CAF (Morgan Stanley China A Share Fund) Shares Outstanding (Basic Average): 17.15 Mil (As of Dec. 2025)


CAF Morgan Stanley China A Share Fund Inc CAF
24 GF Score
Price $20.21
! 4 Warning Signs
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What is Morgan Stanley China A Share Fund Shares Outstanding (Basic Average)?

Morgan Stanley China A Share Fund CAF +0.60% 24 Shares Outstanding (Basic Average) is 17.15 Mil as of Dec. 2025. GuruFocus rates CAF with a GF Score™ of 24/100. The stock has 4 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Morgan Stanley China A Share Fund's average basic shares outstanding for the quarter that ended in Dec. 2025 was 17.15 Mil.

Morgan Stanley China A Share Fund  (NYSE:CAF) Shares Outstanding (Basic Average) 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.

Be Aware

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.

Morgan Stanley China A Share Fund Shares Outstanding (Basic Average) Related Terms

Morgan Stanley China A Share Fund Shares Outstanding (Basic Average) Historical Data

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The historical data trend for Morgan Stanley China A Share Fund's Shares Outstanding (Basic Average) 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.

Morgan Stanley China A Share Fund Shares Outstanding (Basic Average) Chart

Morgan Stanley China A Share Fund Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shares Outstanding (Basic Average)
Get a 7-Day Free Trial Premium Member Only 21.84 21.87 21.78 15.92 16.93

Morgan Stanley China A Share Fund Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Shares Outstanding (Basic Average) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.72 21.95 17.18 16.71 17.15
CAF
24GF Score
Morgan Stanley China A Share Fund Inc CAF
Shares Outstanding (Basic Average) is just one metric. See GF Score™, valuation, warning signs, and more.
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Morgan Stanley China A Share Fund Shares Outstanding (Basic Average) 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 exact time point. 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 (Basic Average) of 17.15 Mil mean?
Morgan Stanley China A Share Fund (CAF) has a Shares Outstanding (Basic Average) of 17.15 Mil as of Dec. 2025. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Morgan Stanley China A Share Fund and its competitors.
Is Morgan Stanley China A Share Fund's Shares Outstanding (Basic Average) too high?
Morgan Stanley China A Share Fund's current Shares Outstanding (Basic Average) is 17.15 Mil. Overall, Morgan Stanley China A Share Fund has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Morgan Stanley China A Share Fund's Shares Outstanding (Basic Average) compare to PSBD and CION?
Morgan Stanley China A Share Fund's Shares Outstanding (Basic Average) of 17.15 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 (Basic Average) for an Asset Management company?
A good Shares Outstanding (Basic Average) depends on the Asset Management industry context. However, Shares Outstanding (Basic Average) 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 (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Morgan Stanley China A Share Fund and its competitors. Morgan Stanley China A Share Fund's current Shares Outstanding (Basic Average) is 17.15 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morgan Stanley China A Share Fund stock overvalued right now?
Morgan Stanley China A Share Fund (CAF) has a current Shares Outstanding (Basic Average) of 17.15 Mil. The current Shares Outstanding (Basic Average) is 17.15 Mil. Morgan Stanley China A Share Fund's overall GF Score™ is 24/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For Morgan Stanley China A Share Fund (CAF), the current Shares Outstanding (Basic Average) is 17.15 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.

Morgan Stanley China A Share Fund Business Description

Address 1585 Broadway, New York, NY, USA, 10036
Morgan Stanley China A Share Fund Inc is the United States based non-diversified, closed-end management investment company. Its investment objective is to seek capital growth by investing a majority of its assets in A-shares of Chinese companies listed on the Shanghai and Shenzhen Stock Exchanges. Its portfolio of investments consists of investment in different sectors such as the aerospace and defense, banks, automobiles, household durables, media, pharmaceuticals, software and other sectors.
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Shares Outstanding (Basic Average) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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