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). MGIC Investment's share price for the quarter that ended in Dec. 2023 was $19.29. MGIC Investment's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 272 Mil. Therefore, MGIC Investment's market cap for the quarter that ended in Dec. 2023 was $5,256 Mil.
MGIC Investment's quarterly market cap
increased
from Jun. 2023 ($4,475 Mil) to Sep. 2023 ($4,664 Mil) and
increased
from Sep. 2023 ($4,664 Mil) to Dec. 2023 ($5,256 Mil).
MGIC Investment's annual market cap
declined
from Dec. 2021 ($4,619 Mil) to Dec. 2022 ($3,815 Mil) but then
increased
from Dec. 2022 ($3,815 Mil) to Dec. 2023 ($5,256 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. MGIC Investment's Enterprise Value for Today is $5,753 Mil.
MGIC Investment Market Cap Historical Data
The historical data trend for MGIC Investment'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 MGIC Investment's Market Cap
For the Insurance - Specialty subindustry, MGIC Investment'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.
MGIC Investment's Market Cap Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, MGIC Investment's Market Cap distribution charts can be found below:
* The bar in red indicates where MGIC Investment's Market Cap falls into.
MGIC Investment 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.
MGIC Investment'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.
MGIC Investment (NYSE:MTG) 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.
MGIC Investment Market Cap Related Terms
Thank you for viewing the detailed overview of MGIC Investment's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
MGIC Investment (MGIC Investment) Business Description
MGIC Investment Corp provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The insurance premiums that these customers pay for the protection accounts for close to majority of the company's total revenue. Investment income accounts for the remaining revenue. The company sells its insurance products in all 50 states of the United States and in Puerto Rico. Its greatest exposure is in California, Florida, Texas, Pennsylvania, Ohio, Illinois, Virginia, North Carolina, Georgia and New York.
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