Market Capitalization & Enterprise Value
Research-grade valuation history for ARE. Track market capitalization versus enterprise value to see the impact of net debt and share changes. Use the interactive chart to explore different horizons; the table updates accordingly to support auditability and export.
Market Cap & Enterprise Value
Comparison of market capitalization and enterprise value over time
Market Cap
Market Capitalization = Stock Price × Number of Shares Outstanding. Represents the total value of a company's equity.
16.79B
219.5x increase over period
CAGR: +21.22%
Compound Annual Growth Rate - The mean annual growth rate over time, accounting for compounding effects.
Enterprise Value
Enterprise Value = Market Cap + Total Debt - Cash and Cash Equivalents. Represents the total value of a company including its debt.
28.98B
154.2x increase over period
CAGR: +19.70%
Compound Annual Growth Rate - The mean annual growth rate over time, accounting for compounding effects.
Market Cap History
Enterprise Value Data
| Date | Market Cap | Enterprise Value | Stock Price | Shares |
|---|---|---|---|---|
| Dec 31, 2024 | 16.79B | 28.98B | $97.55 | 172.07M |
| Dec 31, 2023 | 21.67B | 32.75B | $126.77 | 170.91M |
| Dec 31, 2022 | 23.55B | 33.29B | $145.67 | 161.66M |
| Dec 31, 2021 | 32.76B | 41.62B | $222.96 | 146.92M |
| Dec 31, 2020 | 22.47B | 29.82B | $178.22 | 126.11M |
| Dec 31, 2019 | 18.13B | 24.99B | $161.58 | 112.20M |
| Dec 31, 2018 | 11.87B | 17.11B | $115.24 | 103.01M |
| Dec 31, 2017 | 11.95B | 16.55B | $130.59 | 91.55M |
| Dec 31, 2016 | 8.44B | 12.54B | $111.13 | 75.95M |
| Dec 31, 2015 | 6.46B | 10.30B | $90.36 | 71.53M |
| Dec 31, 2014 | 6.32B | 9.92B | $88.74 | 71.17M |
| Dec 31, 2013 | 4.33B | 7.34B | $63.62 | 68.04M |
| Dec 31, 2012 | 4.31B | 7.36B | $69.32 | 62.16M |
| Dec 31, 2011 | 4.07B | 6.79B | $68.97 | 59.07M |
| Dec 31, 2010 | 3.54B | 6.04B | $73.26 | 48.38M |
| Dec 31, 2009 | 2.48B | 5.16B | $64.29 | 38.59M |
| Dec 31, 2008 | 1.91B | 4.78B | $60.34 | 31.65M |
| Dec 31, 2007 | 3.02B | 5.80B | $101.67 | 29.67M |
| Dec 31, 2006 | 2.52B | 4.55B | $100.40 | 25.14M |
| Dec 31, 2005 | 1.69B | 3.09B | $80.50 | 20.95M |
| Dec 31, 2004 | 1.49B | 2.68B | $74.42 | 20.08M |
| Dec 31, 2003 | 1.10B | 1.80B | $57.90 | 18.99M |
| Dec 31, 2002 | 749.51M | 1.36B | $42.60 | 17.59M |
| Dec 31, 2001 | 655.69M | 1.23B | $41.10 | 15.95M |
| Dec 31, 2000 | 537.79M | 966.27M | $37.19 | 14.46M |
| Dec 31, 1999 | 430.26M | 777.36M | $31.81 | 13.53M |
| Dec 31, 1998 | 374.34M | 682.54M | $30.94 | 12.10M |
| Dec 31, 1997 | 254.87M | 323.57M | $31.56 | 8.08M |
| Dec 31, 1996 | 76.48M | 187.98M | $21.00 | 3.64M |
Enterprise Value Analysis
Price Change (Dec 2023 to Dec 2024)
The stock price has decreased from Dec 2023 to Dec 2024.
-23.05%
Recent Volatility
The stock price has been relatively volatile over the last 5 periods, indicating a higher risk profile.
0.22
Risk-Adjusted Return
The stock's returns do not compensate for its risk level, suggesting a poor risk-reward profile.
-0.51
Market Cap Change (Dec 2023 to Dec 2024)
The company's market capitalization has decreased from Dec 2023 to Dec 2024.
-22.53%
Enterprise Value Change (Dec 2023 to Dec 2024)
The company's enterprise value has decreased from Dec 2023 to Dec 2024, suggesting a decline in the company's total economic value.
-11.49%
Market Cap vs. Enterprise Value
A higher enterprise value growth rate compared to market cap growth could indicate that the company is investing heavily in growth initiatives or taking on more debt.
EV Growth > Market Cap Growth
Market Cap CAGR
The Compound Annual Growth Rate (CAGR) of market capitalization represents the mean annual growth rate over the entire available history (29 periods), accounting for compounding effects.
21.22%
Enterprise Value CAGR
The Compound Annual Growth Rate (CAGR) of enterprise value represents the mean annual growth rate over the entire available history (29 periods), accounting for compounding effects.
19.70%