PermRock Royalty Trust's quarterly market cap
declined
from Mar. 2024 ($50.85 Mil) to Jun. 2024 ($47.32 Mil) but then
increased
from Jun. 2024 ($47.32 Mil) to Sep. 2024 ($48.05 Mil).
PermRock Royalty Trust's annual market cap
increased
from Dec. 2021 ($85.16 Mil) to Dec. 2022 ($93.80 Mil) but then
declined
from Dec. 2022 ($93.80 Mil) to Dec. 2023 ($53.77 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. PermRock Royalty Trust's Enterprise Value for Today is $44.86 Mil.
* 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 PermRock Royalty Trust's Market Cap
For the Oil & Gas E&P subindustry, PermRock Royalty Trust'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.
PermRock Royalty Trust's Market Cap Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, PermRock Royalty Trust's Market Cap distribution charts can be found below:
* The bar in red indicates where PermRock Royalty Trust's Market Cap falls into.
PermRock Royalty Trust 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.
PermRock Royalty Trust'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.
PermRock Royalty Trust (NYSE:PRT) 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.
PermRock Royalty Trust Market Cap Related Terms
Thank you for viewing the detailed overview of PermRock Royalty Trust's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
PermRock Royalty Trust operates as a statutory trust. Its purpose is to own the Net Profits Interest, to distribute to the Trust unitholders cash that it receives in respect of the Net Profits Interest, and to perform certain administrative functions. The Net Profits Interest entitles the trust to receive 80% of the net profits from the sale of oil and natural gas production from the underlying properties of its trustor.
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