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). Texas Pacific Land's share price for the quarter that ended in Dec. 2023 was $524.15. Texas Pacific Land's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 23.0 Mil. Therefore, Texas Pacific Land's market cap for the quarter that ended in Dec. 2023 was $12,059.5 Mil.
Texas Pacific Land's quarterly market cap
increased
from Jun. 2023 ($10,109.6 Mil) to Sep. 2023 ($13,887.3 Mil) but then
declined
from Sep. 2023 ($13,887.3 Mil) to Dec. 2023 ($12,059.5 Mil).
Texas Pacific Land's annual market cap
increased
from Dec. 2021 ($9,686.4 Mil) to Dec. 2022 ($18,040.4 Mil) but then
declined
from Dec. 2022 ($18,040.4 Mil) to Dec. 2023 ($12,059.5 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. Texas Pacific Land's Enterprise Value for Today is $12,895.6 Mil.
Texas Pacific Land Market Cap Historical Data
The historical data trend for Texas Pacific Land'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 Texas Pacific Land's Market Cap
For the Oil & Gas E&P subindustry, Texas Pacific Land'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.
Texas Pacific Land's Market Cap Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Texas Pacific Land's Market Cap distribution charts can be found below:
* The bar in red indicates where Texas Pacific Land's Market Cap falls into.
Texas Pacific Land 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.
Texas Pacific Land'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.
Texas Pacific Land (NYSE:TPL) 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.
Texas Pacific Land Market Cap Related Terms
Thank you for viewing the detailed overview of Texas Pacific Land's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Texas Pacific Land (Texas Pacific Land) Business Description
Texas Pacific Land Corp is mainly engaged in sales and leases of land owned, retaining oil and gas royalties, and the overall management of the land owned. It operates its business in two segments including Land and Resource Management and Water Service and Operations. The Land and Resource Management segment focuses on managing its oil and gas royalty interest and surface acres located in 19 different counties. The Water Service and Operations segment includes Water Sourcing, Produced Water Gathering / Treatment / Recycling, Infrastructure Development, Produced Water Disposal, Water Tracking / Analytics / Well Testing.
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