A.O. Smith manufactures and markets residential and commercial gas and electric water heaters, boilers, tanks and water treatment products. Co. has two segments: North America and Rest of World. Co.'s Rest of World segment is mainly comprised of China, Europe and India. In North America, Co. serves residential and commercial end markets with a range of products including: water heaters, boilers, water treatment products, and other, which consists of expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, related products and parts. The Chinese water heater market comprises of electric wall-hung, gas tankless, combi-boiler, heat pump and solar water heaters. We show 59 historical shares outstanding datapoints in our AOS shares outstanding history coverage, used to compute AOS market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing AOS market cap history over the course of time is important for investors
interested in comparing AOS's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of AOS versus a peer is one thing; comparing
AOS market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like AOS can fluctuate over the course of history.
With this page we aim to empower investors researching AOS by allowing them to research the AOS market cap history. |
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Video: The Importance of Market Cap
