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). Warner Music Group's share price for the quarter that ended in Dec. 2023 was $35.79. Warner Music Group's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 518 Mil. Therefore, Warner Music Group's market cap for the quarter that ended in Dec. 2023 was $18,530 Mil.
Warner Music Group's quarterly market cap
increased
from Jun. 2023 ($13,462 Mil) to Sep. 2023 ($16,202 Mil) and
increased
from Sep. 2023 ($16,202 Mil) to Dec. 2023 ($18,530 Mil).
Warner Music Group's annual market cap
declined
from Sep. 2021 ($21,985 Mil) to Sep. 2022 ($11,950 Mil) but then
increased
from Sep. 2022 ($11,950 Mil) to Sep. 2023 ($16,202 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. Warner Music Group's Enterprise Value for Today is $20,637 Mil.
Warner Music Group Market Cap Historical Data
The historical data trend for Warner Music Group'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 Warner Music Group's Market Cap
For the Entertainment subindustry, Warner Music Group'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.
Warner Music Group's Market Cap Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Warner Music Group's Market Cap distribution charts can be found below:
* The bar in red indicates where Warner Music Group's Market Cap falls into.
Warner Music Group 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.
Warner Music Group's Market Cap for the fiscal year that ended in Sep. 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.
Warner Music Group (NAS:WMG) 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.
Warner Music Group Market Cap Related Terms
Thank you for viewing the detailed overview of Warner Music Group's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Warner Music Group (Warner Music Group) Business Description
Warner Music Group is the third largest of the three major global record labels, with Vivendi's Universal Music in first and Sony Music in second. Warner's larger segment, recorded music, consists of iconic labels like Atlantic Records, Warner Records, and Parlophone Records and popular artists such as Ed Sheeran, Cardi B, Dua Lipa, and Blake Shelton. Warner Chappell, the firm's publishing arm, is the home to over 65,000 composers and songwriters with over 1 million copyrights represented. Warner is controlled by Access Industries, which owns an 84% economic interest and 99% of voting rights.
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