Reliance Steel & Aluminum is a metal solutions provider and a metals service center company in North America (U.S. and Canada). Co. provides metals processing services and distributes a line of metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and specialty steel products, to its customers in a range of industries, including general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industry. Co. also services the auto industry, primarily through its toll processing operations where it processes the metal for a fee, without taking ownership of the metal. We show 61 historical shares outstanding datapoints in our RS shares outstanding history coverage, used to compute RS market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing RS market cap history over the course of time is important for investors
interested in comparing RS'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 RS versus a peer is one thing; comparing
RS 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 RS can fluctuate over the course of history.
With this page we aim to empower investors researching RS by allowing them to research the RS market cap history. |
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Video: The Importance of Market Cap
