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). PENN Entertainment's share price for the quarter that ended in Dec. 2023 was €23.78. PENN Entertainment's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 152 Mil. Therefore, PENN Entertainment's market cap for the quarter that ended in Dec. 2023 was €3,617 Mil.
PENN Entertainment's quarterly market cap
declined
from Jun. 2023 (€3,259 Mil) to Sep. 2023 (€3,258 Mil) but then
increased
from Sep. 2023 (€3,258 Mil) to Dec. 2023 (€3,617 Mil).
PENN Entertainment's annual market cap
declined
from Dec. 2021 (€7,256 Mil) to Dec. 2022 (€4,156 Mil) and
declined
from Dec. 2022 (€4,156 Mil) to Dec. 2023 (€3,617 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. PENN Entertainment's Enterprise Value for Today is €12,157 Mil.
PENN Entertainment Market Cap Historical Data
The historical data trend for PENN Entertainment'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 PENN Entertainment's Market Cap
For the Resorts & Casinos subindustry, PENN Entertainment'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.
PENN Entertainment's Market Cap Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, PENN Entertainment's Market Cap distribution charts can be found below:
* The bar in red indicates where PENN Entertainment's Market Cap falls into.
PENN Entertainment 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.
PENN Entertainment'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.
PENN Entertainment (STU:PN1) 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.
PENN Entertainment Market Cap Related Terms
Thank you for viewing the detailed overview of PENN Entertainment's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Penn Entertainment's origins date back to its 1972 racetrack opening in Pennsylvania. Today, Penn operates 43 properties across 20 states and 12 brands (such as Hollywood Casino and Ameristar), with land-based casinos representing 90% of total sales in 2022 (10% was from the interactive segment, which includes sports, iGaming, and media revenue). The retail portfolio generates high-30% EBITDAR margins and helps position the company to obtain licenses for the digital wagering markets. Additionally, Penn's media assets, theScore and ESPN (starting with its partnership launch Nov. 14, 2023), provide access to sports betting/iGaming technology and clientele, helping it form a leading digital position.
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