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). Cactus's share price for the quarter that ended in Dec. 2023 was $45.4. Cactus's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 65 Mil. Therefore, Cactus's market cap for the quarter that ended in Dec. 2023 was $2,970 Mil.
Cactus's quarterly market cap
increased
from Jun. 2023 ($2,734 Mil) to Sep. 2023 ($3,280 Mil) but then
declined
from Sep. 2023 ($3,280 Mil) to Dec. 2023 ($2,970 Mil).
Cactus's annual market cap
increased
from Dec. 2021 ($2,251 Mil) to Dec. 2022 ($3,061 Mil) but then
declined
from Dec. 2022 ($3,061 Mil) to Dec. 2023 ($2,970 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. Cactus's Enterprise Value for Today is $3,295 Mil.
Cactus Market Cap Historical Data
The historical data trend for Cactus'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 Oil & Gas Equipment & Services subindustry, Cactus'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.
Cactus's Market Cap Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Cactus's Market Cap distribution charts can be found below:
* The bar in red indicates where Cactus's Market Cap falls into.
Cactus 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.
Cactus'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.
Cactus (NYSE:WHD) 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.
Cactus Market Cap Related Terms
Thank you for viewing the detailed overview of Cactus's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Cactus Inc is engaged in the designing, manufacturing, and sale of wellheads and pressure control equipment. Its principal products include Cactus SafeDrill wellhead systems, frac stacks, zipper manifolds, and production trees. The company also provides mission-critical field services, including service crews to assist with the installation, maintenance, and safe handling of the wellhead and pressure control equipment, as well as repair services for equipment that it sells or rents. It sells or rents its products principally for onshore unconventional oil and gas wells that are utilized during the drilling, completion (including fracturing), and production.
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