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Pep Boys - Manny Moe & Jack (NYSE:PBY)
3-Year Average Buyback Ratio
-0.50 (As of Oct. 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.

PBY' s 3-Year Average Buyback Ratio Range Over the Past 10 Years
Min: -2.4   Max: 5.1
Current: -0.5

-2.4
5.1

During the past 13 years, Pep Boys - Manny Moe & Jack's highest 3-Year Average Share Buyback Ratio was 5.10. The lowest was -2.40. And the median was -0.35.

PBY's 3-Year Average Buyback Ratio is ranked higher than
65% of the 570 Companies
in the Global Auto Parts industry.

( Industry Median: -1.80 vs. PBY: -0.50 )

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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