PHH is a mortgage company that provide outsourced mortgage banking services to a variety of clients, including financial institutions and real estate brokers through Co.'s wholly-owned subsidiary, PHH Mortgage Corporation and its subsidiaries (collectively, PHH Mortgage). Co.'s operating segments are: Mortgage Production, which provides private label mortgage services to financial institutions and real estate brokers, and sources mortgage loans through its retail platform; and Mortgage Servicing, which services mortgage loans originated by PHH Mortgage where it retained the mortgage servicing rights and acts as a subservicer for certain clients that own the underlying servicing rights. We show 37 historical shares outstanding datapoints in our PHH shares outstanding history coverage, used to compute PHH market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PHH market cap history over the course of time is important for investors
interested in comparing PHH'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 PHH versus a peer is one thing; comparing
PHH 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 PHH can fluctuate over the course of history.
With this page we aim to empower investors researching PHH by allowing them to research the PHH market cap history. |
Free PHH Email Alerts:
Video: The Importance of Market Cap
