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). ITC Holdings's share price for the quarter that ended in Jun. 2016 was $46.82. ITC Holdings's Shares Outstanding (EOP) for the quarter that ended in Jun. 2016 was 153 Mil. Therefore, ITC Holdings's market cap for the quarter that ended in Jun. 2016 was $7,181 Mil.
ITC Holdings's quarterly market cap
increased
from Dec. 2015 ($5,993 Mil) to Mar. 2016 ($6,656 Mil) and
increased
from Mar. 2016 ($6,656 Mil) to Jun. 2016 ($7,181 Mil).
ITC Holdings's annual market cap
increased
from Dec. 2013 ($5,031 Mil) to Dec. 2014 ($6,272 Mil) but then
declined
from Dec. 2014 ($6,272 Mil) to Dec. 2015 ($5,993 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. ITC Holdings's Enterprise Value for Today is $6,978 Mil.
ITC Holdings Market Cap Historical Data
The historical data trend for ITC Holdings'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 ITC Holdings's Market Cap
For the Utilities - Regulated Electric subindustry, ITC Holdings'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.
ITC Holdings's Market Cap Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, ITC Holdings's Market Cap distribution charts can be found below:
* The bar in red indicates where ITC Holdings's Market Cap falls into.
ITC Holdings 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.
ITC Holdings's Market Cap for the fiscal year that ended in Dec. 2015 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.
ITC Holdings (NYSE:ITC) 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.
ITC Holdings Market Cap Related Terms
Thank you for viewing the detailed overview of ITC Holdings's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
ITC Holdings Corp was incorporated in 2002 in the State of Michigan for the purpose of acquiring ITC Transmission. The Company, along with its subsidiaries, is engaged in transmission of electricity in the United States. Through its operating subsidiaries, ITCTransmission, METC, ITC Midwest and ITC Great Plains, it operates high-voltage systems in Michigan's Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma that transmit electricity from generating stations to local distribution facilities connected to its systems. The Company operates, maintains and invests in transmission infrastructure in order to enhance system integrity and reliability, reduces transmission constraints and allows new generating resources to interconnect to its transmission systems. Its Regulated Operating Subsidiaries are independent electric transmission utilities, with rates regulated by the FERC and established on a cost-of-service model. The Company's Regulated Operating Subsidiaries earns revenues through tariff rates charged for the use of their electric transmission systems by its customers, which include investor-owned utilities, municipalities, cooperatives, power marketers and alternative energy suppliers. The Company's operations are subject to federal, state and local environmental laws and regulations, which impose limitations on the discharge of pollutants into the environment, establish standards for the management, treatment, storage, transportation and disposal of hazardous materials and of solid and hazardous wastes, and impose obligations to investigate and remediate contamination in certain circumstances.
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