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). Polar Power's share price for the quarter that ended in Mar. 2024 was $0.555. Polar Power's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 17.56 Mil. Therefore, Polar Power's market cap for the quarter that ended in Mar. 2024 was $9.75 Mil.
Polar Power's quarterly market cap
declined
from Sep. 2023 ($14.37 Mil) to Dec. 2023 ($7.15 Mil) but then
increased
from Dec. 2023 ($7.15 Mil) to Mar. 2024 ($9.75 Mil).
Polar Power's annual market cap
declined
from Dec. 2021 ($45.78 Mil) to Dec. 2022 ($16.70 Mil) and
declined
from Dec. 2022 ($16.70 Mil) to Dec. 2023 ($7.15 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. Polar Power's Enterprise Value for Today is $16.87 Mil.
Polar Power Market Cap Historical Data
The historical data trend for Polar Power'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 Polar Power's Market Cap
For the Electrical Equipment & Parts subindustry, Polar Power'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.
Polar Power's Market Cap Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Polar Power's Market Cap distribution charts can be found below:
* The bar in red indicates where Polar Power's Market Cap falls into.
Polar Power 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.
Polar Power'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.
Polar Power (NAS:POLA) 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.
Polar Power Market Cap Related Terms
Thank you for viewing the detailed overview of Polar Power's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Polar Power Inc is engaged in designing, manufacture, and sell DC power generators, renewable energy and cooling systems for applications primarily in the telecommunications market and, to a lesser extent, in other markets, including military, electric vehicle, marine and industrial. The company's products include DC generators, Back-up DC generators, hybrid power systems, Li-Ion battery systems, and Marine DC generators. The Companie's geographical presence is in United States, Canada, Mexico, South Pacific Islands, Japan, Europe and Middle East and Other Asia Pacific countries.
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