Patterson-UTI Energy's quarterly market cap
declined
from Sep. 2023 (€5,717 Mil) to Dec. 2023 (€4,030 Mil) but then
increased
from Dec. 2023 (€4,030 Mil) to Mar. 2024 (€4,482 Mil).
Patterson-UTI Energy's annual market cap
increased
from Dec. 2021 (€1,593 Mil) to Dec. 2022 (€3,353 Mil) and
increased
from Dec. 2022 (€3,353 Mil) to Dec. 2023 (€4,030 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. Patterson-UTI Energy's Enterprise Value for Today is €4,827 Mil.
Patterson-UTI Energy Market Cap Historical Data
The historical data trend for Patterson-UTI Energy'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 Patterson-UTI Energy's Market Cap
For the Oil & Gas Drilling subindustry, Patterson-UTI Energy'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.
Patterson-UTI Energy's Market Cap Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Patterson-UTI Energy's Market Cap distribution charts can be found below:
* The bar in red indicates where Patterson-UTI Energy's Market Cap falls into.
Patterson-UTI Energy 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.
Patterson-UTI Energy'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.
Patterson-UTI Energy (STU:PE1) 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.
Patterson-UTI Energy Market Cap Related Terms
Thank you for viewing the detailed overview of Patterson-UTI Energy's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Patterson-UTI Energy (STU:PE1) Business Description
Patterson-UTI Energy is one of the largest land rig drilling contractors in the United States and maintains moderately sized pressure-pumping operations primarily in Texas and the Appalachian region, plus some modest operations in Colombia. It also provides directional drilling services and tool rental services in most U.S. onshore oil and gas basins.
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