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). Titan International's share price for the quarter that ended in Dec. 2023 was $14.88. Titan International's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 61 Mil. Therefore, Titan International's market cap for the quarter that ended in Dec. 2023 was $903 Mil.
Titan International's quarterly market cap
increased
from Jun. 2023 ($720 Mil) to Sep. 2023 ($829 Mil) and
increased
from Sep. 2023 ($829 Mil) to Dec. 2023 ($903 Mil).
Titan International's annual market cap
increased
from Dec. 2021 ($728 Mil) to Dec. 2022 ($963 Mil) but then
declined
from Dec. 2022 ($963 Mil) to Dec. 2023 ($903 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. Titan International's Enterprise Value for Today is $1,059 Mil.
Titan International Market Cap Historical Data
The historical data trend for Titan International'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.
Competitive Comparison of Titan International's Market Cap
For the Farm & Heavy Construction Machinery subindustry, Titan 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.
Titan International's Market Cap Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Titan International's Market Cap distribution charts can be found below:
* The bar in red indicates where Titan International's Market Cap falls into.
Titan 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.
Titan International'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.
Titan International (NYSE:TWI) 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.
Titan International Market Cap Related Terms
Thank you for viewing the detailed overview of Titan International's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Titan International (Titan International) Business Description
Titan International Inc is a manufacturer of wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles. The company operates through three segments namely Agricultural, Earthmoving/Construction, and Consumer. Geographically, business of the group can be seen in the United States, Europe / CIS, Latin America and Other international. Titan derives most of the revenue from Agricultural segment which manufacture various agricultural equipment, including tractors, combines, plows, planters and irrigation equipment, and are sold directly to original equipment manufacturers and to the aftermarket through independent distributors, equipment dealers and Titan's own distribution centers.
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