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market capitalization

Market capitalization (market cap) is a financial metric that represents the total value of a publicly traded company. It is calculated by multiplying the current market price of one share of the company's stock by the total number of shares.

our calculation method

• weighted shares outstanding: When available, we use weighted shares outstanding as the primary basis for calculating market capitalization. Weighted shares outstanding consider different share classes and their respective ownership percentages and provide, thus, a more comprehensive and realistic market cap figure.
• share class shares outstanding: If weighted shares outstanding data is not available, we use the share class shares outstanding of the respective share class. This metric exclusively represents the number of shares belonging to the specific share class under consideration and does not take into account shares from other share classes associated with the same company or asset. In cases where there are no other types of share classes, the share class shares outstanding will align with the weighted shares outstanding figure.
• "as-is" market capitalization: In situations where neither weighted shares outstanding nor share class shares outstanding data is available, we resort to using the market capitalization "as-is" from our data providers. However, this approach might not reflect the complete picture due to the absence of insights into its underlying calculation.

staleness

Given the way in which data is made available to us, some market capitalization figures may become stale or outdated over time. Market cap values can fluctuate frequently based on changes in stock prices and the number of outstanding shares. While we strive to maintain accurate and up-to-date data, you should be aware that market cap figures may not always reflect real-time market conditions.