SJW is a holding company. Through its subsidiary, San Jose Water Company, Co. is a public utility in the business of providing water service in the metropolitan San Jose, CA area. SJWTX, Inc., a wholly owned subsidiary of Co., is doing business as Canyon Lake Water Service Company (CLWSC). CLWSC is a public utility in the business of providing water service in southern region of the Texas Hill Country in Bandera, Blanco, Comal, Hays, Kendall, Medina and Travis counties. SJW Land Company, a wholly owned subsidiary of Co., owns undeveloped land in California and Tennessee and operates commercial buildings in Tennessee. We show 56 historical shares outstanding datapoints in our SJW shares outstanding history coverage, used to compute SJW market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SJW market cap history over the course of time is important for investors
interested in comparing SJW'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 SJW versus a peer is one thing; comparing
SJW 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 SJW can fluctuate over the course of history.
With this page we aim to empower investors researching SJW by allowing them to research the SJW market cap history. |
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Video: The Importance of Market Cap
