why is this UK firm's market capitalization number weird?
uk.investing.com/equities/uk-comm-prop-trust
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
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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
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