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). Franklin Resources's share price for the quarter that ended in Dec. 2023 was $29.79. Franklin Resources's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 495 Mil. Therefore, Franklin Resources's market cap for the quarter that ended in Dec. 2023 was $14,738 Mil.
Franklin Resources's quarterly market cap
declined
from Jun. 2023 ($13,329 Mil) to Sep. 2023 ($12,190 Mil) but then
increased
from Sep. 2023 ($12,190 Mil) to Dec. 2023 ($14,738 Mil).
Franklin Resources's annual market cap
declined
from Sep. 2021 ($14,914 Mil) to Sep. 2022 ($10,751 Mil) but then
increased
from Sep. 2022 ($10,751 Mil) to Sep. 2023 ($12,190 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. Franklin Resources's Enterprise Value for Today is $21,031 Mil.
Franklin Resources Market Cap Historical Data
The historical data trend for Franklin Resources'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 Franklin Resources's Market Cap
For the Asset Management subindustry, Franklin Resources'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.
Franklin Resources's Market Cap Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Franklin Resources's Market Cap distribution charts can be found below:
* The bar in red indicates where Franklin Resources's Market Cap falls into.
Franklin Resources 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.
Franklin Resources'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.
Franklin Resources (NYSE:BEN) 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.
Franklin Resources Market Cap Related Terms
Thank you for viewing the detailed overview of Franklin Resources's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Franklin Resources (Franklin Resources) Business Description
Franklin Resources provides investment services for individual and institutional investors. At the end of October 2023, Franklin had $1.335 trillion in managed assets, composed primarily of equity (31%), fixed-income (35%), multi-asset/balanced (11%) funds, alternatives (19%) and money market funds (4%). Distribution tends to be weighted equally between retail investors (50% of AUM) and institutional accounts (48%), with high-net-worth clients accounting for the remainder. Franklin is one of the more global of the U.S.-based asset managers we cover, with more than a third of its assets under management invested in global/international strategies and 29% of managed assets sourced from clients domiciled outside the United States.
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