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). Algoma Steel Group's share price for the quarter that ended in Dec. 2023 was $10.03. Algoma Steel Group's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 104 Mil. Therefore, Algoma Steel Group's market cap for the quarter that ended in Dec. 2023 was $1,044 Mil.
Algoma Steel Group's quarterly market cap
declined
from Jun. 2023 ($736 Mil) to Sep. 2023 ($705 Mil) but then
increased
from Sep. 2023 ($705 Mil) to Dec. 2023 ($1,044 Mil).
Algoma Steel Group's annual market cap
increased
from Mar. 2021 ($0 Mil) to Mar. 2022 ($1,665 Mil) but then
declined
from Mar. 2022 ($1,665 Mil) to Mar. 2023 ($837 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. Algoma Steel Group's Enterprise Value for Today is $835 Mil.
Algoma Steel Group Market Cap Historical Data
The historical data trend for Algoma Steel Group'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 Algoma Steel Group's Market Cap
For the Steel subindustry, Algoma Steel Group'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.
Algoma Steel Group's Market Cap Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Algoma Steel Group's Market Cap distribution charts can be found below:
* The bar in red indicates where Algoma Steel Group's Market Cap falls into.
Algoma Steel Group 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.
Algoma Steel Group's Market Cap for the fiscal year that ended in Mar. 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.
Algoma Steel Group (NAS:ASTL) 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.
Algoma Steel Group Market Cap Related Terms
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Algoma Steel Group (Algoma Steel Group) Business Description
Algoma Steel Group Inc is a Canadian company engaged in the production of clean and consistent light gauge steel. The company offers a range of hot and cold rolled steel sheet and plate products. The firm operates in a single segment of basic steel production including sheets, plates, slabs, and freights. The Company's revenue is generated from contracts to produce, ship, and deliver steel products Geographically it serves Canada, the United States, and the rest of the world, whilst driving key revenue from domestic sales. The company generates the majority of its revenue from the sale of Steel sheets and strips.
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