Liberty Tax is a holding company. Through its subsidiaries, Co. is engaged as a franchisor and operator of a system of income tax preparation offices located in the U.S. and Canada. Through this system of income tax preparation offices, Co. facilitates refund-based tax settlement financial products, such as refunds transfer products and personal income tax refund discounting. Co. also provides online tax preparation services. Co.'s tax settlement products include: its refund transfer products, which involve direct deposit of the customer's tax refund into a temporary bank account in the customer's name; and its refund-based loans, which provides refund advance product to its customers. We show 24 historical shares outstanding datapoints in our TAX shares outstanding history coverage, used to compute TAX market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing TAX market cap history over the course of time is important for investors
interested in comparing TAX'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 TAX versus a peer is one thing; comparing
TAX 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 TAX can fluctuate over the course of history.
With this page we aim to empower investors researching TAX by allowing them to research the TAX market cap history. |
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Video: The Importance of Market Cap
