Philip Morris International is a holding company. Through its subsidiaries, Co. is an international tobacco company engaged in the manufacture and sale of cigarettes, as well as smoke-free products, associated electronic devices and accessories, and other nicotine-containing products in markets outside the U.S. Co. has a range of reduced-risk products in various stages of development, scientific assessment and commercialization. Co.'s IQOS smoke-free product brand portfolio includes heated tobacco and nicotine-containing vapor products. Co.'s smoke-free platform is a controlled device into which a heated tobacco unit is inserted and heated to generate an aerosol. We show 58 historical shares outstanding datapoints in our PM shares outstanding history coverage, used to compute PM market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing Philip Morris International market cap history over the course of time is important for investors
interested in comparing Philip Morris International'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 Philip Morris International versus a peer is one thing; comparing
Philip Morris International 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 Philip Morris International can fluctuate over the course of history.
With this page we aim to empower investors researching Philip Morris International by allowing them to research the Philip Morris International market cap history. |
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Video: The Importance of Market Cap
