American States Water is a holding company. Co. is the parent company of Golden State Water Company (GSWC), Bear Valley Electric Service Inc. (BVESI), and American States Utility Services, Inc. (ASUS). Co. has three reportable segments: water, electric and contracted services. Within the segments, Co. has three principal business units, water and electric service utility operations conducted through its regulated utilities, GSWC and BVESI, respectively, and contracted services conducted through ASUS and its subsidiaries. We show 54 historical shares outstanding datapoints in our AWR shares outstanding history coverage, used to compute AWR market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing AWR market cap history over the course of time is important for investors
interested in comparing AWR'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 AWR versus a peer is one thing; comparing
AWR 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 AWR can fluctuate over the course of history.
With this page we aim to empower investors researching AWR by allowing them to research the AWR market cap history. |
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Video: The Importance of Market Cap
