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). Summit State Bank's share price for the quarter that ended in Dec. 2023 was $12.3. Summit State Bank's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 6.78 Mil. Therefore, Summit State Bank's market cap for the quarter that ended in Dec. 2023 was $83.44 Mil.
Summit State Bank's quarterly market cap
increased
from Jun. 2023 ($102.51 Mil) to Sep. 2023 ($108.84 Mil) but then
declined
from Sep. 2023 ($108.84 Mil) to Dec. 2023 ($83.44 Mil).
Summit State Bank's annual market cap
increased
from Dec. 2021 ($103.56 Mil) to Dec. 2022 ($106.38 Mil) but then
declined
from Dec. 2022 ($106.38 Mil) to Dec. 2023 ($83.44 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. Summit State Bank's Enterprise Value for Today is $14.55 Mil.
Summit State Bank Market Cap Historical Data
The historical data trend for Summit State Bank'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 Summit State Bank's Market Cap
For the Banks - Regional subindustry, Summit State Bank'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.
Summit State Bank's Market Cap Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Summit State Bank's Market Cap distribution charts can be found below:
* The bar in red indicates where Summit State Bank's Market Cap falls into.
Summit State Bank 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.
Summit State Bank'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.
Summit State Bank (NAS:SSBI) 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.
Summit State Bank Market Cap Related Terms
Thank you for viewing the detailed overview of Summit State Bank's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Summit State Bank (Summit State Bank) Business Description
Summit State Bank is a state-chartered commercial bank operating a traditional community banking business within the primary service area of Sonoma County in California, however, it also considers and makes loans to borrowers primarily from Marin, Napa, and San Francisco counties. The bank provides a broad array of financial services to small to medium-sized businesses and their owners and employees, entrepreneurs, high-net-worth families, foundations, estates, and individual consumers. Its lending activities are primarily focused on commercial real estate, construction, and business loans to targeted clientele. The bank also has loan production offices in California (Roseville, Irvine, and Tustin), Arizona (Scottsdale), Texas (Montgomery), and Washington (Mukilteo).
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