Travel + Leisure is a provider of hospitality services and travel products. Co.'s Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, provides consumer financing in connection with the sale of VOIs, and provides property management services at resorts. This segment is comprised of the Wyndham Destinations business line. Co.'s Travel and Membership segment operates a range of travel businesses, including three vacation exchange brands, a home exchange network, travel technology platforms, travel memberships, and direct-to-consumer rentals. This segment is comprised of the Panorama and the Travel + Leisure Group business lines. We show 14 historical shares outstanding datapoints in our TNL shares outstanding history coverage, used to compute TNL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing TNL market cap history over the course of time is important for investors
interested in comparing TNL'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 TNL versus a peer is one thing; comparing
TNL 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 TNL can fluctuate over the course of history.
With this page we aim to empower investors researching TNL by allowing them to research the TNL market cap history. |
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Video: The Importance of Market Cap
