business newsThe 5 Cheapest Billion-Dollar Stocks
By
Bristol Voss Sep 20, 2012 3:50 pm
These names offer billions of dollars in market capitalization at single-digit prices.
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MINYANVILLE ORIGINAL Although you can't get something for nothing, it is always nice to get something more for less. With that in mind, we took a look at which companies had the highest market capitalization in relation to the cheapest stock price. With a floor of $11 billion in market capitalization, we identified 19 stocks which were selling for less than $10.
The largest maket cap was held by Banco Santander (NYSE:SAN) at $58.27 billion and the smallest by Telecom Italia (NYSE:TI) at $11.98 billion. Stock prices ranged from a low of $1.935 for Lloyds Banking (NYSE:LYG) to a high of $9.99 for Aviva (NYSE:AV).
By sector, the largest group of single-digit billion-dollar cap stocks were Banks (seven), followed by Financial Services and Telecom which both had four. Manufacturing, Electronics, Insurance, and Information Technology had one each.
We decided to determine which stocks delivered the biggest bang for an investor's buck in terms of a highly unscientific criteria of market cap divided by stock price.
For context, showing just how arbitrary this system is, the largest market cap stock listed, Apple (AAPL), has $620.91 stock price and a market cap of $580.95 billion for a score of 0.94. The highest price stock, Berkshire Hathaway (BRK-A) has a price of $1,270.20 and a market cap of $209.58 billion for a score of 0.17.
The largest maket cap was held by Banco Santander (NYSE:SAN) at $58.27 billion and the smallest by Telecom Italia (NYSE:TI) at $11.98 billion. Stock prices ranged from a low of $1.935 for Lloyds Banking (NYSE:LYG) to a high of $9.99 for Aviva (NYSE:AV).
By sector, the largest group of single-digit billion-dollar cap stocks were Banks (seven), followed by Financial Services and Telecom which both had four. Manufacturing, Electronics, Insurance, and Information Technology had one each.
We decided to determine which stocks delivered the biggest bang for an investor's buck in terms of a highly unscientific criteria of market cap divided by stock price.
For context, showing just how arbitrary this system is, the largest market cap stock listed, Apple (AAPL), has $620.91 stock price and a market cap of $580.95 billion for a score of 0.94. The highest price stock, Berkshire Hathaway (BRK-A) has a price of $1,270.20 and a market cap of $209.58 billion for a score of 0.17.
No positions in stocks mentioned.
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