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). Inrad Optics's share price for the quarter that ended in Mar. 2024 was $1.49. Inrad Optics's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 14.25 Mil. Therefore, Inrad Optics's market cap for the quarter that ended in Mar. 2024 was $21.23 Mil.
Inrad Optics's quarterly market cap
declined
from Sep. 2023 ($22.86 Mil) to Dec. 2023 ($16.33 Mil) but then
increased
from Dec. 2023 ($16.33 Mil) to Mar. 2024 ($21.23 Mil).
Inrad Optics's annual market cap
increased
from Dec. 2021 ($16.20 Mil) to Dec. 2022 ($24.37 Mil) but then
declined
from Dec. 2022 ($24.37 Mil) to Dec. 2023 ($16.33 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. Inrad Optics's Enterprise Value for Today is $18.78 Mil.
Inrad Optics Market Cap Historical Data
The historical data trend for Inrad Optics'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 Inrad Optics's Market Cap
For the Electronic Components subindustry, Inrad Optics'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.
Inrad Optics's Market Cap Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Inrad Optics's Market Cap distribution charts can be found below:
* The bar in red indicates where Inrad Optics's Market Cap falls into.
Inrad Optics 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.
Inrad Optics'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.
Inrad Optics (OTCPK:INRD) 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.
Inrad Optics Market Cap Related Terms
Thank you for viewing the detailed overview of Inrad Optics's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Inrad Optics Inc develops, manufactures and markets products and services for use in photonics industry sectors. It is a vertically integrated manufacturer focusing on crystal-based optical components and devices, custom optical components from both glass and metal, and precision optical and optomechanical assemblies. Its product categories include Optical Components and Laser System Devices/Instrumentation. The company's customers include corporations in the defense, aerospace, laser systems, process control, and metrology sectors of the photonics industry, as well as the United States Government, National Laboratories and universities around the world.
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