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Torchmark Corp (NYSE:TMK)
3-Year Average Buyback Ratio
4.70 (As of Mar. 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.

TMK' s 3-Year Average Buyback Ratio Range Over the Past 10 Years
Min: 2.7   Max: 9
Current: 4.7

2.7
9

During the past 13 years, Torchmark Corp's highest 3-Year Average Share Buyback Ratio was 9.00. The lowest was 2.70. And the median was 4.70.

TMK's 3-Year Average Buyback Ratio is ranked higher than
94% of the 66 Companies
in the Global Insurance - Life industry.

( Industry Median: -0.50 vs. TMK: 4.70 )

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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