Toll Brothers, Inc. is a builder of luxury homes. Co. designs, builds, markets, sells and arranges financing for an array of luxury residential single-family detached home, attached home, master-planned, and urban low-, mid-, and high-rise communities. Co. operates its own architectural, engineering, mortgage, title, land development, insurance, smart home technology and landscaping subsidiaries. It also develops master-planned and golf course communities as well as operate, in certain regions, its own lumber distribution, house component assembly and manufacturing operations. We show 61 historical shares outstanding datapoints in our TOL shares outstanding history coverage, used to compute TOL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing TOL market cap history over the course of time is important for investors
interested in comparing TOL'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 TOL versus a peer is one thing; comparing
TOL 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 TOL can fluctuate over the course of history.
With this page we aim to empower investors researching TOL by allowing them to research the TOL market cap history. |
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Video: The Importance of Market Cap
