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Genomic Health, Inc. (NAS:GHDX)
3-Year Buyback Ratio
-1.00 (As of Dec. 2013)

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.

GHDX' s 10-Year Buyback Ratio Range
Min: -1   Max: -171.4
Current: -1

During the past 13 years, Genomic Health, Inc.'s highest 3-Year Average Share Buyback Ratio was -171.40. The lowest was -1.00. And the median was -23.50.

GHDX's Buyback Ratiois ranked higher than
81% of the 137 Companies
in the Global Diagnostics & Research industry.

( Industry Median: -3.60 vs. GHDX: -1.00 )

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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