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Major Drilling Group International's quarterly market cap
increased
from Oct. 2025 (C$1,013.4 Mil) to Jan. 2026 (C$1,227.1 Mil) and
increased
from Jan. 2026 (C$1,227.1 Mil) to Apr. 2026 (C$1,288.6 Mil).
Major Drilling Group International's annual market cap
declined
from Apr. 2024 (C$781.9 Mil) to Apr. 2025 (C$713.7 Mil) but then
increased
from Apr. 2025 (C$713.7 Mil) to Apr. 2026 (C$1,288.6 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. Major Drilling Group International's Enterprise Value for Today is C$1,144.4 Mil.
Major Drilling Group International (TSX:MDI) 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.
Major Drilling Group International Market Cap Related Terms
Major Drilling Group International Market Cap Historical Data
* 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.
Major Drilling Group International Market Cap Chart
Major Drilling Group International Market Cap Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Major Drilling Group International'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.
Major Drilling Group International Market Cap vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Major Drilling Group International's Market Cap distribution charts can be found below:
* The bar in red indicates where Major Drilling Group International's Market Cap falls into.
Major Drilling Group International 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.
* 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.
Major Drilling Group International (TSX:MDI) has a Market Cap of C$1,171.9 Mil as of Jul. 17, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Major Drilling Group International and its competitors. According to the industry distribution chart, Major Drilling Group International ranks #346 out of 2689 companies in the Metals & Mining industry, placing it in the top 12.9%.
Is Major Drilling Group International's Market Cap too high?
Major Drilling Group International's current Market Cap is C$1,171.9 Mil. Based on the distribution chart, Major Drilling Group International ranks #346 out of 2689 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Major Drilling Group International has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Major Drilling Group International's Market Cap compare to competitors?
According to the Metals & Mining industry distribution chart, Major Drilling Group International ranks #346 out of 2689 companies for Market Cap. This places Major Drilling Group International in the top 13% of its industry — outperforming the majority of peers. The industry median Market Cap is 21.54. 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 Metals & Mining company?
The median Market Cap among Metals & Mining companies is 21.54, based on 2,689 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 Major Drilling Group International and its competitors. For the Metals & Mining industry, the median Market Cap is 21.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Major Drilling Group International's current Market Cap is C$1,171.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Major Drilling Group International stock overvalued right now?
Based on GuruFocus' analysis, Major Drilling Group International (TSX:MDI) is currently considered Modestly Overvalued. The stock's GF Value™ is C$11.50, compared to a current price of C$14.25 — trading 23.9% above its estimated fair value. The current Market Cap is C$1,171.9 Mil. Major Drilling Group International's overall GF Score™ is 89/100 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 Major Drilling Group International (TSX:MDI), the current Market Cap is C$1,171.9 Mil as of Jul. 17, 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 Major Drilling Group International (TSX:MDI) Overvalued in 2026?
Based on GuruFocus' analysis, Major Drilling Group International stock appears to be overvalued.
The current stock price of C$14.25 is trading 23.9% above its estimated GF Value™ of C$11.50.
GuruFocus considers Major Drilling Group International to be Modestly Overvalued.
Key valuation signals for TSX:MDI:
Market Cap: C$1,171.9 Mil
GF Value™: C$11.50 vs. price of C$14.25 (23.9% above fair value)
No single metric tells the full story. See the TSX:MDI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Major Drilling Group International Business Description
Major Drilling Group International Inc consists of contract drilling for companies mainly involved in mining and mineral exploration. The Company has operations in North America, South America, Australia, Asia, and Africa. Its services are Surface Drilling Services, and Underground Drilling Services. Its geographical segments are Canada - the United States; South and Central America; and Australasia and Africa, of which majority of its revenue comes from South and Central America.
89GF Score
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