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Cyberonics Inc (NAS:CYBX)
3-Year Average Buyback Ratio
1.80 (As of Jun. 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.

CYBX' s 3-Year Average Buyback Ratio Range Over the Past 10 Years
Min: -22.4   Max: 1.8
Current: 1.8

-22.4
1.8

During the past 13 years, Cyberonics Inc's highest 3-Year Average Share Buyback Ratio was 1.80. The lowest was -22.40. And the median was -4.40.

CYBX's 3-Year Average Buyback Ratio is ranked higher than
93% of the 211 Companies
in the Global Medical Devices industry.

( Industry Median: -3.40 vs. CYBX: 1.80 )

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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