Snap-on is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for users performing tasks including those working in vehicle repair, aerospace, the military, natural resources, and manufacturing. Co.'s reportable business segments are: Commercial and Industrial Group, which consists of business operations serving a range of industrial and commercial customers worldwide; Snap-on Tools Group, which consists of business operations primarily serving vehicle service and repair technicians; Repair Systems and Information Group, which consists of business operations serving other vehicle repair customers worldwide; and Financial Services. We show 58 historical shares outstanding datapoints in our SNA shares outstanding history coverage, used to compute SNA market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SNA market cap history over the course of time is important for investors
interested in comparing SNA'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 SNA versus a peer is one thing; comparing
SNA 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 SNA can fluctuate over the course of history.
With this page we aim to empower investors researching SNA by allowing them to research the SNA market cap history. |
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Video: The Importance of Market Cap
