Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Eaton Vance Risk-Managed Diversified Equityome Fund's average basic shares outstanding for the quarter that ended in Dec. 2025 was 67.93 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.
Eaton Vance Risk-Managed Diversified Equityome Fund Shares Outstanding (Basic Average) Related Terms
Eaton Vance Risk-Managed Diversified Equityome Fund Shares Outstanding (Basic Average) Historical Data
* 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 67.93 Mil mean?
Eaton Vance Risk-Managed Diversified Equityome Fund (ETJ) has a Shares Outstanding (Basic Average) of 67.93 Mil as of Dec. 2025. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Eaton Vance Risk-Managed Diversified Equityome Fund and its competitors.
Is Eaton Vance Risk-Managed Diversified Equityome Fund's Shares Outstanding (Basic Average) too high?
Eaton Vance Risk-Managed Diversified Equityome Fund's current Shares Outstanding (Basic Average) is 67.93 Mil. Overall, Eaton Vance Risk-Managed Diversified Equityome Fund has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Eaton Vance Risk-Managed Diversified Equityome Fund's Shares Outstanding (Basic Average) compare to AVK and TWN?
Eaton Vance Risk-Managed Diversified Equityome Fund's Shares Outstanding (Basic Average) of 67.93 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 Eaton Vance Risk-Managed Diversified Equityome Fund and its competitors. Eaton Vance Risk-Managed Diversified Equityome Fund's current Shares Outstanding (Basic Average) is 67.93 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eaton Vance Risk-Managed Diversified Equityome Fund stock overvalued right now?
Based on GuruFocus' analysis, Eaton Vance Risk-Managed Diversified Equityome Fund (ETJ) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.26, compared to a current price of $8.15 — trading 54.9% above its estimated fair value. The current Shares Outstanding (Basic Average) is 67.93 Mil. Eaton Vance Risk-Managed Diversified Equityome Fund's overall GF Score™ is 39/100 with 5 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 Eaton Vance Risk-Managed Diversified Equityome Fund (ETJ), the current Shares Outstanding (Basic Average) is 67.93 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 Eaton Vance Risk-Managed Diversified Equityome Fund (ETJ) Overvalued in 2026?
Based on GuruFocus' analysis, Eaton Vance Risk-Managed Diversified Equityome Fund stock appears to be overvalued.
The current stock price of $8.15 is trading 54.9% above its estimated GF Value™ of $5.26.
GuruFocus considers Eaton Vance Risk-Managed Diversified Equityome Fund to be Significantly Overvalued.
Key valuation signals for ETJ:
Shares Outstanding (Basic Average): 67.93 Mil
GF Value™: $5.26 vs. price of $8.15 (54.9% above fair value)
No single metric tells the full story. See the ETJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eaton Vance Risk-Managed Diversified Equityome Fund Business Description
Eaton Vance Risk-Managed Diversified Equity Income Fund is a diversified, closed-end management investment company. The fund's primary investment objective is to provide current income and gains, with a secondary objective of capital appreciation. The group invests in various sectors such as financials, healthcare, consumer discretionary, consumer staples, industrials, energy, utilities, telecommunication services, and materials. Under normal market conditions, the Fund's investment program consists of majorly owning a diversified portfolio of common stocks and employing a variety of options strategies.
39GF Score
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