Advanced Drainage Systems is a manufacturer of water management solutions in the stormwater and onsite septic wastewater industries. Co. designs, manufactures and markets a line of thermoplastic corrugated pipe and related water management products for use in a range of end markets. Co.'s product line includes: single, double and triple wall corrugated polypropylene and polyethylene pipe, plastic leachfield chambers and systems, septic tanks and accessories, and a variety of additional water management products including: storm retention/detention and septic chambers; polyvinyl chloride drainage structures; fittings; and water quality filters and separators. We show 33 historical shares outstanding datapoints in our WMS shares outstanding history coverage, used to compute WMS market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing WMS market cap history over the course of time is important for investors
interested in comparing WMS'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 WMS versus a peer is one thing; comparing
WMS 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 WMS can fluctuate over the course of history.
With this page we aim to empower investors researching WMS by allowing them to research the WMS market cap history. |
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Video: The Importance of Market Cap
