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). Herc Holdings's share price for the quarter that ended in Mar. 2024 was $168.3. Herc Holdings's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 28 Mil. Therefore, Herc Holdings's market cap for the quarter that ended in Mar. 2024 was $4,763 Mil.
Herc Holdings's quarterly market cap
increased
from Sep. 2023 ($3,366 Mil) to Dec. 2023 ($4,199 Mil) and
increased
from Dec. 2023 ($4,199 Mil) to Mar. 2024 ($4,763 Mil).
Herc Holdings's annual market cap
declined
from Dec. 2021 ($4,650 Mil) to Dec. 2022 ($3,802 Mil) but then
increased
from Dec. 2022 ($3,802 Mil) to Dec. 2023 ($4,199 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. Herc Holdings's Enterprise Value for Today is $8,920 Mil.
Herc Holdings Market Cap Historical Data
The historical data trend for Herc Holdings'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 Herc Holdings's Market Cap
For the Rental & Leasing Services subindustry, Herc Holdings'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.
Herc Holdings's Market Cap Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Herc Holdings's Market Cap distribution charts can be found below:
* The bar in red indicates where Herc Holdings's Market Cap falls into.
Herc Holdings 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.
Herc Holdings'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.
Herc Holdings (NYSE:HRI) 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.
Herc Holdings Market Cap Related Terms
Thank you for viewing the detailed overview of Herc Holdings's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Herc Holdings (Herc Holdings) Business Description
Herc Holdings is an equipment rental company that was spun out of Hertz Global in 2016. It is currently the third-largest equipment rental company (4% market share) in North America, after United Rentals and Sunbelt Rentals, with a fleet size of $6.2 billion. It serves commercial and residential construction customers, the environmental sector, industrial entities, and entertainment production companies. During much of its 50-year-plus history, the company has rented equipment such as aerial lifts to its customers for intermittent use. More recently, it has broadened its catalog to include a host of specialty items. Separately, Herc Holdings' strategy now incorporates long-term rentals to industrial customers where Herc maintains its own staff at the customer site.
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