Callaway Golf designs, manufactures and sells golf clubs (woods, irons and putters), golf balls and a line of apparel, gear and accessories. Co. sells its products to golf retailers (including pro-shops at golf courses and off-course retailers), sporting goods retailers, department stores, Internet retailers and mass merchants, directly and through its subsidiaries and third party distributors, as well as directly to consumers through its retail and outlet locations, and through its e-commerce channel. Co. also sells pre-owned Callaway and non-Callaway-branded golf products through its website www.callawaygolfpreowned.com, and licenses its trademarks and service marks to third parties. We show 51 historical shares outstanding datapoints in our ELY shares outstanding history coverage, used to compute ELY market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ELY market cap history over the course of time is important for investors
interested in comparing ELY'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 ELY versus a peer is one thing; comparing
ELY 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 ELY can fluctuate over the course of history.
With this page we aim to empower investors researching ELY by allowing them to research the ELY market cap history. |
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Video: The Importance of Market Cap
