Compute market capitalization from share price and total shares outstanding.
市值 = 股价 × 总股本。
| Item | Formula / Rule | Source / Standard |
|---|---|---|
| Market capitalisation | Market cap = share price × total shares outstanding, including restricted and non-tradable stock | IAS 33 Earnings per Share, par. 6 |
| Free float | Index providers use free-float market cap, excluding strategic holders and locked-up shares | MSCI 2023, Global Investable Market Indexes Methodology |
| Size effect | Small caps trade less liquidly and move more, historically carrying a size premium | Fama & French 1993, Journal of Financial Economics 33(1) |