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Aspen Technology Inc (NAS:AZPN)
3-Year Buyback Ratio
-1.50 (As of Mar. 2014)

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.

AZPN' s 10-Year Buyback Ratio Range
Min: 0.2   Max: -31.3
Current: -1.5

During the past 13 years, Aspen Technology Inc's highest 3-Year Average Share Buyback Ratio was -31.30. The lowest was 0.20. And the median was -7.20.

AZPN's Buyback Ratiois ranked higher than
70% of the 1185 Companies
in the Global Software - Application industry.

( Industry Median: -1.30 vs. AZPN: -1.50 )

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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