MC is determined by share price. MC does not determine share...

MC is determined by share price. MC does not determine share price.
The value of something is what someone is prepared to pay for it. People don't purchase market caps. As I said it is good for peer comparisons. You might use a MC to assist in determining fair value however it is only one part of the picture. Someone else's MC can be at that level for many reasons so is only a small part of the overall assessment criteria but to each their own.
I would suggest to any newbies reading that they do their own research. Google is a great friend
KEY TAKEAWAYS

• Market capitalization refers to how much a company is worth as determined by the stock market. It is defined as the total market value of all outstanding shares.
• To calculate a company's market cap, multiply the number of outstanding shares by the current market value of one share.
• Companies are typically divided according to market capitalization: large-cap ($10 billion or more), mid-cap ($2 billion to $10 billion), and small-cap ($300 million to $2 billion).