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). Encore Wire's share price for the quarter that ended in Dec. 2023 was $213.6. Encore Wire's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 16 Mil. Therefore, Encore Wire's market cap for the quarter that ended in Dec. 2023 was $3,335 Mil.
Encore Wire's quarterly market cap
declined
from Jun. 2023 ($3,119 Mil) to Sep. 2023 ($2,933 Mil) but then
increased
from Sep. 2023 ($2,933 Mil) to Dec. 2023 ($3,335 Mil).
Encore Wire's annual market cap
declined
from Dec. 2021 ($2,882 Mil) to Dec. 2022 ($2,495 Mil) but then
increased
from Dec. 2022 ($2,495 Mil) to Dec. 2023 ($3,335 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. Encore Wire's Enterprise Value for Today is $3,884 Mil.
Encore Wire Market Cap Historical Data
The historical data trend for Encore Wire'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 Encore Wire's Market Cap
For the Electrical Equipment & Parts subindustry, Encore Wire'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.
Encore Wire's Market Cap Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Encore Wire's Market Cap distribution charts can be found below:
* The bar in red indicates where Encore Wire's Market Cap falls into.
Encore Wire 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.
Encore Wire'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.
Encore Wire (NAS:WIRE) 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.
Encore Wire Market Cap Related Terms
Thank you for viewing the detailed overview of Encore Wire's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Encore Wire Corp is engaged in manufacturing electrical building wire and cable. It supplies building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments, and manufactured housing. The company's principal customers are wholesale electrical distributors, who sell building wire and a variety of other products to electrical contractors. Encore offers an electrical building wire product line that consists primarily of NM-B cable, UF-B cable, THHN/THWN-2, XHHW-2, RHH/RHW-2, and other types of wire products, including tray cable, metal-clad, and armored cable.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
WIRE has been successfully added to your 