Switch to:
Sothebys (NYSE:BID)
3-Year Buyback Ratio
-0.90 (As of Jun. 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.

BID' s 10-Year Buyback Ratio Range
Min: 0.4   Max: -3.7
Current: -0.9

During the past 13 years, Sothebys's highest 3-Year Average Share Buyback Ratio was -3.70. The lowest was 0.40. And the median was -1.20.

BID's Buyback Ratiois ranked higher than
69% of the 797 Companies
in the Global Specialty Retail industry.

( Industry Median: -0.40 vs. BID: -0.90 )

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

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK