Abstract

The case study discusses India’s leading IT services company – Tata Consultancy Services Ltd. – becoming the most valuable IT services company in the world in October 2020, surpassing Accenture Plc (Accenture) in terms of market capitalization. This case is mainly useful in understanding market capitalization and various related concepts. It helps in understanding the significance of market capitalization, its determinants, and how to calculate market capitalization and free-float market capitalization of any public listed company with real data.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

• To understand the significance and determinants of market capitalization
• To understand how to calculate market capitalization with the help of real data
• To understand the importance of free-float market capitalization and how to calculate it

Keywords

Financial Performance; Market Capitalization; Market Cap; Free-Float Market Cap; TCS; Accenture; Significance of Market Cap; Determinants of Market Cap; Estimation the Market Cap