Genuine Parts is a service organization engaged in the distribution of automotive and industrial replacement parts. Co.'s segments are: Automotive Parts Group, which distributes automotive parts, accessories and service items and provides inventory, cataloging, marketing, training and other programs to the automotive aftermarket; and Industrial Parts Group, which includes its subsidiary, Motion Industries, Inc., that distributes industrial replacement parts and related supplies such as bearings, mechanical and electrical power transmission products, industrial automation and robotics, hose, hydraulic and pneumatic components, industrial and safety supplies and material handling products. We show 58 historical shares outstanding datapoints in our GPC shares outstanding history coverage, used to compute GPC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing Genuine Parts market cap history over the course of time is important for investors
interested in comparing Genuine Parts'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 Genuine Parts versus a peer is one thing; comparing
Genuine Parts 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 Genuine Parts can fluctuate over the course of history.
With this page we aim to empower investors researching Genuine Parts by allowing them to research the Genuine Parts market cap history. |
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Video: The Importance of Market Cap
