Maruichi Co (NGO:8228) Shares Outstanding (Basic Average): 20 Mil (As of Mar. 2026)


NGO:8228 Maruichi Co Ltd NGO:8228
65 GF Score
Price 円1,123.00
GF Value 円1,478.57
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Maruichi Co Shares Outstanding (Basic Average)?

Maruichi Co NGO:8228 -0.27% 65 Shares Outstanding (Basic Average) is 20 Mil as of Mar. 2026. GuruFocus rates NGO:8228 with a GF Score™ of 65/100 and a GF Value™ of 円1,478.57 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Maruichi Co's average basic shares outstanding for the quarter that ended in Mar. 2026 was 20 Mil.

Maruichi Co  (NGO:8228) 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.

Maruichi Co Shares Outstanding (Basic Average) Related Terms

Maruichi Co Shares Outstanding (Basic Average) Historical Data

* Premium members only.

The historical data trend for Maruichi Co'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.

Maruichi Co Shares Outstanding (Basic Average) Chart

Maruichi Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Shares Outstanding (Basic Average)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.08 22.10 22.12 20.99 19.82

Maruichi Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 22.12 22.14 19.84 19.84 19.80
NGO:8228
65GF Score
Maruichi Co Ltd NGO:8228
Shares Outstanding (Basic Average) is just one metric. See GF Score™, valuation, warning signs, and more.
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Maruichi Co 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 20 Mil mean?
Maruichi Co (NGO:8228) has a Shares Outstanding (Basic Average) of 20 Mil as of Mar. 2026. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Maruichi Co and its competitors.
Is Maruichi Co's Shares Outstanding (Basic Average) too high?
Maruichi Co's current Shares Outstanding (Basic Average) is 20 Mil. Overall, Maruichi Co has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Maruichi Co's Shares Outstanding (Basic Average) compare to SYY and USFD?
Maruichi Co's Shares Outstanding (Basic Average) of 20 Mil can be compared against companies in the Retail - Defensive 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 - Defensive company?
A good Shares Outstanding (Basic Average) depends on the Retail - Defensive 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 Maruichi Co and its competitors. Maruichi Co's current Shares Outstanding (Basic Average) is 20 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maruichi Co stock overvalued right now?
Based on GuruFocus' analysis, Maruichi Co (NGO:8228) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,478.57, compared to a current price of 円1,123.00 — trading 24% below its estimated fair value. The current Shares Outstanding (Basic Average) is 20 Mil. Maruichi Co's overall GF Score™ is 65/100 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 Maruichi Co (NGO:8228), the current Shares Outstanding (Basic Average) is 20 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 Maruichi Co (NGO:8228) Overvalued in 2026?

Based on GuruFocus' analysis, Maruichi Co stock appears to be undervalued. The current stock price of 円1,123.00 is trading 24% below its estimated GF Value™ of 円1,478.57. GuruFocus considers Maruichi Co to be Modestly Undervalued.

Key valuation signals for NGO:8228:

  • Shares Outstanding (Basic Average): 20 Mil
  • GF Value™: 円1,478.57 vs. price of 円1,123.00 (24% below fair value)
  • GF Score™: 65/100 with 3 warning signs

No single metric tells the full story. See the NGO:8228 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Maruichi Co Business Description

Address 3-38 Nagano City Market, Nagano, JPN, 381-2281
Maruichi Co Ltd is engaged in the wholesale business of fishery products, dairy foods, and frozen foods, general dry foods, processed foods, livestock products, and processed livestock products, retail store support business, among others. The company has four reportable segments: "Fishery Business", "General Food Business", and "Livestock Business", which are segments by product and service based on business divisions, and "Marusui Nagano Kensui Group", which is a segment by operating company. The company generates the majority of its revenue from Fishery Business segment, which is engaged in seafood, processed seafood products, daily necessities, and frozen foods, and manufactures processed seafood products.
65GF Score

Get the complete analysis for NGO:8228

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

円1,123.00
Price
円1,478.57
GF Value