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Sothebys (NYSE:BID)
3-Year Average Buyback Ratio
-0.40 (As of Sep. 2015)

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 3-Year Average Buyback Ratio Range Over the Past 10 Years
Min: -3.7   Max: 0.4
Current: -0.4

-3.7
0.4

During the past 13 years, Sothebys's highest 3-Year Average Share Buyback Ratio was 0.40. The lowest was -3.70. And the median was -1.35.

BID's 3-Year Average Buyback Ratio is ranked higher than
54% of the 517 Companies
in the Global Specialty Retail industry.

( Industry Median: -0.50 vs. BID: -0.40 )

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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