As of December 23, 2024, Driven Brands Holdings has a market capitalization, or net worth, of $2.61 billion.
Understanding Market Capitalization
Market capitalization, often referred to as market cap, is a key metric used to determine a company's total value. It is calculated by multiplying the company's current share price by the total number of its outstanding shares. This figure represents the total value of all of a company's shares of stock and gives investors an idea of what a company is worth on the open market.
For Driven Brands Holdings, its market cap provides a snapshot of its current valuation in the financial markets.
Driven Brands Holdings Financial Snapshot
Here's a quick look at Driven Brands Holdings' recent valuation:
| Metric | Value |
|---|---|
| Market Capitalization | $2.61 billion |
| As of Date | December 23, 2024 |
| One-Year Growth | 23.70% |
This notable increase of 23.70% in its market cap over one year indicates significant growth and positive investor sentiment regarding the company's performance and future prospects.
Market capitalization can fluctuate daily based on stock market dynamics, reflecting investor confidence, company performance, economic conditions, and industry trends.
