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). Royale Energy's share price for the quarter that ended in Dec. 2023 was $0.0405. Royale Energy's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 70.56 Mil. Therefore, Royale Energy's market cap for the quarter that ended in Dec. 2023 was $2.86 Mil.
Royale Energy's quarterly market cap
declined
from Jun. 2023 ($3.36 Mil) to Sep. 2023 ($2.37 Mil) but then
increased
from Sep. 2023 ($2.37 Mil) to Dec. 2023 ($2.86 Mil).
Royale Energy's annual market cap
increased
from Dec. 2021 ($2.26 Mil) to Dec. 2022 ($4.08 Mil) but then
declined
from Dec. 2022 ($4.08 Mil) to Dec. 2023 ($2.86 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. Royale Energy's Enterprise Value for Today is $26.45 Mil.
Royale Energy Market Cap Historical Data
The historical data trend for Royale Energy'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 Royale Energy's Market Cap
For the Oil & Gas E&P subindustry, Royale Energy'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.
Royale Energy's Market Cap Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Royale Energy's Market Cap distribution charts can be found below:
* The bar in red indicates where Royale Energy's Market Cap falls into.
Royale Energy 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.
Royale Energy'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.
Royale Energy (OTCPK:ROYL) 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.
Royale Energy Market Cap Related Terms
Thank you for viewing the detailed overview of Royale Energy's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Royale Energy (Royale Energy) Business Description
Royale Energy Inc is an independent oil and natural gas producer. The company's business includes the production and sale of oil and natural gas, acquisition of oil and gas lease interests and proved reserves, drilling of both exploratory and development wells, and sales of fractional working interests in wells to be drilled by Royale. Its own wells and leases are located in the Sacramento Basin and San Joaquin Basin in California as well as in Utah, Texas, Oklahoma, and Louisiana.
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