Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Porch Group's share price for the quarter that ended in Dec. 2023 was $3.08. Porch Group's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 97.1 Mil. Therefore, Porch Group's market cap for the quarter that ended in Dec. 2023 was $298.9 Mil.
Porch Group's quarterly market cap
declined
from Jun. 2023 ($135.5 Mil) to Sep. 2023 ($79.0 Mil) but then
increased
from Sep. 2023 ($79.0 Mil) to Dec. 2023 ($298.9 Mil).
Porch Group's annual market cap
declined
from Dec. 2021 ($1,527.2 Mil) to Dec. 2022 ($185.1 Mil) but then
increased
from Dec. 2022 ($185.1 Mil) to Dec. 2023 ($298.9 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Porch Group's Enterprise Value for Today is $479.5 Mil.
Porch Group Market Cap Historical Data
The historical data trend for Porch Group's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Porch Group's Market Cap
For the Software - Application subindustry, Porch Group's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Porch Group's Market Cap Distribution in the Software Industry
For the Software industry and Technology sector, Porch Group's Market Cap distribution charts can be found below:
* The bar in red indicates where Porch Group's Market Cap falls into.
Porch Group Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Porch Group's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Porch Group (NAS:PRCH) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Porch Group Market Cap Related Terms
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Porch Group Inc is a vertical software company reinventing the home services and insurance industries. It has two reportable segments: The vertical Software segment provides software and services to home services companies. The Vertical Software segment has three types of customers: home services companies, such as home inspectors, mortgage companies, and loan officers, consumers, such as homebuyers and homeowners, and service providers, such as moving companies, security companies, and title companies, and The insurance segment offers various property-related insurance policies through its risk-bearing carrier, independent agency, and risk-bearing home warranty companies.
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