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Glossary > Mkt Cap (Local)

Market Cap (Local Curr)

What does Mkt Cap (Local) mean?

This value is calculated by multiplying the current Price by the current number of Shares Outstanding. It has adjusted to match the financial statements currency, where relevant.



Stockopedia explains Mkt Cap (Local)...

Market Capitalisation only takes into account the value of the company's shares (equity), it ignores the amount of debt a company may have taken on and therefore isn't the best indicator of the company's size. The Enterprise Value adds the net debt to the Market Cap and is a better indicator of the minimum amount that an acquiring company may have to pay to buy the firm outright.