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). Dawn's share price for the quarter that ended in Nov. 2025 was 円1208. Dawn's Shares Outstanding (EOP) for the quarter that ended in Nov. 2025 was 6.1 Mil. Therefore, Dawn's market cap for the quarter that ended in Nov. 2025 was 円7,360.3 Mil.
Dawn's quarterly market cap
declined
from Nov. 2024 (円7,335.9 Mil) to May. 2025 (円6,906.9 Mil) but then
increased
from May. 2025 (円6,906.9 Mil) to Nov. 2025 (円7,360.3 Mil).
Dawn's annual market cap
declined
from May. 2023 (円6,312.2 Mil) to May. 2024 (円6,142.0 Mil) but then
increased
from May. 2024 (円6,142.0 Mil) to May. 2025 (円6,906.9 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. Dawn's Enterprise Value for Today is 円6,446.3 Mil.
Dawn (TSE:2303) 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.
Dawn Market Cap Related Terms
Dawn Market Cap Historical Data
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The historical data trend for Dawn'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.
TSE:2303 vs UBER, SHOP, CRM: Market Cap Comparison
For the Software - Application subindustry, Dawn'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.
Dawn Market Cap vs Software Industry
For the Software industry and Technology sector, Dawn's Market Cap distribution charts can be found below:
* The bar in red indicates where Dawn'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.
Dawn's Market Cap for the fiscal year that ended in May. 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.
Dawn (TSE:2303) has a Market Cap of 円7,729.0 Mil as of Jul. 04, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Dawn and its competitors. According to the industry distribution chart, Dawn ranks #1626 out of 2929 companies in the Software industry, placing it in the top 55.5%.
Is Dawn's Market Cap too high?
Dawn's current Market Cap is 円7,729.0 Mil. Based on the distribution chart, Dawn ranks #1626 out of 2929 companies in the Software industry, which is below the industry midpoint. Overall, Dawn has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dawn's Market Cap compare to UBER and SHOP?
According to the Software industry distribution chart, Dawn ranks #1626 out of 2929 companies for Market Cap. This places Dawn in the lower half of its industry. The industry median Market Cap is 67.92. 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 67.92, based on 2,929 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. 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 Dawn and its competitors. For the Software industry, the median Market Cap is 67.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dawn's current Market Cap is 円7,729.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dawn stock overvalued right now?
Based on GuruFocus' analysis, Dawn (TSE:2303) is currently considered Fairly Valued. The stock's GF Value™ is 円1,398.30, compared to a current price of 円1,300.00 — trading 7% below its estimated fair value. The current Market Cap is 円7,729.0 Mil. Dawn's overall GF Score™ is 76/100 with 3 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 Dawn (TSE:2303), the current Market Cap is 円7,729.0 Mil as of Jul. 04, 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 Dawn (TSE:2303) Overvalued in 2026?
Based on GuruFocus' analysis, Dawn stock appears to be undervalued.
The current stock price of 円1,300.00 is trading 7% below its estimated GF Value™ of 円1,398.30.
GuruFocus considers Dawn to be Fairly Valued.
Key valuation signals for TSE:2303:
Market Cap: 円7,729.0 Mil
GF Value™: 円1,398.30 vs. price of 円1,300.00 (7% below fair value)
No single metric tells the full story. See the TSE:2303 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dawn Corp is engaged in service building services such as FAQ Q and A location information service ASP, GPS map, GIS application development consulting contract research and development and sales of core GIS engine. It is a research and development company specialized in geographic information systems. Its system is used in the security and security of disaster prevention areas such as local governments, the crime prevention area for disaster prevention and the social infrastructure area of private enterprises.
76GF Score
Get the complete analysis for TSE:2303
Market Cap is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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