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). Mirvac Group's share price for the quarter that ended in Dec. 2023 was $1.41. Mirvac Group's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 3,945 Mil. Therefore, Mirvac Group's market cap for the quarter that ended in Dec. 2023 was $5,562 Mil.
Mirvac Group's quarterly market cap
increased
from Dec. 2022 ($4,812 Mil) to Jun. 2023 ($5,049 Mil) and
increased
from Jun. 2023 ($5,049 Mil) to Dec. 2023 ($5,562 Mil).
Mirvac Group's annual market cap
declined
from Jun. 2021 ($8,935 Mil) to Jun. 2022 ($5,558 Mil) and
declined
from Jun. 2022 ($5,558 Mil) to Jun. 2023 ($5,049 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. Mirvac Group's Enterprise Value for Today is $8,028 Mil.
Mirvac Group Market Cap Historical Data
The historical data trend for Mirvac Group'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 Mirvac Group's Market Cap
For the REIT - Diversified subindustry, Mirvac Group'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.
Mirvac Group's Market Cap Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Mirvac Group's Market Cap distribution charts can be found below:
* The bar in red indicates where Mirvac Group's Market Cap falls into.
Mirvac Group 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.
Mirvac Group's Market Cap for the fiscal year that ended in Jun. 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.
Mirvac Group (OTCPK:MRVGF) 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.
Mirvac Group Market Cap Related Terms
Thank you for viewing the detailed overview of Mirvac Group's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Mirvac is one of Australia's largest residential developers, particularly apartments. Residential development earnings are volatile, generating about a fifth of EBIT in fiscal 2023, despite accounting for only about 15% of the group's invested capital. Over our 10-year discrete forecast period we don't expect residential development to exceed the lofty peaks seen in 2017, when Mirvac settled 3,400 residential lots, however, we expect modest growth over time as Mirvac gains market share and constructs housing into an under-supplied market. About 80% of Mirvac's earnings come from a predictable commercial property portfolio, more than half of which is high-grade office and another fourth in retail, a small industrial portfolio, and a small but growing build-to-rent residential portfolio.
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