Yes, but the market cap for companies serves a different purpose. Its a somewhat funny way to compare which companies people (shareholder) value higher. You can

Yes, but the market cap for companies serves a different purpose. Its a somewhat funny way to compare which companies people (shareholder) value higher. You cant compare share price ofc because of different numbers of shares so the market cap kinda corrects that. The number itself is meaningless but you can sorta compare it as financial size. It might be more relevant than comparing number of people hired or revenue or other metrics especially for companies form completely different branches.