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GuruFocus has detected 7 Warning Signs with Toro Co $TTC.
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Toro Co (NYSE:TTC)
Market Cap (M)
$7,150 Mil (As of Today)

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 (end-of-period, EOP). Toro Co's share price for the quarter that ended in Jan. 2017 was $58.93. Toro Co's shares outstanding (EOP) for the quarter that ended in Jan. 2017 was 108 Mil. Therefore, Toro Co's market cap for the quarter that ended in Jan. 2017 was $6,377 Mil.

Toro Co's quarterly market cap increased from Jul. 2016 ($5,025 Mil) to Oct. 2016 ($5,192 Mil) and increased from Oct. 2016 ($5,192 Mil) to Jan. 2017 ($6,377 Mil).

Toro Co's annual market cap increased from Oct. 2014 ($3,438 Mil) to Oct. 2015 ($4,114 Mil) and increased from Oct. 2015 ($4,114 Mil) to Oct. 2016 ($5,192 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. Toro Co's enterprise value for Today is $7,161 Mil.


Definition

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.

Toro Co's Market Cap for the fiscal year that ended in Oct. 2016 is calculated as

Market Cap (A: Oct. 2016 )=Share Price (A: Oct. 2016 )*Shares Outstanding (EOP) (A: Oct. 2016 )
=47.88*108.43
=5,192

Toro Co's Market Cap for the quarter that ended in Jan. 2017 is calculated as

Market Cap (Q: Jan. 2017 )=Share Price (Q: Jan. 2017 )*Shares Outstanding (EOP) (Q: Jan. 2017 )
=58.93*108.21
=6,377

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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 company’s 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.


Related Terms

Shares Outstanding (EOP)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Toro Co Annual Data

Oct07Oct08Oct09Oct10Oct11Oct12Oct13Oct14Oct15Oct16
mktcap 2,1131,1951,2361,7821,6002,4603,3473,4384,1145,192

Toro Co Quarterly Data

Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17
mktcap 3,4383,6353,7053,7474,1144,0924,7355,0255,1926,377
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