Evolution AB (OSTO:EVO) Shares Outstanding (Basic Average): 199 Mil (As of Mar. 2026)


OSTO:EVO Evolution AB OSTO:EVO
99 GF Score
Price kr690.20
GF Value kr1,069.34
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Evolution AB Shares Outstanding (Basic Average)?

Evolution AB OSTO:EVO -1.26% 99 Shares Outstanding (Basic Average) is 199 Mil as of Mar. 2026. GuruFocus rates OSTO:EVO with a GF Score™ of 99/100 and a GF Value™ of kr1,069.34 (Significantly Undervalued). The stock has 2 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Evolution AB's average basic shares outstanding for the quarter that ended in Mar. 2026 was 199 Mil.


Evolution AB  (OSTO:EVO) 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.


Evolution AB Shares Outstanding (Basic Average) Related Terms


Evolution AB Shares Outstanding (Basic Average) Historical Data

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The historical data trend for Evolution AB'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.

Evolution AB Shares Outstanding (Basic Average) Chart

Evolution AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shares Outstanding (Basic Average)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 213.72 213.27 213.57 209.56 202.79

Evolution AB 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 205.61 203.94 201.81 199.79 199.23
OSTO:EVO
99GF Score
Evolution AB OSTO:EVO
Shares Outstanding (Basic Average) is just one metric. See GF Score™, valuation, warning signs, and more.
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Evolution AB 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 199 Mil mean?
Evolution AB (OSTO:EVO) has a Shares Outstanding (Basic Average) of 199 Mil as of Mar. 2026. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Evolution AB and its competitors.
Is Evolution AB's Shares Outstanding (Basic Average) too high?
Evolution AB's current Shares Outstanding (Basic Average) is 199 Mil. Overall, Evolution AB has a GF Score™ of 99/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Evolution AB's Shares Outstanding (Basic Average) compare to FLUT and DKNG?
Evolution AB's Shares Outstanding (Basic Average) of 199 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Shares Outstanding (Basic Average) depends on the Travel & Leisure 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 Evolution AB and its competitors. Evolution AB's current Shares Outstanding (Basic Average) is 199 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evolution AB stock overvalued right now?
Based on GuruFocus' analysis, Evolution AB (OSTO:EVO) is currently considered Significantly Undervalued. The stock's GF Value™ is kr1,069.34, compared to a current price of kr690.20 — trading 35.5% below its estimated fair value. The current Shares Outstanding (Basic Average) is 199 Mil. Evolution AB's overall GF Score™ is 99/100 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 Evolution AB (OSTO:EVO), the current Shares Outstanding (Basic Average) is 199 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 Evolution AB (OSTO:EVO) Overvalued in 2026?

Based on GuruFocus' analysis, Evolution AB stock appears to be undervalued. The current stock price of kr690.20 is trading 35.5% below its estimated GF Value™ of kr1,069.34. GuruFocus considers Evolution AB to be Significantly Undervalued.

Key valuation signals for OSTO:EVO:

  • Shares Outstanding (Basic Average): 199 Mil
  • GF Value™: kr1,069.34 vs. price of kr690.20 (35.5% below fair value)
  • GF Score™: 99/100 with 2 warning signs

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


Evolution AB Business Description

Address Hamngatan 11, Stockholm, SWE, 111 47
Evolution AB develops, produces, markets, and licenses fully integrated live casino and slots solutions to gaming operators. In live casino, a game presenter (dealer) runs the game from a casino table, which is followed in real time via a video stream, while players place bets on devices such as computers, smartphones, and tablets. Its games include Live Casino, Slots, Game Shows, First Person, Live Blackjack, Live Roulette, Live Baccarat, Super Sic Bo & Dragon Tiger, Live Poker, and Land-Based games. The Company innovates, develops, and produces online casino content on a B2B basis and generates maximum revenue from Europe, followed by North America and other regions.
99GF Score

Get the complete analysis for OSTO:EVO

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

kr690.20
Price
kr1,069.34
GF Value