Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Smart (J) (Contractors)'s shares outstanding for the quarter that ended in Jan. 2026 was 38.82 Mil.
Smart (J) (Contractors)'s quarterly shares outstanding
declined
from Jul. 2025 (38.89 Mil) to Jan. 2026 (38.82 Mil).
It means Smart (J) (Contractors)bought back shares from Jul. 2025 to Jan. 2026 .
Smart (J) (Contractors)'s annual shares outstanding
declined
from Jul. 2024 (39.41 Mil) to Jul. 2025 (38.89 Mil).
It means Smart (J) (Contractors)bought back shares from Jul. 2024 to Jul. 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.
Smart (J) (Contractors) Shares Outstanding (EOP) Related Terms
Smart (J) (Contractors) Shares Outstanding (EOP) Historical Data
* Premium members only.
The historical data trend for Smart (J) (Contractors)'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.
LSE:SMJ vs PWR, FIX, EME: Shares Outstanding (EOP) Comparison
For the Engineering & Construction subindustry, Smart (J) (Contractors)'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.
Smart (J) (Contractors) Shares Outstanding (EOP) vs Construction Industry
For the Construction industry and Industrials sector, Smart (J) (Contractors)'s Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Smart (J) (Contractors)'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 38.82 Mil mean?
Smart (J) (Contractors) (LSE:SMJ) has a Shares Outstanding (EOP) of 38.82 Mil as of Jan. 2026. The total shares a company has outstanding, at period-end. View historical data on Smart (J) (Contractors) and its competitors.
Is Smart (J) (Contractors)'s Shares Outstanding (EOP) too high?
Smart (J) (Contractors)'s current Shares Outstanding (EOP) is 38.82 Mil. Overall, Smart (J) (Contractors) has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Smart (J) (Contractors)'s Shares Outstanding (EOP) compare to PWR and FIX?
Smart (J) (Contractors)'s Shares Outstanding (EOP) of 38.82 Mil can be compared against companies in the Construction 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 Construction company?
A good Shares Outstanding (EOP) depends on the Construction 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 Smart (J) (Contractors) and its competitors. Smart (J) (Contractors)'s current Shares Outstanding (EOP) is 38.82 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart (J) (Contractors) stock overvalued right now?
Based on GuruFocus' analysis, Smart (J) (Contractors) (LSE:SMJ) is currently considered Significantly Undervalued. The stock's GF Value™ is £2.18, compared to a current price of £1.13 — trading 48.4% below its estimated fair value. The current Shares Outstanding (EOP) is 38.82 Mil. Smart (J) (Contractors)'s overall GF Score™ is 62/100 with 1 warning sign 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 Smart (J) (Contractors) (LSE:SMJ), the current Shares Outstanding (EOP) is 38.82 Mil as of Jan. 2026. 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 Smart (J) (Contractors) (LSE:SMJ) Overvalued in 2026?
Based on GuruFocus' analysis, Smart (J) (Contractors) stock appears to be undervalued.
The current stock price of £1.13 is trading 48.4% below its estimated GF Value™ of £2.18.
GuruFocus considers Smart (J) (Contractors) to be Significantly Undervalued.
Key valuation signals for LSE:SMJ:
Shares Outstanding (EOP): 38.82 Mil
GF Value™: £2.18 vs. price of £1.13 (48.4% below fair value)
No single metric tells the full story. See the LSE:SMJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smart (J) & Co (Contractors) PLC is a construction company. Its activities include building and civil engineering contracting, a residential development for sale, and the development of industrial and commercial property for lease and sale. The main construction activity undertaken by the company is that of social housing for several housing associations and registered social landlords predominately in the Edinburgh area. It has a portfolio of self-financed industrial and commercial properties that are owned and managed by its subsidiary company. The investment properties are located throughout the central belt of Scotland and in the Edinburgh area.
62GF Score
Get the complete analysis for LSE:SMJ
Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LSE:SMJ has been successfully added to your 
