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). IT Tech Packaging's share price for the quarter that ended in Dec. 2023 was $0.3099. IT Tech Packaging's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 10.07 Mil. Therefore, IT Tech Packaging's market cap for the quarter that ended in Dec. 2023 was $3.12 Mil.
IT Tech Packaging's quarterly market cap
declined
from Jun. 2023 ($4.73 Mil) to Sep. 2023 ($3.95 Mil) and
declined
from Sep. 2023 ($3.95 Mil) to Dec. 2023 ($3.12 Mil).
IT Tech Packaging's annual market cap
declined
from Dec. 2021 ($22.78 Mil) to Dec. 2022 ($4.63 Mil) and
declined
from Dec. 2022 ($4.63 Mil) to Dec. 2023 ($3.12 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. IT Tech Packaging's Enterprise Value for Today is $10.81 Mil.
IT Tech Packaging Market Cap Historical Data
The historical data trend for IT Tech Packaging'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 IT Tech Packaging's Market Cap
For the Paper & Paper Products subindustry, IT Tech Packaging'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.
IT Tech Packaging's Market Cap Distribution in the Forest Products Industry
For the Forest Products industry and Basic Materials sector, IT Tech Packaging's Market Cap distribution charts can be found below:
* The bar in red indicates where IT Tech Packaging's Market Cap falls into.
IT Tech Packaging 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.
IT Tech Packaging'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.
IT Tech Packaging (AMEX:ITP) 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.
IT Tech Packaging Market Cap Related Terms
Thank you for viewing the detailed overview of IT Tech Packaging's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
IT Tech Packaging (IT Tech Packaging) Business Description
IT Tech Packaging Inc is a holding company engaged in the business of paper manufacturing in China. The company operates as a producer and distributor of paper products. It involves in production and distribution of three categories of paper products: packing paper (corrugating medium paper), offset printing paper, and tissue paper products. It also produces digital photo paper. Its business is structured into two segments Dongfang Paper and Tengsheng Paper which produces offset printing paper and corrugating medium paper, tissue paper and Baoding Shengde which produces face masks and digital photo paper.
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