why is this UK firm's market capitalization number weird?
why is this UK firm's market capitalization number weird?
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BangolPhoenix · External communityPost link
External question — Personal Finance Stack Exchange
Author: BangolPhoenix
Original post: https://money.stackexchange.com/questions/109280
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
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https://uk.investing.com/equities/uk-comm-prop-trust
Hi, I am gathering UK stocks information through financial numbers.
But as I was looking into this firm, I tried to calculate the market capitalization by myself, and I found shares outstanding * stock price isn't equal to the market capitalization of this stock which is 1.19B
I don't know how this number is 1.19B since the multiplication of shares outstanding and stock price isn't 1.19B
Thank you for your answer in advance
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Richard at NorgateData · External communityPost link
External answer — Personal Finance Stack Exchange
Author: Richard at NorgateData
Original post: https://money.stackexchange.com/a/109281
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
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UK stocks are quoted in pence on the London Stock Exchange. The market cap is quoted in pounds, so you need to divide by 100.
i.e. 92 * 1299412465 / 100 = 1.195B
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Quoted from Forex.com.bd-Editorial External question — Personal Finance Stack Exchange Author: BangolPhoenix Source score (net votes, not local likes): 1 Original post: https://money.stackexchange.com/questions/109280 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. https://uk.investing.com/equities/uk-comm-prop-trust Hi, I am gathering UK stocks information through financial numbers. But as I was looking into this firm, I tried to calculate the market capitalization by myself, and I found shares outstanding * stock price isn't equal to the market capitalization of this stock which is 1.19B I don't know how this number is 1.19B since the multiplication of shares outstanding and stock price isn't 1.19B Thank you for your answer in advance
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