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). Truist Financial's share price for the quarter that ended in Dec. 2023 was $36.92. Truist Financial's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 1,334 Mil. Therefore, Truist Financial's market cap for the quarter that ended in Dec. 2023 was $49,242 Mil.
Truist Financial's quarterly market cap
declined
from Jun. 2023 ($40,426 Mil) to Sep. 2023 ($38,156 Mil) but then
increased
from Sep. 2023 ($38,156 Mil) to Dec. 2023 ($49,242 Mil).
Truist Financial's annual market cap
declined
from Dec. 2021 ($77,744 Mil) to Dec. 2022 ($57,093 Mil) and
declined
from Dec. 2022 ($57,093 Mil) to Dec. 2023 ($49,242 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. Truist Financial's Enterprise Value for Today is $88,563 Mil.
Truist Financial Market Cap Historical Data
The historical data trend for Truist Financial'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 Truist Financial's Market Cap
For the Banks - Regional subindustry, Truist Financial'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.
Truist Financial's Market Cap Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Truist Financial's Market Cap distribution charts can be found below:
* The bar in red indicates where Truist Financial's Market Cap falls into.
Truist Financial 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.
Truist Financial'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.
Truist Financial (NYSE:TFC) 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.
Truist Financial Market Cap Related Terms
Thank you for viewing the detailed overview of Truist Financial's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Truist Financial (Truist Financial) Business Description
Based in Charlotte, North Carolina, Truist is the combination of BB&T and SunTrust. Truist is a regional bank with a presence primarily in the Southeastern United States. In addition to commercial banking, retail banking, and investment banking operations, the company operates several nonbank segments, the primary one being its insurance brokerage business.
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