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). Absa Group's share price for the quarter that ended in Jun. 2023 was $18.47. Absa Group's Shares Outstanding (EOP) for the quarter that ended in Jun. 2023 was 415 Mil. Therefore, Absa Group's market cap for the quarter that ended in Jun. 2023 was $7,661 Mil.
Absa Group's quarterly market cap
increased
from Jun. 2022 ($7,787 Mil) to Dec. 2022 ($9,495 Mil) but then
declined
from Dec. 2022 ($9,495 Mil) to Jun. 2023 ($7,661 Mil).
Absa Group's annual market cap
increased
from Dec. 2020 ($6,734 Mil) to Dec. 2021 ($8,087 Mil) and
increased
from Dec. 2021 ($8,087 Mil) to Dec. 2022 ($9,495 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. Absa Group's Enterprise Value for Today is $14,706 Mil.
Absa Group Market Cap Historical Data
The historical data trend for Absa 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.
For the Banks - Regional subindustry, Absa 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.
Absa Group's Market Cap Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Absa Group's Market Cap distribution charts can be found below:
* The bar in red indicates where Absa Group's Market Cap falls into.
Absa 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.
Absa Group's Market Cap for the fiscal year that ended in Dec. 2022 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.
Absa Group (OTCPK:AGRPY) 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.
Absa Group Market Cap Related Terms
Thank you for viewing the detailed overview of Absa Group's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Absa Group Ltd is a financial services company that has five main business segments: Product Solutions Cluster, Everyday Banking, Relationship Banking, Absa Regional Operations RBB (ARO RBB), CIB, & Head Office, Treasury, and other operations. The majority is from the Corporate and Investment Bank (CIB) segment which includes prioritized new-to-bank clients across key growth and priority sectors. CIB continued to up-sell and cross-sell new products and services to existing clients. Geographically, the majority is from South Africa.
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