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). Rocket's share price for the quarter that ended in Dec. 2023 was $14.48. Rocket's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 136 Mil. Therefore, Rocket's market cap for the quarter that ended in Dec. 2023 was $1,967 Mil.
Rocket's quarterly market cap
declined
from Jun. 2023 ($1,139 Mil) to Sep. 2023 ($1,074 Mil) but then
increased
from Sep. 2023 ($1,074 Mil) to Dec. 2023 ($1,967 Mil).
Rocket's annual market cap
declined
from Dec. 2021 ($1,770 Mil) to Dec. 2022 ($864 Mil) but then
increased
from Dec. 2022 ($864 Mil) to Dec. 2023 ($1,967 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. Rocket's Enterprise Value for Today is $13,505 Mil.
Rocket Market Cap Historical Data
The historical data trend for Rocket'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.
For the Mortgage Finance subindustry, Rocket'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.
Rocket's Market Cap Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Rocket's Market Cap distribution charts can be found below:
* The bar in red indicates where Rocket's Market Cap falls into.
Rocket 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.
Rocket'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.
Rocket (NYSE:RKT) 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.
Rocket Market Cap Related Terms
Thank you for viewing the detailed overview of Rocket's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Rocket Companies is a financial services company that was originally founded as Rock Financial in 1985 and is currently based in Detroit. Rocket Companies offers a wide array of services and products but is best known for its Rocket Mortgage business. The company's mortgage lending operations are split between its direct-to-consumer lending, which sees borrowers accessing the company's lending arm directly through either its mobile app or website, and its partner network where mortgage brokers and other firms use Rocket's origination process to offer loans to their customers. The company has rapidly gained market share in recent years and is now the largest mortgage originator in the U.S. as well as the servicer for more than 2 million loans.
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