Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Herald Investment Trust's shares outstanding for the quarter that ended in Dec. 2025 was 47.9 Mil.
Herald Investment Trust's quarterly shares outstanding
declined
from Jun. 2025 (50.0 Mil) to Dec. 2025 (47.9 Mil).
It means Herald Investment Trustbought back shares from Jun. 2025 to Dec. 2025 .
Herald Investment Trust's annual shares outstanding
declined
from Dec. 2024 (50.3 Mil) to Dec. 2025 (47.9 Mil).
It means Herald Investment Trustbought back shares from Dec. 2024 to Dec. 2025 .
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Herald Investment Trust Shares Outstanding (EOP) Related Terms
Herald Investment Trust Shares Outstanding (EOP) Historical Data
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The historical data trend for Herald Investment Trust's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
CHIX:HRIL vs BLK, BX, KKR: Shares Outstanding (EOP) Comparison
For the Asset Management subindustry, Herald Investment Trust's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Herald Investment Trust Shares Outstanding (EOP) vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Herald Investment Trust's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Herald Investment Trust's Shares Outstanding (EOP) falls into.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 47.9 Mil mean?
Herald Investment Trust (CHIX:HRIL) has a Shares Outstanding (EOP) of 47.9 Mil as of Dec. 2025. The total shares a company has outstanding, at period-end. View historical data on Herald Investment Trust and its competitors.
Is Herald Investment Trust's Shares Outstanding (EOP) too high?
Herald Investment Trust's current Shares Outstanding (EOP) is 47.9 Mil. Overall, Herald Investment Trust has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does Herald Investment Trust's Shares Outstanding (EOP) compare to BLK and BX?
Herald Investment Trust's Shares Outstanding (EOP) of 47.9 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for an Asset Management company?
A good Shares Outstanding (EOP) depends on the Asset Management industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Herald Investment Trust and its competitors. Herald Investment Trust's current Shares Outstanding (EOP) is 47.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Herald Investment Trust stock overvalued right now?
Herald Investment Trust (CHIX:HRIL) has a current Shares Outstanding (EOP) of 47.9 Mil. The stock's GF Value™ is £38.03, compared to a current price of £21.60 — trading 43.2% below its estimated fair value. The current Shares Outstanding (EOP) is 47.9 Mil. Herald Investment Trust's overall GF Score™ is 54/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Herald Investment Trust (CHIX:HRIL), the current Shares Outstanding (EOP) is 47.9 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Herald Investment Trust (CHIX:HRIL) Overvalued in 2026?
Based on GuruFocus' analysis, Herald Investment Trust stock appears to be undervalued.
The current stock price of £21.60 is trading 43.2% below its estimated GF Value™ of £38.03.
Key valuation signals for CHIX:HRIL:
Shares Outstanding (EOP): 47.9 Mil
GF Value™: £38.03 vs. price of £21.60 (43.2% below fair value)
No single metric tells the full story. See the CHIX:HRIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Herald Investment Trust PLC is a UK-based investment trust that aims to capital appreciation through investments in smaller quoted companies in the areas of telecommunications, multimedia, and technology on a long-term basis. It focuses on a diversified portfolio that offers long-term growth potential and benchmarks its performance against the technology sector. The trust's investment portfolio includes companies that are in the business of software and computer services, technology hardware and equipment, printing and publishing, industrial sectors, support services, and others. Geographically, investments of the company are spread across the UK, North America, Japan, Asia-Pacific, Europe, the Middle East and Africa. The trust's revenue mainly consists of dividends and interest.
54GF Score
Get the complete analysis for CHIX:HRIL
Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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