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Qingdao Topscomm Communication's quarterly market cap
declined
from Sep. 2025 (¥5,218 Mil) to Dec. 2025 (¥4,670 Mil) but then
increased
from Dec. 2025 (¥4,670 Mil) to Mar. 2026 (¥5,896 Mil).
Qingdao Topscomm Communication's annual market cap
declined
from Dec. 2023 (¥6,131 Mil) to Dec. 2024 (¥4,650 Mil) but then
increased
from Dec. 2024 (¥4,650 Mil) to Dec. 2025 (¥4,670 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. Qingdao Topscomm Communication's Enterprise Value for Today is ¥3,178 Mil.
Qingdao Topscomm Communication (SHSE:603421) 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.
Qingdao Topscomm Communication Market Cap Related Terms
Qingdao Topscomm Communication Market Cap Historical Data
* 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.
SHSE:603421 vs COHR, KEYS, GRMN: Market Cap Comparison
For the Scientific & Technical Instruments subindustry, Qingdao Topscomm Communication'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.
Qingdao Topscomm Communication Market Cap vs Hardware Industry
For the Hardware industry and Technology sector, Qingdao Topscomm Communication's Market Cap distribution charts can be found below:
* The bar in red indicates where Qingdao Topscomm Communication's Market Cap falls into.
Qingdao Topscomm Communication 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.
* 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.
Qingdao Topscomm Communication (SHSE:603421) has a Market Cap of ¥3,372 Mil as of Jul. 22, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Qingdao Topscomm Communication and its competitors. According to the industry distribution chart, Qingdao Topscomm Communication ranks #850 out of 2520 companies in the Hardware industry, placing it in the top 33.7%.
Is Qingdao Topscomm Communication's Market Cap too high?
Qingdao Topscomm Communication's current Market Cap is ¥3,372 Mil. Based on the distribution chart, Qingdao Topscomm Communication ranks #850 out of 2520 companies in the Hardware industry, which is above the industry midpoint. Overall, Qingdao Topscomm Communication has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Qingdao Topscomm Communication's Market Cap compare to COHR and KEYS?
According to the Hardware industry distribution chart, Qingdao Topscomm Communication ranks #850 out of 2520 companies for Market Cap. This puts Qingdao Topscomm Communication in the upper half of its industry. The industry median Market Cap is 194.09. 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 Hardware company?
The median Market Cap among Hardware companies is 194.09, based on 2,520 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 Qingdao Topscomm Communication and its competitors. For the Hardware industry, the median Market Cap is 194.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qingdao Topscomm Communication's current Market Cap is ¥3,372 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qingdao Topscomm Communication stock overvalued right now?
Based on GuruFocus' analysis, Qingdao Topscomm Communication (SHSE:603421) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥3.42, compared to a current price of ¥5.17 — trading 51.2% above its estimated fair value. The current Market Cap is ¥3,372 Mil. Qingdao Topscomm Communication's overall GF Score™ is 54/100 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 Qingdao Topscomm Communication (SHSE:603421), the current Market Cap is ¥3,372 Mil as of Jul. 22, 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 Qingdao Topscomm Communication (SHSE:603421) Overvalued in 2026?
Based on GuruFocus' analysis, Qingdao Topscomm Communication stock appears to be overvalued.
The current stock price of ¥5.17 is trading 51.2% above its estimated GF Value™ of ¥3.42.
GuruFocus considers Qingdao Topscomm Communication to be Significantly Overvalued.
Key valuation signals for SHSE:603421:
Market Cap: ¥3,372 Mil
GF Value™: ¥3.42 vs. price of ¥5.17 (51.2% above fair value)
No single metric tells the full story. See the SHSE:603421 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Qingdao Topscomm Communication Business Description
Qingdao Topscomm Communication Inc designs, researches and develops, manufactures, and sells smart products for electric power and fire protection in China. It also engages in the research and development of power line carrier communication chips and fieldbus communication chips. Its products include smart energy meters, such as smart prepayment and advanced metering infrastructure (AMI), power line carrier communication system; chips; terminal collecting device such as concentrator and state grid concentrator; and intelligent indoor terminal. It also provides AMI, prepayment vending, water/gas/heat and electricity meter AMR/AMI, distribution automation and management, and low and medium voltage PLC communication solutions.
54GF Score
Get the complete analysis for SHSE:603421
Market Cap is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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