PerkinElmer (NYSE:PKI) has outperformed the market over the past 10 years by 11.05% on an annualized basis.
Buying $100 In PKI: 10 years ago, an investor could have purchased 5.21 shares of PerkinElmer at the time with $100. This investment in PKI would have produced an average annual return of 25.41%. Currently, PerkinElmer has a market capitalization of $22.82 billion.
PerkinElmer’s Share Price Over Last 10 Years
This $100 investment would be worth $1,013.42 today based on a price of $180.785 for PKI at the time of writing. In other words, you would have more than 10X’d your money.
Finally — what’s the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
You can check out Benzinga’s market data in an enhanced view on Benzinga Pro
This article was generated by Benzinga’s automated content engine and reviewed by an editor.