Market capitalization is the value of all a company’s shares at the present price. It is a measure of what the market thinks the whole company is worth.

We have added a new column labeled “Cap,” which can be found toward the right side of the company sort tables, as indicated in the illustration below:

We have adopted Wall Street convention by considering companies whose market capitalization is $10 billion or greater to be large capitalization (“L”). Small caps (“S”) are those whose capitalization is under $2 billion. Those between $2 billion and $10 billion are considered “Mid caps” (“M”).

This indicator is also included in the Excel spreadsheet version in the online edition of each IAS issue. Click the "XLS" link under the Portfolio Sorts heading of any issue's table of contents to download the current spreadsheet to your computer to sort the companies currently being tracked in IAS by any of the available criteria, including Market Cap, Percentage Yield, Projected Total Return, or Recommendation Date, for instance.