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Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Victory Electric Vehicles International's average basic shares outstanding for the quarter that ended in Sep. 2025 was 24.1 Mil.
Victory Electric Vehicles International (NSE:VICTORYEV) 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.
Victory Electric Vehicles International Shares Outstanding (Basic Average) Related Terms
Victory Electric Vehicles International 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.
Victory Electric Vehicles International Shares Outstanding (Basic Average) Chart
Victory Electric Vehicles International Annual Data
Trend
Mar23
Mar24
Mar25
Shares Outstanding (Basic Average)
24.09
24.09
24.09
Victory Electric Vehicles International Semi-Annual Data
Victory Electric Vehicles International 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 24.1 Mil mean?
Victory Electric Vehicles International (NSE:VICTORYEV) has a Shares Outstanding (Basic Average) of 24.1 Mil as of Sep. 2025. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Victory Electric Vehicles International and its competitors.
Is Victory Electric Vehicles International's Shares Outstanding (Basic Average) too high?
Victory Electric Vehicles International's current Shares Outstanding (Basic Average) is 24.1 Mil. Overall, Victory Electric Vehicles International has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Victory Electric Vehicles International's Shares Outstanding (Basic Average) compare to TSLA and GM?
Victory Electric Vehicles International's Shares Outstanding (Basic Average) of 24.1 Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Shares Outstanding (Basic Average) depends on the Vehicles & Parts 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 Victory Electric Vehicles International and its competitors. Victory Electric Vehicles International's current Shares Outstanding (Basic Average) is 24.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Victory Electric Vehicles International stock overvalued right now?
Victory Electric Vehicles International (NSE:VICTORYEV) has a current Shares Outstanding (Basic Average) of 24.1 Mil. The current Shares Outstanding (Basic Average) is 24.1 Mil. Victory Electric Vehicles International's overall GF Score™ is 18/100 with 4 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 Victory Electric Vehicles International (NSE:VICTORYEV), the current Shares Outstanding (Basic Average) is 24.1 Mil as of Sep. 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.
Victory Electric Vehicles International Business Description
Victory Electric Vehicles International Ltd is engaged in the business of manufacturing of battery operated electric rickshaws and electric scooters. The company's key offerings include solar rickshaws, Auto-rickshaws, Motor vehicles, Scooters, Motor-Scooters, three-wheelers, motor cycles, cycles automobiles, and motorcars. Its product segments include Two wheelers, Three wheelers, Passenger Vehicles, and Commercial Vehicles. The company generates the majority of revenue from the sale of Electric Vehicles, mainly from Three-Wheeler vehicle sales.
18GF Score
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