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). Topaz Energy's share price for the quarter that ended in Mar. 2026 was $22.221. Topaz Energy's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 154.7 Mil. Therefore, Topaz Energy's market cap for the quarter that ended in Mar. 2026 was $3,438.5 Mil.
Topaz Energy's quarterly market cap
increased
from Sep. 2025 ($2,856.3 Mil) to Dec. 2025 ($3,093.3 Mil) and
increased
from Dec. 2025 ($3,093.3 Mil) to Mar. 2026 ($3,438.5 Mil).
Topaz Energy's annual market cap
increased
from Dec. 2023 ($2,124.0 Mil) to Dec. 2024 ($2,946.4 Mil) and
increased
from Dec. 2024 ($2,946.4 Mil) to Dec. 2025 ($3,093.3 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. Topaz Energy's Enterprise Value for Today is $3,617.8 Mil.
Topaz Energy (OTCPK:TPZEF) 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.
Topaz Energy Market Cap Related Terms
Topaz Energy Market Cap Historical Data
* Premium members only.
The historical data trend for Topaz Energy'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 Oil & Gas Midstream subindustry, Topaz Energy'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.
Topaz Energy Market Cap vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Topaz Energy's Market Cap distribution charts can be found below:
* The bar in red indicates where Topaz Energy'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.
Topaz Energy'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.
Topaz Energy (TPZEF) has a Market Cap of $3,238.4 Mil as of Jun. 27, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Topaz Energy and its competitors. According to the industry distribution chart, Topaz Energy ranks #194 out of 1043 companies in the Oil & Gas industry, placing it in the top 18.6%.
Is Topaz Energy's Market Cap too high?
Topaz Energy's current Market Cap is $3,238.4 Mil. The Oil & Gas industry median Market Cap is 206.34. Topaz Energy's value of $3,238.4 Mil is 1469.5% above this industry median. Based on the distribution chart, Topaz Energy ranks #194 out of 1043 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Topaz Energy has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Topaz Energy's Market Cap compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, Topaz Energy ranks #194 out of 1043 companies for Market Cap. This places Topaz Energy in the top 19% of its industry — outperforming the majority of peers. The industry median Market Cap is 206.34. Topaz Energy's value of $3,238.4 Mil is 1469.5% 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 an Oil & Gas company?
The median Market Cap among Oil & Gas companies is 206.34, based on 1,043 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. Topaz Energy's current Market Cap of $3,238.4 Mil is 1469.5% 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 Topaz Energy and its competitors. For the Oil & Gas industry, the median Market Cap is 206.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Topaz Energy's current Market Cap is $3,238.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Topaz Energy stock overvalued right now?
Based on GuruFocus' analysis, Topaz Energy (TPZEF) is currently considered Fairly Valued. The stock's GF Value™ is $19.83, compared to a current price of $20.96 — trading 5.7% above its estimated fair value. The current Market Cap is $3,238.4 Mil and 1469.5% above the Oil & Gas industry median of 206.34. Topaz Energy's overall GF Score™ is 86/100 with 6 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 Topaz Energy (TPZEF), the current Market Cap is $3,238.4 Mil as of Jun. 27, 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 Topaz Energy (TPZEF) Overvalued in 2026?
Based on GuruFocus' analysis, Topaz Energy stock appears to be overvalued.
The current stock price of $20.96 is trading 5.7% above its estimated GF Value™ of $19.83.
GuruFocus considers Topaz Energy to be Fairly Valued.
Key valuation signals for TPZEF:
Market Cap: $3,238.4 Mil
GF Value™: $19.83 vs. price of $20.96 (5.7% above fair value)
Industry Position: 1469.5% above the Oil & Gas median (#194 of 1043)
No single metric tells the full story. See the TPZEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Topaz Energy Corp is a royalty and energy infrastructure company focused on generating low-risk income and paying dividends to its shareholders. The company generates revenue from the Royalty Assets, which generate the company's Royalty Production Revenue; and the Infrastructure Assets, which generate the company's Processing Revenue and Other Income. The majority of the company's revenue is earned through royalties.
86GF Score
Get the complete analysis for TPZEF
Market Cap is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPZEF has been successfully added to your 
