[xkjkls]

Market cap is just a reflection of the total value of shares, enterprise value is a greater reflection of the perception of future cash flows, since it includes debt in the calculation.

Basically, Toyota has more debt, therefore its future earnings are assumed to be greater, because the market is valuing it at the current price, even knowing its debt burden. (Though there is alot of problems with this analysis based on how debt is accounted for, especially given companies like Toyota that have large financial units attached to them for loans).