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). Tree Island Steel's share price for the quarter that ended in Mar. 2024 was $2.61. Tree Island Steel's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 27.1 Mil. Therefore, Tree Island Steel's market cap for the quarter that ended in Mar. 2024 was $70.7 Mil.
Tree Island Steel's quarterly market cap
increased
from Sep. 2023 ($66.3 Mil) to Dec. 2023 ($70.8 Mil) but then
declined
from Dec. 2023 ($70.8 Mil) to Mar. 2024 ($70.7 Mil).
Tree Island Steel's annual market cap
declined
from Dec. 2021 ($108.1 Mil) to Dec. 2022 ($69.6 Mil) but then
increased
from Dec. 2022 ($69.6 Mil) to Dec. 2023 ($70.8 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. Tree Island Steel's Enterprise Value for Today is $63.3 Mil.
Tree Island Steel Market Cap Historical Data
The historical data trend for Tree Island Steel'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 Tree Island Steel's Market Cap
For the Steel subindustry, Tree Island Steel'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.
Tree Island Steel's Market Cap Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Tree Island Steel's Market Cap distribution charts can be found below:
* The bar in red indicates where Tree Island Steel's Market Cap falls into.
Tree Island Steel 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.
Tree Island Steel'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.
Tree Island Steel (OTCPK:TWIRF) 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.
Tree Island Steel Market Cap Related Terms
Thank you for viewing the detailed overview of Tree Island Steel's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Tree Island Steel (Tree Island Steel) Business Description
Tree Island Steel Ltd operates in the steel business. It is engaged in the manufacturing and sale of steel wire and related products for a range of applications. It offers products such as bulk nails, stucco reinforcing products, concrete reinforcing mesh, fencing, and other fabricated wire products. The firm groups its products into the following: Industrial, Commercial, Agricultural, Construction, and Residential Construction. Key revenue is derived from the Industrial segment. The products are offered under Tree Island, Halsteel, K-Lath, True spec, Toughstrand, and Stucco-rite brands. Geographically the firm has its business presence across the region of the United States, Canada, and other regions, of which the United States region accounts for the majority share of the revenue.
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