Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Elisa Oyj's average basic shares outstanding for the quarter that ended in Mar. 2026 was 161 Mil.
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.
Elisa Oyj Shares Outstanding (Basic Average) Related Terms
Elisa Oyj Shares Outstanding (Basic Average) Historical Data
* Premium members only.
The historical data trend for Elisa Oyj'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.
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 161 Mil mean?
Elisa Oyj (ELMUF) has a Shares Outstanding (Basic Average) of 161 Mil as of Mar. 2026. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Elisa Oyj and its competitors.
Is Elisa Oyj's Shares Outstanding (Basic Average) too high?
Elisa Oyj's current Shares Outstanding (Basic Average) is 161 Mil. Overall, Elisa Oyj has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Elisa Oyj's Shares Outstanding (Basic Average) compare to TMUS and VZ?
Elisa Oyj's Shares Outstanding (Basic Average) of 161 Mil can be compared against companies in the Telecommunication Services 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 a Telecommunication Services company?
A good Shares Outstanding (Basic Average) depends on the Telecommunication Services 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 Elisa Oyj and its competitors. Elisa Oyj's current Shares Outstanding (Basic Average) is 161 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elisa Oyj stock overvalued right now?
Based on GuruFocus' analysis, Elisa Oyj (ELMUF) is currently considered Fairly Valued. The stock's GF Value™ is $46.45, compared to a current price of $48.44 — trading 4.3% above its estimated fair value. The current Shares Outstanding (Basic Average) is 161 Mil. Elisa Oyj's overall GF Score™ is 84/100 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 (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For Elisa Oyj (ELMUF), the current Shares Outstanding (Basic Average) is 161 Mil as of Mar. 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 Elisa Oyj (ELMUF) Overvalued in 2026?
Based on GuruFocus' analysis, Elisa Oyj stock appears to be overvalued.
The current stock price of $48.44 is trading 4.3% above its estimated GF Value™ of $46.45.
GuruFocus considers Elisa Oyj to be Fairly Valued.
Key valuation signals for ELMUF:
Shares Outstanding (Basic Average): 161 Mil
GF Value™: $46.45 vs. price of $48.44 (4.3% above fair value)
No single metric tells the full story. See the ELMUF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elisa Oyj is a telecommunications company that operates in two segments, Consumer Customers and Corporate Customers. The Consumer Customers segment provides consumers with telecommunications and communications services, such as fixed and mobile subscriptions with supplementary digital services, cable TV subscriptions, and Elisa Viihde entertainment service. The Corporate Customers segment provides corporate and public administration organizations with services such as IT and communication solutions for the digital environment and fixed and mobile subscriptions. The majority of revenue is generated from the Consumer Customers segment. The company generates the majority of its revenue in Finland.
84GF Score
Get the complete analysis for ELMUF
Shares Outstanding (Basic Average) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ELMUF has been successfully added to your 
