Green Thumb Industries (FRA:R9U2) Shares Outstanding (Basic Average): 231 Mil (As of Mar. 2026)


FRA:R9U2 Green Thumb Industries Inc FRA:R9U2
85 GF Score
Price €6.26
GF Value €6.69
Valuation Fairly Valued
! 6 Warning Signs
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What is Green Thumb Industries Shares Outstanding (Basic Average)?

Green Thumb Industries FRA:R9U2 +0.48% 85 Shares Outstanding (Basic Average) is 231 Mil as of Mar. 2026. GuruFocus rates FRA:R9U2 with a GF Score™ of 85/100 and a GF Value™ of €6.69 (Fairly Valued). The stock has 6 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Green Thumb Industries's average basic shares outstanding for the quarter that ended in Mar. 2026 was 231 Mil.


Green Thumb Industries  (FRA:R9U2) 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.


Green Thumb Industries Shares Outstanding (Basic Average) Related Terms


Green Thumb Industries Shares Outstanding (Basic Average) Historical Data

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The historical data trend for Green Thumb Industries'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.

Green Thumb Industries Shares Outstanding (Basic Average) Chart

Green Thumb Industries Annual Data
Trend Feb16 Feb17 Feb18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shares Outstanding (Basic Average)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 223.19 236.71 237.93 236.83 233.87

Green Thumb Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 Premium Member Only Premium Member Only Premium Member Only 236.12 235.84 231.65 231.89 230.60
FRA:R9U2
85GF Score
Green Thumb Industries Inc FRA:R9U2
Shares Outstanding (Basic Average) is just one metric. See GF Score™, valuation, warning signs, and more.
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Green Thumb Industries 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 231 Mil mean?
Green Thumb Industries (FRA:R9U2) has a Shares Outstanding (Basic Average) of 231 Mil as of Mar. 2026. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Green Thumb Industries and its competitors.
Is Green Thumb Industries' Shares Outstanding (Basic Average) too high?
Green Thumb Industries' current Shares Outstanding (Basic Average) is 231 Mil. Overall, Green Thumb Industries has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Green Thumb Industries' Shares Outstanding (Basic Average) compare to ZTS?
Green Thumb Industries' Shares Outstanding (Basic Average) of 231 Mil can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good Shares Outstanding (Basic Average) depends on the Drug Manufacturers 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 Green Thumb Industries and its competitors. Green Thumb Industries's current Shares Outstanding (Basic Average) is 231 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Green Thumb Industries stock overvalued right now?
Based on GuruFocus' analysis, Green Thumb Industries (FRA:R9U2) is currently considered Fairly Valued. The stock's GF Value™ is €6.69, compared to a current price of €6.26 — trading 6.4% below its estimated fair value. The current Shares Outstanding (Basic Average) is 231 Mil. Green Thumb Industries' overall GF Score™ is 85/100 with 6 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 Green Thumb Industries (FRA:R9U2), the current Shares Outstanding (Basic Average) is 231 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 Green Thumb Industries (FRA:R9U2) Overvalued in 2026?

Based on GuruFocus' analysis, Green Thumb Industries stock appears to be undervalued. The current stock price of €6.26 is trading 6.4% below its estimated GF Value™ of €6.69. GuruFocus considers Green Thumb Industries to be Fairly Valued.

Key valuation signals for FRA:R9U2:

  • Shares Outstanding (Basic Average): 231 Mil
  • GF Value™: €6.69 vs. price of €6.26 (6.4% below fair value)
  • GF Score™: 85/100 with 6 warning signs

No single metric tells the full story. See the FRA:R9U2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Green Thumb Industries Business Description

Other Exchanges GTBIF:USAGTII:Canada
Address 325 West Huron Street, Suite 700, Chicago, IL, USA, 60654
Green Thumb Industries is headquartered in Chicago, Illinois, and produces and sells medicinal and recreational cannabis through wholesale and retail channels in the United States. It has a presence in 14 states and operates more than 100 cannabis stores under the brand Rise. GTI is focusing its expansion on limited-license states with large populations, and it does not currently export into the global medical market due to the USA federal prohibition. It offers multiple products under a portfolio of cannabis consumer packaged goods brands, including &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, Incredibles, and RYTHM.
85GF Score

Get the complete analysis for FRA:R9U2

Shares Outstanding (Basic Average) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€6.26
Price
€6.69
GF Value