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Aspen Technology Inc (NAS:AZPN)
3-Year Average Buyback Ratio
3.30 (As of Mar. 2016)

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 3-Year Average Buyback Ratio Range Over the Past 10 Years
Min: -29.5   Max: 3.3
Current: 3.3

-29.5
3.3

During the past 13 years, Aspen Technology Inc's highest 3-Year Average Share Buyback Ratio was 3.30. The lowest was -29.50. And the median was -9.10.

AZPN's 3-Year Average Buyback Ratio is ranked higher than
93% of the 1151 Companies
in the Global Software - Application industry.

( Industry Median: -2.50 vs. AZPN: 3.30 )

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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