Goodyear Tire & Rubber is a manufacturer of tires. Co. develops, manufactures, distributes and sells tires for various applications. Co. also manufactures and sells rubber-related chemicals for various applications. Co. is an operator of commercial truck service and tire retreading centers. Co. operates various retail outlets where it provides its products for sale to consumer and commercial customers and provides repair and other services. Co. operates its business through the following operating segments representing its regional tire businesses: Americas; Europe, Middle East and Africa; and Asia Pacific. We show 56 historical shares outstanding datapoints in our GT shares outstanding history coverage, used to compute GT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing Goodyear Tire and Rubber market cap history over the course of time is important for investors
interested in comparing Goodyear Tire and Rubber'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 Goodyear Tire and Rubber versus a peer is one thing; comparing
Goodyear Tire and Rubber 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 Goodyear Tire and Rubber can fluctuate over the course of history.
With this page we aim to empower investors researching Goodyear Tire and Rubber by allowing them to research the Goodyear Tire and Rubber market cap history. |
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Video: The Importance of Market Cap
