Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. African And Overseas Enterprises's average basic shares outstanding for the quarter that ended in Dec. 2025 was 11.8 Mil.
African And Overseas Enterprises (JSE:AON) 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.
African And Overseas Enterprises Shares Outstanding (Basic Average) Related Terms
African And Overseas Enterprises 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.
African And Overseas Enterprises Shares Outstanding (Basic Average) Chart
African And Overseas Enterprises 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 11.8 Mil mean?
African And Overseas Enterprises (JSE:AON) has a Shares Outstanding (Basic Average) of 11.8 Mil as of Dec. 2025. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on African And Overseas Enterprises and its competitors.
Is African And Overseas Enterprises' Shares Outstanding (Basic Average) too high?
African And Overseas Enterprises' current Shares Outstanding (Basic Average) is 11.8 Mil. Overall, African And Overseas Enterprises has a GF Score™ of 46/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does African And Overseas Enterprises' Shares Outstanding (Basic Average) compare to TJX and ROST?
African And Overseas Enterprises' Shares Outstanding (Basic Average) of 11.8 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Shares Outstanding (Basic Average) depends on the Retail - Cyclical 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 African And Overseas Enterprises and its competitors. African And Overseas Enterprises's current Shares Outstanding (Basic Average) is 11.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is African And Overseas Enterprises stock overvalued right now?
Based on GuruFocus' analysis, African And Overseas Enterprises (JSE:AON) is currently considered Modestly Overvalued. The stock's GF Value™ is R12.26, compared to a current price of R13.81 — trading 12.6% above its estimated fair value. The current Shares Outstanding (Basic Average) is 11.8 Mil. African And Overseas Enterprises' overall GF Score™ is 46/100 with 8 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 African And Overseas Enterprises (JSE:AON), the current Shares Outstanding (Basic Average) is 11.8 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 African And Overseas Enterprises (JSE:AON) Overvalued in 2026?
Based on GuruFocus' analysis, African And Overseas Enterprises stock appears to be overvalued.
The current stock price of R13.81 is trading 12.6% above its estimated GF Value™ of R12.26.
GuruFocus considers African And Overseas Enterprises to be Modestly Overvalued.
Key valuation signals for JSE:AON:
Shares Outstanding (Basic Average): 11.8 Mil
GF Value™: R12.26 vs. price of R13.81 (12.6% above fair value)
No single metric tells the full story. See the JSE:AON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
African And Overseas Enterprises Business Description
African And Overseas Enterprises Ltd is an investment holding company. The company operates in six segments: Retail division comprises the retailing of fashion apparel through Queenspark stores in South Africa. Property division comprises of the group's property portfolio based in Cape Town which includes both investment and owner-occupied properties.; Water infrastructure segment comprises an indirect investment made in a private water and wastewater utility group operating in the South African provinces, Media and broadcasting comprises the provision of media and satellite equipment and services through Telemedia, and the Group Services division manages the corporate responsibility and includes corporate costs and Technology segment. The Retail Segment derives maximum revenue.
46GF Score
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