{"product_id":"market-capitalization","title":"Market Capitalization Calculator","description":"\u003cstyle\u003e\n.mcap-calculator {\n  --ink: #0f172a;\n  --muted: #475569;\n  --border: #e2e8f0;\n  --surface: #ffffff;\n  --tint: #f8fafc;\n  --primary: #1d4ed8;\n  --accent: #c2410c;\n  --accent-hover: #9a3412;\n  --chart-1: #1e40af;\n  --chart-2: #0d9488;\n  --chart-3: #7c3aed;\n  --chart-4: #be185d;\n  --chart-5: #334155;\n  color: var(--ink);\n  background: var(--surface);\n  container-name: mcap;\n  container-type: inline-size;\n  border: 1px solid var(--border);\n  border-radius: 8px;\n  box-shadow: 0 1px 2px rgba(15, 23, 42, .06);\n  font-family: ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, \"Segoe UI\", sans-serif;\n  font-size: 15px;\n  line-height: 1.55;\n  margin: 0 auto;\n  max-width: 1200px;\n  overflow-wrap: anywhere;\n  padding: 24px;\n  width: 100%;\n}\n.mcap-calculator,\n.mcap-calculator *,\n.mcap-calculator *::before,\n.mcap-calculator *::after { box-sizing: border-box; }\n.mcap-calculator * { min-width: 0; }\n.mcap-calculator h2,\n.mcap-calculator h3,\n.mcap-calculator p { margin-top: 0; }\n.mcap-calculator h2 { font-size: 24px; font-weight: 700; line-height: 1.25; margin-bottom: 8px; }\n.mcap-calculator h3 { font-size: 18px; font-weight: 650; line-height: 1.35; margin-bottom: 12px; }\n.mcap-calculator a { color: var(--primary); font-weight: 600; text-underline-offset: 3px; }\n.mcap-calculator a:hover { text-decoration-thickness: 2px; }\n.mcap-header { border-bottom: 1px solid var(--border); padding-bottom: 16px; }\n.mcap-subtitle { color: var(--muted); margin-bottom: 16px; max-width: 760px; }\n.mcap-pills { display: flex; flex-wrap: wrap; gap: 8px; }\n.mcap-pill { align-items: center; background: var(--tint); border: 1px solid var(--border); border-radius: 999px; color: var(--muted); display: inline-flex; font-size: 13px; font-weight: 500; gap: 6px; padding: 6px 10px; }\n.mcap-pill strong { color: var(--ink); font-variant-numeric: tabular-nums; }\n.mcap-toolbar { align-items: center; display: flex; flex-wrap: wrap; gap: 12px; margin: 16px 0 24px; }\n.mcap-button { align-items: center; border: 1px solid transparent; border-radius: 6px; cursor: pointer; display: inline-flex; font: inherit; font-weight: 650; gap: 10px; justify-content: center; line-height: 1.2; min-height: 46px; padding: 12px 18px; text-decoration: none; transition: background-color .15s ease, border-color .15s ease, box-shadow .15s ease, transform .15s ease; white-space: nowrap; }\n.mcap-button:hover { box-shadow: 0 3px 8px rgba(15, 23, 42, .10); transform: translateY(-1px); }\n.mcap-button:active { transform: translateY(0); }\n.mcap-button:focus-visible,\n.mcap-calculator input:focus-visible,\n.mcap-calculator select:focus-visible,\n.mcap-calculator summary:focus-visible { outline: 3px solid rgba(29, 78, 216, .35); outline-offset: 2px; }\n.mcap-download { background: var(--accent); color: #ffffff; }\n.mcap-download:hover { background: var(--accent-hover); }\n.mcap-reset { background: var(--surface); border-color: #94a3b8; color: var(--ink); }\n.mcap-icon { height: 18px; width: 18px; }\n.mcap-workspace { align-items: start; display: grid; gap: 24px; grid-template-columns: minmax(0, 1fr); }\n.mcap-panel { background: var(--surface); border: 1px solid var(--border); border-radius: 8px; box-shadow: 0 1px 2px rgba(15, 23, 42, .06); padding: 20px; }\n.mcap-panel-heading { align-items: baseline; display: flex; flex-wrap: wrap; gap: 8px 12px; justify-content: flex-start; margin-bottom: 16px; }\n.mcap-panel-heading h3 { margin-bottom: 0; }\n.mcap-panel-heading p { color: var(--muted); font-size: 13px; font-weight: 500; margin-bottom: 0; }\n.mcap-form-grid { display: grid; gap: 16px; grid-template-columns: repeat(auto-fit, minmax(220px, 1fr)); }\n.mcap-field { display: flex; flex-direction: column; gap: 6px; }\n.mcap-label { color: var(--ink); font-size: 14px; font-weight: 600; }\n.mcap-label-row { align-items: end; display: grid; gap: 12px; grid-template-columns: minmax(0, 1fr) auto; }\n.mcap-unit-label { color: var(--muted); font-size: 13px; font-weight: 600; padding-right: 8px; }\n.mcap-control-row { align-items: stretch; display: grid; grid-template-columns: minmax(0, 1fr) auto; }\n.mcap-input-shell { align-items: center; background: var(--surface); border: 1px solid #94a3b8; border-radius: 6px; display: flex; min-height: 46px; transition: border-color .15s ease, box-shadow .15s ease; }\n.mcap-input-shell:focus-within { border-color: var(--primary); box-shadow: 0 0 0 3px rgba(29, 78, 216, .12); }\n.mcap-prefix,\n.mcap-suffix { color: var(--muted); flex: 0 0 auto; font-weight: 600; padding: 0 10px; }\n.mcap-calculator input,\n.mcap-calculator select { background: #ffffff; color: var(--ink); font: inherit; font-size: 15px; min-height: 44px; }\n.mcap-calculator input { border: 0; flex: 1 1 auto; font-variant-numeric: tabular-nums; padding: 10px 12px; width: 100%; }\n.mcap-calculator input:focus { outline: 0; }\n.mcap-calculator select { border: 1px solid #94a3b8; border-left: 0; border-radius: 0 6px 6px 0; cursor: pointer; font-weight: 600; padding: 8px 34px 8px 10px; }\n.mcap-helper { color: var(--muted); font-size: 13px; font-weight: 500; line-height: 1.45; min-height: 38px; }\n.mcap-error { color: #b91c1c; font-size: 13px; font-weight: 600; min-height: 19px; }\n.mcap-advanced { background: var(--tint); border: 1px solid var(--border); border-radius: 8px; margin-top: 16px; }\n.mcap-advanced summary { cursor: pointer; font-size: 14px; font-weight: 650; padding: 14px 16px; }\n.mcap-advanced-content { border-top: 1px solid var(--border); padding: 16px; }\n.mcap-result-primary { background: var(--tint); border: 1px solid var(--border); border-radius: 8px; padding: 20px; }\n.mcap-result-label { color: var(--muted); font-size: 13px; font-weight: 600; margin-bottom: 4px; }\n.mcap-result-value { font-size: 30px; font-variant-numeric: tabular-nums; font-weight: 700; letter-spacing: -.02em; line-height: 1.2; margin-bottom: 8px; }\n.mcap-result-interpretation { color: var(--muted); margin-bottom: 0; }\n.mcap-result-grid { display: grid; gap: 12px; grid-template-columns: repeat(auto-fit, minmax(170px, 1fr)); margin-top: 12px; }\n.mcap-result-card { border: 1px solid var(--border); border-radius: 8px; padding: 14px; }\n.mcap-result-card span { color: var(--muted); display: block; font-size: 13px; font-weight: 600; margin-bottom: 4px; }\n.mcap-result-card strong { display: block; font-size: 20px; font-variant-numeric: tabular-nums; font-weight: 700; line-height: 1.3; }\n.mcap-formula { background: #eff6ff; border: 1px solid #bfdbfe; border-radius: 6px; color: #1e3a8a; font-size: 13px; font-weight: 600; margin-top: 12px; padding: 10px 12px; }\n.mcap-section { margin-top: 24px; }\n.mcap-chart-card { background: var(--surface); border: 1px solid var(--border); border-radius: 8px; padding: 20px; }\n.mcap-chart-intro { color: var(--muted); margin-bottom: 16px; }\n.mcap-chart-cluster { align-items: start; display: grid; gap: 24px; grid-template-columns: minmax(0, 1fr); justify-content: center; margin: 0 auto; max-width: 980px; }\n.mcap-legend-stack { display: flex; flex-direction: column; gap: 20px; }\n.mcap-plot-wrap { width: 100%; }\n.mcap-chart-svg { display: block; height: auto; margin: 0 auto; max-height: 360px; max-width: 640px; width: 100%; }\n.mcap-chart-empty { align-items: center; background: var(--tint); border: 1px dashed #94a3b8; border-radius: 6px; color: var(--muted); display: none; justify-content: center; min-height: 120px; padding: 20px; text-align: center; }\n.mcap-legend { align-content: start; display: grid; gap: 10px; }\n.mcap-legend-row { align-items: center; display: grid; font-size: 13px; font-weight: 500; gap: 8px 12px; grid-template-columns: 12px minmax(82px, auto) auto auto; justify-content: start; }\n.mcap-swatch { border-radius: 3px; height: 12px; width: 12px; }\n.mcap-legend-label { color: var(--ink); }\n.mcap-legend-value,\n.mcap-legend-percent { color: var(--muted); font-variant-numeric: tabular-nums; white-space: nowrap; }\n.mcap-chart-callout { background: var(--tint); border: 1px solid var(--border); border-radius: 6px; color: var(--muted); margin-top: 0; padding: 10px 12px; }\n.mcap-safe-stack .mcap-chart-cluster { grid-template-columns: minmax(0, 1fr); row-gap: 24px; }\n.mcap-safe-stack .mcap-legend-stack { gap: 24px; }\n.mcap-table-card { background: var(--surface); border: 1px solid var(--border); border-radius: 8px; padding: 20px; }\n.mcap-table-wrap { overflow-x: auto; width: 100%; }\n.mcap-table { border-collapse: collapse; min-width: 660px; width: 100%; }\n.mcap-table th,\n.mcap-table td { border-bottom: 1px solid var(--border); padding: 11px 12px; text-align: left; vertical-align: middle; }\n.mcap-table th { background: #e2e8f0; color: var(--ink); font-size: 13px; font-weight: 700; }\n.mcap-table td { font-size: 14px; }\n.mcap-table td[data-mcap-numeric] { font-variant-numeric: tabular-nums; text-align: right; white-space: nowrap; }\n.mcap-table tbody tr:hover { background: var(--tint); }\n.mcap-table-note { background: var(--tint); border: 1px solid var(--border); border-radius: 6px; color: var(--muted); margin-top: 16px; padding: 10px 12px; }\n.mcap-safe-table-stack .mcap-table-note { margin-top: 20px; }\n.mcap-education { border-top: 1px solid var(--border); margin-top: 32px; padding-top: 28px; }\n.mcap-education-grid { display: grid; gap: 24px; grid-template-columns: minmax(0, 1fr); }\n.mcap-education section { min-width: 0; }\n.mcap-education p,\n.mcap-education li { color: #334155; }\n.mcap-education ul { margin: 0 0 16px; padding-left: 22px; }\n.mcap-education li + li { margin-top: 8px; }\n.mcap-disclaimer { background: var(--tint); border: 1px solid var(--border); border-radius: 6px; color: var(--muted); font-size: 13px; font-weight: 500; margin-top: 20px; padding: 12px; }\n.mcap-hidden-summary { border: 0; clip: rect(0 0 0 0); height: 1px; margin: -1px; overflow: hidden; padding: 0; position: absolute; white-space: nowrap; width: 1px; }\n@media (min-width: 640px) {\n  .mcap-chart-cluster { grid-template-columns: minmax(0, 640px) minmax(230px, 300px); }\n  .mcap-education-grid { grid-template-columns: repeat(2, minmax(0, 1fr)); }\n}\n@media (min-width: 900px) {\n  .mcap-workspace { grid-template-columns: minmax(0, 1fr) minmax(0, .88fr); }\n}\n@media (max-width: 639px) {\n  .mcap-calculator { padding: 16px; }\n  .mcap-panel,\n  .mcap-chart-card,\n  .mcap-table-card { padding: 16px; }\n  .mcap-toolbar { align-items: stretch; flex-direction: column; }\n  .mcap-button { width: 100%; }\n  .mcap-form-grid { grid-template-columns: minmax(0, 1fr); }\n  .mcap-chart-cluster { gap: 16px; }\n  .mcap-legend-row { grid-template-columns: 12px minmax(74px, auto) auto; }\n  .mcap-legend-percent { grid-column: 2 \/ -1; }\n  .mcap-legend-stack { gap: 16px; }\n  .mcap-table-note { margin-top: 12px; }\n}\n@media (max-width: 359px) {\n  .mcap-calculator { padding: 12px; }\n  .mcap-panel,\n  .mcap-chart-card,\n  .mcap-table-card { padding: 12px; }\n  .mcap-control-row { grid-template-columns: minmax(0, 1fr); }\n  .mcap-calculator select { border-left: 1px solid #94a3b8; border-radius: 6px; margin-top: 8px; width: 100%; }\n}\n\n@container mcap (max-width: 899px) {\n  .mcap-workspace { grid-template-columns: minmax(0, 1fr); }\n}\n@container mcap (max-width: 639px) {\n  .mcap-panel,\n  .mcap-chart-card,\n  .mcap-table-card { padding: 16px; }\n  .mcap-toolbar { align-items: stretch; flex-direction: column; }\n  .mcap-button { width: 100%; }\n  .mcap-form-grid { grid-template-columns: minmax(0, 1fr); }\n  .mcap-chart-cluster { gap: 16px; grid-template-columns: minmax(0, 1fr); }\n  .mcap-education-grid { grid-template-columns: minmax(0, 1fr); }\n  .mcap-legend-row { grid-template-columns: 12px minmax(74px, auto) auto; }\n  .mcap-legend-percent { grid-column: 2 \/ -1; }\n  .mcap-legend-stack { gap: 16px; }\n  .mcap-table-note { margin-top: 12px; }\n}\n@container mcap (min-width: 361px) and (max-width: 639px) {\n  .mcap-table-note { margin-top: 16px; }\n}\n@container mcap (max-width: 359px) {\n  .mcap-panel,\n  .mcap-chart-card,\n  .mcap-table-card { padding: 12px; }\n  .mcap-control-row { grid-template-columns: minmax(0, 1fr); }\n  .mcap-calculator select { border-left: 1px solid #94a3b8; border-radius: 6px; margin-top: 8px; width: 100%; }\n}\n@container mcap (min-width: 360px) {\n  .mcap-control-row { grid-template-columns: minmax(0, 1fr) auto; }\n  .mcap-calculator select { border-left: 0; border-radius: 0 6px 6px 0; margin-top: 0; width: auto; }\n}\n@container mcap (min-width: 640px) {\n  .mcap-panel,\n  .mcap-chart-card,\n  .mcap-table-card { padding: 20px; }\n  .mcap-toolbar { align-items: center; flex-direction: row; }\n  .mcap-button { width: auto; }\n  .mcap-form-grid { grid-template-columns: repeat(auto-fit, minmax(220px, 1fr)); }\n  .mcap-chart-cluster { gap: 24px; grid-template-columns: minmax(0, 640px) minmax(230px, 300px); }\n  .mcap-education-grid { grid-template-columns: repeat(2, minmax(0, 1fr)); }\n  .mcap-legend-row { grid-template-columns: 12px minmax(82px, auto) auto auto; }\n  .mcap-legend-percent { grid-column: auto; }\n  .mcap-legend-stack { gap: 20px; }\n  .mcap-table-note { margin-top: 16px; }\n}\n@container mcap (min-width: 900px) {\n  .mcap-workspace { grid-template-columns: minmax(0, 1fr) minmax(0, .88fr); }\n}\n\u003c\/style\u003e\n\u003cdiv class=\"mcap-calculator\" data-calculator-root\u003e\n  \u003cheader class=\"mcap-header\"\u003e\n    \u003ch2\u003eMarket Capitalization Calculator\u003c\/h2\u003e\n    \u003cp class=\"mcap-subtitle\"\u003eCalculate a company’s equity market value from its share price and outstanding share count, then test how price moves or dilution could change the result.\u003c\/p\u003e\n    \u003cdiv class=\"mcap-pills\" aria-label=\"Live calculation summary\"\u003e\n      \u003cspan class=\"mcap-pill\"\u003eShare price \u003cstrong data-mcap-pill-price\u003e$100.00\u003c\/strong\u003e\u003c\/span\u003e\n      \u003cspan class=\"mcap-pill\"\u003eOutstanding shares \u003cstrong data-mcap-pill-shares\u003e10.00 million\u003c\/strong\u003e\u003c\/span\u003e\n      \u003cspan class=\"mcap-pill\"\u003eMarket cap \u003cstrong data-mcap-pill-cap\u003e$1.00 billion\u003c\/strong\u003e\u003c\/span\u003e\n      \u003cspan class=\"mcap-pill\"\u003eSize tier \u003cstrong data-mcap-pill-tier\u003eSmall-cap\u003c\/strong\u003e\u003c\/span\u003e\n    \u003c\/div\u003e\n  \u003c\/header\u003e\n\n  \u003cdiv class=\"mcap-toolbar\" aria-label=\"Calculator actions\"\u003e\n    \u003cbutton class=\"mcap-button mcap-download\" type=\"button\" data-mcap-download\u003e\n      \u003csvg class=\"mcap-icon\" viewbox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\"\u003e\u003cpath fill=\"currentColor\" d=\"M12 3a1 1 0 0 1 1 1v9.59l2.3-2.3a1 1 0 1 1 1.4 1.42l-4 4a1 1 0 0 1-1.4 0l-4-4a1 1 0 1 1 1.4-1.42l2.3 2.3V4a1 1 0 0 1 1-1Zm-7 15a1 1 0 0 1 1 1v1h12v-1a1 1 0 1 1 2 0v2a1 1 0 0 1-1 1H5a1 1 0 0 1-1-1v-2a1 1 0 0 1 1-1Z\"\u003e\u003c\/path\u003e\u003c\/svg\u003e\n      \u003cspan\u003eDownload Excel\u003c\/span\u003e\n    \u003c\/button\u003e\n    \u003cbutton class=\"mcap-button mcap-reset\" type=\"button\" data-mcap-reset\u003eReset\u003c\/button\u003e\n  \u003c\/div\u003e\n\n  \u003cdiv class=\"mcap-workspace\"\u003e\n    \u003csection class=\"mcap-panel\" aria-labelledby=\"mcap-input-heading\"\u003e\n      \u003cdiv class=\"mcap-panel-heading\"\u003e\n        \u003ch3 id=\"mcap-input-heading\"\u003eCompany inputs\u003c\/h3\u003e\n        \u003cp\u003eResults update as you type.\u003c\/p\u003e\n      \u003c\/div\u003e\n      \u003cdiv class=\"mcap-form-grid\"\u003e\n        \u003cdiv class=\"mcap-field\"\u003e\n          \u003clabel class=\"mcap-label\" for=\"mcap-share-price\"\u003ePrice of one share\u003c\/label\u003e\n          \u003cdiv class=\"mcap-input-shell\"\u003e\n            \u003cspan class=\"mcap-prefix\" aria-hidden=\"true\"\u003e$\u003c\/span\u003e\n            \u003cinput id=\"mcap-share-price\" data-mcap-input=\"sharePrice\" inputmode=\"decimal\" autocomplete=\"off\" value=\"100.00\" aria-describedby=\"mcap-price-help mcap-price-error\"\u003e\n          \u003c\/div\u003e\n          \u003cdiv class=\"mcap-helper\" id=\"mcap-price-help\"\u003eUse the current or scenario price per common share in U.S. dollars.\u003c\/div\u003e\n          \u003cdiv class=\"mcap-error\" id=\"mcap-price-error\" data-mcap-error=\"sharePrice\" aria-live=\"polite\"\u003e\u003c\/div\u003e\n        \u003c\/div\u003e\n\n        \u003cdiv class=\"mcap-field\"\u003e\n          \u003cdiv class=\"mcap-label-row\"\u003e\n            \u003clabel class=\"mcap-label\" for=\"mcap-share-count\"\u003eOutstanding shares\u003c\/label\u003e\n            \u003clabel class=\"mcap-unit-label\" for=\"mcap-share-unit\"\u003eUnit\u003c\/label\u003e\n          \u003c\/div\u003e\n          \u003cdiv class=\"mcap-control-row\"\u003e\n            \u003cdiv class=\"mcap-input-shell\"\u003e\n              \u003cinput id=\"mcap-share-count\" data-mcap-input=\"shareCount\" inputmode=\"decimal\" autocomplete=\"off\" value=\"10\" aria-describedby=\"mcap-shares-help mcap-shares-error\"\u003e\n            \u003c\/div\u003e\n            \u003cselect id=\"mcap-share-unit\" data-mcap-input=\"shareUnit\"\u003e\n              \u003coption value=\"1\"\u003eshares\u003c\/option\u003e\n              \u003coption value=\"1000\"\u003ethousand\u003c\/option\u003e\n              \u003coption value=\"1000000\" selected\u003emillion\u003c\/option\u003e\n              \u003coption value=\"1000000000\"\u003ebillion\u003c\/option\u003e\n            \u003c\/select\u003e\n          \u003c\/div\u003e\n          \u003cdiv class=\"mcap-helper\" id=\"mcap-shares-help\"\u003eEnter common shares currently issued and held by investors, excluding treasury shares.\u003c\/div\u003e\n          \u003cdiv class=\"mcap-error\" id=\"mcap-shares-error\" data-mcap-error=\"shareCount\" aria-live=\"polite\"\u003e\u003c\/div\u003e\n        \u003c\/div\u003e\n      \u003c\/div\u003e\n\n      \u003cdetails class=\"mcap-advanced\" data-mcap-advanced\u003e\n        \u003csummary\u003eScenario assumptions\u003c\/summary\u003e\n        \u003cdiv class=\"mcap-advanced-content\"\u003e\n          \u003cdiv class=\"mcap-form-grid\"\u003e\n            \u003cdiv class=\"mcap-field\"\u003e\n              \u003clabel class=\"mcap-label\" for=\"mcap-price-change\"\u003eScenario price change\u003c\/label\u003e\n              \u003cdiv class=\"mcap-input-shell\"\u003e\n                \u003cinput id=\"mcap-price-change\" data-mcap-input=\"priceChange\" inputmode=\"decimal\" autocomplete=\"off\" value=\"0\" aria-describedby=\"mcap-change-help mcap-change-error\"\u003e\n                \u003cspan class=\"mcap-suffix\" aria-hidden=\"true\"\u003e%\u003c\/span\u003e\n              \u003c\/div\u003e\n              \u003cdiv class=\"mcap-helper\" id=\"mcap-change-help\"\u003eApply a percentage increase or decrease to the current share price.\u003c\/div\u003e\n              \u003cdiv class=\"mcap-error\" id=\"mcap-change-error\" data-mcap-error=\"priceChange\" aria-live=\"polite\"\u003e\u003c\/div\u003e\n            \u003c\/div\u003e\n\n            \u003cdiv class=\"mcap-field\"\u003e\n              \u003clabel class=\"mcap-label\" for=\"mcap-diluted-shares\"\u003eAdditional diluted shares\u003c\/label\u003e\n              \u003cdiv class=\"mcap-input-shell\"\u003e\n                \u003cinput id=\"mcap-diluted-shares\" data-mcap-input=\"dilutedShares\" inputmode=\"decimal\" autocomplete=\"off\" value=\"0\" aria-describedby=\"mcap-diluted-help mcap-diluted-error\"\u003e\n                \u003cspan class=\"mcap-suffix\" aria-hidden=\"true\"\u003emillion\u003c\/span\u003e\n              \u003c\/div\u003e\n              \u003cdiv class=\"mcap-helper\" id=\"mcap-diluted-help\"\u003eOptional potential shares from options, warrants, convertibles, or other instruments.\u003c\/div\u003e\n              \u003cdiv class=\"mcap-error\" id=\"mcap-diluted-error\" data-mcap-error=\"dilutedShares\" aria-live=\"polite\"\u003e\u003c\/div\u003e\n            \u003c\/div\u003e\n          \u003c\/div\u003e\n        \u003c\/div\u003e\n      \u003c\/details\u003e\n    \u003c\/section\u003e\n\n    \u003csection class=\"mcap-panel\" aria-labelledby=\"mcap-results-heading\"\u003e\n      \u003cdiv class=\"mcap-panel-heading\"\u003e\n        \u003ch3 id=\"mcap-results-heading\"\u003eLive results\u003c\/h3\u003e\n        \u003cp\u003eEquity market value, not enterprise value.\u003c\/p\u003e\n      \u003c\/div\u003e\n      \u003cdiv class=\"mcap-result-primary\"\u003e\n        \u003cdiv class=\"mcap-result-label\"\u003eMarket capitalization\u003c\/div\u003e\n        \u003cdiv class=\"mcap-result-value\" data-mcap-market-cap\u003e$1,000,000,000.00\u003c\/div\u003e\n        \u003cp class=\"mcap-result-interpretation\" data-mcap-interpretation\u003eThis example falls in the small-cap range using the common $2 billion and $10 billion reference thresholds.\u003c\/p\u003e\n      \u003c\/div\u003e\n      \u003cdiv class=\"mcap-result-grid\"\u003e\n        \u003cdiv class=\"mcap-result-card\"\u003e\n          \u003cspan\u003eMarket-cap tier\u003c\/span\u003e\n          \u003cstrong data-mcap-tier\u003eSmall-cap\u003c\/strong\u003e\n        \u003c\/div\u003e\n        \u003cdiv class=\"mcap-result-card\"\u003e\n          \u003cspan\u003eValue of 1% ownership\u003c\/span\u003e\n          \u003cstrong data-mcap-one-percent\u003e$10,000,000.00\u003c\/strong\u003e\n        \u003c\/div\u003e\n        \u003cdiv class=\"mcap-result-card\"\u003e\n          \u003cspan\u003eScenario market cap\u003c\/span\u003e\n          \u003cstrong data-mcap-scenario-cap\u003e$1,000,000,000.00\u003c\/strong\u003e\n        \u003c\/div\u003e\n        \u003cdiv class=\"mcap-result-card\"\u003e\n          \u003cspan\u003eScenario difference\u003c\/span\u003e\n          \u003cstrong data-mcap-scenario-diff\u003e$0.00\u003c\/strong\u003e\n        \u003c\/div\u003e\n      \u003c\/div\u003e\n      \u003cdiv class=\"mcap-formula\" data-mcap-formula\u003eMarket cap = $100.00 × 10,000,000 shares\u003c\/div\u003e\n      \u003cdiv class=\"mcap-hidden-summary\" aria-live=\"polite\" data-mcap-live\u003eMarket capitalization is $1,000,000,000.00, classified as small-cap.\u003c\/div\u003e\n    \u003c\/section\u003e\n  \u003c\/div\u003e\n\n  \u003csection class=\"mcap-section mcap-chart-card\" aria-labelledby=\"mcap-chart-heading\" data-mcap-chart-card\u003e\n    \u003ch3 id=\"mcap-chart-heading\"\u003eShare-price sensitivity\u003c\/h3\u003e\n    \u003cp class=\"mcap-chart-intro\" data-mcap-chart-intro\u003eThe bars show market capitalization at five price points while holding the current outstanding share count constant.\u003c\/p\u003e\n    \u003cdiv class=\"mcap-chart-cluster\"\u003e\n      \u003cdiv class=\"mcap-plot-wrap\" data-mcap-plot-wrap\u003e\n        \u003csvg class=\"mcap-chart-svg\" data-mcap-chart-svg role=\"img\" aria-labelledby=\"mcap-chart-title mcap-chart-desc\" viewbox=\"0 0 640 340\" preserveaspectratio=\"xMidYMid meet\"\u003e\n          \u003ctitle id=\"mcap-chart-title\"\u003eMarket capitalization sensitivity chart\u003c\/title\u003e\n          \u003cdesc id=\"mcap-chart-desc\" data-mcap-chart-desc\u003eMarket capitalization at share prices 20 percent below, 10 percent below, current, 10 percent above, and 20 percent above the entered share price.\u003c\/desc\u003e\n        \u003c\/svg\u003e\n        \u003cdiv class=\"mcap-chart-empty\" data-mcap-chart-empty\u003eEnter a positive share price and share count to see the sensitivity chart.\u003c\/div\u003e\n      \u003c\/div\u003e\n      \u003cdiv class=\"mcap-legend-stack\"\u003e\n        \u003cdiv class=\"mcap-legend\" data-mcap-legend aria-label=\"Sensitivity chart legend\"\u003e\u003c\/div\u003e\n        \u003cdiv class=\"mcap-chart-callout\" data-mcap-chart-callout\u003eAt the current price, every $1.00 move in the share price changes market capitalization by $10.00 million.\u003c\/div\u003e\n      \u003c\/div\u003e\n    \u003c\/div\u003e\n    \u003cdiv class=\"mcap-hidden-summary\" data-mcap-chart-summary\u003e\u003c\/div\u003e\n  \u003c\/section\u003e\n\n  \u003csection class=\"mcap-section mcap-table-card\" aria-labelledby=\"mcap-table-heading\" data-mcap-table-card\u003e\n    \u003ch3 id=\"mcap-table-heading\"\u003eSensitivity data\u003c\/h3\u003e\n    \u003cdiv class=\"mcap-table-wrap\" data-mcap-table-wrap\u003e\n      \u003ctable class=\"mcap-table\"\u003e\n        \u003cthead\u003e\n          \u003ctr\u003e\n            \u003cth scope=\"col\"\u003ePrice scenario\u003c\/th\u003e\n            \u003cth scope=\"col\"\u003eShare price\u003c\/th\u003e\n            \u003cth scope=\"col\"\u003eMarket capitalization\u003c\/th\u003e\n            \u003cth scope=\"col\"\u003eDifference vs. current\u003c\/th\u003e\n          \u003c\/tr\u003e\n        \u003c\/thead\u003e\n        \u003ctbody data-mcap-table-body\u003e\u003c\/tbody\u003e\n      \u003c\/table\u003e\n    \u003c\/div\u003e\n    \u003cdiv class=\"mcap-table-note\" data-mcap-table-note\u003eThe sensitivity table changes only the share price. The scenario result above can additionally include potential dilution.\u003c\/div\u003e\n  \u003c\/section\u003e\n\n  \u003csection class=\"mcap-education\"\u003e\n    \u003ch2\u003eHow to use and interpret the market capitalization calculator\u003c\/h2\u003e\n    \u003cdiv class=\"mcap-education-grid\"\u003e\n      \u003csection\u003e\n        \u003ch3\u003eWhat the calculator estimates\u003c\/h3\u003e\n        \u003cp\u003eMarket capitalization, often shortened to market cap, is the quoted equity value of a public company’s outstanding common shares. The core calculation is deliberately simple: multiply the current price of one share by the number of shares outstanding. A company with 10 million shares trading at $100 per share therefore has a market capitalization of $1 billion.\u003c\/p\u003e\n        \u003cp\u003eMarket cap is a snapshot based on the selected share price. It can change throughout a trading day because the share price moves, while the outstanding share count normally changes less frequently through issuance, employee equity programs, conversions, or repurchases. It is not the same as enterprise value, which also considers debt, cash, and certain other claims.\u003c\/p\u003e\n      \u003c\/section\u003e\n\n      \u003csection\u003e\n        \u003ch3\u003ePrice of one share\u003c\/h3\u003e\n        \u003cp\u003eEnter the current market price or a hypothetical price in U.S. dollars. This field is required for a nonzero result. A higher share price increases market cap in direct proportion: a 10% price increase produces a 10% market-cap increase when the share count is unchanged. A zero price produces a zero market cap, while negative prices are rejected because ordinary quoted share prices cannot be negative.\u003c\/p\u003e\n        \u003cp\u003eFor a public company, use a consistent observation point such as the latest closing price. Intraday quotes can be used, but the result will move with the market. The \u003ca href=\"https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/investment-products\/stocks\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eInvestor.gov overview of stocks\u003c\/a\u003e explains the basic ownership interest represented by common shares.\u003c\/p\u003e\n      \u003c\/section\u003e\n\n      \u003csection\u003e\n        \u003ch3\u003eOutstanding shares and units\u003c\/h3\u003e\n        \u003cp\u003eEnter the number of common shares currently held by investors. The unit selector lets you work in individual shares, thousands, millions, or billions. Changing the unit converts the displayed amount rather than changing the underlying share count. For example, 10 million becomes 10,000 thousand or 0.01 billion with no change to the market-cap result.\u003c\/p\u003e\n        \u003cp\u003eDo not confuse authorized shares, issued shares, treasury shares, and outstanding shares. Outstanding shares generally equal issued shares less shares held in treasury. Company filings usually disclose the count on the balance sheet cover page, equity footnotes, or earnings materials. You can locate filings through the \u003ca href=\"https:\/\/www.sec.gov\/edgar\/search\/\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eSEC’s EDGAR search\u003c\/a\u003e.\u003c\/p\u003e\n      \u003c\/section\u003e\n\n      \u003csection\u003e\n        \u003ch3\u003eScenario price change and dilution\u003c\/h3\u003e\n        \u003cp\u003eThe optional price-change field applies a percentage move to the entered share price. Positive values model an increase; negative values model a decline. The additional diluted-shares field accepts potential shares in millions from options, warrants, convertible securities, restricted stock, or other instruments. These two assumptions feed the scenario market cap but do not alter the current market cap.\u003c\/p\u003e\n        \u003cp\u003eDiluted shares are optional and should not be added blindly. Different disclosures use basic, diluted weighted-average, period-end, and fully diluted share counts for different purposes. Review the company’s filing and the terms of potential securities before treating them as currently outstanding.\u003c\/p\u003e\n      \u003c\/section\u003e\n\n      \u003csection\u003e\n        \u003ch3\u003eReading each result\u003c\/h3\u003e\n        \u003cul\u003e\n          \u003cli\u003e\n\u003cstrong\u003eMarket capitalization\u003c\/strong\u003e is the current share price multiplied by current outstanding shares.\u003c\/li\u003e\n          \u003cli\u003e\n\u003cstrong\u003eMarket-cap tier\u003c\/strong\u003e groups the result using common reference bands: below $2 billion is small-cap, $2 billion to below $10 billion is mid-cap, and $10 billion or more is large-cap. These labels are conventions, not universal rules.\u003c\/li\u003e\n          \u003cli\u003e\n\u003cstrong\u003eValue of 1% ownership\u003c\/strong\u003e equals 1% of market cap. It is a simple proportional value, not necessarily the price at which a 1% block could actually be bought or sold.\u003c\/li\u003e\n          \u003cli\u003e\n\u003cstrong\u003eScenario market cap\u003c\/strong\u003e applies the chosen price change and adds potential diluted shares.\u003c\/li\u003e\n          \u003cli\u003e\n\u003cstrong\u003eScenario difference\u003c\/strong\u003e shows how far the scenario is above or below the current market cap. A negative amount means the modeled equity value is lower.\u003c\/li\u003e\n        \u003c\/ul\u003e\n      \u003c\/section\u003e\n\n      \u003csection\u003e\n        \u003ch3\u003eUsing the chart and table\u003c\/h3\u003e\n        \u003cp\u003eThe sensitivity chart holds the share count constant and recalculates market cap at prices 20% below, 10% below, equal to, 10% above, and 20% above the entered price. The data table presents the same numbers exactly. This makes the linear relationship visible: each dollar of share-price movement changes market cap by the outstanding share count multiplied by $1.\u003c\/p\u003e\n        \u003cp\u003eThe chart is not a forecast and does not assign probabilities. It is a controlled sensitivity test. When the calculator is reset or either core input is zero, the chart is replaced by a compact empty state rather than displaying an artificial visual.\u003c\/p\u003e\n      \u003c\/section\u003e\n\n      \u003csection\u003e\n        \u003ch3\u003eBenefits, limits, and common mistakes\u003c\/h3\u003e\n        \u003cp\u003eMarket cap is useful for comparing company size, constructing index weights, and framing valuation multiples. It is easy to calculate and widely understood. However, it does not tell you whether a stock is cheap, whether the company is profitable, how much debt it carries, or what cash flows it can generate. The \u003ca href=\"https:\/\/www.finra.org\/investors\/insights\/market-cap\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eFINRA discussion of market capitalization\u003c\/a\u003e provides additional context on size categories and diversification.\u003c\/p\u003e\n        \u003cp\u003eCommon errors include mixing a current share price with an old share count, entering shares in the wrong unit, using authorized shares instead of outstanding shares, and comparing market cap directly with enterprise value. Also remember that buying an entire company usually involves a control premium and transaction effects, so market cap should not be treated as a guaranteed acquisition price.\u003c\/p\u003e\n      \u003c\/section\u003e\n\n      \u003csection\u003e\n        \u003ch3\u003ePractical source and timing checks\u003c\/h3\u003e\n        \u003cp\u003eUse share price and share count data from dates that are as close as possible. If a company reports a major buyback, acquisition, equity issuance, stock split, or conversion after the latest filing, adjust the share count only when the transaction details are clear. For broader investor education and risk concepts, consult the \u003ca href=\"https:\/\/www.investor.gov\/introduction-investing\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eInvestor.gov investing resources\u003c\/a\u003e.\u003c\/p\u003e\n        \u003cp\u003eDownload Excel saves the current inputs, results, sensitivity values, and calculation notes into a genuine spreadsheet workbook. This is useful for documenting the exact assumptions used in a comparison or research memo.\u003c\/p\u003e\n      \u003c\/section\u003e\n    \u003c\/div\u003e\n    \u003cdiv class=\"mcap-disclaimer\"\u003eThis calculator is an educational estimation tool. It does not provide investment, legal, accounting, or tax advice, and its size categories are general conventions rather than official classifications.\u003c\/div\u003e\n  \u003c\/section\u003e\n\u003c\/div\u003e","brand":"FinancialModelsLab","offers":[{"title":"Default Title","offer_id":49909480194291,"sku":"market-capitalization","price":0.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0522\/6191\/2762\/files\/market-capitalization.webp?v=1783935366","url":"https:\/\/financialmodelslab.com\/products\/market-capitalization","provider":"Financial Models Lab","version":"1.0","type":"link"}