tp安卓版官网下载|market cap

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2024-03-15 10:53:56

股票市值_百度百科

_百度百科网页新闻贴吧知道网盘图片视频地图文库资讯采购百科百度首页登录注册进入词条全站搜索帮助首页秒懂百科特色百科知识专题加入百科百科团队权威合作下载百科APP个人中心股票市值播报讨论上传视频股票在市场上的交易价格收藏查看我的收藏0有用+10股票市值亦称“股票市价”，股票在市场上的交易价格。股票市值是在股票市场上通过买卖双方的竞争买卖形成的，是买卖双方均认可的成交价格。决定和影响股票市值高低的因素较多，主要有股票面值、净值、真值和市场供求关系等。一般讲，股票市值是以面值为参考起点，以股票净值和真值为依据，在市场供求关系的变动之中形成的。其中，股票值、真值与股票市值是同方向变化的，净值、真值上升的股票，其市值必然会提高; 而市场供求关系主要是指资金的供求和股票本身的供求状况。比如市场上资金供给比较充足，买进股票的资金力量强，股票市值就会上升; 反之，若股票市场上资金供给紧张，资金需求增大，买进股票的资金力量变弱而卖出股票的人增多，股票的市值则会下跌。再如，在市场资金关系不变的情况下，当股票供给数量增加而需求相对较少时，股票市值容易下降; 反之则容易抬高。另外，市场利率、币值稳定程度、社会政治经济形势及人们的心理因素等都对股票市值的变动产生重要影响。 [1]中文名股票市值外文名Market Capitalization别名股票市价简称Market Cap性质一种度量公司资产规模的方式决定因素股价，股本目录1简介2市值3举例说明4股票指数5市值管理6市值配售7市值调整简介播报编辑市值（Market Capitalization，简称 Market Cap）是一种度量公司资产规模的方式，数量上等于该公司当前的股票价格乘以该公司所有的普通股数量。市值通常可以用来作为收购某公司的成本评估，市值的增长通常作为一个衡量该公司经营状况的关键指标。市值也会受到非经营性因素的影响而产生变化，例如收购和回购。 [2]市值播报编辑市值即为股票的市场价值，亦可以说是股票的市场价格计算出来的总价值，它包括股票的发行价格和交易买卖价格。股票的市场价格是由市场决定的。股票的面值和市值往往是不一致的。股票价格可以高于面值，也可以低于面值，但股票第一次发行的价格一般不低于面值。股票价格取决于预期股息的多少，银行利息率的高低，及股票市场的供求关系。股票市场是一个波动的市场，股票市场价格亦是不断波动的。股票的市场交易价格主要有：开市价，收市价，最高价，最低价。收市价是最重要的，是研究分析股市以及抑制股票市场行情图表采用的基本数据。 [3]举例说明播报编辑如某一投资组合的总市值，就是按某一时刻的价格计算出来的所有股票的市值总和。如投资组合（A、B、C、D，1、1、1、5），现股票A、B、C、D的价格分别为1.5元、3元、6元和2元，则这个投资组合的市值为：1.5×1+3×1+6×1+2×5=20.5（元）一个股市的总市值，就是按某一日的收盘价格计算出来的所有股票的市值之和。为了以后表述的方便，现约定将一个投资组合在t时的市值表达成函数的形式Ft（A、B、C、D…，N1、N2、N3、N4…），其中A、B、C、D等是股票的名称，N1、N2、N3、N4等是所选股票的权数。定理：在股票投资中，若投资组合相同，则投资收益率相等。设在N日以投资组合（A、B、C、D…，N1、N2、N3、N4…）购入股票，P日将其抛出，其投资收益率R为：R=（P日卖出时的价值－N日买入的价值）/N日买入的价值=（FP（A、B、C、D…，N1、N2、N3、N4…）－Fn（A、B、C、D…，N1、N2、N3、N4…））/Fn（A、B、C、D…，N1、N2、N3、N4…）当一个投资组合的权数都是另一个投资组合权数的K倍时，前者的市值是后者的K倍。在上式中，分子分母都乘以K，其数值仍然相等。有了投资组合及市值的概念以后就比较容易理解股票指数。 [4]股票指数播报编辑在一般证券书刊中，股票指数的表达式为：股票指数=系数×（某些股票即时市值之和）/基准日的市值某些股票的即时市值，实质就是一个投资组合的即时市值。为表述的方便，以后都将计入指数的这个投资组合称为指数投资组合，将其在t时的市值定义为Zt（A、B、C、D…，N1、N2、N3、N4…），其中A、B、C、D…等是股票名称，N1、N2、N3、N4…等是权数。在上式中，基准日的市值及系数都是常数，可以合为系数K。则某一时刻t的股票指数ZSt的数学表达式为：ZSt=K×Zt（A、B、C、D…，N1、N2、N3、N4…）（1）即时股票指数=系数K×指数投资组合的即时市值（2）商务印书馆《英汉证券投资词典》解释：市值 capitalization，market capitalization。亦作：总市值。名。不可数。美国英语。英国英语为：capitalisation。缩写为：cap。公司资产的市场价值，即公司现有股份数额乘以每股市场价值。如某公司发行股票1亿股，每股的市场价值为15元，公司的总市值为15亿元。市值是投资者选择投资品种的一个重要指标，市场上的股票根据市值规模分为大盘、中盘、小盘等。另为：estimated market cap；market cap。 [4]市值管理播报编辑市值管理是建立在价值管理基础上的，是价值管理的延伸。价值管理主要致力于价值创造，而市值管理不仅要致力于价值创造，还要进行价值实现。价值管理是基于公司股东价值最大化的管理体制，是强调价值创造的管理体制。企业集中于股东价值创造可以有效地平衡不同利益相关者之间相互冲突的利益。也就是说股东回报是首要的，因为只有保证股东能得到足够的回报，公司才能受到资本市场的关注，获得维持发展的资金。而其他利益相关者才能从公司的持续发展中受益。 [5]市值管理是建立在价值管理基础上的，是价值管理的延伸。价值管理主要致力于价值创造，而市值管理不仅要致力于价值创造，还要进行价值实现。价值管理是基于公司股东价值最大化的管理体制，是强调价值创造的管理体制。企业集中于股东价值创造可以有效地平衡不同利益相关者之间相互冲突的利益。也就是说股东回报是首要的，获得维持发展的资金。而其他利益相关者才能从公司的持续发展中受益。市值是上市公司股本乘以股价之积(市值=股本×股价)股价是个变量，瞬息万变，它直接传导市场的真实波动，在股本可比的情况下，市值因股价的涨跌而增减。因此，市值的变化要看市场的脸色。在估值能力强有效的成熟市场里，市值是上市公司投资价值的具体体现，等于上市公司全体股东的财富价值。但在中国这种弱有效市场中，股本×股价之积只是市值的外在表现，市值的内在本质在于它是公司综合素质或价值的集中体现。证券投资学理论告诉人们，有两大因素影响股价：一是内因，即股票的内在价值；一是外因，即市场对股票内在价值的发现和认同。前者是本，因为价格是价值的体现。好的价值，理论上来说，就会有一个好的价格；反之，没有好的价值，就难有好的价格，即便出现了好价格，由于没有价值的支撑，也不可能持久。然而，后者也是影响股价的重要因素。由于市场这只无形之手，它有自己的估值标准、涨跌周期和行为偏好，加上信息不对称因素，所以同样价值的股票在市场上，可以有溢价和折价之分。市值差别=股价差别(如股本不变)市值的大小的确与股价涨跌密切相关；但真正决定市值的不是股价，而是股价背后、影响股价的深层价值因素(盈利能力、成长前景、行业地位、团队素质、治理结构、运营规范、战略思路、投资者关系)，人们不能仅仅将市值的大小由股价的高低来确定，还应该看看公司的深层因素。市值管理=股价管理(甚至股价操纵)市值管理的确需要关注股价，但关注决不等于直接管理甚至操纵。因为股价由市场形成，不能、不可、也不容许管理。从这个角度说，市值管理是价值管理，重心在决定价格基础的价值上。市值管理=迎合市场(市场主力)市值管理需要考虑市场因素(周期、规律、市场人气、投资偏好、估值标准等)，但考虑市场因素决不等于迎合市场。不迎合≠不理睬；你不理市值，市值不理你；市值管理是必修之课；市值管理要遵循市场规律，贵在因势利导。市值管理=追求股价的最高化股价上扬的确对提升市值有直接影响，但股价最高化决非市值管理追求的目的；公司和股东价值最大化也不等于股价最高化。价值管理发端于成熟资本市场企业价值最大化理论，人们可以把价值管理定义为“企业通过各种手段实现尽可能高于投资者投资成本之资本收益”。价值管理是通过科学专业的方法与工具提高股东收益―― 这一收益将主要反映在企业股票市值上。公司价值之体现，涉及公司战略、公司理财、公司治理、投资者关系4个方面的内容。而这4方面，又可细化出若干涉及企业方方面面的管理课题。与单纯追求高股价相比，上市公司良好的价值管理更应该体现在能够得到资本市场广泛认同方面，机构投资者、中小投资者要认同公司的理念、内在价值，市场要认同公司能够保持业绩持续增长、维持估值目标。上市公司　作为中国资本市场的基础性变革，股权分置改革的完成标志替全流通时代已经到来。在这个全新的制度环境中，所有上市公司都将面临一个问题：如何有效管理市值，如何有效激励管理层。市值管理是公司经营哲学和经营理念的深刻转型，这个转型的核心内容是企业经营的目标从利润最大化向企业价值最大化过渡。在成熟市场经济和国际惯例里，企业价值最大化(即市值最大化)已经成为公司经营的最高目标和体现经营绩效的综合性指标。传统的“利润最大化”成为一个追求市值最大化的过渡性指标。这种经营目标的转型．将引发经营思维、经营内容、公司治理、业绩考核、管理层激励等方面的一系列变化。在股权分置情况下，当非流通股价格无法以流通价衡量时。非流通股股东倾向于以净资产最大化而非市值最大化为目标。国有上市公司出于资产保值、增值的考虑，更是普遍选择了将净资产作为国有企业考核体系的核心因素。股改完成后，国有股获得流通并体现出市场价格。股东价值取向逐渐趋于一致，企业价值的考核方式也在适时进行调整。现在将市值作为重要指标纳入考核，有利于引导上市公司管理层关心公司市值变化，致力于实现公司价值最大化。继股权激励后，国贤委提出市值考核并不是偶然的，本质上是一个事物的两个方面：双轮驱动管理层努力实现公司价值最大化。资本市场全流通使所有股票都获得了上市流通的权利，实现了“同股同价同权”，为上市公司市值反映公司内在价值搭建了一个良好的平台。投资者可以根据自己的预期对上市公司价值进行评估，得到一个其所偏好的市场价值，然后根据上市公司市值的表现来决定是买人还是卖出，股票市场价格发现功能开始恢复。近几年来，中国股市中机构投资者的规模迅速增加．其在资本市场中的比重在2005年底已提高到25%，这改善了中国股市上的投资者构成，使整个证券交易市场上的投资者行为趋于理性，对上市公司的估值更接近于实际价值。由于所有股票都能够在二级市场上流动，敌意收购的可能性将会增加。敌意收购指收购方在目标公司不情愿的情况下，通过大量购买目标公司股票取得控股权的收购行为。市值被低估的上市公司最容易成为敌意收购者的目标。有时收购者目的是通过敌意收购扩大自己业务范围，提高自身影响力。但更常见的是，在上市公司市值低估时低价购买公司，然后在市值恢复正常时卖出，从中赚取超额收益。这种做法会影响到上市公司正常经营活动，不利于上市公司长远发展。而且，敌意收购忽略了管理层的意见，对公司内部来说是不受欢迎的。因此．上市公司有动力进行市值管理．避免其市值被低估。宏观经济　在股权分置条件下，因为股票价格不能准确反映上市公司的真实价值，股市作为宏观经济晴雨表的功能被扭曲。近年来．虽然中国GDP一直高速增长．股市表现却不尽如人意，出现与宏观经济走势相悖的怪现象。全流通后，伴随着股票市场价格发现功能的恢复，股票市场中的市值表现将真正成为公司、行业、乃至整个宏观经济发展状况的反映。市值管理同时也会给宏观经济带来一定的影响。首先，随着投资者对股市信心的恢复，会有一部分资金从银行流入股市．股票市场上的资本量增加．上市公司的融资渠道扩大，融资成本降低。其次，股市资本配置功能逐渐完善，投资者根据自己的预期在不同行业间投资．这就能通过市场的力量完成资本配置。微观经济学原理表明，市场的配置是最有效率的。它能够确保资本在不同行业间合理分配以实现收益最大化，那些最有发展潜力的行业将能够吸引更多的资金。市值管理给资本市场带来的变化将促进公司间的发展和竞争，从而推动整个宏观经济健康发展。存在问题　全流通是中国股市建立以来意义最为深远的一次变革。股市基本功能开始健全，投资者信心得以恢复。但由于中国股市发展还不够完善．市值管理还存在一些问题。其根本问题是，中国股市是一个弱有效市场．上市公司市值变化难以迅速准确地反映其内在价值的变化。一个完善的股票市场需要有资金参与，需要有大型上市公司作为标的，需要富有弹性的价格机制，需要有良好的信息传递机制以及大量理性投资者虽然股权分置改革以来，中国股市在这些方面有了很大提高，但与发达资本市场相比还存在着很大差距。全流通带来的利好消息吸引了大量资金进入股市，扩充了市场容量，市场定价机制在逐渐恢复。同时，由于股市上机构投资者比例提高，市场上的投资者行为呈现出较强的理性色彩。全流通给市场带带了很大变化，使市场逐渐走向成熟，股市基本功能开始恢复，但仅仅依靠市场的手段是难以解决所有问题的。国家有关部门要完善立法，规范投资者行为，建立透明的信息披露机制，为市值管理建立一个良好的法律监管环境。市值配售播报编辑市值配售是针对二级市场投资者的流通市值进行的新股发行方式，即每10000元的股票市值可获得1000股的认购权，再通过参与委托及摇奖中签的方式确认是否中签，如果配号与中签号一致，且帐户有足够的资金，则在扣款时，会在帐户中扣除中签金额，直到上市前一天晚上中签股票会进入帐户中。 [6]市值调整播报编辑市值调整，又称盯市（英文：Mark to market ，缩写为 MTM）。在每个上报数据期限内，如进行季报的月份，根据市值对公司所持有的证券的价值进行测算，并对相应账务进行调整。盯市；逐日盯市:对保证金、期货交易账户的市值逐日计算的会计程序。1、根据股票市值对保证金交易账户余额进行计算，确定投资者是否需要追加保证金；2、每天对期货交易合约市值进行跟踪，判断投资者是否需要追加保证金；3、根据投资组合市值每天对互惠基金份额价值进行调整，以便投资者加入和退出基金。新手上路成长任务编辑入门编辑规则本人编辑我有疑问内容质疑在线客服官方贴吧意见反馈投诉建议举报不良信息未通过词条申诉投诉侵权信息封禁查询与解封©2024 Baidu 使用百度前必读 | 百科协议 | 隐私政策 | 百度百科合作平台 | 京ICP证030173号京公网安备110000020000

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Largest Companies by Market Cap

companies: 8,224

total market cap: $102.844 T

Rank by Market Cap Earnings Revenue Employees P/E ratio Dividend % Market Cap gain Market Cap loss Operating Margin Cost to borrow Total assets Net assets Total liabilities Total debt Cash on hand P/B ratio More +

RankNameMarket CapPriceTodayPrice (30 days)Country

1MicrosoftMSFT$3.159 T$425.222.44% USA2AppleAAPL$2.671 T$173.001.09% USA3NVIDIANVDA$2.198 T$879.443.24% USA4Saudi Aramco2222.SR$2.017 T$8.342.50% S. Arabia5AmazonAMZN$1.856 T$178.751.24% USA6Alphabet (Google)GOOG$1.786 T$144.342.54% USA7Meta Platforms (Facebook)META$1.253 T$491.830.75% USA8Berkshire Hathaway BRK-B$880.19 B$406.730.34% USA9TSMCTSM$724.21 B$139.621.77% Taiwan10Eli LillyLLY$722.81 B$760.730.38% USA11Novo NordiskNVO$605.92 B$134.580.82% Denmark12VisaV$588.30 B$286.410.45% USA13BroadcomAVGO$584.96 B$1,2620.35% USA14JPMorgan ChaseJPM$541.42 B$187.971.78% USA15TeslaTSLA$517.52 B$162.504.12% USA16WalmartWMT$491.38 B$61.020.09% USA17LVMHMC.PA$474.64 B$950.140.65% France

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18UnitedHealthUNH$450.82 B$489.000.20% USA19MastercardMA$447.30 B$479.480.81% USA20Exxon MobilXOM$442.29 B$111.471.77% USA21Johnson & JohnsonJNJ$383.66 B$159.211.17% USA22Procter & GamblePG$380.01 B$161.500.49% USA23ASMLASML$378.93 B$959.780.93% Netherlands24Home DepotHD$371.89 B$375.270.98% USA25Samsung005930.KS$368.60 B$55.221.62% S. Korea26TencentTCEHY$348.65 B$36.561.30% China27OracleORCL$345.02 B$125.530.01% USA28CostcoCOST$324.62 B$731.950.31% USA29AbbVieABBV$320.08 B$181.200.75% USA30ToyotaTM$314.39 B$230.970.80% Japan31MerckMRK$305.20 B$120.510.72% USA32AMDAMD$302.24 B$187.063.97% USA33Kweichow Moutai600519.SS$300.73 B$239.400.31% China34SalesforceCRM$294.22 B$303.320.45% USA35ChevronCVX$289.17 B$155.701.18% USA36NestléNESN.SW$283.07 B$107.540.42% Switzerland37Bank of America BAC$281.61 B$35.691.08% USA38HermèsRMS.PA$272.77 B$2,6051.48% France39NetflixNFLX$265.28 B$613.010.58% USA40L'OréalOR.PA$262.67 B$491.240.65% France41Coca-ColaKO$260.90 B$60.500.22% USA42AdobeADBE$258.15 B$570.450.54% USA43International Holding CompanyIHC.AE$238.67 B$108.810.03%eu UAE44AccentureACN$237.13 B$378.210.13% Ireland45ICBC1398.HK$235.71 B$0.511.49% China46Reliance IndustriesRELIANCE.NS$233.66 B$34.520.05% India47LindeLIN$228.23 B$473.940.20% UK48PepsicoPEP$226.47 B$164.780.31% USA49SAPSAP$223.85 B$190.451.07% Germany50Thermo Fisher ScientificTMO$223.03 B$584.911.35% USA51RocheROG.SW$218.95 B$262.853.57% Switzerland52PetroChina601857.SS$213.31 B$1.210.80% China53ShellSHEL$211.80 B$65.780.11% UK54AstraZenecaAZN$207.85 B$67.040.80% UK55Abbott LaboratoriesABT$206.22 B$118.851.09% USA56Walt DisneyDIS$205.55 B$112.060.39% USA57Wells FargoWFC$205.23 B$57.370.78% USA58McDonaldMCD$203.42 B$281.730.40% USA59NovartisNVS$201.95 B$98.130.88% Switzerland60CiscoCSCO$201.60 B$49.790.64% USA61Agricultural Bank of China601288.SS$198.78 B$0.580.72% China62T-Mobile USTMUS$193.29 B$162.860.75% USA63QUALCOMMQCOM$187.99 B$168.450.47% USA64AlibabaBABA$187.77 B$73.403.91% China65DanaherDHR$187.30 B$253.220.83% USA66China Mobile0941.HK$186.31 B$8.470.75% China67Tata Consultancy ServicesTCS.NS$183.54 B$50.731.41% India68IntuitINTU$181.99 B$650.040.77% USA69General ElectricGE$181.47 B$166.752.00% USA70IntelINTC$180.74 B$42.751.11% USA71IBMIBM$177.32 B$193.431.66% USA72CaterpillarCAT$170.74 B$341.920.12% USA73ComcastCMCSA$170.07 B$42.821.06% USA74VerizonVZ$167.20 B$39.771.22% USA75Applied MaterialsAMAT$166.80 B$200.750.09% USA

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76PinduoduoPDD$163.68 B$123.200.69% China77Bank of China601988.SS$163.19 B$0.610.46% China78UberUBER$161.24 B$77.650.77% USA79DiorCDI.PA$160.45 B$889.400.12% France80ServiceNowNOW$159.79 B$779.490.34% USA81American ExpressAXP$159.59 B$220.471.05% USA82PfizerPFE$158.84 B$28.130.32% USA83TotalEnergiesTTE$158.37 B$68.070.41% France84SiemensSIE.DE$158.22 B$200.300.05% Germany85China Construction Bank601939.SS$157.87 B$0.950.15% China86Texas InstrumentsTXN$155.74 B$171.140.89% USA87InditexIDEXY$152.61 B$24.380.58% Spain88NikeNKE$151.90 B$100.261.09% USA89Union Pacific CorporationUNP$150.04 B$246.061.28% USA90Philip MorrisPM$145.85 B$93.951.44% USA91Morgan StanleyMS$145.70 B$89.100.28% USA92AmgenAMGN$145.52 B$271.541.61% USA93HSBCHSBC$143.63 B$37.531.21% UK94BHP GroupBHP$141.80 B$56.041.46% Australia95Royal Bank Of CanadaRY$141.71 B$99.761.31% Canada96ConocoPhillipsCOP$140.91 B$119.781.90% USA97Lowe's CompaniesLOW$140.41 B$244.631.12% USA98HDFC BankHDB$140.30 B$55.412.77% India99AirbusAIR.PA$137.46 B$174.570.68% Netherlands100Intuitive SurgicalISRG$136.21 B$384.310.34% USA

This is the list of the world's biggest companies by market capitalization. It ranks the most valuable public companies. Private companies are not included in our lists as it is difficult to calculate their market value and know their financials.

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What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.

In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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What Is Market Capitalization?

Calculation

Company Size

Digital Currency

Misconceptions

FAQs

The Bottom Line

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Market Capitalization: What It Means for Investors

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What Is Market Capitalization?

Market capitalization, or "market cap," represents the total dollar market value of a company's outstanding shares of stock. Investors use this figure to determine a company's size instead of sales or total asset value. In an acquisition, the market cap helps determine whether a takeover candidate represents a good value for the acquirer.

Key Takeaways

Market capitalization shows how much a company is worth as determined by the total market value of all outstanding shares.To calculate a company's market cap, multiply the number of outstanding shares by the current market value of one share.Market cap is used to determine a company's size, and then compare the company's financial performance to other companies of various sizes.

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How to Calculate Market Cap

Market capitalization estimates a company's value by extrapolating what the market thinks it is worth for publicly traded companies and multiplying the share price by the number of available shares. After a company goes public and begins trading on an exchange, its share price is determined by supply and demand. As market prices move, the market cap becomes a real-time estimate of the company's value. The formula for market capitalization is:

Market Cap = Current Share Price * Total Number of Shares Outstanding

A company with 20 million shares selling at $100 a share has a market cap of $2 billion. A second company with a share price of $1,000 but only 10,000 shares outstanding, has a market cap of $10 million.

An initial public offering (IPO) helps determine a company's first market capitalization. An investment bank employs valuation techniques to derive a company's value and determine how many shares will be offered to the public and at what price.

Market Cap and Company Size

Large-cap companies typically have a market capitalization of $10 billion or more and represent major players in well-established industries and sectors. These companies generally reward investors with a consistent increase in share value and dividend payments. Examples of large-cap companies include Apple Inc., Microsoft Corp., and Alphabet Inc.

Mid-cap companies generally have a market capitalization between $2 billion and $10 billion. Mid-cap companies operate in an industry expected to experience rapid growth. Mid-cap companies are in the process of expanding and carry an inherently higher risk than large-cap companies. One example of a mid-cap company is Eagle Materials Inc. (EXP).

Companies with a market capitalization between $250 million and $2 billion are commonly classified as small-cap companies. These small companies may serve niche markets and new industries. These companies are considered higher-risk investments due to their age, the markets they serve, and their size. Small-cap share prices may be more volatile but provide greater growth opportunities than large caps. Smaller companies, known as micro-cap, have values below $250 million.

Market Cap and Digital Currency

Because new digital currency offerings theoretically thin the value of existing coins, tokens, or shares, a different market cap formula can be used to calculate the market cap for all authorized shares or tokens. Analysts use diluted market cap to understand potential changes to a security, token, or coin's price. The diluted market cap formula is:

Diluted Market Cap = Current Share Price * Total Number of Shares Authorized

Assume Bitcoin trades at $24,000 per coin, with 19.1 million Bitcoin already issued. The total number of potential Bitcoin that may be minted is 21 million. Therefore, Bitcoin's market cap calculations are:

Market Cap = $24,000 * 19.1 million = $458.4 billion

Diluted Market Cap = $24,000 * 21 million = $504 billion

Misconceptions About Market Caps

Although it is used to describe a company, market capitalization does not measure the equity value of a company. Only a thorough analysis of a company's fundamentals can do that. Shares are often over- or undervalued by the market, meaning the market price determines only how much the market is willing to pay for its shares.

The market cap does not determine the amount the company would cost to acquire in a merger transaction. A better method of calculating the price of acquiring a business outright is the enterprise value.

What Factors Alter a Company's Market Cap?

Two factors can alter a company's market cap: significant changes in the price of a stock or when a company issues or repurchases shares. An investor who exercises a large amount of warrants can also increase the number of shares on the market and negatively affect shareholders in a process known as dilution.

What Does a High Market Cap Tell You?

A high market cap signifies that the company has a larger presence in the market. Larger companies may have less growth potential than start-up firms, but established companies may be able to secure financing cheaper, have a more consistent stream of revenue, and capitalize on brand recognition.

Does Market Cap Affect Stock Price?

Market cap does not affect stock price; rather, market cap is calculated by analyzing the stock price and number of shares issued. Although a blue-chip stock may perform better because of organizational efficiency and greater market presence, having a higher market cap does not directly impact stock prices.

What Is the Importance of Market Cap?

Market cap is often used as a baseline for analysis as all other financial metrics must be viewed through this lens. For example, a company could have had twice as much revenue as any other company in the industry. However, if the company's market cap is four times as large, the argument could be made that the company is underperforming.

The Bottom Line

Market cap can be a valuable tool for investors watching stocks and evaluating potential investments. Market capitalization is a quick and easy method for estimating a company's value by extrapolating what the market thinks it is worth for publicly traded companies. In an acquisition, the market cap helps determine whether a takeover candidate represents a good value to the acquirer.

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FINRA. "Market Cap Explained."

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How to Value a Company

Valuing a Company: Business Valuation Defined With 6 Methods

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Valuation Analysis: Meaning, Examples and Use Cases

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Financial Statements: List of Types and How to Read Them

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Related Terms

Free-Float Methodology and How to Calculate Market Capitalization

A free-float methodology is a system by which the market capitalization of an index's companies is determined.

Equity Market Capitalization: Meaning, How it Works, Limitations

Equity market capitalization is a calculation that measures the total value of the equity market.

Flexi-Cap Fund: What it Means, How it Works

A flexi-cap fund is a type of mutual fund that is not restricted to investing in companies with a predetermined market capitalization.

Market Value of Equity: Definition and How to Calculate

Market value of equity is the total dollar value of a company's equity calculated by multiplying the current stock price by total outstanding shares.

What Are Small-Cap Stocks, and Are They a Good Investment?

A small-cap stock has a total share value of $300 million to $2 billion, although the precise figures used vary among brokerages.

Nasdaq Capital Market (Nasdaq-CM): Definition and Requirements

The Nasdaq Capital Market is a listing tier for small cap companies.

Market Capitalization vs. Market Value: What's the Difference?

Small-Cap Stocks vs. Large-Cap Stocks: What's the Difference?

How Can I Use Market Capitalization to Evaluate a Stock?

Free-Float Methodology and How to Calculate Market Capitalization

Comparing ETFs: S&P 500 vs. Russell 2000

Notional Value vs. Market Value: What's the Difference?

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Cryptocurrency Prices, Charts And Market Capitalizations | CoinMarketCap

tocurrency Prices, Charts And Market Capitalizations | CoinMarketCapCryptos: 2.2M+Exchanges: 730Market Cap: $2.63T4.72%24h Vol: $169.56B26.45%Dominance: BTC: 51.7% ETH: 17.1% ETH Gas: 46 Gwei Fear & Greed: 89/100CryptocurrenciesCryptocurrenciesRankingCategoriesGlobal ChartsHistorical SnapshotsBitcoin ETFsLeaderboardsTrendingRecently addedGainers & LosersMost VisitedNFTOverall NFT StatsTop CollectionsUpcoming SalesOn Chain DataDex PairsChain RankingHot DEX PairsExchangesSpotDerivativesDEXCommunityFeedsTopicsLivesArticlesProductsPRODUCTSConverterCMC LabsTelegram BotAdvertiseCrypto APISite WidgetsCAMPAIGNSAirdropsDiamond RewardsLearn & EarnCALENDARSICO CalendarEvents CalendarLearnNewsAcademyResearchVideosGlossaryHalving: 34DWatchlistPortfolioSearch/Cryptos: 2.2M+Exchanges: 730Market Cap: $2.63T4.72%24h Vol: $169.56B26.45%Dominance: BTC: 51.7% ETH: 17.1% ETH Gas: 46 Gwei Fear & Greed: 89/100Today's Cryptocurrency Prices by Market CapThe global crypto market cap is $2.63T, a 4.72% decrease over the last day.The total crypto market volume over the last 24 hours is $169.56B, which makes a 26.45% increase. The total volume in DeFi is currently $14.29B, 8.43% of the total crypto market 24-hour volume. The volume of all stable coins is now $153.02B, which is 90.25% of the total crypto market 24-hour volume.Bitcoin’s dominance is currently 51.67%, a decrease of 0.27% over the day.Read MoreHighlightsFiltersCustomize Cryptocurrencies Categories Memes Solana Ecosystem Gaming AIShow rows100FiltersCustomize#NamePrice1h %24h %7d %Market CapVolume(24h)Circulating SupplyLast 7 Days1BitcoinBTC$69,116.483.62%5.37%3.08%$1.36T$1,360,755,226,634$62,300,635,951899,865 BTC19,654,625 BTC2EthereumETH$3,757.133.33%5.85%3.83%$451.52B$451,516,901,683$26,227,231,5226,975,560 ETH120,088,291 ETH3Tether USDtUSDT$0.99950.01%0.11%0.15%$103.21B$103,206,595,724$120,194,716,788120,259,761,239 USDT103,262,446,901 USDT4BNBBNB$582.483.36%5.77%24.53%$87.1B$87,104,132,140$4,675,993,6568,027,679 BNB149,539,118 BNB5SolanaSOL$178.093.84%7.52%22.31%$79B$78,997,163,513$9,330,530,00252,393,244 SOL443,588,700 SOL6XRPXRP$0.6483.40%5.81%2.88%$35.51B$35,512,868,698$3,504,617,6685,408,003,307 XRP54,800,189,217 XRP7USDCUSDC$0.99990.01%0.01%0.00%$30.61B$30,613,871,125$13,361,652,38913,362,665,569 USDC30,616,192,496 USDC8CardanoADA$0.73473.28%3.73%0.95%$26.13B$26,127,159,125$1,650,046,6362,245,790,655 ADA35,560,285,708 ADA9DogecoinDOGE$0.17143.93%1.51%3.97%$24.59B$24,591,379,233$6,241,390,09636,413,645,422 DOGE143,471,526,384 DOGE10AvalancheAVAX$54.104.77%7.34%25.02%$20.41B$20,413,111,975$1,730,698,70231,989,831 AVAX377,311,202 AVAXShiba InuSHIB$0.00PolkadotDOT$10.97ToncoinTON$3.84ChainlinkLINK$19.83PolygonMATIC$1.16TRONTRX$0.13NEAR ProtocolNEAR$8.45Bitcoin CashBCH$419.60UniswapUNI$13.34LitecoinLTC$90.68Internet ComputerICP$13.25UNUS SED LEOLEO$5.99AptosAPT$13.78DaiDAI$1.00FilecoinFIL$9.96CosmosATOM$13.12Ethereum ClassicETC$33.78ImmutableIMX$3.13InjectiveINJ$45.87RenderRNDR$11.09HederaHBAR$0.12OptimismOP$4.02StacksSTX$2.81OKBOKB$66.96PepePEPE$0.00StellarXLM$0.14BittensorTAO$619.15CronosCRO$0.15The GraphGRT$0.41THORChainRUNE$9.73VeChainVET$0.05KaspaKAS$0.14dogwifhatWIF$3.22Theta NetworkTHETA$3.16MantleMNT$0.94First Digital USDFDUSD$1.00Lido DAOLDO$3.06CelestiaTIA$15.82MoneroXMR$144.02MakerMKR$2786.49FLOKIFLOKI$0.00ArbitrumARB$1.95AlgorandALGO$0.31ArweaveAR$36.15SeiSEI$0.85FantomFTM$0.80Fetch.aiFET$2.63BonkBONK$0.00FlowFLOW$1.44BeamBEAM$0.04AaveAAVE$135.52GalaGALA$0.07Bitcoin SVBSV$99.24MultiversXEGLD$71.30SuiSUI$1.50dYdX (Native)DYDX$3.77StarknetSTRK$2.25Axie InfinityAXS$11.62The SandboxSAND$0.70QuantQNT$132.45ORDIORDI$74.10BitTorrent (New)BTT$0.00SingularityNETAGIX$1.19WorldcoinWLD$9.87SynthetixSNX$4.53MinaMINA$1.37KuCoin TokenKCS$14.55ConfluxCFX$0.36TezosXTZ$1.41FlareFLR$0.04DecentralandMANA$0.71ChilizCHZ$0.15ApeCoinAPE$2.25JupiterJUP$0.99Pyth NetworkPYTH$0.87TrueUSDTUSD$1.00Bitget TokenBGB$0.90HeliumHNT$7.73SATS1000SATS$0.00Akash NetworkAKT$5.46EOSEOS$1.10RoninRON$4.03AxelarAXL$2.01eCashXEC$0.00IOTAIOTA$0.37NeoNEO$16.57PancakeSwapCAKE$4.61KavaKAVA$1.03dYdX (ethDYDX)ETHDYDX$3.760x ProtocolZRX$1.281234...91Showing 1 - 100 out of 9075123456...91Show rows100Find out how we work by clicking here. Read MoreToday’s Cryptocurrency Prices, Charts and Data Welcome to CoinMarketCap.com! This site was founded in May 2013 by Brandon Chez to provide up-to-date cryptocurrency prices, charts and data about the emerging cryptocurrency markets. Since then, the world of blockchain and cryptocurrency has grown exponentially and we are very proud to have grown with it. We take our data very seriously and we do not change our data to fit any narrative: we stand for accurately, timely and unbiased information. All Your Crypto Market Data Needs in One Place Here at CoinMarketCap, we work very hard to ensure that all the relevant and up-to-date information about cryptocurrencies, coins and tokens can be located in one easily discoverable place. From the very first day, the goal was for the site to be the number one location online for crypto market data, and we work hard to empower our users with our unbiased and accurate information. We Provide Live and Historic Crypto Charts for Free Each of our coin data pages has a graph that shows both the current and historic price information for the coin or token. Normally, the graph starts at the launch of the asset, but it is possible to select specific to and from dates to customize the chart to your own needs. These charts and their information are free to visitors of our website. The most experienced and professional traders often choose to use the best crypto API on the market. Our API enables millions of calls to track current prices and to also investigate historic prices and is used by some of the largest crypto exchanges and financial institutions in the world. CoinMarketCap also provides data about the most successful traders for you to monitor. We also provide data about the latest trending cryptos and trending DEX pairs. How Do We Calculate Our Cryptocurrency Prices? We receive updated cryptocurrency prices directly from many exchanges based on their pairs. We then convert the number to USD. A full explanation can be found here. Related Links Are you ready to learn more? Visit our glossary and crypto learning center. Are you interested in the scope of crypto assets? Investigate our list of cryptocurrency categories. Are you interested in knowing which the hottest dex pairs are currently? How Do We Calculate Our Crypto Valuations? We calculate our valuations based on the total circulating supply of an asset multiplied by the currency reference price. The topic is explained in more detail here. How Do We Calculate the Cryptocurrency Market Cap? We calculate the total cryptocurrency market capitalization as the sum of all cryptocurrencies listed on the site. Does CoinMarketCap.com List All Cryptocurrencies? Almost. We have a process that we use to verify assets. Once verified, we create a coin description page like this. The world of crypto now contains many coins and tokens that we feel unable to verify. In those situations, our Dexscan product lists them automatically by taking on-chain data for newly created smart contracts. We do not cover every chain, but at the time of writing we track the top 70 crypto chains, which means that we list more than 97% of all tokens. How Big Is the Global Coin Market? At the time of writing, we estimate that there are more than 2 million pairs being traded, made up of coins, tokens and projects in the global coin market. As mentioned above, we have a due diligence process that we apply to new coins before they are listed. This process controls how many of the cryptocurrencies from the global market are represented on our site. What Is an Altcoin? The very first cryptocurrency was Bitcoin. Since it is open source, it is possible for other people to use the majority of the code, make a few changes and then launch their own separate currency. Many people have done exactly this. Some of these coins are very similar to Bitcoin, with just one or two amended features (such as Litecoin), while others are very different, with varying models of security, issuance and governance. However, they all share the same moniker — every coin issued after Bitcoin is considered to be an altcoin. What Is a Smart Contract? The first chain to launch smart contracts was Ethereum. A smart contract enables multiple scripts to engage with each other using clearly defined rules, to execute on tasks which can become a coded form of a contract. They have revolutionized the digital asset space because they have enabled decentralized exchanges, decentralized finance, ICOs, IDOs and much more. A huge proportion of the value created and stored in cryptocurrency is enabled by smart contracts. What Is a Stablecoin? Price volatility has long been one of the features of the cryptocurrency market. When asset prices move quickly in either direction and the market itself is relatively thin, it can sometimes be difficult to conduct transactions as might be needed. To overcome this problem, a new type of cryptocurrency tied in value to existing currencies — ranging from the U.S. dollar, other fiats or even other cryptocurrencies — arose. These new cryptocurrency are known as stablecoins, and they can be used for a multitude of purposes due to their stability. What Is an NFT? NFTs are multi-use images that are stored on a blockchain. They can be used as art, a way to share QR codes, ticketing and many more things. The first breakout use was for art, with projects like CryptoPunks and Bored Ape Yacht Club gaining large followings. We also list all of the top NFT collections available. We collect latest sale and transaction data, plus upcoming NFT collection launches onchain. NFTs are a new and innovative part of the crypto ecosystem that have the potential to change and update many business models for the Web 3 world. What Are In-game Tokens? Play-to-earn (P2E) games, also known as GameFi, has emerged as an extremely popular category in the crypto space. It combines non-fungible tokens (NFT), in-game crypto tokens, decentralized finance (DeFi) elements and sometimes even metaverse applications. Players have an opportunity to generate revenue by giving their time (and sometimes capital) and playing these games. One of the biggest winners is Axie Infinity — a Pokémon-inspired game where players collect Axies (NFTs of digital pets), breed and battle them against other players to earn Smooth Love Potion (SLP) — the in-game reward token. This game was extremely popular in developing countries like The Philippines, due to the level of income they could earn. Players in the Philippines can check the price of SLP to PHP today directly on CoinMarketCap. What Are ETFs? In January 2024 the SEC approved 11 exchange traded funds to invest in Bitcoin. There were already a number of Bitcoin ETFs available in other countries, but this change allowed them to be available to retail investors in the United States. This opens the way for a much wider range of investors to be able to add some exposure to cryptocurrency in their portfolios. Which Is the Best Cryptocurrency to Invest in? CoinMarketCap does not offer financial or investment advice about which cryptocurrency, token or asset does or does not make a good investment, nor do we offer advice about the timing of purchases or sales. We are strictly a data company. Please remember that the prices, yields and values of financial assets change. This means that any capital you may invest is at risk. We recommend seeking the advice of a professional investment advisor for guidance related to your personal circumstances. If You Are Investing in Cryptocurrency — CoinMarketCap.com Is for You TThe data at CoinMarketCap updates every few seconds, which means that it is possible to check in on the value of your investments and assets at any time and from anywhere in the world. We look forward to seeing you regularly! Stay on top of crypto.

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Market Capitalization: What It Means for Investors

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What Is Market Capitalization?

Calculation

Company Size

Digital Currency

Misconceptions

FAQs

The Bottom Line

Stock Trading

Stock Trading Strategy & Education

Market Capitalization: What It Means for Investors

Jason Fernando

Full Bio

Jason Fernando is a professional investor and writer who enjoys tackling and communicating complex business and financial problems.

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Updated March 05, 2024

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What Is Market Capitalization?

Key Takeaways

Investopedia / Xiaojie Liu

How to Calculate Market Cap

Market Cap = Current Share Price * Total Number of Shares Outstanding

Market Cap and Company Size

Market Cap and Digital Currency

Diluted Market Cap = Current Share Price * Total Number of Shares Authorized

Market Cap = $24,000 * 19.1 million = $458.4 billion

Diluted Market Cap = $24,000 * 21 million = $504 billion

Misconceptions About Market Caps

What Factors Alter a Company's Market Cap?

What Does a High Market Cap Tell You?

Does Market Cap Affect Stock Price?

What Is the Importance of Market Cap?

The Bottom Line

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How to Value a Company

Valuing a Company: Business Valuation Defined With 6 Methods

1 of 37

What Is Valuation?

2 of 37

Valuation Analysis: Meaning, Examples and Use Cases

3 of 37

Financial Statements: List of Types and How to Read Them

4 of 37

Balance Sheet: Explanation, Components, and Examples

5 of 37

Cash Flow Statement: How to Read and Understand It

6 of 37

6 Basic Financial Ratios and What They Reveal

7 of 37

5 Must-Have Metrics for Value Investors

8 of 37

Earnings Per Share (EPS): What It Means and How to Calculate It

9 of 37

P/E Ratio Definition: Price-to-Earnings Ratio Formula and Examples

10 of 37

Price-to-Book (PB) Ratio: Meaning, Formula, and Example

11 of 37

Price/Earnings-to-Growth (PEG) Ratio: What It Is and the Formula

12 of 37

Fundamental Analysis: Principles, Types, and How to Use It

13 of 37

Absolute Value: Definition, Calculation Methods, Example

14 of 37

Relative Valuation Model: Definition, Steps, and Types of Models

15 of 37

Intrinsic Value of a Stock: What It Is and Formulas to Calculate It

16 of 37

Intrinsic Value vs. Current Market Value: What's the Difference?

17 of 37

The Comparables Approach to Equity Valuation

18 of 37

The 4 Basic Elements of Stock Value

19 of 37

How to Become Your Own Stock Analyst

20 of 37

Due Diligence in 10 Easy Steps

21 of 37

Determining the Value of a Preferred Stock

22 of 37

Qualitative Analysis

23 of 37

How to Choose the Best Stock Valuation Method

24 of 37

Bottom-Up Investing: Definition, Example, Vs. Top-Down

25 of 37

Financial Ratio Analysis: Definition, Types, Examples, and How to Use

26 of 37

What Book Value Means to Investors

27 of 37

Liquidation Value: Definition, What's Excluded, and Example

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Market Capitalization: What It Means for Investors

29 of 37

Discounted Cash Flow (DCF) Explained With Formula and Examples

30 of 37

Enterprise Value (EV) Formula and What It Means

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How to Use Enterprise Value to Compare Companies

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How to Analyze Corporate Profit Margins

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Return on Equity (ROE) Calculation and What It Means

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Decoding DuPont Analysis

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How to Value Private Companies

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Valuing Startup Ventures

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Related Terms

Free-Float Methodology and How to Calculate Market Capitalization

A free-float methodology is a system by which the market capitalization of an index's companies is determined.

Equity Market Capitalization: Meaning, How it Works, Limitations

Equity market capitalization is a calculation that measures the total value of the equity market.

Flexi-Cap Fund: What it Means, How it Works

A flexi-cap fund is a type of mutual fund that is not restricted to investing in companies with a predetermined market capitalization.

Market Value of Equity: Definition and How to Calculate

Market value of equity is the total dollar value of a company's equity calculated by multiplying the current stock price by total outstanding shares.

What Are Small-Cap Stocks, and Are They a Good Investment?

A small-cap stock has a total share value of $300 million to $2 billion, although the precise figures used vary among brokerages.

Nasdaq Capital Market (Nasdaq-CM): Definition and Requirements

The Nasdaq Capital Market is a listing tier for small cap companies.

Market Capitalization vs. Market Value: What's the Difference?

Small-Cap Stocks vs. Large-Cap Stocks: What's the Difference?

How Can I Use Market Capitalization to Evaluate a Stock?

Free-Float Methodology and How to Calculate Market Capitalization

Comparing ETFs: S&P 500 vs. Russell 2000

Notional Value vs. Market Value: What's the Difference?

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Market Capitalization: What It Is, Formula for Calculating It

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What Is Market Capitalization?

Understanding Market Cap

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Market Capitalization: What It Is, Formula for Calculating It

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Updated April 07, 2022

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What Is Market Capitalization?

Market capitalization, or "market cap", is the aggregate market value of a company represented in a dollar amount. Since it represents the “market” value of a company, it is computed based on the current market price (CMP) of its shares and the total number of outstanding shares.

Market cap is also used to compare and categorize the size of companies among investors and analysts.

Key Takeaways

Market capitalization is the total dollar value of all outstanding shares of a company at the current market price.Market cap is used to size up corporations and understand their aggregate market value.Companies may be categorized as large-, mid-, or small-cap depending on their market capitalization.Blue-chip companies are often large- or mega-cap stocks, while the very smallest are referred to as micro-caps.

Understanding Market Capitalization

Market cap is calculated by multiplying a company's outstanding shares by the current market price of one share. Since a company has a given number of outstanding shares, multiplying X with the per-share price represents the total dollar value of the company.

Outstanding shares are the total amount of shares currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.

Formula and Calculation

The formula for market cap is:

Market Cap

Price Per Share

Shares Outstanding

\text{Market Cap} = \text{Price Per Share} \times \text{Shares Outstanding}

Market Cap=Price Per Share×Shares Outstanding

For example, if ABC Corp. trades at $30 per share and had one million outstanding shares, its market capitalization would be ($30 x 1 million shares) = $30 million.

Since the market price of shares of a publicly-listed company keeps changing with each passing second, the market cap also fluctuates accordingly. The number of outstanding shares can also change over time.

Note that changes to the number of outstanding shares are infrequent, and the figure changes only when the company undertakes certain corporate actions, such as issuing additional shares through a secondary offering, exercising employee stock options (ESO), issuing/redeeming other financial instruments, or buying back its shares under a share repurchase program.

Essentially, the changes in market cap are largely attributed to the share price changes, though investors should keep an eye on corporate-level developments that may change the number of outstanding shares once in a while.

Types of Market Capitalization

Since capitalization represents a dollar value that can vary widely, different buckets and associated nomenclatures exist for categorizing the different market cap ranges. Below are the commonly used standards for each capitalization.

Mega Cap

Mega-cap companies are those with a market cap of $200 billion or higher. They are the largest publicly traded companies by market value, and typically represent the leaders of a particular industry sector or market. A limited number of companies qualify for this category.

For example, as of Q2 2022, technology company Apple (AAPL) has a market cap of $2.9 trillion, making it the most valuable company in the world; while online retailer Amazon.com (AMZN) came in next at $1.6 trillion.

Large Cap

Companies that are considered large-cap have a market cap between $10 billion to $200 billion. For example, in Q2 2022, International Business Machines Corp. (IBM) and General Electric (GE) are large-cap stocks with market caps of $116 billion and $99 billion, respectively.

Both mega and large-cap stocks are referred to as blue chips and are considered to be relatively stable and secure. However, there is no guarantee of these companies maintaining their stable valuations as all businesses are subject to market risks.

Mid Cap

Mid-cap stocks range from $2 billion to $10 billion in market cap, and this group of companies is considered to be more volatile than the large-cap and mega-cap companies. Growth stocks represent a significant portion of the mid-caps.

Some of the companies may or may not be industry leaders, but they may be on their way to becoming one. First Solar (FSLR), is a mid-cap leader in the solar power field, with a market cap of around $8 billion as of Q2 2022.

Small Cap

Small-cap companies have a market cap between $300 million to $2 billion. While the bulk of this category is comprised of relatively young companies that may have promising growth potential, a few established old businesses which may have lost value in recent times for a variety of reasons also figure in the list.

One example is Bed Bath & Beyond Inc. (BBBY) which has a market cap of $2 billion as of Q2 2022, putting it right on the high-end of small cap stocks. Track records of such companies aren’t as long as those of the mid-to-mega-caps, but they also present the possibility of greater capital appreciation.

Micro Cap

Companies that are considered micro-cap consist mostly of penny stocks—this category denotes companies with market capitalizations between $50 million to $300 million. For instance, a lesser-known pharma company with no marketable product and working on developing a drug for an incurable disease, or a five-person company working on artificial intelligence (AI)-powered robotics technology may be listed with a small valuation and limited trading activity.

While the upward potential of such companies is high if they succeed, the downside potential is equally worse if they completely fail. Investments in such companies may not be for the faint-hearted and require more due diligence.

Nano Cap

Nano caps are another high-risk, high-reward layer beyond the micro-caps. Nano-cap companies have market caps below $50 million. These companies are considered to be the riskiest, and the potential for gain varies widely. These stocks typically trade on the pink sheets or Over-the-Counter Bulletin Board (OTCBB).

Historical analysis reveals that mega- and large-caps often experience slower growth with lower risk, while small-caps have higher growth potential but come with higher risk. It is common to see companies making transitions from one category to the other depending upon the change in their market cap valuations regularly. Along with companies, other popular investments like mutual funds and exchange-traded funds (ETFs) are also categorized as small-cap, mid-cap, or large-cap. In the case of funds, the terms represent the types of stocks in which the fund primarily invests.

Importance of Market Capitalization

Some traders and investors, mostly novices, can mistake a stock's price to be an accurate representation of that company’s worth, health, and/or stability. They may perceive a higher stock price as a measure of a company’s stability or a lower price as an investment available at a bargain. Stock price alone does not represent a company's actual worth. Market capitalization is the correct measure to look at, as it represents the true value as perceived by the overall market.

For instance, Microsoft with a stock price of around $300 per share had a market cap of $2,3 trillion as of Q2 2022, while Berkshire Hathaway (BRK.A), with a much higher stock price of more than $50,000 per share, had a lower market cap of $761 billion. Comparing the two companies by solely looking at their stock prices would not give a true representation of their actual relative values.

With billions of dollars worth of valuation, a large-cap company may have more room to invest a few hundred millions in a new stream of business and may not take a big hit if the venture fails. However, a mid-cap or micro-cap company making a similar value investment may be susceptible to big blows if their venture fails as they don’t have that bigger cushion to absorb the failure. If the venture succeeds for large-cap companies, it may appear small in their profit numbers. But if the company scales up with its success, it can lead to profits of larger magnitudes. On the other hand, the success of such ventures for a mid-cap company can bolster its valuations to significant heights.

A high stock price in and of itself does not always indicate a healthy or growing company. It can still have a relatively small market cap!

Special Considerations

Valuations of mid-cap or small-cap companies often take a hit when there are reports of a large-cap company encroaching into their space of products or services. For instance, the entry of Amazon into cloud hosting services under the Amazon Web Services (AWS) umbrella has been posing a big threat to smaller companies operating in the niche space.

Generally, investments in mega-cap or large-cap stocks are considered more conservative with less volatility than investments in small-cap stocks. Though mid and small-cap stocks offer high return potential to risk-taking investors, the relatively limited resources at the disposal of such companies make their stocks more susceptible to competition, uncertainties, and business or economic downturn.

The different measurement of Market Cap values also form the basis to launch a variety of market indexes. For example, the benchmark equity index, the S&P 500, includes the top 500 U.S. companies which are weighted based on their market cap value, while the FTSE 100 index includes the top 100 companies listed on the London Stock Exchange with the highest market capitalization. Both indexes use the Float-Adjusted Market Cap Calculation.

Such indexes not only represent the overall market developments and sentiments, but are also used as benchmarks to track the performance of various funds, portfolios, and individual investments.

Why Are Small-Cap Stocks Often More Volatile?

Small-cap stocks have relatively lower market values because these tend to be younger growth companies. Because of their growth orientation, they may be riskier since they spend their revenues on growth and expansion. Small-cap stocks are therefore often more volatile than those of larger companies. Generally, large-cap stocks experience slower growth and are more likely to pay dividends than faster-growing, small- or mid-cap stocks.

What Is a Market Capitalization-Weighted Index?

Many stock indexes, such as the S&P 500, are weighted by market cap. This means that stocks with larger market capitalizations make up comparatively more of the index.

How Do Stock Splits Affect Market Cap?

When a company undergoes a stock split, it increases the number of shares outstanding while reducing the price of each share by a similar proportion. For instance, in a 2:1 stock split, there will be twice as many shares, but at half the pre-split price. As a result, splits do not inherently influence market cap.

The Bottom Line

An understanding of the market cap concept is important for not only the individual stock investor but also investors of various funds. Market caps can help investors know where they are putting their hard-earned money.

Article Sources

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Yahoo Finance. "Apple, Inc."

Yahoo Finance. "Amazon"

Yahoo Finance. "International Business Machines Corporation (IBM)."

Yahoo Finance. "General Electric."

Yahoo Finance. "First Solar."

Yahoo Finance. "Bed Bath & Beyond Inc. (BBBY)."

U.S. Securities and Exchange Commission. "Investor Bulletin: Microcap Stock Basics (Part 1 of 3: General Information)."

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Small-Cap Stocks vs. Large-Cap Stocks: What's the Difference?

How Can I Use Market Capitalization to Evaluate a Stock?

What Happens After a Stock Split

What Is a Large Cap (Big Cap) Stock? Definition and How to Invest

Mid-Cap: Definition, Other Sizes, Valuation Limits, and Example

Market Capitalization vs. Market Value: What's the Difference?

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What Is a Large Cap (Big Cap) Stock? Definition and How to Invest

Large cap (big cap) refers to a company with a market capitalization value of more than $10 billion.

Mid-Cap: Definition, Other Sizes, Valuation Limits, and Example

Mid-cap is the term given to companies with a market capitalization—or market value—between $2 and $10 billion.

Micro-Cap: Definition in Stock Investing, Risks Vs. Larger Caps

A micro-cap is a small company that has a market capitalization between $50 million and $300 million and is considered riskier than a large-cap stock.

Market Capitalization: What It Means for Investors

Market capitalization is the total dollar market value of a company's outstanding shares.

Mid-Cap Value Stock: What It is, How it Works, Example

In the stock markets, a mid-cap value stock is a moderate-sized company that is considered a good pick for value investors.

What Are Small-Cap Stocks, and Are They a Good Investment?

A small-cap stock has a total share value of $300 million to $2 billion, although the precise figures used vary among brokerages.

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什么样的上市企业重点看 Enterprise value（企业价值）？ - 知乎

什么样的上市企业重点看 Enterprise value（企业价值）？ - 知乎首页知乎知学堂发现等你来答切换模式登录/注册公司估值美股什么样的上市企业重点看 Enterprise value（企业价值）？经常用Market Cap来衡量企业，想知道 EV 数据有什么价值？ Enterprise Value（企业价值） = Market Capitali…显示全部关注者35被浏览11,516关注问题写回答邀请回答好问题添加评论分享3 个回答默认排序刘牛草根不惑关注把公式转换一下，得到：Market Capitalization（市值）= Enterprise Value（企业价值） - Debt（负债） + Cash（现金）这样，就可以看出来，假如你按照市值购买该企业的话，还掉债务，拿着现金，真正买企业花了多少钱。所以，EV可以说是市场对于该企业的核心业务（或资源）的估值。感觉任何企业都可以看EV。最受关注的应该是净现金接近甚至大于市值的时候。假如你认为该企业的核心业务（或资源）有价值，而且不会倒闭，这时可以闭着眼睛买它的股票了。前一阵中概股私有化风潮下，不少人就开始研究他们的净现金与市值之比，寻找下一个私有化的机会。编辑于 2013-01-07 17:47赞同 143 条评论分享收藏喜欢收起HF估值投资关注没有什么上市企业重点看EV。EV反应的是企业价值计算EV可以计算EqV. 发布于 2020-10-12 00:08赞同添加评论分享收藏喜欢收起

Market capitalization - Wikipedia

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1.1Historical estimates of world market cap

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Market capitalization

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From Wikipedia, the free encyclopedia

Total value of a public company's outstanding shares

The New York Stock Exchange on Wall Street, the world's largest stock exchange in terms of total market capitalization of its listed companies[1]

Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders.[2]

Market capitalization is equal to the market price per common share multiplied by the number of common shares outstanding.[3][4][5]

Description[edit]

Market capitalization is sometimes used to rank the size of companies. It measures only the equity component of a company's capital structure, and does not reflect management's decision as to how much debt (or leverage) is used to finance the firm. A more comprehensive measure of a firm's size is enterprise value (EV), which gives effect to outstanding debt, preferred stock, and other factors. For insurance firms, a value called the embedded value (EV) has been used.

It is also used in ranking the relative size of stock exchanges, being a measure of the sum of the market capitalizations of all companies listed on each stock exchange. The total capitalization of stock markets or economic regions may be compared with other economic indicators (e.g. the Buffett indicator). The total market capitalization of all publicly traded companies in 2020 was approximately US$93 trillion.[6]

Historical estimates of world market cap[edit]

Total market capitalization of all publicly traded companies in the world from 1975 to 2020.[6]

Year

World market cap(in mil. US$)

World market cap(% of GDP)

Number of listedcompanies

1975

1,149,245

27.2

14,577

1980

2,525,736

29.6

17,273

1985

4,684,978

47.0

20,555

1990

9,519,107

50.8

23,732

1991

11,340,785

56.8

24,666

1992

10,819,256

50.2

24,947

1993

13,897,390

61.7

28,300

1994

14,639,924

60.9

30,290

1995

17,263,728

64.0

33,379

1996

19,806,691

72.3

35,617

1997

22,029,761

80.7

36,946

1998

24,555,201

89.6

37,928

1999

33,181,159

115.1

38,414

2000

30,925,434

101.1

39,892

2001

26,792,162

88.4

40,157

2002

22,802,792

72.7

38,894

2003

31,107,425

84.9

41,051

2004

36,540,980

89.2

38,724

2005

40,512,446

92.6

39,096

2006

50,074,966

106.1

43,104

2007

60,456,082

114.0

44,034

2008

32,418,516

56.2

43,949

2009

47,471,293

83.8

42,669

2010

54,259,518

87.3

43,427

2011

47,521,341

68.8

44,323

2012

54,503,237

78.4

43,772

2013

64,367,842

89.0

44,853

2014

67,177,254

90.3

45,743

2015

62,268,184

94.5

43,983

2016

65,117,714

97.1

43,806

2017

79,501,948

111.1

43,440

2018

68,893,044

91.9

43,554

2019

78,825,583

108.4

43,248

2020

93,686,226

134.7

Calculation[edit]

Market cap is given by the formula

{\textstyle {\text{MC}}=N\times P}

, where MC is the market capitalization, N is the number of common shares outstanding, and P is the market price per common share.[7]

For example, if a company has 4 million common shares outstanding and the closing price per share is $20, its market capitalization is then $80 million. If the closing price per share rises to $21, the market cap becomes $84 million. If it drops to $19 per share, the market cap falls to $76 million. This is in contrast to mercantile pricing where purchase price, average price and sale price may differ due to transaction costs.

Not all of the outstanding shares trade on the open market. The number of shares trading on the open market is called the float. It is equal to or less than N because N includes shares that are restricted from trading. The free-float market cap uses just the floating number of shares in the calculation, generally resulting in a smaller number.

Market cap terms[edit]

Traditionally, companies were divided into large-cap, mid-cap, and small-cap.[8][4] The terms mega-cap and micro-cap have since come into common use,[9][10] and nano-cap is sometimes heard. Different numbers are used by different indexes;[11] there is no official definition of, or full consensus agreement about, the exact cutoff values. The cutoffs may be defined as percentiles rather than in nominal dollars. The definitions expressed in nominal dollars need to be adjusted over decades due to inflation, population change, and overall market valuation (for example, $1 billion was a large market cap in 1950, but it is not very large now), and market caps are likely to be different country to country.

Market Capitalization: What It Is, Formula for Calculating It

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What Is Market Capitalization?

Understanding Market Cap

Types

Importance of Market Cap

Special Considerations

Market Cap FAQs

The Bottom Line

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Market Capitalization: What It Is, Formula for Calculating It

Shobhit Seth

Updated April 07, 2022

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What Is Market Capitalization?

Market cap is also used to compare and categorize the size of companies among investors and analysts.

Key Takeaways

Understanding Market Capitalization

Formula and Calculation

The formula for market cap is:

Market Cap

Price Per Share

Shares Outstanding

\text{Market Cap} = \text{Price Per Share} \times \text{Shares Outstanding}

Market Cap=Price Per Share×Shares Outstanding

For example, if ABC Corp. trades at $30 per share and had one million outstanding shares, its market capitalization would be ($30 x 1 million shares) = $30 million.

Types of Market Capitalization

Mega Cap

Large Cap

Mid Cap

Small Cap

Micro Cap

Nano Cap

Importance of Market Capitalization

A high stock price in and of itself does not always indicate a healthy or growing company. It can still have a relatively small market cap!

Special Considerations

Such indexes not only represent the overall market developments and sentiments, but are also used as benchmarks to track the performance of various funds, portfolios, and individual investments.

Why Are Small-Cap Stocks Often More Volatile?

What Is a Market Capitalization-Weighted Index?

Many stock indexes, such as the S&P 500, are weighted by market cap. This means that stocks with larger market capitalizations make up comparatively more of the index.

How Do Stock Splits Affect Market Cap?

The Bottom Line

Article Sources

editorial policy.

Yahoo Finance. "Apple, Inc."

Yahoo Finance. "Amazon"

Yahoo Finance. "International Business Machines Corporation (IBM)."

Yahoo Finance. "General Electric."

Yahoo Finance. "First Solar."

Yahoo Finance. "Bed Bath & Beyond Inc. (BBBY)."

U.S. Securities and Exchange Commission. "Investor Bulletin: Microcap Stock Basics (Part 1 of 3: General Information)."

Compare Accounts

Advertiser Disclosure

Provider

Name

Description

Small-Cap Stocks vs. Large-Cap Stocks: What's the Difference?

How Can I Use Market Capitalization to Evaluate a Stock?

What Happens After a Stock Split

What Is a Large Cap (Big Cap) Stock? Definition and How to Invest

Mid-Cap: Definition, Other Sizes, Valuation Limits, and Example

Market Capitalization vs. Market Value: What's the Difference?

Partner Links

Related Terms

What Is a Large Cap (Big Cap) Stock? Definition and How to Invest

Large cap (big cap) refers to a company with a market capitalization value of more than $10 billion.

Mid-Cap: Definition, Other Sizes, Valuation Limits, and Example

Mid-cap is the term given to companies with a market capitalization—or market value—between $2 and $10 billion.

Micro-Cap: Definition in Stock Investing, Risks Vs. Larger Caps

A micro-cap is a small company that has a market capitalization between $50 million and $300 million and is considered riskier than a large-cap stock.

Market Capitalization: What It Means for Investors

Market capitalization is the total dollar market value of a company's outstanding shares.

Mid-Cap Value Stock: What It is, How it Works, Example

In the stock markets, a mid-cap value stock is a moderate-sized company that is considered a good pick for value investors.

What Are Small-Cap Stocks, and Are They a Good Investment?

A small-cap stock has a total share value of $300 million to $2 billion, although the precise figures used vary among brokerages.

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Investopedia is part of the Dotdash Meredith publishing family.

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股票市值亦稱“股票市價”，股票在市場上的交易價格。股票市值是在股票市場上通過買賣雙方的競爭買賣形成的，是買賣雙方均認可的成交價格。決定和影響股票市值高低的因素較多，主要有股票面值、淨值、真值和市場供求關係等。一般講，股票市值是以面值為參考起點，以股票淨值和真值為依據，在市場供求關係的變動之中形成的。其中，股票值、真值與股票市值是同方向變化的，淨值、真值上升的股票，其市值必然會提高; 而市場供求關係主要是指資金的供求和股票本身的供求狀況。比如市場上資金供給比較充足，買進股票的資金力量強，股票市值就會上升; 反之，若股票市場上資金供給緊張，資金需求增大，買進股票的資金力量變弱而賣出股票的人增多，股票的市值則會下跌。再如，在市場資金關係不變的情況下，當股票供給數量增加而需求相對較少時，股票市值容易下降; 反之則容易抬高。另外，市場利率、幣值穩定程度、社會政治經濟形勢及人們的心理因素等都對股票市值的變動產生重要影響。

[1]

中文名

股票市值

外文名

Market Capitalization

別名

股票市價

簡稱

Market Cap

性質

一種度量公司資產規模的方式

決定因素

股價，股本

簡介

市值

舉例説明

股票指數

市值管理

市值配售

市值調整

股票市值簡介

市值（Market Capitalization，簡稱 Market Cap）是一種度量公司資產規模的方式，數量上等於該公司當前的股票價格乘以該公司所有的普通股數量。市值通常可以用來作為收購某公司的成本評估，市值的增長通常作為一個衡量該公司經營狀況的關鍵指標。市值也會受到非經營性因素的影響而產生變化，例如收購和回購。

[2]

股票市值市值

市值即為股票的市場價值，亦可以説是股票的市場價格計算出來的總價值，它包括股票的發行價格和交易買賣價格。股票的市場價格是由市場決定的。股票的面值和市值往往是不一致的。股票價格可以高於面值，也可以低於面值，但股票第一次發行的價格一般不低於面值。股票價格取決於預期股息的多少，銀行利息率的高低，及股票市場的供求關係。股票市場是一個波動的市場，股票市場價格亦是不斷波動的。股票的市場交易價格主要有：開市價，收市價，最高價，最低價。收市價是最重要的，是研究分析股市以及抑制股票市場行情圖表採用的基本數據。

[3]

股票市值舉例説明

如某一投資組合的總市值，就是按某一時刻的價格計算出來的所有股票的市值總和。如投資組合（A、B、C、D，1、1、1、5），現股票A、B、C、D的價格分別為1.5元、3元、6元和2元，則這個投資組合的市值為：1.5×1+3×1+6×1+2×5=20.5（元）一個股市的總市值，就是按某一日的收盤價格計算出來的所有股票的市值之和。為了以後表述的方便，現約定將一個投資組合在t時的市值表達成函數的形式Ft（A、B、C、D…，N1、N2、N3、N4…），其中A、B、C、D等是股票的名稱，N1、N2、N3、N4等是所選股票的權數。定理：在股票投資中，若投資組合相同，則投資收益率相等。設在N日以投資組合（A、B、C、D…，N1、N2、N3、N4…）購入股票，P日將其拋出，其投資收益率R為：R=（P日賣出時的價值－N日買入的價值）/N日買入的價值=（FP（A、B、C、D…，N1、N2、N3、N4…）－Fn（A、B、C、D…，N1、N2、N3、N4…））/Fn（A、B、C、D…，N1、N2、N3、N4…）當一個投資組合的權數都是另一個投資組合權數的K倍時，前者的市值是後者的K倍。在上式中，分子分母都乘以K，其數值仍然相等。有了投資組合及市值的概念以後就比較容易理解股票指數。

[4]

股票市值股票指數

在一般證券書刊中，股票指數的表達式為：股票指數=係數×（某些股票即時市值之和）/基準日的市值某些股票的即時市值，實質就是一個投資組合的即時市值。為表述的方便，以後都將計入指數的這個投資組合稱為指數投資組合，將其在t時的市值定義為Zt（A、B、C、D…，N1、N2、N3、N4…），其中A、B、C、D…等是股票名稱，N1、N2、N3、N4…等是權數。在上式中，基準日的市值及係數都是常數，可以合為係數K。則某一時刻t的股票指數ZSt的數學表達式為：ZSt=K×Zt（A、B、C、D…，N1、N2、N3、N4…）（1）即時股票指數=係數K×指數投資組合的即時市值（2）商務印書館《英漢證券投資詞典》解釋：市值 capitalization，market capitalization。亦作：總市值。名。不可數。美國英語。英國英語為：capitalisation。縮寫為：cap。公司資產的市場價值，即公司現有股份數額乘以每股市場價值。如某公司發行股票1億股，每股的市場價值為15元，公司的總市值為15億元。市值是投資者選擇投資品種的一個重要指標，市場上的股票根據市值規模分為大盤、中盤、小盤等。另為：estimated market cap；market cap。

[4]

股票市值市值管理

市值管理是建立在價值管理基礎上的，是價值管理的延伸。價值管理主要致力於價值創造，而市值管理不僅要致力於價值創造，還要進行價值實現。價值管理是基於公司股東價值最大化的管理體制，是強調價值創造的管理體制。企業集中於股東價值創造可以有效地平衡不同利益相關者之間相互衝突的利益。也就是説股東回報是首要的，因為只有保證股東能得到足夠的回報，公司才能受到資本市場的關注，獲得維持發展的資金。而其他利益相關者才能從公司的持續發展中受益。

[5]

市值管理是建立在價值管理基礎上的，是價值管理的延伸。價值管理主要致力於價值創造，而市值管理不僅要致力於價值創造，還要進行價值實現。價值管理是基於公司股東價值最大化的管理體制，是強調價值創造的管理體制。企業集中於股東價值創造可以有效地平衡不同利益相關者之間相互衝突的利益。也就是説股東回報是首要的，獲得維持發展的資金。而其他利益相關者才能從公司的持續發展中受益。市值是上市公司股本乘以股價之積(市值=股本×股價)股價是個變量，瞬息萬變，它直接傳導市場的真實波動，在股本可比的情況下，市值因股價的漲跌而增減。因此，市值的變化要看市場的臉色。在估值能力強有效的成熟市場裏，市值是上市公司投資價值的具體體現，等於上市公司全體股東的財富價值。但在中國這種弱有效市場中，股本×股價之積只是市值的外在表現，市值的內在本質在於它是公司綜合素質或價值的集中體現。證券投資學理論告訴人們，有兩大因素影響股價：一是內因，即股票的內在價值；一是外因，即市場對股票內在價值的發現和認同。前者是本，因為價格是價值的體現。好的價值，理論上來説，就會有一個好的價格；反之，沒有好的價值，就難有好的價格，即便出現了好價格，由於沒有價值的支撐，也不可能持久。然而，後者也是影響股價的重要因素。由於市場這隻無形之手，它有自己的估值標準、漲跌週期和行為偏好，加上信息不對稱因素，所以同樣價值的股票在市場上，可以有溢價和折價之分。市值差別=股價差別(如股本不變)市值的大小的確與股價漲跌密切相關；但真正決定市值的不是股價，而是股價背後、影響股價的深層價值因素(盈利能力、成長前景、行業地位、團隊素質、治理結構、運營規範、戰略思路、投資者關係)，人們不能僅僅將市值的大小由股價的高低來確定，還應該看看公司的深層因素。市值管理=股價管理(甚至股價操縱)市值管理的確需要關注股價，但關注決不等於直接管理甚至操縱。因為股價由市場形成，不能、不可、也不容許管理。從這個角度説，市值管理是價值管理，重心在決定價格基礎的價值上。市值管理=迎合市場(市場主力)市值管理需要考慮市場因素(週期、規律、市場人氣、投資偏好、估值標準等)，但考慮市場因素決不等於迎合市場。不迎合≠不理睬；你不理市值，市值不理你；市值管理是必修之課；市值管理要遵循市場規律，貴在因勢利導。市值管理=追求股價的最高化股價上揚的確對提升市值有直接影響，但股價最高化決非市值管理追求的目的；公司和股東價值最大化也不等於股價最高化。價值管理發端於成熟資本市場企業價值最大化理論，人們可以把價值管理定義為“企業通過各種手段實現儘可能高於投資者投資成本之資本收益”。價值管理是通過科學專業的方法與工具提高股東收益―― 這一收益將主要反映在企業股票市值上。公司價值之體現，涉及公司戰略、公司理財、公司治理、投資者關係4個方面的內容。而這4方面，又可細化出若干涉及企業方方面面的管理課題。與單純追求高股價相比，上市公司良好的價值管理更應該體現在能夠得到資本市場廣泛認同方面，機構投資者、中小投資者要認同公司的理念、內在價值，市場要認同公司能夠保持業績持續增長、維持估值目標。上市公司　作為中國資本市場的基礎性變革，股權分置改革的完成標誌替全流通時代已經到來。在這個全新的制度環境中，所有上市公司都將面臨一個問題：如何有效管理市值，如何有效激勵管理層。市值管理是公司經營哲學和經營理念的深刻轉型，這個轉型的核心內容是企業經營的目標從利潤最大化向企業價值最大化過渡。在成熟市場經濟和國際慣例裏，企業價值最大化(即市值最大化)已經成為公司經營的最高目標和體現經營績效的綜合性指標。傳統的“利潤最大化”成為一個追求市值最大化的過渡性指標。這種經營目標的轉型．將引發經營思維、經營內容、公司治理、業績考核、管理層激勵等方面的一系列變化。在股權分置情況下，當非流通股價格無法以流通價衡量時。非流通股股東傾向於以淨資產最大化而非市值最大化為目標。國有上市公司出於資產保值、增值的考慮，更是普遍選擇了將淨資產作為國有企業考核體系的核心因素。股改完成後，國有股獲得流通並體現出市場價格。股東價值取向逐漸趨於一致，企業價值的考核方式也在適時進行調整。現在將市值作為重要指標納入考核，有利於引導上市公司管理層關心公司市值變化，致力於實現公司價值最大化。繼股權激勵後，國賢委提出市值考核並不是偶然的，本質上是一個事物的兩個方面：雙輪驅動管理層努力實現公司價值最大化。資本市場全流通使所有股票都獲得了上市流通的權利，實現了“同股同價同權”，為上市公司市值反映公司內在價值搭建了一個良好的平台。投資者可以根據自己的預期對上市公司價值進行評估，得到一個其所偏好的市場價值，然後根據上市公司市值的表現來決定是買人還是賣出，股票市場價格發現功能開始恢復。近幾年來，中國股市中機構投資者的規模迅速增加．其在資本市場中的比重在2005年底已提高到25%，這改善了中國股市上的投資者構成，使整個證券交易市場上的投資者行為趨於理性，對上市公司的估值更接近於實際價值。由於所有股票都能夠在二級市場上流動，敵意收購的可能性將會增加。敵意收購指收購方在目標公司不情願的情況下，通過大量購買目標公司股票取得控股權的收購行為。市值被低估的上市公司最容易成為敵意收購者的目標。有時收購者目的是通過敵意收購擴大自己業務範圍，提高自身影響力。但更常見的是，在上市公司市值低估時低價購買公司，然後在市值恢復正常時賣出，從中賺取超額收益。這種做法會影響到上市公司正常經營活動，不利於上市公司長遠發展。而且，敵意收購忽略了管理層的意見，對公司內部來説是不受歡迎的。因此．上市公司有動力進行市值管理．避免其市值被低估。宏觀經濟　在股權分置條件下，因為股票價格不能準確反映上市公司的真實價值，股市作為宏觀經濟晴雨表的功能被扭曲。近年來．雖然中國GDP一直高速增長．股市表現卻不盡如人意，出現與宏觀經濟走勢相悖的怪現象。全流通後，伴隨着股票市場價格發現功能的恢復，股票市場中的市值表現將真正成為公司、行業、乃至整個宏觀經濟發展狀況的反映。市值管理同時也會給宏觀經濟帶來一定的影響。首先，隨着投資者對股市信心的恢復，會有一部分資金從銀行流入股市．股票市場上的資本量增加．上市公司的融資渠道擴大，融資成本降低。其次，股市資本配置功能逐漸完善，投資者根據自己的預期在不同行業間投資．這就能通過市場的力量完成資本配置。微觀經濟學原理表明，市場的配置是最有效率的。它能夠確保資本在不同行業間合理分配以實現收益最大化，那些最有發展潛力的行業將能夠吸引更多的資金。市值管理給資本市場帶來的變化將促進公司間的發展和競爭，從而推動整個宏觀經濟健康發展。存在問題　全流通是中國股市建立以來意義最為深遠的一次變革。股市基本功能開始健全，投資者信心得以恢復。但由於中國股市發展還不夠完善．市值管理還存在一些問題。其根本問題是，中國股市是一個弱有效市場．上市公司市值變化難以迅速準確地反映其內在價值的變化。一個完善的股票市場需要有資金參與，需要有大型上市公司作為標的，需要富有彈性的價格機制，需要有良好的信息傳遞機制以及大量理性投資者雖然股權分置改革以來，中國股市在這些方面有了很大提高，但與發達資本市場相比還存在着很大差距。全流通帶來的利好消息吸引了大量資金進入股市，擴充了市場容量，市場定價機制在逐漸恢復。同時，由於股市上機構投資者比例提高，市場上的投資者行為呈現出較強的理性色彩。全流通給市場帶帶了很大變化，使市場逐漸走向成熟，股市基本功能開始恢復，但僅僅依靠市場的手段是難以解決所有問題的。國家有關部門要完善立法，規範投資者行為，建立透明的信息披露機制，為市值管理建立一個良好的法律監管環境。

股票市值市值配售

市值配售是針對二級市場投資者的流通市值進行的新股發行方式，即每10000元的股票市值可獲得1000股的認購權，再通過參與委託及搖獎中籤的方式確認是否中籤，如果配號與中籤號一致，且帳户有足夠的資金，則在扣款時，會在帳户中扣除中籤金額，直到上市前一天晚上中籤股票會進入帳户中。

[6]

股票市值市值調整

市值調整，又稱盯市（英文：Mark to market ，縮寫為 MTM）。在每個上報數據期限內，如進行季報的月份，根據市值對公司所持有的證券的價值進行測算，並對相應賬務進行調整。盯市；逐日盯市:對保證金、期貨交易賬户的市值逐日計算的會計程序。1、根據股票市值對保證金交易賬户餘額進行計算，確定投資者是否需要追加保證金；2、每天對期貨交易合約市值進行跟蹤，判斷投資者是否需要追加保證金；3、根據投資組合市值每天對互惠基金份額價值進行調整，以便投資者加入和退出基金。

參考資料

李偉民．金融大辭典：黑龍江人民出版社，2002－11

市值

．和訊[引用日期2013-05-19]

市值

．MBA智庫[引用日期2013-05-19]

什麼是市值

．華訊[引用日期2013-05-19]

市值管理與價值管理的關係

．金融界[引用日期2013-05-19]

什麼是市值配售

．金融界[引用日期2013-05-19]

圖集

股票市值的概述圖（1張）

詞條統計

瀏覽次數：次

編輯次數：34次歷史版本

市值 (Market Cap)：我如何在投资中使用市值？

Market Cap)：我如何在投资中使用市值？ Trading involves risk 差价合约是复杂的产品，并且由于杠杆作用具有快速亏损的高风险。 expand_more_24px ✕ NewHomepage2022.uk-cy-new-homepage-risk-warning 帮助中心联系我们登录注册登录 arrow_forward_24px 开始交易投资股票和 ETF 模拟交易账户帐户类型入金&出金伊斯兰外汇账户零星投资新的 Asset Management 新的文件和政策交易平台交易平台 MetaTrader 5 MetaTrader 4 MetaTrader 网页版交易应用程序 Admirals 平台新的 open_in_new_24px 交易工具 MetaTrader 至尊版 StereoTrader 新的虚拟专用服务器新的用于MAC的Parallels 新的产品市场外汇大宗商品股指股票 ETFs 加密货币工具 GER 40 DJI30 黄金原油欧元/美元 GBP/USD 最佳条件合约规格保证金要求欢迎赠金新的返现教育外汇与 CFD 网络研讨会文章和教程外汇与 CFD 研讨会交易员术语表常见问题 E-books 分析外汇日历交易新闻每周市场分析播报技术分析伙伴关系介绍业务合作伙伴关于我们为什么选择 Admirals？监管保护您的交易账户联系 Admirals 公司新闻帮助中心登录注册 menu_24px account_circle_24px dashboard_24px Dashboard open_in_new_24px MT5 网页版交易 assessment_24px 高级数据分析 account_circle_24px 个人资料 arrow_drop_down_24px exit_to_app_24px 退出 arrow_back_24px Back 个人信息订阅首选项 Home 教育文章和教程股票什么是公司的市值？什么是公司的市值？ Roberto Rivero Mar 5, 2024 如果您读过有关股票市场或经济的文章，您可能会遇到过“市值”一词。但什么是市值？这可以告诉我们关于该公司的什么信息？在这篇文章中我们将详细回答这些问题。另外，我们还将介绍市值是否是购买股票的良好指标，如何利用市值将公司分为不同的类别，等等！目录股票的市值是多少？市值和股价按市值划分的公司类别公司的市值代表什么？指数和市值市值是购买股票的良好指标吗？有关市值的常见问题股票的市值是多少？上市股票或公司的市值 (Market cap) – 指以其报价货币表示的流通股票的总价值。该数字是通过将已发行股票数量乘以每股股票的当前市场价值得出的。例如，X 公司有 500,000 股已发行股票，当前市场价格为每股 100 美元。市值将为 5000 万美元 (500,000 x 100)。公司的市值表明了其总规模，因此这个数字可以向潜在投资者提供很多关于投资一家公司的可能性的信息，正如我们稍后将看到的。市值和股价人们普遍认为公司的股价反映了它的规模、成功程度或价值。然而，情况并非一定如此。市值可以更准确地反映公司的成功和规模。通过比较两家公司就可以很容易地验证这一事实：A 公司 B 公司股价 = 100 美元已发行股票 = 100,000 市值 = 1000 万美元股价 = 50 美元已发行股票 = 500,000 市值 = 2500 万美元正如您所看到的，虽然 A 公司的股价较高，但 B 公司的市值要大得多，这表明它比第一家公司更有价值、更成功。按市值划分的公司类别投资者传统上将公司分为大盘股、中盘股和小盘股。然而，最近，术语“超级股”、“微型股”甚至“纳米股”也被广泛使用。下表列出了不同市值类别。市值类别分类市值区间超级股 (Mega-Cap) 超过 2000 亿美元大盘股 (Large-Cap) 100 亿美元至 2000 亿美元中盘股 (Mid-Cap) 20 亿至 100 亿美元小盘股 (Small-Cap) 3 亿美元 - 20 亿美元微型股 (Micro-Cap) 5000 万至 3 亿美元纳米股 (Nano-Cap) 不到 5000 万美元随着时间的推移，随着规模的扩大或价值的贬值，公司往往会分为不同的类别。通过 Admirals 模拟交易账户，您可以随时在真实的市场环境中测试您的投资理念和策略，而无需承担任何真实资金的风险。立即点击下面的横幅即可完全免费开设模拟账户！使用无风险模拟账户进行交易练习使用虚拟资金进行交易开设模拟账户公司的市值代表什么？市值让我们了解公司的规模。但潜在投资者可以从中得到什么？公司的市值可以很大程度上反映投资公司的潜在风险和回报。小市值公司与投资大公司相比，投资小市值公司的风险更高。不过，风险越高，潜在回报也越高，因为小公司有更大的发展空间。市值较小的公司被其他规模较小的公司或多元化发展到其他行业的规模较大的公司挤出市场的几率较高。与大公司相比，由于资源较少，它们也更容易受到经济下滑或衰退的影响。不过，如果投资者选择正确，投资市值较小的公司也能获得成倍的回报。例如，当在线零售商亚马逊于 1997 年开始以每股 18 美元的价格出售股票时，该公司的市值约为 4.38 亿美元。2023 年 8 月，亚马逊的股价约为 3450 美元，约合 137 美元，市值达到惊人的 1.43 万亿美元。值得一提的是，2022 年 6 月 6 日，该公司进行了 20:1 的股票拆分，当时每股价值 2785 美元。资料来源：Admirals MetaTrader 5、亚马逊、每周 - 数据范围：2011 年 1 月 1 日至 2023 年 8 月 18 日 (截至 2023 年 8 月 18 日)。过去的表现并不是未来表现的可靠指标。交易小盘股市值较小的公司的股价可能会更加波动。这些股票的高风险和高回报使它们对希望从市场波动中获利的短期交易者更具吸引力。通过使用差价合约 (CFD) 交易股票，交易者可以从价格上涨和下跌中获利，这使其成为交易波动市场的理想选择。通过 Admirals，您可以交易 3,000 多种股票的差价合约以及许多其他金融市场的工具。单击下面的横幅立即开设账户！股票和 ETF 差价合约与 Admirals 交易股票和 ETF 差价合约开始交易大市值公司一般来说，大市值或超大市值公司在其特定行业中非常知名。这类公司的股票有时被称为 "蓝筹股"。投资这些公司的风险比投资其他公司要小，因为它们已经取得了一定程度的成功，表现优于竞争对手，并确立了自己的市场领导地位。不过，虽然投资大市值公司的风险较低，但潜在回报也会较低，因为这些公司的增长速度往往比其他公司慢。原因在于，顾名思义，这些公司已经取得了成功，因此强劲增长期已经过去。当企业达到这一水平时，其增长不可避免地会放缓。投资大市值公司由于风险较低且持续增长，大市值公司是长期投资者的理想投资机会。这类公司也更有可能向股东支付股息。指数和市值许多流行的股票指数使用市值来确定哪些股票将包含在指数中以及包含在指数中的比例。例如，英国的 FTSE100 指数由伦敦证券交易所上市的市值最大的 100 家公司组成。公司必须至少有 25% 的股份为自由流通股，才有资格被纳入该指数。被动投资和指数基金的兴起意味着越来越多的投资者资金被动地跟踪指数。例如，FTSE100 指数基金和许多 ETF (交易所交易基金) 将包括 FTSE100 指数中的所有股票。这意味着，如果股价变化导致 A 公司从指数中剔除，由 B 公司取而代之，那么 FTSE100 指数基金就必须卖出 A 公司，买入 B 公司。这反过来又很可能导致 A 公司股价下跌，而 B 公司股价在富时指数公布其指数变化时上涨。资料来源：Admirals MetaTrader 5、FTSE100、每日 - 数据范围：2016 年 11 月 16 日至 2023 年 8 月 18 日 (截至 2023 年 8 月 18 日)。过去的表现并不是未来表现的可靠指标。许多交易者和投资者试图通过预测指数构成的变化并进行相应的交易，从这些可预测的股票价格变化中赚钱。就 S&P 500 指数而言，由于流动性、行业和在美国持有的资产比例等其他因素也在考虑之列，因此是否纳入任何公司在很大程度上并不取决于市值。尽管如此，交易者仍会在 S&P 500 指数的每个季度回顾中尝试预测哪些股票会被纳入。市值是购买股票的良好指标吗？虽然市值能让投资者很好地了解一家公司的风险/回报比，但在评估潜在投资的优劣时，绝不能将其作为唯一的指标。如果您想从股票波动中获利，那么小市值公司将更具吸引力。但在这种情况下，您需要关注其他因素，如新闻和股价的近期走势。另一方面，如果您喜欢长期、低风险的投资，那么大市值公司可能更适合您。不过，在决定是否值得投资之前，不仅要分析市值，还要分析公司的基本面和当前股价。在任何情况下，仅凭市值无法为您提供所需的所有答案。如果您想开始投资 Admirals 的股票或 ETF，请点击以下横幅：投资世界顶级工具数以千计的股票和 ETF 触手可及开始投资有关市值的常见问题什么是市值？简单来说，市值是公司所有已发行股票的市场价值。如何估算市值？市值可以通过将公司已发行股票数量乘以当前每股市场价值来获得。例如，一家公司有 100,000 股已发行股票，当前每股市值为 100 美元，因此该公司的市值为：100,000 x 100 = 1000 万美元。您可能感兴趣的其他阅读文章：世界上最重要的证券交易所 2023 年最值得关注的 5 只日本股票交易中的陷阱：牛市陷阱和熊市陷阱关于 AdmiralsAdmirals 是一家屡获殊荣、受全球监管的外汇和差价合约经纪商，通过全球最受欢迎的交易平台 MetaTrader 4 和 MetaTrader 5 提供超过 8,000 种金融工具的交易。立即开始交易！本材料不包含也不应被解释为包含投资建议、投资推荐、金融工具任何交易的要约或招揽。请注意，此类交易分析不是任何当前或未来表现的可靠指标，因为情况可能会随着时间而改变。在做出任何投资决定之前，您应该征求独立财务顾问的意见，以确保您了解风险。 Roberto Rivero 金融作家，Admirals，伦敦 Roberto 花了 11 年时间为交易者和基金经理设计交易和决策系统，并在S&P工作了 13 年，与专业投资者合作。他拥有经济学理学士学位和 MBA 学位，自 1990 年代中期以来一直是活跃的投资与 Roberto Rivero 会面翻译者： xiaoming.ma 开始交易！注册我们的无风险模拟账户以练习交易。准备好真实交易了吗？开设真实账户并开始使用开立真实账户开立模拟账户热门文章如何投资亚马逊以及为什么投资三月 14, 2024 近年来，亚马逊股价上涨超过 1,500%。今天购买亚马逊股票意味着投资的不仅仅是电子商务：该公司已经广泛实现业务多元化，而这仅仅是一个开始。 ✺ 2023 年第二季度，亚马逊营收超出市场预期。✺ 为了使其股票更具投资价值，亚马逊对其股票进行了 20:1 的拆分。✺ 亚马逊成为历史上第二家市值突破万亿美元的公司。在... 2023 年投资 Facebook 股票三月 12, 2024 2023 年投资 Facebook 股票的决定需要详细分析，因为马克·扎克伯格从根本上改变了公司的长期战略，首先是更名：现在称为 Meta。这一变化对 Facebook 的价格有何影响？我们将详细分析这组社交网络，并逐步告诉您如何投资它们。✺ Facebook 是 FAANG 集团 (Facebook、Apple、Amazon、Netflix 和 Google) 的一... 2023 年如何购买和投资可口可乐股票三月 09, 2024 2023 年可口可乐股票值得买吗？这家领先的软饮料公司除了创造可观的收入外，几十年来一直在派息，而且每次派息的规模都在不断扩大。值得注意的是，该公司甚至没有为其可口可乐饮料的生产申请专利。事实上，可口可乐公司已将可口可乐的秘方变成了营销武器：美味且无与伦比！✺ 可口可乐是 Dividend Aristocrats 公司集... 查看全部开始交易投资股票和 ETF 模拟交易账户帐户类型入金&出金伊斯兰外汇账户零星投资 Asset Management 文件和政策交易平台 MetaTrader 5 MetaTrader 4 MetaTrader 网页版交易应用程序 Admirals 平台 MetaTrader 至尊版 StereoTrader 虚拟专用服务器用于MAC的Parallels 产品外汇大宗商品股指股票 ETFs 加密货币合约规格保证金要求欢迎赠金返现教育外汇与 CFD 网络研讨会文章和教程外汇与 CFD 研讨会交易员术语表常见问题 E-books 分析外汇日历交易新闻每周市场分析播报技术分析伙伴关系介绍业务合作伙伴关于我们为什么选择 Admirals？监管保护您的交易账户联系 Admirals 公司新闻帮助中心风险警告：网站上的信息并不针对任何分布或使用违反当地法律或法规的国家或地区。Admirals SC Ltd(注册号8426894-1)拥有以“Admiral Markets”品牌经营的必要许可和批准。“ Admirals SC Ltd或Admiral Markets”在本网站中的引用应构成Admirals SC Ltd的行为。Admirals SC Ltd是塞舌尔金融服务管理局(FSA)授权的塞舌尔证券交易商，许可证号为SD073。本网站中包含的信息仅是一般信息，并未考虑您的目标，财务状况或需求。本网站的内容不得解释为个人建议。在决定投资Admirals提供的任何产品或服务之前，我们建议您寻求独立的建议，并确保您在交易之前完全了解所涉及的风险，并仔细考虑您的目标，财务状况，需求和经验水平。在决定是否购买本网站提及的任何产品或服务之前，请务必阅读并考虑相关的业务条款。 Admirals 不对因使用或依赖此类信息而直接或间接产生的任何损失或损害负责，包括但不限于任何利润损失。外汇交易具有高风险，可能并不适合所有投资者。可用的高杠杆可以放大利润和损失。您的损失可能会超过您的初始入金。交易前，请仔细考虑风险和固有成本，并根据需要寻求独立建议。还存在与在线交易相关的风险，包括但不限于硬件和/或软件故障，以及通信系统和互联网连接的中断。Admirals 利用众多备份系统和程序来最大限度地降低此类风险，并减少任何中断和故障的持续时间和严重程度。Admirals 不对任何损失或损害负责，包括但不限于任何利润损失，这些损失或损害可能因故障、中断或延迟而直接或间接产生。地址：Suite 3, Global Village, Jivan`s Complex, Mont Fleuri, Mahé, Seychelles 有权以 Admirals 的名义作为特许经营商经营。与Paysafe Group相关的所有付款均由Pemax Services Ltd(编号HE 320715)提供便利，该公司注册于塞浦路斯尼科西亚Dramas2楼，是Admirals SC Ltd的付款代理。卡交易由我们的业务合作伙伴 Pemax Services Ltd (注册号 HE 320715) 处理，其注册和营业办公地址位于 Archiepiskopou Makariou III, 88, Floor 1, 1077, 尼科西亚, 塞浦路斯。隐私政策

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