Tower Semiconductor Net Worth
Tower Semiconductor Net Worth Breakdown | TSEM |
Tower Semiconductor Net Worth Analysis
Tower Semiconductor's net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including Tower Semiconductor's financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of Tower Semiconductor's overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform Tower Semiconductor's net worth analysis. One common approach is to calculate Tower Semiconductor's market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares Tower Semiconductor's stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing Tower Semiconductor's net worth. This approach calculates the present value of Tower Semiconductor's future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of Tower Semiconductor's cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate Tower Semiconductor's net worth. This involves comparing Tower Semiconductor's financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into Tower Semiconductor's net worth relative to its peers.
Enterprise Value |
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To determine if Tower Semiconductor is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Tower Semiconductor's net worth research are outlined below:
Tower Semiconductor had very high historical volatility over the last 90 days | |
Tower Semiconductor is unlikely to experience financial distress in the next 2 years | |
About 73.0% of the company shares are owned by institutional investors | |
Latest headline from aol.com: Eiffel Tower fan builds scale replica in his back garden |
Tower Semiconductor Quarterly Good Will |
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Tower Semiconductor uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Tower Semiconductor. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Tower Semiconductor's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
14th of February 2024 Upcoming Quarterly Report | View | |
20th of May 2024 Next Financial Report | View | |
31st of December 2023 Next Fiscal Quarter End | View | |
14th of February 2024 Next Fiscal Year End | View | |
30th of September 2023 Last Quarter Report | View | |
31st of December 2022 Last Financial Announcement | View |
Tower Semiconductor Target Price Consensus
Tower target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Tower Semiconductor's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
5 | Strong Buy |
Most Tower analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Tower stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Tower Semiconductor, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationTower Semiconductor Target Price Projection
Tower Semiconductor's current and average target prices are 48.23 and 57.27, respectively. The current price of Tower Semiconductor is the price at which Tower Semiconductor is currently trading. On the other hand, Tower Semiconductor's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Tower Semiconductor Market Quote on 11th of August 2025
Target Price
Analyst Consensus On Tower Semiconductor Target Price
Know Tower Semiconductor's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Tower Semiconductor is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Tower Semiconductor backward and forwards among themselves. Tower Semiconductor's institutional investor refers to the entity that pools money to purchase Tower Semiconductor's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Mivtachim The Workers Social Ins Fd Ltd | 2025-03-31 | 931.3 K | Y.d. More Investments Ltd | 2025-03-31 | 869.3 K | Analog Century Management Lp | 2025-03-31 | 790.3 K | Systematic Financial Management Lp | 2025-03-31 | 775.2 K | William Blair Investment Management, Llc | 2025-06-30 | 753 K | Arvin Capital Management Lp | 2025-03-31 | 614.8 K | Granite Investment Partners, Llc | 2025-03-31 | 528.6 K | Renaissance Technologies Corp | 2025-03-31 | 430.7 K | Neuberger Berman Group Llc | 2025-03-31 | 417.6 K | Point72 Asset Management, L.p. | 2025-03-31 | 7.3 M | Vanguard Group Inc | 2025-03-31 | 4.1 M |
Follow Tower Semiconductor's market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 5.41 B.Market Cap |
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Project Tower Semiconductor's profitablity
Last Reported | Projected for Next Year | ||
Return On Tangible Assets | 0.07 | 0.07 | |
Return On Capital Employed | 0.07 | 0.07 | |
Return On Assets | 0.07 | 0.07 | |
Return On Equity | 0.08 | 0.08 |
When accessing Tower Semiconductor's net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures Tower Semiconductor's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Tower Semiconductor's profitability and make more informed investment decisions.
Evaluate Tower Semiconductor's management efficiency
Tower Semiconductor has return on total asset (ROA) of 0.0355 % which means that it generated a profit of $0.0355 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0729 %, meaning that it created $0.0729 on every $100 dollars invested by stockholders. Tower Semiconductor's management efficiency ratios could be used to measure how well Tower Semiconductor manages its routine affairs as well as how well it operates its assets and liabilities. As of the 11th of August 2025, Return On Tangible Assets is likely to grow to 0.07. Also, Return On Capital Employed is likely to grow to 0.07. At this time, Tower Semiconductor's Total Assets are very stable compared to the past year. As of the 11th of August 2025, Non Current Assets Total is likely to grow to about 1.4 B, while Non Currrent Assets Other are likely to drop about 6.6 M.Last Reported | Projected for Next Year | ||
Book Value Per Share | 23.75 | 22.57 | |
Tangible Book Value Per Share | 23.64 | 22.46 | |
Enterprise Value Over EBITDA | 11.67 | 12.26 | |
Price Book Value Ratio | 2.18 | 2.29 | |
Enterprise Value Multiple | 11.67 | 12.26 | |
Price Fair Value | 2.18 | 2.29 | |
Enterprise Value | 5.7 B | 6 B |
Tower Semiconductor benefits from a proactive management team that anticipates market trends. Our analysis delves into how this proactive stance influences financial metrics and stock valuation.
Enterprise Value Revenue 2.9494 | Revenue | Quarterly Revenue Growth 0.059 | Revenue Per Share | Return On Equity |
Tower Semiconductor Corporate Filings
6K | 7th of August 2025 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
5th of August 2025 Other Reports | ViewVerify | |
27th of May 2025 Other Reports | ViewVerify | |
30th of April 2025 Other Reports | ViewVerify |
Tower Semiconductor Earnings Estimation Breakdown
The calculation of Tower Semiconductor's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Tower Semiconductor is estimated to be 0.5415 with the future projection ranging from a low of 0.5325 to a high of 0.555. Please be aware that this consensus of annual earnings estimates for Tower Semiconductor is based on EPS before non-recurring items and includes expenses related to employee stock options.Last Reported EPS
0.53 Lowest | Expected EPS | 0.56 Highest |
Tower Semiconductor Earnings Projection Consensus
Suppose the current estimates of Tower Semiconductor's value are higher than the current market price of the Tower Semiconductor stock. In this case, investors may conclude that Tower Semiconductor is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Tower Semiconductor's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 31st of December 2025 | Current EPS (TTM) | |
4 | 84.67% | 0.0 | 0.5415 | 1.74 |
Tower Semiconductor Earnings per Share Projection vs Actual
Actual Earning per Share of Tower Semiconductor refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Tower Semiconductor predict the company's earnings will be in the future. The higher the earnings per share of Tower Semiconductor, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.Tower Semiconductor Estimated Months Earnings per Share
For an investor who is primarily interested in generating an income out of investing in entities such as Tower Semiconductor, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Tower Semiconductor should always be considered in relation to other companies to make a more educated investment decision.Tower Quarterly Analyst Estimates and Surprise Metrics
Earnings surprises can significantly impact Tower Semiconductor's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
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null | null | null | null | null | 0 | ||
2025-08-04 | 2025-06-30 | 0.43 | 0.5 | 0.07 | 16 | ||
2025-05-07 | 2025-03-31 | 0.378 | 0.45 | 0.072 | 19 | ||
2025-02-12 | 2024-12-31 | 0.534 | 0.59 | 0.056 | 10 | ||
2024-11-13 | 2024-09-30 | 0.53 | 0.57 | 0.04 | 7 | ||
2024-07-24 | 2024-06-30 | 0.45 | 0.53 | 0.08 | 17 | ||
2024-05-09 | 2024-03-31 | 0.39 | 0.46 | 0.07 | 17 | ||
2024-02-14 | 2023-12-31 | 0.52 | 0.55 | 0.03 | 5 | ||
2023-11-13 | 2023-09-30 | 0.5 | 0.54 | 0.04 | 8 | ||
2023-07-26 | 2023-06-30 | 0.49 | 0.45 | -0.04 | 8 | ||
2023-05-15 | 2023-03-31 | 0.47 | 0.36 | -0.11 | 23 | ||
2023-02-16 | 2022-12-31 | 0.57 | 0.69 | 0.12 | 21 | ||
2022-11-14 | 2022-09-30 | 0.61 | 0.73 | 0.12 | 19 | ||
2022-08-02 | 2022-06-30 | 0.57 | 0.58 | 0.01 | 1 | ||
2022-05-16 | 2022-03-31 | 0.51 | 0.55 | 0.04 | 7 | ||
2022-02-17 | 2021-12-31 | 0.46 | 0.55 | 0.09 | 19 | ||
2021-11-08 | 2021-09-30 | 0.37 | 0.41 | 0.04 | 10 | ||
2021-08-02 | 2021-06-30 | 0.33 | 0.34 | 0.01 | 3 | ||
2021-05-12 | 2021-03-31 | 0.31 | 0.31 | 0.0 | 0 | ||
2021-02-17 | 2020-12-31 | 0.33 | 0.34 | 0.01 | 3 | ||
2020-11-12 | 2020-09-30 | 0.18 | 0.18 | 0.0 | 0 | ||
2020-07-29 | 2020-06-30 | 0.23 | 0.22 | -0.01 | 4 | ||
2020-05-13 | 2020-03-31 | 0.19 | 0.2 | 0.01 | 5 | ||
2020-02-18 | 2019-12-31 | 0.25 | 0.22 | -0.03 | 12 | ||
2019-11-13 | 2019-09-30 | 0.24 | 0.25 | 0.01 | 4 | ||
2019-07-29 | 2019-06-30 | 0.22 | 0.24 | 0.02 | 9 | ||
2019-05-15 | 2019-03-31 | 0.29 | 0.29 | 0.0 | 0 | ||
2019-02-19 | 2018-12-31 | 0.42 | 0.42 | 0.0 | 0 | ||
2018-10-29 | 2018-09-30 | 0.4 | 0.37 | -0.03 | 7 | ||
2018-07-26 | 2018-06-30 | 0.4 | 0.41 | 0.01 | 2 | ||
2018-05-07 | 2018-03-31 | 0.42 | 0.31 | -0.11 | 26 | ||
2018-02-22 | 2017-12-31 | 0.54 | 0.58 | 0.04 | 7 | ||
2017-11-07 | 2017-09-30 | 0.52 | 0.59 | 0.07 | 13 | ||
2017-08-03 | 2017-06-30 | 0.49 | 0.53 | 0.04 | 8 | ||
2017-05-08 | 2017-03-31 | 0.43 | 0.49 | 0.06 | 13 | ||
2017-02-13 | 2016-12-31 | 0.48 | 0.52 | 0.04 | 8 | ||
2016-11-15 | 2016-09-30 | 0.41 | 0.45 | 0.04 | 9 | ||
2016-08-04 | 2016-06-30 | 0.34 | 0.39 | 0.05 | 14 | ||
2016-05-09 | 2016-03-31 | 0.66 | 0.31 | -0.35 | 53 | ||
2016-02-24 | 2015-12-31 | 0.63 | 0.88 | 0.25 | 39 | ||
2015-11-11 | 2015-09-30 | 0.57 | 0.62 | 0.05 | 8 | ||
2015-08-05 | 2015-06-30 | 0.52 | 0.62 | 0.1 | 19 | ||
2015-05-13 | 2015-03-31 | 0.49 | 0.78 | 0.29 | 59 | ||
2015-02-23 | 2014-12-31 | 0.58 | 0.83 | 0.25 | 43 | ||
2014-11-13 | 2014-09-30 | 0.33 | 0.58 | 0.25 | 75 | ||
2014-08-04 | 2014-06-30 | 0.42 | 0.41 | -0.01 | 2 | ||
2014-05-05 | 2014-03-31 | 0.3 | 0.24 | -0.06 | 20 | ||
2014-02-27 | 2013-12-31 | 0.28 | 0.34 | 0.06 | 21 | ||
2013-11-06 | 2013-09-30 | 0.37 | 0.22 | -0.15 | 40 | ||
2013-08-08 | 2013-06-30 | 0.17 | 0.36 | 0.19 | 111 | ||
2013-05-09 | 2013-03-31 | -0.66 | -0.96 | -0.3 | 45 | ||
2013-02-14 | 2012-12-31 | -0.39 | -1.05 | -0.66 | 169 | ||
2012-11-15 | 2012-09-30 | 0.84 | 0.65 | -0.19 | 22 | ||
2012-08-09 | 2012-06-30 | 0.66 | 2.08 | 1.42 | 215 | ||
2012-05-18 | 2012-03-31 | 0.3 | 1.5 | 1.2 | 400 | ||
2012-02-16 | 2011-12-31 | 0.9 | 1.65 | 0.75 | 83 | ||
2011-11-15 | 2011-09-30 | 2.1 | 2.1 | 0.0 | 0 | ||
2011-08-04 | 2011-06-30 | 1.8 | 2.25 | 0.45 | 25 | ||
2011-05-17 | 2011-03-31 | 1.75 | 1.65 | -0.1 | 5 | ||
2011-02-14 | 2010-12-31 | 2.1 | 2.1 | 0.0 | 0 | ||
2010-11-11 | 2010-09-30 | 2.35 | 2.25 | -0.1 | 4 | ||
2010-08-10 | 2010-06-30 | 2.33 | 2.25 | -0.08 | 3 | ||
2010-05-12 | 2010-03-31 | 0.45 | 2.1 | 1.65 | 366 | ||
2010-02-24 | 2009-12-31 | -1.35 | -2.4 | -1.05 | 77 | ||
2008-08-20 | 2008-06-30 | -3.3 | -3.75 | -0.45 | 13 | ||
2008-05-19 | 2008-03-31 | -3 | -3.6 | -0.6 | 20 | ||
2008-02-06 | 2007-12-31 | -3.75 | -3.0 | 0.75 | 20 | ||
2007-11-06 | 2007-09-30 | -3.9 | -4.05 | -0.15 | 3 | ||
2007-08-15 | 2007-06-30 | -4.65 | -4.2 | 0.45 | 9 | ||
2007-05-01 | 2007-03-31 | -5.55 | -5.4 | 0.15 | 2 | ||
2007-02-07 | 2006-12-31 | -6 | -6.0 | 0.0 | 0 | ||
2006-11-07 | 2006-09-30 | -6.45 | -7.2 | -0.75 | 11 | ||
2006-07-26 | 2006-06-30 | -8.4 | -8.25 | 0.15 | 1 | ||
2006-05-17 | 2006-03-31 | -8.1 | -9.45 | -1.35 | 16 | ||
2006-02-01 | 2005-12-31 | -10.65 | -8.25 | 2.4 | 22 | ||
2005-11-08 | 2005-09-30 | -11.47 | -12.45 | -0.98 | 8 | ||
2005-08-02 | 2005-06-30 | -11.55 | -10.65 | 0.9 | 7 | ||
2005-05-26 | 2005-03-31 | -12 | -12.6 | -0.6 | 5 | ||
2005-02-04 | 2004-12-31 | -10.27 | -12.75 | -2.48 | 24 | ||
2004-10-21 | 2004-09-30 | -8.55 | -9.0 | -0.45 | 5 | ||
2004-07-21 | 2004-06-30 | -8.65 | -8.25 | 0.4 | 4 | ||
2004-04-28 | 2004-03-31 | -10.6 | -9.15 | 1.45 | 13 | ||
2004-02-02 | 2003-12-31 | -10.5 | -13.65 | -3.15 | 30 | ||
2003-11-02 | 2003-09-30 | -11.7 | -11.55 | 0.15 | 1 | ||
2003-08-08 | 2003-06-30 | -4.65 | -5.55 | -0.9 | 19 | ||
2003-05-04 | 2003-03-31 | -4.8 | -4.95 | -0.15 | 3 | ||
2003-02-24 | 2002-12-31 | -4.5 | -4.95 | -0.45 | 10 | ||
2002-10-30 | 2002-09-30 | -6.75 | -7.2 | -0.45 | 6 | ||
2002-07-31 | 2002-06-30 | -7.2 | -5.85 | 1.35 | 18 | ||
2002-05-01 | 2002-03-31 | -6.6 | -7.05 | -0.45 | 6 | ||
2002-01-30 | 2001-12-31 | -6.15 | -6.15 | 0.0 | 0 | ||
2001-10-30 | 2001-09-30 | -8.18 | -9.0 | -0.82 | 10 | ||
2001-07-31 | 2001-06-30 | -7.87 | -7.35 | 0.52 | 6 | ||
2001-01-29 | 2000-12-31 | 0.15 | 0.45 | 0.3 | 200 | ||
2000-10-25 | 2000-09-30 | 0.45 | 0.6 | 0.15 | 33 | ||
2000-07-24 | 2000-06-30 | -0.75 | 0.45 | 1.2 | 160 | ||
2000-05-01 | 2000-03-31 | -3.07 | -2.25 | 0.82 | 26 | ||
2000-01-31 | 1999-12-31 | -4.65 | -3.15 | 1.5 | 32 | ||
1999-10-20 | 1999-09-30 | -8.2 | -5.55 | 2.65 | 32 | ||
1999-07-21 | 1999-06-30 | -8.35 | -8.25 | 0.1 | 1 | ||
1999-04-28 | 1999-03-31 | -5.95 | -7.5 | -1.55 | 26 | ||
1999-01-27 | 1998-12-31 | -5.2 | -4.95 | 0.25 | 4 | ||
1998-10-28 | 1998-09-30 | -6 | -5.7 | 0.3 | 5 | ||
1998-07-28 | 1998-06-30 | -6 | -5.7 | 0.3 | 5 | ||
1998-05-04 | 1998-03-31 | -1.95 | -1.65 | 0.3 | 15 | ||
1998-01-28 | 1997-12-31 | 3.9 | 4.65 | 0.75 | 19 | ||
1997-10-28 | 1997-09-30 | 5.85 | 6.0 | 0.15 | 2 | ||
1997-07-22 | 1997-06-30 | 4.35 | 5.55 | 1.2 | 27 | ||
1997-04-16 | 1997-03-31 | 2.4 | 4.95 | 2.55 | 106 | ||
1996-11-04 | 1996-09-30 | 0.45 | 0.75 | 0.3 | 66 | ||
1996-07-23 | 1996-06-30 | 5.25 | 3.45 | -1.8 | 34 | ||
1996-05-01 | 1996-03-31 | 4.65 | 5.7 | 1.05 | 22 | ||
1996-02-13 | 1995-12-31 | 7.28 | 7.35 | 0.07 | 0 | ||
1995-10-30 | 1995-09-30 | 6.3 | 6.6 | 0.3 | 4 | ||
1995-07-24 | 1995-06-30 | 6.08 | 6.9 | 0.82 | 13 | ||
1995-05-01 | 1995-03-31 | 4.72 | 5.55 | 0.83 | 17 | ||
1995-02-21 | 1994-12-31 | 4.05 | 4.8 | 0.75 | 18 |
Tower Semiconductor Corporate Management
Nati JD | Chief VP | Profile | |
Rafi Mor | Chief Operation Officer of a Subsidiary | Profile | |
Dani Ashkenazi | Senior Quality | Profile | |
Lei Qin | Senior Sales | Profile |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tower Semiconductor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in national income and product accounts. To learn how to invest in Tower Stock, please use our How to Invest in Tower Semiconductor guide.You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tower Semiconductor. If investors know Tower will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tower Semiconductor listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.15) | Earnings Share 1.74 | Revenue Per Share | Quarterly Revenue Growth 0.059 | Return On Assets |
The market value of Tower Semiconductor is measured differently than its book value, which is the value of Tower that is recorded on the company's balance sheet. Investors also form their own opinion of Tower Semiconductor's value that differs from its market value or its book value, called intrinsic value, which is Tower Semiconductor's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tower Semiconductor's market value can be influenced by many factors that don't directly affect Tower Semiconductor's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tower Semiconductor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tower Semiconductor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tower Semiconductor's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.