Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. National Bank of Canada's shares outstanding for the quarter that ended in Apr. 2026 was 386 Mil.
National Bank of Canada's quarterly shares outstanding
declined
from Jan. 2026 (388 Mil) to Apr. 2026 (386 Mil).
It means National Bank of Canadabought back shares from Jan. 2026 to Apr. 2026 .
National Bank of Canada's annual shares outstanding
increased
from Oct. 2024 (341 Mil) to Oct. 2025 (391 Mil).
It means National Bank of Canadaissued new shares from Oct. 2024 to Oct. 2025 .
National Bank of Canada (OTCPK:NTIOF) 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.
National Bank of Canada Shares Outstanding (EOP) Related Terms
National Bank of Canada Shares Outstanding (EOP) Historical Data
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The historical data trend for National Bank of Canada'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.
National Bank of Canada Shares Outstanding (EOP) Chart
NTIOF vs JPM, BAC, WFC: Shares Outstanding (EOP) Comparison
For the Banks - Diversified subindustry, National Bank of Canada'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.
National Bank of Canada Shares Outstanding (EOP) vs Banks Industry
For the Banks industry and Financial Services sector, National Bank of Canada's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where National Bank of Canada's Shares Outstanding (EOP) falls into.
National Bank of Canada 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.
What does a Shares Outstanding (EOP) of 386 Mil mean?
National Bank of Canada (NTIOF) has a Shares Outstanding (EOP) of 386 Mil as of Apr. 2026. The total shares a company has outstanding, at period-end. View historical data on National Bank of Canada and its competitors.
Is National Bank of Canada's Shares Outstanding (EOP) too high?
National Bank of Canada's current Shares Outstanding (EOP) is 386 Mil. Overall, National Bank of Canada has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Bank of Canada's Shares Outstanding (EOP) compare to JPM and BAC?
National Bank of Canada's Shares Outstanding (EOP) of 386 Mil can be compared against companies in the Banks 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 Banks company?
A good Shares Outstanding (EOP) depends on the Banks 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 National Bank of Canada and its competitors. National Bank of Canada's current Shares Outstanding (EOP) is 386 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Bank of Canada stock overvalued right now?
Based on GuruFocus' analysis, National Bank of Canada (NTIOF) is currently considered Significantly Overvalued. The stock's GF Value™ is $109.25, compared to a current price of $156.22 — trading 43% above its estimated fair value. The current Shares Outstanding (EOP) is 386 Mil. National Bank of Canada's overall GF Score™ is 77/100 with 7 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 National Bank of Canada (NTIOF), the current Shares Outstanding (EOP) is 386 Mil as of Apr. 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 National Bank of Canada (NTIOF) Overvalued in 2026?
Based on GuruFocus' analysis, National Bank of Canada stock appears to be overvalued.
The current stock price of $156.22 is trading 43% above its estimated GF Value™ of $109.25.
GuruFocus considers National Bank of Canada to be Significantly Overvalued.
Key valuation signals for NTIOF:
Shares Outstanding (EOP): 386 Mil
GF Value™: $109.25 vs. price of $156.22 (43% above fair value)
No single metric tells the full story. See the NTIOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Bank of Canada is the sixth-largest bank in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth management and capital markets services. The bank derives around 45% of its 2025 revenue from the province of Quebec, with additional operations in the rest of Canada and the United States. National Bank of Canada also owns ABA Bank, one of the largest commercial banks in Cambodia.
77GF Score
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Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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