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GuruFocus has detected 5 Warning Signs with Adobe Systems Inc $ADBE.
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Adobe Systems Inc (NAS:ADBE)
3-Year Average Share Buyback Ratio
-0.10 (As of Feb. 2017)

This is the average share buyback rate of the company over the past 3 years. A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

ADBE' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -8.4   Max: 4.3
Current: -0.1

-8.4
4.3

During the past 13 years, Adobe Systems Inc's highest 3-Year Average Share Buyback Ratio was 4.30. The lowest was -8.40. And the median was 0.80.

ADBE's 3-Year Average Share Buyback Ratio is ranked higher than
78% of the 1126 Companies
in the Global Software - Application industry.

( Industry Median: -2.40 vs. ADBE: -0.10 )

Definition

This is the average share buyback rate of the company over the past 3 years.


Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.


Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.


Related Terms

Net Income

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