Genuine Parts Co. is a global service company specializing in the distribution of automotive and industrial replacement parts. Co. operates through two segments: Automotive Parts Group (Automotive) and Industrial Parts Group (Industrial). Automotive segment distributes replacement parts (other than body parts) for substantially all makes and models of automobiles, trucks, and other vehicles. Industrial segment distributes a wide variety of industrial bearings, mechanical and fluid power transmission equipment, including hydraulic and pneumatic products, material handling components and related parts and supplies. We show 62 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 GPC market cap history over the course of time is important for investors
interested in comparing GPC'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 GPC versus a peer is one thing; comparing
GPC 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 GPC can fluctuate over the course of history.
With this page we aim to empower investors researching GPC by allowing them to research the GPC market cap history. |
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Video: The Importance of Market Cap
