Kennametal is a manufacturer of tungsten carbide metal cutting tooling. Co.'s capability includes the development and application of tungsten carbides, ceramics, super-hard materials and solutions used in metal cutting and wear applications. Co.'s operating segments are: Metal Cutting, which develops and manufactures tooling and metal cutting products and services and provides an assortment of metal cutting solutions to end markets; and Infrastructure, which produces engineered tungsten carbide and ceramic components, earth-cutting tools, and metallurgical powders, primarily for the aerospace and defense, energy, earthworks and general engineering end markets. We show 57 historical shares outstanding datapoints in our KMT shares outstanding history coverage, used to compute KMT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing KMT market cap history over the course of time is important for investors
interested in comparing KMT'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 KMT versus a peer is one thing; comparing
KMT 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 KMT can fluctuate over the course of history.
With this page we aim to empower investors researching KMT by allowing them to research the KMT market cap history. |
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Video: The Importance of Market Cap
