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). Loop Industries's share price for the quarter that ended in Feb. 2024 was $3.14. Loop Industries's Shares Outstanding (EOP) for the quarter that ended in Feb. 2024 was 47.53 Mil. Therefore, Loop Industries's market cap for the quarter that ended in Feb. 2024 was $149.24 Mil.
Loop Industries's quarterly market cap
increased
from Aug. 2023 ($133.53 Mil) to Nov. 2023 ($166.83 Mil) but then
declined
from Nov. 2023 ($166.83 Mil) to Feb. 2024 ($149.24 Mil).
Loop Industries's annual market cap
declined
from Feb. 2022 ($328.87 Mil) to Feb. 2023 ($123.42 Mil) but then
increased
from Feb. 2023 ($123.42 Mil) to Feb. 2024 ($149.24 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. Loop Industries's Enterprise Value for Today is $113.31 Mil.
Loop Industries Market Cap Historical Data
The historical data trend for Loop Industries'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 Loop Industries's Market Cap
For the Specialty Chemicals subindustry, Loop Industries'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.
Loop Industries's Market Cap Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Loop Industries's Market Cap distribution charts can be found below:
* The bar in red indicates where Loop Industries's Market Cap falls into.
Loop Industries 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.
Loop Industries's Market Cap for the fiscal year that ended in Feb. 2024 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.
Loop Industries (NAS:LOOP) 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.
Loop Industries Market Cap Related Terms
Thank you for viewing the detailed overview of Loop Industries's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Loop Industries (Loop Industries) Business Description
Loop Industries Inc is a technology and licensing company whose mission is to accelerate the world's shift toward sustainable plastic and away from dependence on fossil fuels. The company owns patented and proprietary technology that depolymerizes no and low value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpet and polyester textile of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). Its monomers are filtered, purified and repolymerized to create virgin-quality Loop branded PET plastic resin and polyester fiber suitable for use in food-grade packaging to be sold to consumer goods companies to help them meet their sustainability objectives.
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