Lennar is a homebuilder in the U.S., an originator of residential and commercial mortgage loans, a provider of title insurance and closing services and a developer of multifamily rental properties. Co.'s homebuilding operations include the construction and sale of single-family attached and detached homes as well as the purchase, development and sale of residential land directly and through entities in which it has investments. Co. operates primarily under the Lennar brand name. Co. creates and participates in joint ventures that acquire and develop land for its homebuilding operations, for sale to third parties or for use in the ventures' own homebuilding operations. We show 57 historical shares outstanding datapoints in our LEN shares outstanding history coverage, used to compute LEN market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing LEN market cap history over the course of time is important for investors
interested in comparing LEN'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 LEN versus a peer is one thing; comparing
LEN 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 LEN can fluctuate over the course of history.
With this page we aim to empower investors researching LEN by allowing them to research the LEN market cap history. |
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Video: The Importance of Market Cap
