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). MEG Energy's share price for the quarter that ended in Dec. 2023 was C$23.67. MEG Energy's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 275 Mil. Therefore, MEG Energy's market cap for the quarter that ended in Dec. 2023 was C$6,501 Mil.
MEG Energy's quarterly market cap
increased
from Jun. 2023 (C$5,997 Mil) to Sep. 2023 (C$7,487 Mil) but then
declined
from Sep. 2023 (C$7,487 Mil) to Dec. 2023 (C$6,501 Mil).
MEG Energy's annual market cap
increased
from Dec. 2021 (C$3,590 Mil) to Dec. 2022 (C$5,487 Mil) and
increased
from Dec. 2022 (C$5,487 Mil) to Dec. 2023 (C$6,501 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. MEG Energy's Enterprise Value for Today is C$10,006 Mil.
MEG Energy Market Cap Historical Data
The historical data trend for MEG 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 E&P subindustry, MEG 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.
MEG Energy's Market Cap Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, MEG Energy's Market Cap distribution charts can be found below:
* The bar in red indicates where MEG Energy's Market Cap falls into.
MEG Energy 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.
MEG Energy'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.
MEG Energy (TSX:MEG) 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.
MEG Energy Market Cap Related Terms
Thank you for viewing the detailed overview of MEG Energy's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
MEG Energy Corp is an energy company focused on sustainable in situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. MEG transports and sells thermal oil (known as Access Western Blend or AWB) to customers throughout North America and internationally.
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