PulteGroup, Inc. is a homebuilder in the U.S.. Co.'s segments include Homebuilding and Financial Services. The Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the U.S. and the construction of housing on such land. The Financial Services segment consist principally of mortgage banking, title, and insurance agency operations, through Pulte Mortgage LLC (Pulte Mortgage) and other subsidiaries. Pulte Mortgage arranges financing through the origination of mortgage loans primarily for the benefit of its homebuyers. We show 61 historical shares outstanding datapoints in our PHM shares outstanding history coverage, used to compute PHM market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PHM market cap history over the course of time is important for investors
interested in comparing PHM'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 PHM versus a peer is one thing; comparing
PHM 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 PHM can fluctuate over the course of history.
With this page we aim to empower investors researching PHM by allowing them to research the PHM market cap history. |
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Video: The Importance of Market Cap
