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). Trio Petroleum's share price for the quarter that ended in Jan. 2024 was $0.1642. Trio Petroleum's Shares Outstanding (EOP) for the quarter that ended in Jan. 2024 was 32.35 Mil. Therefore, Trio Petroleum's market cap for the quarter that ended in Jan. 2024 was $5.31 Mil.
Trio Petroleum's quarterly market cap
declined
from Jul. 2023 ($23.85 Mil) to Oct. 2023 ($16.70 Mil) and
declined
from Oct. 2023 ($16.70 Mil) to Jan. 2024 ($5.31 Mil).
Trio Petroleum's annual market cap
stayed the same
from Oct. 2021 ($0.00 Mil) to Oct. 2022 ($0.00 Mil) but then
increased
from Oct. 2022 ($0.00 Mil) to Oct. 2023 ($16.70 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. Trio Petroleum's Enterprise Value for Today is $9.59 Mil.
Trio Petroleum Market Cap Historical Data
The historical data trend for Trio Petroleum'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 Trio Petroleum's Market Cap
For the Oil & Gas E&P subindustry, Trio Petroleum'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.
Trio Petroleum's Market Cap Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Trio Petroleum's Market Cap distribution charts can be found below:
* The bar in red indicates where Trio Petroleum's Market Cap falls into.
Trio Petroleum 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.
Trio Petroleum's Market Cap for the fiscal year that ended in Oct. 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.
Trio Petroleum (AMEX:TPET) 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.
Trio Petroleum Market Cap Related Terms
Thank you for viewing the detailed overview of Trio Petroleum's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Trio Petroleum (Trio Petroleum) Business Description
Trio Petroleum Corp is a California-focused oil and gas exploration and development company. It acquires, fund, and operate oil exploration and production from assets in California.
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