Market capitalization is the total value of all the shares of a company that are traded on the stock market. It shows how much investors think a company is worth. To calculate market capitalization, you multiply the current price of one share by the total number of shares that the company has issued. The formula for market capitalization is:
Market capitalization = Current share price * Total number of shares outstanding
Where:
- Current share price is R0117,
pr_last
- Total number of shares outstanding is the total number of shares that the company has issued and are available for trading (BS078,
bs_sh_out)
- Market capitalization can help you compare the size and performance of different companies and industries. Generally, larger companies have higher market capitalization than smaller ones, but this can change depending on the market conditions and the growth potential of the companies.