Patrick Industries is a component solutions provider for the recreational vehicle, marine, manufactured housing and various industrial markets. Co. operates within two reportable segments: Manufacturing, which includes laminated products that are utilized to produce furniture, shelving, walls, countertops and cabinet products, cabinet doors, and fiberglass bath fixtures and tile systems; and Distribution, which includes the distribution of pre-finished wall and ceiling panels, drywall and drywall finishing products, electronics and audio systems components, appliances, marine accessories and components, wiring, electrical and plumbing products, and fiber reinforced polyester products. We show 59 historical shares outstanding datapoints in our PATK shares outstanding history coverage, used to compute PATK market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PATK market cap history over the course of time is important for investors
interested in comparing PATK'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 PATK versus a peer is one thing; comparing
PATK 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 PATK can fluctuate over the course of history.
With this page we aim to empower investors researching PATK by allowing them to research the PATK market cap history. |
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Video: The Importance of Market Cap
