Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Icelandair Group hf's average basic shares outstanding for the quarter that ended in Mar. 2026 was 41,297 Mil.
Icelandair Group hf (LTS:0ERU) 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.
Icelandair Group hf Shares Outstanding (Basic Average) Related Terms
Icelandair Group hf Shares Outstanding (Basic Average) Historical Data
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The historical data trend for Icelandair Group hf'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.
Icelandair Group hf Shares Outstanding (Basic Average) Chart
Icelandair Group hf 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 41,297 Mil mean?
Icelandair Group hf (LTS:0ERU) has a Shares Outstanding (Basic Average) of 41,297 Mil as of Mar. 2026. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Icelandair Group hf and its competitors.
Is Icelandair Group hf's Shares Outstanding (Basic Average) too high?
Icelandair Group hf's current Shares Outstanding (Basic Average) is 41,297 Mil. Overall, Icelandair Group hf has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Icelandair Group hf's Shares Outstanding (Basic Average) compare to DAL and UAL?
Icelandair Group hf's Shares Outstanding (Basic Average) of 41,297 Mil can be compared against companies in the Transportation 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 Transportation company?
A good Shares Outstanding (Basic Average) depends on the Transportation 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 Icelandair Group hf and its competitors. Icelandair Group hf's current Shares Outstanding (Basic Average) is 41,297 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icelandair Group hf stock overvalued right now?
Icelandair Group hf (LTS:0ERU) has a current Shares Outstanding (Basic Average) of 41,297 Mil. The stock's GF Value™ is kr9.76, compared to a current price of kr5.87 — trading 39.9% below its estimated fair value. The current Shares Outstanding (Basic Average) is 41,297 Mil. Icelandair Group hf's overall GF Score™ is 58/100 with 2 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 Icelandair Group hf (LTS:0ERU), the current Shares Outstanding (Basic Average) is 41,297 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 Icelandair Group hf (LTS:0ERU) Overvalued in 2026?
Based on GuruFocus' analysis, Icelandair Group hf stock appears to be undervalued.
The current stock price of kr5.87 is trading 39.9% below its estimated GF Value™ of kr9.76.
Key valuation signals for LTS:0ERU:
Shares Outstanding (Basic Average): 41,297 Mil
GF Value™: kr9.76 vs. price of kr5.87 (39.9% below fair value)
No single metric tells the full story. See the LTS:0ERU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Icelandair Group hf operates in the international airline sector. Its segment is the Route network, which generates maximum revenue and provides passenger air travel to, from, via, and within Iceland. The Cargo operation offers air-freight services to, from, via, and within Iceland by utilizing capacity within the aircraft of the Icelandair passenger network as well as its own freighter and The Leasing operation, provided by Loftleioir-Icelandic ehf., offers aircraft leasing and consulting services to international passenger airlines and tour operators. The Group operates in North America, which generates maximum revenue, as well as Europe, Iceland, and other regions.
58GF Score
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