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International Game Technology PLC (NYSE:IGT)
3-Year Average Buyback Ratio
-0.30 (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.

IGT' s 3-Year Average Buyback Ratio Range Over the Past 10 Years
Min: -65.4   Max: 0
Current: -0.3

-65.4
0

During the past 13 years, International Game Technology PLC's highest 3-Year Average Share Buyback Ratio was 0.00. The lowest was -65.40. And the median was -3.90.

IGT's 3-Year Average Buyback Ratio is ranked higher than
64% of the 459 Companies
in the Global Gambling industry.

( Industry Median: -1.60 vs. IGT: -0.30 )

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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