Owens Corning is a building and construction materials provider. Co. has three reporting segments: Composites, Insulation and Roofing. Co.'s glass fiber materials can be found in end-use applications within three markets: building and construction, renewable energy and infrastructure. Co.'s Insulation segment includes a portfolio of high, mid and low-temperature products with a geographic mix of U.S., Canada, Europe, Asia-Pacific and Latin America, a market mix of residential, commercial, industrial and other markets, and a channel mix of retail, contractor and distribution. Co.'s primary products in the Roofing segment are laminate and strip asphalt roofing shingles. We show 58 historical shares outstanding datapoints in our OC shares outstanding history coverage, used to compute OC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing OC market cap history over the course of time is important for investors
interested in comparing OC'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 OC versus a peer is one thing; comparing
OC 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 OC can fluctuate over the course of history.
With this page we aim to empower investors researching OC by allowing them to research the OC market cap history. |
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Video: The Importance of Market Cap
