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). Evolent Health's share price for the quarter that ended in Mar. 2024 was $32.79. Evolent Health's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 115 Mil. Therefore, Evolent Health's market cap for the quarter that ended in Mar. 2024 was $3,760 Mil.
Evolent Health's quarterly market cap
increased
from Sep. 2023 ($3,084 Mil) to Dec. 2023 ($3,762 Mil) but then
declined
from Dec. 2023 ($3,762 Mil) to Mar. 2024 ($3,760 Mil).
Evolent Health's annual market cap
increased
from Dec. 2021 ($2,469 Mil) to Dec. 2022 ($2,807 Mil) and
increased
from Dec. 2022 ($2,807 Mil) to Dec. 2023 ($3,762 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. Evolent Health's Enterprise Value for Today is $3,148 Mil.
Evolent Health Market Cap Historical Data
The historical data trend for Evolent Health'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 Evolent Health's Market Cap
For the Health Information Services subindustry, Evolent Health'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.
Evolent Health's Market Cap Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Evolent Health's Market Cap distribution charts can be found below:
* The bar in red indicates where Evolent Health's Market Cap falls into.
Evolent Health 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.
Evolent Health'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.
Evolent Health (NYSE:EVH) 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.
Evolent Health Market Cap Related Terms
Thank you for viewing the detailed overview of Evolent Health's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Evolent Health (Evolent Health) Business Description
Evolent Health Inc is engaged in healthcare delivery and payment. The company supports health systems and physician organizations in their migration toward value-based care and population health management. The company's two reportable segments: EHS and Clinical Solutions. The Company's EHS segment provides an integrated administrative and clinical platform for health plan administration and value-based business infrastructure and clinical Solutions segment addresses a broad spectrum of clinical needs, with tailored solutions for specialty care management in oncology and cardiology and increasingly the musculoskeletal markets and holistic total cost of care improvement. It generates a majority of its revenue from Clinical Solutions segment.
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