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). TON Strategy Co's share price for the quarter that ended in Mar. 2026 was $2.47. TON Strategy Co's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 56.53 Mil. Therefore, TON Strategy Co's market cap for the quarter that ended in Mar. 2026 was $139.63 Mil.
TON Strategy Co's quarterly market cap
declined
from Sep. 2025 ($416.00 Mil) to Dec. 2025 ($112.50 Mil) but then
increased
from Dec. 2025 ($112.50 Mil) to Mar. 2026 ($139.63 Mil).
TON Strategy Co's annual market cap
increased
from Dec. 2023 ($3.65 Mil) to Dec. 2024 ($6.49 Mil) and
increased
from Dec. 2024 ($6.49 Mil) to Dec. 2025 ($112.50 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. TON Strategy Co's Enterprise Value for Today is $103.88 Mil.
TON Strategy Co (NAS:TONX) 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.
TON Strategy Co Market Cap Related Terms
TON Strategy Co Market Cap Historical Data
* Premium members only.
The historical data trend for TON Strategy 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.
For the Software - Application subindustry, TON Strategy 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.
TON Strategy Co Market Cap vs Software Industry
For the Software industry and Technology sector, TON Strategy Co's Market Cap distribution charts can be found below:
* The bar in red indicates where TON Strategy Co's Market Cap falls into.
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.
TON Strategy Co's Market Cap for the fiscal year that ended in Dec. 2025 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.
TON Strategy Co (TONX) has a Market Cap of $138.50 Mil as of Jun. 25, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on TON Strategy Co and its competitors. According to the industry distribution chart, TON Strategy Co ranks #1160 out of 2927 companies in the Software industry, placing it in the top 39.6%.
Is TON Strategy Co's Market Cap too high?
TON Strategy Co's current Market Cap is $138.50 Mil. The Software industry median Market Cap is 65.54. TON Strategy Co's value of $138.50 Mil is 111.3% above this industry median. Based on the distribution chart, TON Strategy Co ranks #1160 out of 2927 companies in the Software industry, which is above the industry midpoint. Overall, TON Strategy Co has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TON Strategy Co's Market Cap compare to KLTR and IMMR?
According to the Software industry distribution chart, TON Strategy Co ranks #1160 out of 2927 companies for Market Cap. This puts TON Strategy Co in the upper half of its industry. The industry median Market Cap is 65.54. TON Strategy Co's value of $138.50 Mil is 111.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Software company?
The median Market Cap among Software companies is 65.54, based on 2,927 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TON Strategy Co's current Market Cap of $138.50 Mil is 111.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on TON Strategy Co and its competitors. For the Software industry, the median Market Cap is 65.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TON Strategy Co's current Market Cap is $138.50 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TON Strategy Co stock overvalued right now?
Based on GuruFocus' analysis, TON Strategy Co (TONX) is currently considered Possible Value Trap. The stock's GF Value™ is $17.74, compared to a current price of $2.45 — trading 86.2% below its estimated fair value. The current Market Cap is $138.50 Mil and 111.3% above the Software industry median of 65.54. TON Strategy Co's overall GF Score™ is 50/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For TON Strategy Co (TONX), the current Market Cap is $138.50 Mil as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is TON Strategy Co (TONX) Overvalued in 2026?
Based on GuruFocus' analysis, TON Strategy Co stock appears to be undervalued.
The current stock price of $2.45 is trading 86.2% below its estimated GF Value™ of $17.74.
GuruFocus considers TON Strategy Co to be Possible Value Trap.
Key valuation signals for TONX:
Market Cap: $138.50 Mil
GF Value™: $17.74 vs. price of $2.45 (86.2% below fair value)
Industry Position: 111.3% above the Software median (#1160 of 2927)
No single metric tells the full story. See the TONX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TON Strategy Co is a digital asset treasury and Web3 ecosystem company focused on supporting The Open Network, a public blockchain integrated with Telegram and designed for fast, scalable transactions and decentralized applications. Its core business is managing its holdings of Toncoin (TON), including staking tokens to support network validation and earn rewards, while adhering to regulatory, accounting, and risk management standards. The company also pursues Web3 initiatives to support the ecosystem's growth and adoption. It operates through MARKET. live, Go Fund Yourself, and TON segments, with MARKET.live generating maximum revenue as a multi-vendor livestream shopping platform that combines e-commerce and entertainment across social and video channels.
50GF Score
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