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). Trinet Group's share price for the quarter that ended in Dec. 2023 was $118.93. Trinet Group's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 51 Mil. Therefore, Trinet Group's market cap for the quarter that ended in Dec. 2023 was $6,026 Mil.
Trinet Group's quarterly market cap
increased
from Jun. 2023 ($5,667 Mil) to Sep. 2023 ($5,883 Mil) and
increased
from Sep. 2023 ($5,883 Mil) to Dec. 2023 ($6,026 Mil).
Trinet Group's annual market cap
declined
from Dec. 2021 ($6,284 Mil) to Dec. 2022 ($4,106 Mil) but then
increased
from Dec. 2022 ($4,106 Mil) to Dec. 2023 ($6,026 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. Trinet Group's Enterprise Value for Today is $7,197 Mil.
Trinet Group Market Cap Historical Data
The historical data trend for Trinet Group'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 Trinet Group's Market Cap
For the Staffing & Employment Services subindustry, Trinet Group'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.
Trinet Group's Market Cap Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Trinet Group's Market Cap distribution charts can be found below:
* The bar in red indicates where Trinet Group's Market Cap falls into.
Trinet Group 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.
Trinet Group'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.
Trinet Group (NYSE:TNET) 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.
Trinet Group Market Cap Related Terms
Thank you for viewing the detailed overview of Trinet Group's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
TriNet offers outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients' employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&D tax credit services.
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