Multiplying the price of 1 share by the number of shares to get a "market cap" is pretty wishful thinking. Significant selling would tank the price. "Market ca

Multiplying the price of 1 share by the number of shares to get a "market cap" is pretty wishful thinking. Significant selling would tank the price. "Market capitalization refers to the total dollar market value of a company's outstanding shares of stock. Commonly referred to as "market cap," it is calculated by multiplying the total number of a company's outstanding shares by the current market price of one share. " Sure the definition mentions shares, but the concept can theoretically be applied to anything.