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The Scotts Miracle Gro Co (NYSE:SMG)
3-Year Average Buyback Ratio
-0.10 (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.

SMG' s 3-Year Average Buyback Ratio Range Over the Past 10 Years
Min: -17.2   Max: 2.5
Current: -0.1

-17.2
2.5

During the past 13 years, The Scotts Miracle Gro Co's highest 3-Year Average Share Buyback Ratio was 2.50. The lowest was -17.20. And the median was -0.90.

SMG's 3-Year Average Buyback Ratio is ranked higher than
73% of the 117 Companies
in the Global Agricultural Inputs industry.

( Industry Median: -0.80 vs. SMG: -0.10 )

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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