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Penn National Gaming Inc (NAS:PENN)
3-Year Average Buyback Ratio
4.30 (As of Dec. 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.

PENN' s 3-Year Average Buyback Ratio Range Over the Past 10 Years
Min: -9.9   Max: 25.6
Current: 4.3

-9.9
25.6

During the past 13 years, Penn National Gaming Inc's highest 3-Year Average Share Buyback Ratio was 25.60. The lowest was -9.90. And the median was -1.90.

PENN's 3-Year Average Buyback Ratio is ranked higher than
95% of the 459 Companies
in the Global Resorts & Casinos industry.

( Industry Median: -1.60 vs. PENN: 4.30 )

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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