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 Materials's share price for the quarter that ended in Dec. 2023 was $38.46. Summit Materials's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 120 Mil. Therefore, Summit Materials's market cap for the quarter that ended in Dec. 2023 was $4,597 Mil.
Summit Materials's quarterly market cap
declined
from Jun. 2023 ($4,500 Mil) to Sep. 2023 ($3,709 Mil) but then
increased
from Sep. 2023 ($3,709 Mil) to Dec. 2023 ($4,597 Mil).
Summit Materials's annual market cap
declined
from Dec. 2021 ($4,765 Mil) to Dec. 2022 ($3,362 Mil) but then
increased
from Dec. 2022 ($3,362 Mil) to Dec. 2023 ($4,597 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 Materials's Enterprise Value for Today is $8,977 Mil.
Summit Materials Market Cap Historical Data
The historical data trend for Summit Materials'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 Materials's Market Cap
For the Building Materials subindustry, Summit Materials'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 Materials's Market Cap Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, Summit Materials's Market Cap distribution charts can be found below:
* The bar in red indicates where Summit Materials's Market Cap falls into.
Summit Materials 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 Materials'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 Materials (NYSE:SUM) 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 Materials Market Cap Related Terms
Thank you for viewing the detailed overview of Summit Materials's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Summit Materials (Summit Materials) Business Description
Summit Materials Inc is an aggregates supplier and cement producer in the United States. The company sells products that include aggregates, which it supplies across the United States, and in British Columbia, Canada, and cement, which it supplies to surrounding states along the Mississippi River from Minnesota to Louisiana. In addition to supplying aggregates to customers, the company uses a portion of its materials internally to produce ready-mix concrete and asphalt paving mix, which may be sold externally or used in its paving and related services businesses. The company operates in 22 U.S. states and in British Columbia, Canada and has assets in 21 U.S. states and in British Columbia, Canada through their platforms.
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