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Symantec Corp (NAS:SYMC)
3-Year Average Buyback Ratio
2.20 (As of Sep. 2016)

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.

SYMC' s 3-Year Average Buyback Ratio Range Over the Past 10 Years
Min: -20.5   Max: 7.6
Current: 2.2

-20.5
7.6

During the past 13 years, Symantec Corp's highest 3-Year Average Share Buyback Ratio was 7.60. The lowest was -20.50. And the median was -1.00.

SYMC's 3-Year Average Buyback Ratio is ranked higher than
92% of the 1152 Companies
in the Global Software - Application industry.

( Industry Median: -2.50 vs. SYMC: 2.20 )

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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