Market cap wrong for DUK, XEL possibly others....

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jamesRVG
  • updated
  • Under review

Market cap data is wrong for multiple companies, suggesting that the calculation has errors which is odd since it is a very simple calculation of Shares*Price=MktCap.  Here are several examples:

DUK -- shares outstanding 728.05M, price $87.04, mkt cap $63.36B but website lists it at 63.49B

XEL -- shares outstanding 514.67M, price $58.39, mkt cap $30.05B but website lists it at 29.96B

These are relatively small discrepancies, but beyond differences due to rounding, so it is not clear why they are there at all.  Market cap is a basic calculation.

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anonymous
  • Under review

Hi,

Thanks so much for this detailed report.

Our market cap values are not updated in real time. They are updated once a day based on the previous day's close price. I checked DUK and XEL based on Friday' close and they look good. Can you take a look again and let us know?

Thanks,

Daniel