Maat Pharma (FRA:4RD) Shares Outstanding (EOP): 18.82 Mil (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:4RD Maat Pharma SA FRA:4RD
27 GF Score
Price €2.71
GF Value €10.64
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Maat Pharma Shares Outstanding (EOP)?

Maat Pharma FRA:4RD +2.07% 27 Shares Outstanding (EOP) is 18.82 Mil as of Dec. 2025. GuruFocus rates FRA:4RD with a GF Score™ of 27/100 and a GF Value™ of €10.64 (Possible Value Trap). The stock has 3 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Maat Pharma's shares outstanding for the quarter that ended in Dec. 2025 was 18.82 Mil.

Maat Pharma's quarterly shares outstanding increased from Jun. 2025 (16.14 Mil) to Dec. 2025 (18.82 Mil). It means Maat Pharma issued new shares from Jun. 2025 to Dec. 2025 .

Maat Pharma's annual shares outstanding increased from Dec. 2024 (13.95 Mil) to Dec. 2025 (18.82 Mil). It means Maat Pharma issued new shares from Dec. 2024 to Dec. 2025 .


Maat Pharma  (FRA:4RD) Shares Outstanding (EOP) Explanation

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.


Maat Pharma Shares Outstanding (EOP) Related Terms


Maat Pharma Shares Outstanding (EOP) Historical Data

* Premium members only.

The historical data trend for Maat Pharma'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.

Maat Pharma Shares Outstanding (EOP) Chart

Maat Pharma Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shares Outstanding (EOP)
Get a 7-Day Free Trial 9.88 9.94 11.61 13.95 18.82

Maat Pharma Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Shares Outstanding (EOP) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.61 13.89 13.95 16.14 18.82

FRA:4RD vs VRTX, REGN, ALNY: Shares Outstanding (EOP) Comparison

For the Biotechnology subindustry, Maat Pharma'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.


Maat Pharma Shares Outstanding (EOP) vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Maat Pharma's Shares Outstanding (EOP) distribution charts can be found below:

* The bar in red indicates where Maat Pharma's Shares Outstanding (EOP) falls into.


FRA:4RD
27GF Score
Maat Pharma SA FRA:4RD
Shares Outstanding (EOP) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maat Pharma Shares Outstanding (EOP) Calculation

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.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that end of period. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (EOP) of 18.82 Mil mean?
Maat Pharma (FRA:4RD) has a Shares Outstanding (EOP) of 18.82 Mil as of Dec. 2025. The total shares a company has outstanding, at period-end. View historical data on Maat Pharma and its competitors.
Is Maat Pharma's Shares Outstanding (EOP) too high?
Maat Pharma's current Shares Outstanding (EOP) is 18.82 Mil. Overall, Maat Pharma has a GF Score™ of 27/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Maat Pharma's Shares Outstanding (EOP) compare to VRTX and REGN?
Maat Pharma's Shares Outstanding (EOP) of 18.82 Mil can be compared against companies in the Biotechnology 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 a Biotechnology company?
A good Shares Outstanding (EOP) depends on the Biotechnology 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 Maat Pharma and its competitors. Maat Pharma's current Shares Outstanding (EOP) is 18.82 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maat Pharma stock overvalued right now?
Based on GuruFocus' analysis, Maat Pharma (FRA:4RD) is currently considered Possible Value Trap. The stock's GF Value™ is €10.64, compared to a current price of €2.71 — trading 74.5% below its estimated fair value. The current Shares Outstanding (EOP) is 18.82 Mil. Maat Pharma's overall GF Score™ is 27/100 with 3 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 Maat Pharma (FRA:4RD), the current Shares Outstanding (EOP) is 18.82 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 Maat Pharma (FRA:4RD) Overvalued in 2026?

Based on GuruFocus' analysis, Maat Pharma stock appears to be undervalued. The current stock price of €2.71 is trading 74.5% below its estimated GF Value™ of €10.64. GuruFocus considers Maat Pharma to be Possible Value Trap.

Key valuation signals for FRA:4RD:

  • Shares Outstanding (EOP): 18.82 Mil
  • GF Value™: €10.64 vs. price of €2.71 (74.5% below fair value)
  • GF Score™: 27/100 with 3 warning signs

No single metric tells the full story. See the FRA:4RD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Maat Pharma Business Description

Other Exchanges MAAT:France
Address 70 Avenue Tony Garnier, Lyon, FRA, 69007
Maat Pharma SA is a french clinical stage biotech and a pioneer in the development of microbiome based ecosystem therapies dedicated to improving survival outcomes for patients with cancer.
27GF Score

Get the complete analysis for FRA:4RD

Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€2.71
Price
€10.64
GF Value