Worthington Industries is an industrial manufacturing company, focused on steel processing and manufactured metal products. Co. has two segments: Steel Processing, which buys coils of steel from integrated steel mills and mini-mills and processes them to the precise type, thickness, length, width, shape and surface quality required by customer specifications, and toll processes steel for steel mills, end-users, service centers and other processors; and Pressure Cylinders, which manufactures and sells filled and unfilled pressure cylinders, tanks, hand torches, tools, well water and expansion tanks, along with various accessories and related products for various end-use market applications. We show 49 historical shares outstanding datapoints in our WOR shares outstanding history coverage, used to compute WOR market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing WOR market cap history over the course of time is important for investors
interested in comparing WOR'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 WOR versus a peer is one thing; comparing
WOR 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 WOR can fluctuate over the course of history.
With this page we aim to empower investors researching WOR by allowing them to research the WOR market cap history. |
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Video: The Importance of Market Cap
