Ballard Power Systems's quarterly market cap
increased
from Sep. 2025 (CHF0.00 Mil) to Dec. 2025 (CHF622.62 Mil) but then
declined
from Dec. 2025 (CHF622.62 Mil) to Mar. 2026 (CHF572.80 Mil).
Ballard Power Systems's annual market cap
stayed the same
from Dec. 2023 (CHF0.00 Mil) to Dec. 2024 (CHF0.00 Mil) but then
increased
from Dec. 2024 (CHF0.00 Mil) to Dec. 2025 (CHF622.62 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. Ballard Power Systems's Enterprise Value for Today is CHF616.91 Mil.
Ballard Power Systems (XSWX:BLDP) 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.
* 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 Electrical Equipment & Parts subindustry, Ballard Power Systems'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.
Ballard Power Systems Market Cap vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ballard Power Systems's Market Cap distribution charts can be found below:
* The bar in red indicates where Ballard Power Systems's Market Cap falls into.
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.
Ballard Power Systems's Market Cap for the fiscal year that ended in Dec. 2025 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.
Ballard Power Systems (XSWX:BLDP) has a Market Cap of CHF1,021.31 Mil as of Jun. 24, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Ballard Power Systems and its competitors. According to the industry distribution chart, Ballard Power Systems ranks #708 out of 3100 companies in the Industrial Products industry, placing it in the top 22.8%.
Is Ballard Power Systems' Market Cap too high?
Ballard Power Systems' current Market Cap is CHF1,021.31 Mil. Based on the distribution chart, Ballard Power Systems ranks #708 out of 3100 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Ballard Power Systems has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Ballard Power Systems' Market Cap compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ballard Power Systems ranks #708 out of 3100 companies for Market Cap. This places Ballard Power Systems in the top 23% of its industry — outperforming the majority of peers. The industry median Market Cap is 288.64. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for an Industrial Products company?
The median Market Cap among Industrial Products companies is 288.64, based on 3,100 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Ballard Power Systems and its competitors. For the Industrial Products industry, the median Market Cap is 288.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ballard Power Systems's current Market Cap is CHF1,021.31 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ballard Power Systems stock overvalued right now?
Ballard Power Systems (XSWX:BLDP) has a current Market Cap of CHF1,021.31 Mil. The stock's GF Value™ is CHF2.32, compared to a current price of CHF3.36 — trading 44.8% above its estimated fair value. The current Market Cap is CHF1,021.31 Mil. Ballard Power Systems' overall GF Score™ is 69/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Ballard Power Systems (XSWX:BLDP), the current Market Cap is CHF1,021.31 Mil as of Jun. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ballard Power Systems (XSWX:BLDP) Overvalued in 2026?
Based on GuruFocus' analysis, Ballard Power Systems stock appears to be overvalued.
The current stock price of CHF3.36 is trading 44.8% above its estimated GF Value™ of CHF2.32.
Key valuation signals for XSWX:BLDP:
Market Cap: CHF1,021.31 Mil
GF Value™: CHF2.32 vs. price of CHF3.36 (44.8% above fair value)
No single metric tells the full story. See the XSWX:BLDP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ballard Power Systems Inc is engaged in design, development, manufacture, sale and service of proton exchange membrane ("PEM") fuel cell products for a variety of applications, focusing on power products for bus, truck, rail, marine, stationary and emerging market (material handling, off-road and other) applications, as well as the delivery of services, including technology solutions, after sales services and training. A fuel cell is an environmentally clean electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity. Key geographical revenue is derived from United States followed by Poland, Canada, and other countries.
69GF Score
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