Planet Fitness is a holding company. Through its subsidiries, Co. is engaged as a franchisor and operator of fitness centers. Co.'s PF Black Card members also have access to water massage beds, massage chairs, tanning equipment and more. Co. operates and manages its business in three business segments:Franchise, which includes operations related to its franchising business in the U.S., Puerto Rico, Canada, Panama, Mexico and Australia; Corporate-owned stores, which includes operations with respect to all corporate-owned stores throughout the U.S. and Canada; and Equipment, which includes the sale of equipment to franchisee-owned stores in the U.S and Canada. We show 35 historical shares outstanding datapoints in our PLNT shares outstanding history coverage, used to compute PLNT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PLNT market cap history over the course of time is important for investors
interested in comparing PLNT'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 PLNT versus a peer is one thing; comparing
PLNT 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 PLNT can fluctuate over the course of history.
With this page we aim to empower investors researching PLNT by allowing them to research the PLNT market cap history. |
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Video: The Importance of Market Cap
