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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). Fortress Minerals's share price for the quarter that ended in May. 2026 was S$0.245. Fortress Minerals's Shares Outstanding (EOP) for the quarter that ended in May. 2026 was 523.32 Mil. Therefore, Fortress Minerals's market cap for the quarter that ended in May. 2026 was S$128.21 Mil.
Fortress Minerals's quarterly market cap
increased
from Nov. 2025 (S$117.75 Mil) to Feb. 2026 (S$128.21 Mil) but then
stayed the same
from Feb. 2026 (S$128.21 Mil) to May. 2026 (S$128.21 Mil).
Fortress Minerals's annual market cap
declined
from Feb. 2024 (S$146.53 Mil) to Feb. 2025 (S$122.98 Mil) but then
increased
from Feb. 2025 (S$122.98 Mil) to Feb. 2026 (S$128.21 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. Fortress Minerals's Enterprise Value for Today is S$134.87 Mil.
Fortress Minerals (SGX:OAJ) 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.
Fortress Minerals Market Cap Related Terms
Fortress Minerals Market Cap Historical Data
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The historical data trend for Fortress Minerals'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.
For the Steel subindustry, Fortress Minerals'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.
Fortress Minerals Market Cap vs Steel Industry
For the Steel industry and Basic Materials sector, Fortress Minerals's Market Cap distribution charts can be found below:
* The bar in red indicates where Fortress Minerals'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.
Fortress Minerals's Market Cap for the fiscal year that ended in Feb. 2026 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.
Fortress Minerals (SGX:OAJ) has a Market Cap of S$122.98 Mil as of Aug. 07, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Fortress Minerals and its competitors. According to the industry distribution chart, Fortress Minerals ranks #319 out of 639 companies in the Steel industry, placing it in the top 49.9%.
Is Fortress Minerals' Market Cap too high?
Fortress Minerals' current Market Cap is S$122.98 Mil. Based on the distribution chart, Fortress Minerals ranks #319 out of 639 companies in the Steel industry, which is above the industry midpoint. Overall, Fortress Minerals has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fortress Minerals' Market Cap compare to NUE and STLD?
According to the Steel industry distribution chart, Fortress Minerals ranks #319 out of 639 companies for Market Cap. This puts Fortress Minerals in the upper half of its industry. The industry median Market Cap is 100.16. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Steel company?
The median Market Cap among Steel companies is 100.16, based on 639 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Fortress Minerals and its competitors. For the Steel industry, the median Market Cap is 100.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortress Minerals's current Market Cap is S$122.98 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortress Minerals stock overvalued right now?
Based on GuruFocus' analysis, Fortress Minerals (SGX:OAJ) is currently considered Modestly Undervalued. The stock's GF Value™ is S$0.33, compared to a current price of S$0.24 — trading 28.8% below its estimated fair value. The current Market Cap is S$122.98 Mil. Fortress Minerals' overall GF Score™ is 55/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Fortress Minerals (SGX:OAJ), the current Market Cap is S$122.98 Mil as of Aug. 07, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Fortress Minerals (SGX:OAJ) Overvalued in 2026?
Based on GuruFocus' analysis, Fortress Minerals stock appears to be undervalued.
The current stock price of S$0.24 is trading 28.8% below its estimated GF Value™ of S$0.33.
GuruFocus considers Fortress Minerals to be Modestly Undervalued.
Key valuation signals for SGX:OAJ:
Market Cap: S$122.98 Mil
GF Value™: S$0.33 vs. price of S$0.24 (28.8% below fair value)
No single metric tells the full story. See the SGX:OAJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortress Minerals Ltd is an iron ore concentrate miner and exporter in Malaysia. The company engages in the exploration, mining, production, and sale of iron ore with low levels of impurities. It mines the iron ore from its East, Valley, and West Deposits of Bukit Besi Mine situated in the district of Dungun, state of Terengganu in Malaysia. It derives revenue from the sale of iron ore.
55GF Score
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