The formula for calculating the shares outstanding consists of subtracting the shares repurchased from the total shares issued to date. The outstanding shares formula is represented as issued shares minus shares held in the company's treasury or treasury stock.As per Section 409A of IRC, a 409A valuation provides a 12month safe harbor for offering common stocks after an independent FMV appraisal. Learn about Days Inventory Outstanding (DIO), a vital metric in inventory management, to optimize stock levels and boost operational efficiency. The result is the company's market capitalization or market cap. Add together the numbers of preferred and common shares outstanding, and subtract the number of treasury shares. 1) Equal Opportunity Contracting Program Requirements - This Contract Document sets forth the requirements for the City's equal opportunity contracting program. Market Value Formula. Repurchase shares of the Company's issued and outstanding shares of common stock. County of San Diego.