Hi, I am gathering UK stocks information through financial numbers. But as I was looking into this firm, I tried to calculate the market capitalization by myself, and I found shares outstanding * stock price isn't equal to the market capitalization of this stock which is 1.19B I don't know how this number is 1.19B since the multiplication of shares outstanding and stock price isn't 1.19B

Thank you for your answer in advance


UK stocks are quoted in pence on the London Stock Exchange. The market cap is quoted in pounds, so you need to divide by 100.

i.e. 92 * 1299412465 / 100 = 1.195B

  • Oh I couldn't think of pence unit!! thank you for your answer!:) May 25 '19 at 4:11

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