NOW is a holding company. Through its subsidiaries, Co. is a distributor to the oil and gas and industrial markets. Co.'s product offering includes consumable maintenance, repair and operating supplies, pipe, valves, fittings, flanges, gaskets, fasteners, electrical, instrumentation, artificial lift, pumping solutions, valve actuation and modular process, measurement and control equipment. Co. also provides procurement, warehouse and inventory management solutions as part of its supply chain and materials management offering. Co.'s solutions include outsourcing the functions of its customers' procurement, warehouse and inventory management, point of issue technology, and project management. We show 38 historical shares outstanding datapoints in our DNOW shares outstanding history coverage, used to compute DNOW market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing DNOW market cap history over the course of time is important for investors
interested in comparing DNOW'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 DNOW versus a peer is one thing; comparing
DNOW 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 DNOW can fluctuate over the course of history.
With this page we aim to empower investors researching DNOW by allowing them to research the DNOW market cap history. |
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Video: The Importance of Market Cap
