Emmis Communications is a holding company. Through its subsidiaries, Co. is a media company, principally focused on radio broadcasting. Co. owns Frequency Modulation (FM) and Amplitude Modulation radio stations in New York, Indianapolis, and Austin. One of the FM radio stations that Co. owns in New York is operated pursuant to a Local Marketing Agreement whereby a third party provides the programming for the station and sells all advertising within that programming. In addition to its radio properties, Co. also publishes Indianapolis Monthly and operates Digonex Technologies, Inc., a pricing business. We show 14 historical shares outstanding datapoints in our EMMS shares outstanding history coverage, used to compute EMMS market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing EMMS market cap history over the course of time is important for investors
interested in comparing EMMS'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 EMMS versus a peer is one thing; comparing
EMMS 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 EMMS can fluctuate over the course of history.
With this page we aim to empower investors researching EMMS by allowing them to research the EMMS market cap history. |
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Video: The Importance of Market Cap
