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). Thermon Group Holdings's share price for the quarter that ended in Dec. 2023 was $32.57. Thermon Group Holdings's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 33.7 Mil. Therefore, Thermon Group Holdings's market cap for the quarter that ended in Dec. 2023 was $1,098.0 Mil.
Thermon Group Holdings's quarterly market cap
increased
from Jun. 2023 ($895.9 Mil) to Sep. 2023 ($925.5 Mil) and
increased
from Sep. 2023 ($925.5 Mil) to Dec. 2023 ($1,098.0 Mil).
Thermon Group Holdings's annual market cap
declined
from Mar. 2021 ($647.6 Mil) to Mar. 2022 ($540.5 Mil) but then
increased
from Mar. 2022 ($540.5 Mil) to Mar. 2023 ($835.0 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. Thermon Group Holdings's Enterprise Value for Today is $1,195.0 Mil.
Thermon Group Holdings Market Cap Historical Data
The historical data trend for Thermon Group Holdings'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.
* Premium members only.
Thermon Group Holdings Annual Data
Trend
Mar14
Mar15
Mar16
Mar17
Mar18
Mar19
Mar20
Mar21
Mar22
Mar23
Market Cap
799.62
496.06
647.57
540.51
835.02
Thermon Group Holdings Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Market Cap
672.59
835.02
895.91
925.48
1,097.99
Competitive Comparison
For the Specialty Industrial Machinery subindustry, Thermon Group Holdings'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.
Thermon Group Holdings Market Cap Distribution
For the Industrial Products industry and Industrials sector, Thermon Group Holdings's Market Cap distribution charts can be found below:
* The bar in red indicates where Thermon Group Holdings's Market Cap falls into.
Thermon Group Holdings 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.
Thermon Group Holdings's Market Cap for the fiscal year that ended in Mar. 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.
Thermon Group Holdings (NYSE:THR) 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.
Thermon Group Holdings Market Cap Related Terms
Thank you for viewing the detailed overview of Thermon Group Holdings's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Thermon Group Holdings (Thermon Group Holdings) Business Description
Thermon Group Holdings Inc is a United States-based company that provides engineered thermal solutions for process industries. The company's product portfolio comprises electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines. It also provides turnkey services and design and engineering services. The company's customers include large engineering, procurement, and construction companies; oil and gas companies; commercial subcontractors; electrical component distributors; and others. The company has a presence, with the United States, Canada, and Europe being its top three markets and contributing the majority of its sales.
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