{"slug":"market-cap-and-shares-outstanding","qid":"multi_class","label":"Dual class tickers and the market cap printed against each","post_title":"Market Cap and Which Share Count It Uses","post_url":"/blog/market-cap-and-shares-outstanding#q-multi_class","columns":["ticker","market_cap_bn","implied_shares_mm","priced_on"],"rows":[{"ticker":"GOOGL","market_cap_bn":4166.4,"implied_shares_mm":12230,"priced_on":"Aug 20, 2026"},{"ticker":"GOOG","market_cap_bn":4136.2,"implied_shares_mm":12230,"priced_on":"Aug 20, 2026"},{"ticker":"FOXA","market_cap_bn":28.5,"implied_shares_mm":420,"priced_on":"Aug 20, 2026"},{"ticker":"FOX","market_cap_bn":25.4,"implied_shares_mm":420,"priced_on":"Aug 20, 2026"}],"shape":"ranking","sql":"SELECT\n    ticker,\n    round(argMax(toFloat64(market_cap), date) / 1e9, 1)                 AS market_cap_bn,\n    round(argMax(toFloat64(market_cap) / toFloat64(price), date) / 1e6) AS implied_shares_mm,\n    argMax(formatDateTime(date, '%b %e, %Y'), date)                     AS priced_on\nFROM global_markets.stocks_ratios\nWHERE ticker IN ('GOOGL', 'GOOG', 'FOXA', 'FOX')\n  AND price > 0\n  AND market_cap > 0\nGROUP BY ticker\nORDER BY market_cap_bn DESC","computed_at":"2026-08-22T04:16:16.222979+00:00","elapsed":0.01652203}