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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). Root's share price for the quarter that ended in Dec. 2023 was $10.48. Root's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 14.5 Mil. Therefore, Root's market cap for the quarter that ended in Dec. 2023 was $152.0 Mil.
Root's quarterly market cap increased from Jun. 2023 ($128.7 Mil) to Sep. 2023 ($137.9 Mil) and increased from Sep. 2023 ($137.9 Mil) to Dec. 2023 ($152.0 Mil).
Root's annual market cap declined from Dec. 2021 ($783.7 Mil) to Dec. 2022 ($63.8 Mil) but then increased from Dec. 2022 ($63.8 Mil) to Dec. 2023 ($152.0 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. Root's Enterprise Value for Today is $527.2 Mil.
The historical data trend for Root'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.
Root Annual Data | |||||||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Market Cap | Get a 7-Day Free Trial | - | 3,952.64 | 783.68 | 63.76 | 151.96 |
Root Quarterly Data | ||||||||||||||||||||
Dec18 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Market Cap | Get a 7-Day Free Trial | 63.76 | 64.04 | 128.74 | 137.90 | 151.96 |
For the Insurance - Property & Casualty subindustry, Root'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.
For the Insurance industry and Financial Services sector, Root's Market Cap distribution charts can be found below:
* The bar in red indicates where Root's Market Cap falls into.
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.
Root's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
Market Cap (A: Dec. 2023 ) | = | Share Price (A: Dec. 2023 ) | * | Shares Outstanding (EOP) (A: Dec. 2023 ) |
= | $10.48 | * | 14.5 | |
= | $152.0 |
Root's Market Cap for the quarter that ended in Dec. 2023 is calculated as
Market Cap (Q: Dec. 2023 ) | = | Share Price (Q: Dec. 2023 ) | * | Shares Outstanding (EOP) (Q: Dec. 2023 ) |
= | $10.48 | * | 14.5 | |
= | $152.0 |
* 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.
Root (NAS:ROOT) 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.
Thank you for viewing the detailed overview of Root's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Jonathan Allison | officer: Chief Administrative Officer | ROOT, INC., 80 E. RICH STREET, SUITE 500, COLUMBUS OH 43215 |
Donna Dorsey | director | ROOT, INC., 80 E. RICH STREET, SUITE 500, COLUMBUS OH 43215 |
Mahtiyar Bonakdarpour | officer: Chief Technology Officer | 80 E. RICH STREET, SUITE 500, COLUMBUS OH 43215 |
Meyer Malka | 10 percent owner | 364 UNIVERSITY AVENUE, PALO ALTO CA 94301 |
Bullfrog Capital, L.p. | 10 percent owner | 364 UNIVERSITY AVENUE, PALO ALTO CA 94301 |
Bullfrog Capital Gp, Ltd. | 10 percent owner | 364 UNIVERSITY AVENUE, PALO ALTO CA 94301 |
Julie Szudarek | director | 80 E. RICH STREET, SUITE 500, COLUMBUS OH 43215 |
Robert H. Bateman | officer: Chief Financial Officer | ONE HARTFORD PLAZA, HARTFORD CT 06155 |
Daniel H Rosenthal | director, officer: Chief Financial Officer | C/O ROOT, INC., 80 E RICH STREET, SUITE 500, COLUMBUS OH 43215 |
Beth A Birnbaum | director | C/O 111 RIVER STREET, HOBOKEN NJ 07030 |
Lawrence A. Hilsheimer | director | 425 WINTER ROAD, DELAWARE OH 43015 |
Hemal Shah | officer: Chief Product Officer | 80 E. RICH STREET, SUITE 500, COLUMBUS OH 43215 |
Carvana Co. | 10 percent owner | 300 E. RIO SALADO PARKWAY, TEMPE AZ 85281 |
Carvana Group, Llc | 10 percent owner | 1930 W. RIO SALADO PKWY, TEMPE AZ 85281 |
Anirban Kundu | officer: Chief Technology Officer | 80 E. RICH STREET, SUITE 500, COLUMBUS OH 43215 |
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