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). Heritage Global's share price for the quarter that ended in Dec. 2023 was $2.78. Heritage Global's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 36.76 Mil. Therefore, Heritage Global's market cap for the quarter that ended in Dec. 2023 was $102.20 Mil.
Heritage Global's quarterly market cap
declined
from Jun. 2023 ($133.58 Mil) to Sep. 2023 ($115.15 Mil) and
declined
from Sep. 2023 ($115.15 Mil) to Dec. 2023 ($102.20 Mil).
Heritage Global's annual market cap
increased
from Dec. 2021 ($68.39 Mil) to Dec. 2022 ($86.79 Mil) and
increased
from Dec. 2022 ($86.79 Mil) to Dec. 2023 ($102.20 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. Heritage Global's Enterprise Value for Today is $89.82 Mil.
Heritage Global Market Cap Historical Data
The historical data trend for Heritage Global'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 Heritage Global's Market Cap
For the Capital Markets subindustry, Heritage Global'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.
Heritage Global's Market Cap Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Heritage Global's Market Cap distribution charts can be found below:
* The bar in red indicates where Heritage Global's Market Cap falls into.
Heritage Global 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.
Heritage Global'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.
Heritage Global (NAS:HGBL) 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.
Heritage Global Market Cap Related Terms
Thank you for viewing the detailed overview of Heritage Global's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Heritage Global (Heritage Global) Business Description
Heritage Global Inc values and monetizes industrial and financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. It aids in facilitating the economy by diverting useful industrial assets from landfills and operating a supply chain by overseeing the post-sale account activity of financial assets. The group operates in four segments namely Auction and Liquidation; Refurbishment and Resale; Brokerage and Specialty Lending. It generates maximum revenue from the Auction and Liquidation segment. The Auction and Liquidation segment, through HGP, operates as a global full-service auction, appraisal, and asset advisory firm, including the acquisition of turnkey manufacturing facilities and used industrial machinery and equipment.
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