No, market cap = # of shares * last traded price. It's what the last bozo believed the value was, which varies widely depending on the bozo. Then you have the

No, market cap = # of shares * last traded price. It's what the last bozo believed the value was, which varies widely depending on the bozo. Then you have the bozos who are trying to guess what the other bozos will do. At some point the market cap will be right, but only for an instant.