Park Hotels & Resorts's quarterly market cap
declined
from Jun. 2023 ($2,766 Mil) to Sep. 2023 ($2,587 Mil) but then
increased
from Sep. 2023 ($2,587 Mil) to Dec. 2023 ($3,213 Mil).
Park Hotels & Resorts's annual market cap
declined
from Dec. 2021 ($4,465 Mil) to Dec. 2022 ($2,642 Mil) but then
increased
from Dec. 2022 ($2,642 Mil) to Dec. 2023 ($3,213 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. Park Hotels & Resorts's Enterprise Value for Today is $7,434 Mil.
* 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 Park Hotels & Resorts's Market Cap
For the REIT - Hotel & Motel subindustry, Park Hotels & Resorts'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.
Park Hotels & Resorts's Market Cap Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Park Hotels & Resorts's Market Cap distribution charts can be found below:
* The bar in red indicates where Park Hotels & Resorts's Market Cap falls into.
Park Hotels & Resorts 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.
Park Hotels & Resorts'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.
Park Hotels & Resorts (NYSE:PK) 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.
Park Hotels & Resorts Market Cap Related Terms
Thank you for viewing the detailed overview of Park Hotels & Resorts's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Park Hotels & Resorts (Park Hotels & Resorts) Business Description
Park Hotels & Resorts owns upper-upscale and luxury hotels with 26,373 rooms across 41 hotels in the United States. Park also has interests through joint ventures in another 2,656 rooms in four U.S. hotels. Park was spun out of narrow-moat Hilton Worldwide Holdings at the start of 2017, so most of the company's hotels are still under Hilton brands. The company has sold all its international hotels and many of its lower-quality U.S. hotels to focus on high-quality assets in domestic gateway markets.
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