Compute free float shares and float-adjusted market cap.
Please do not make financial decisions based on these results.
What is the Free Float Calculator?
Compute free float shares and float-adjusted market cap. To use the Free Float Calculator, enter shares outstanding, restricted shares, share price; it returns free float shares, float percentage, float-adjusted market cap, and shows them instantly as you type.
Where the Free Float Calculator fits
Compute free float shares and float-adjusted market cap. The main figure it returns is the Free float shares, worked out from the values you enter.
It belongs with the other stocks & equity analysis tools. If you are comparing options or checking a result from another angle, try the Enterprise Value Calculator, Market Capitalization Calculator or the Dividend Calculator.
How to use the Free Float Calculator
- Enter your numbers. Start with Shares outstanding, Restricted shares, Share price ($). Take price and share figures from the latest filing or quote. Fields marked optional can stay at zero.
- Read the result. The highlighted box gives the Free float shares, and the cards below show Float percentage, Float-adjusted market cap. Tables and charts break it down further.
- Test other scenarios. Results update as you type. Change one value at a time to see what drives the answer, and press Reset to go back to the defaults.
Formula and how it works
Example with real numbers
Here is the Free Float Calculator using the default values shown in the calculator above:
Inputs
| Shares outstanding | 100,000,000 |
|---|---|
| Restricted shares | 22,000,000 |
| Share price ($) | 35 |
Results
| Free float shares | 78,000,000 |
|---|---|
| Float percentage | 78% |
| Float-adjusted market cap | $2,730,000,000.00 |
With these inputs the calculator returns Free float shares: 78,000,000. Change any value in the calculator to see how the result moves.
What if you change one input?
Sensitivity check: raising Shares outstanding from 100,000,000 to 120,000,000 (about 20% higher) and leaving everything else as in the example above changes the results like this:
| Result | Example | After the change | Change |
|---|---|---|---|
| Free float shares | 78,000,000 | 98,000,000 | +25.6% |
| Float percentage | 78% | 81.67% | +4.7% |
| Float-adjusted market cap | $2,730,000,000.00 | $3,430,000,000.00 | +25.6% |
The input that moves the result most is the one to check twice. Change it in the calculator above to test your own case.
What the results tell you
The results panel of the Free Float Calculator reports Free float shares, float percentage and float-adjusted market cap. Compare these figures while changing one input at a time, and use the related calculators below to look at the same situation from another angle.
Method and limits. This calculator applies the formula in the section above to your inputs, in your browser; nothing you enter is stored on our servers. The result is only as accurate as the numbers you enter and the formula shown above. It is for information, not financial, tax or legal advice.
Frequently asked questions
Why does free float matter?
Indexes use it to weight companies by the shares actually available to trade.
Where do I find the inputs?
Company filings (10-K and 10-Q), investor relations pages and your broker show earnings, equity, debt and share counts.
Which valuation ratio should I trust?
No single ratio is enough. Compare several multiples with the company’s own history and its industry peers.
Are the results guaranteed?
No. Results depend entirely on the numbers you enter and the formulas shown on this page. Please do not make financial decisions based on them alone; confirm important figures with a licensed professional.
Related stocks & equity analysis calculators
- Enterprise Value Calculator
- Market Capitalization Calculator
- Dividend Calculator
- EBITDA Multiple Calculator
- Beta Stock Calculator
- CAPM Calculator – Capital Asset Pricing Model
- Cost of Equity Calculator
- Earnings per Share Calculator
- Graham Number Calculator
- Margin of Safety Calculator
- Maturity Value Calculator
- NAV Calculator — Net Asset Value
All Stocks & Equity Analysis calculators →