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Tesco Corp (NAS:TESO)
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.

TESO' s 3-Year Average Buyback Ratio Range Over the Past 10 Years
Min: -13.7   Max: 0.9
Current: 0.1

-13.7
0.9

During the past 13 years, Tesco Corp's highest 3-Year Average Share Buyback Ratio was 0.90. The lowest was -13.70. And the median was -1.30.

TESO's 3-Year Average Buyback Ratio is ranked higher than
77% of the 188 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: -2.30 vs. TESO: 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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