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). Ascent Industries Co's share price for the quarter that ended in Dec. 2023 was $9.56. Ascent Industries Co's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 10.1 Mil. Therefore, Ascent Industries Co's market cap for the quarter that ended in Dec. 2023 was $96.5 Mil.
Ascent Industries Co's quarterly market cap
declined
from Jun. 2023 ($92.3 Mil) to Sep. 2023 ($89.8 Mil) but then
increased
from Sep. 2023 ($89.8 Mil) to Dec. 2023 ($96.5 Mil).
Ascent Industries Co's annual market cap
declined
from Dec. 2021 ($167.0 Mil) to Dec. 2022 ($88.1 Mil) but then
increased
from Dec. 2022 ($88.1 Mil) to Dec. 2023 ($96.5 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. Ascent Industries Co's Enterprise Value for Today is $136.0 Mil.
Ascent Industries Co Market Cap Historical Data
The historical data trend for Ascent Industries Co'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 Ascent Industries Co's Market Cap
For the Steel subindustry, Ascent Industries Co'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.
Ascent Industries Co's Market Cap Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Ascent Industries Co's Market Cap distribution charts can be found below:
* The bar in red indicates where Ascent Industries Co's Market Cap falls into.
Ascent Industries Co 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.
Ascent Industries Co'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.
Ascent Industries Co (NAS:ACNT) 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.
Ascent Industries Co Market Cap Related Terms
Thank you for viewing the detailed overview of Ascent Industries Co's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Ascent Industries Co (Ascent Industries Co) Business Description
Ascent Industries Co is engaged in the chemical and metal industry. The group operates into two reportable segments namely the Ascent Tubular Products and the Specialty Chemicals Segment. The Tubular Products segment serves markets through pipe and tube and customers in the appliance, architectural, automotive and commercial transportation, brewery, chemical, petrochemical and other industries. The Specialty Chemicals segment produces specialty products for the pulp and paper, coatings, adhesives, sealants and elastomers (CASE), textile, automotive, household and other industries. It manufactures welded pipe and tube, majorly from stainless steel, duplex, and nickel alloys. The company also produces specialty chemicals and dyes used in various end markets.
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