Top High Image (ROCO:3284) Shares Outstanding (Basic Average): 108.5 Mil (As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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ROCO:3284 Top High Image Corp ROCO:3284
59 GF Score
Price NT$25.80
GF Value NT$19.54
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Top High Image Shares Outstanding (Basic Average)?

Top High Image ROCO:3284 +1.38% 59 Shares Outstanding (Basic Average) is 108.5 Mil as of Dec. 2025. GuruFocus rates ROCO:3284 with a GF Score™ of 59/100 and a GF Value™ of NT$19.54 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Top High Image's average basic shares outstanding for the quarter that ended in Dec. 2025 was 108.5 Mil.

Top High Image  (ROCO:3284) 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.

Top High Image Shares Outstanding (Basic Average) Related Terms

Top High Image Shares Outstanding (Basic Average) Historical Data

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The historical data trend for Top High Image'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.

Top High Image Shares Outstanding (Basic Average) Chart

Top High Image 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 72.37 90.67 100.53 103.48 105.12

Top High Image Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 136.74 104.55 104.06 104.71 108.53
ROCO:3284
59GF Score
Top High Image Corp ROCO:3284
Shares Outstanding (Basic Average) is just one metric. See GF Score™, valuation, warning signs, and more.
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Top High Image 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 108.5 Mil mean?
Top High Image (ROCO:3284) has a Shares Outstanding (Basic Average) of 108.5 Mil as of Dec. 2025. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Top High Image and its competitors.
Is Top High Image's Shares Outstanding (Basic Average) too high?
Top High Image's current Shares Outstanding (Basic Average) is 108.5 Mil. Overall, Top High Image has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Top High Image's Shares Outstanding (Basic Average) compare to GEV and ETN?
Top High Image's Shares Outstanding (Basic Average) of 108.5 Mil can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Shares Outstanding (Basic Average) depends on the Industrial Products 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 Top High Image and its competitors. Top High Image's current Shares Outstanding (Basic Average) is 108.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top High Image stock overvalued right now?
Based on GuruFocus' analysis, Top High Image (ROCO:3284) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$19.54, compared to a current price of NT$25.80 — trading 32% above its estimated fair value. The current Shares Outstanding (Basic Average) is 108.5 Mil. Top High Image's overall GF Score™ is 59/100 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 Top High Image (ROCO:3284), the current Shares Outstanding (Basic Average) is 108.5 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 Top High Image (ROCO:3284) Overvalued in 2026?

Based on GuruFocus' analysis, Top High Image stock appears to be overvalued. The current stock price of NT$25.80 is trading 32% above its estimated GF Value™ of NT$19.54. GuruFocus considers Top High Image to be Significantly Overvalued.

Key valuation signals for ROCO:3284:

  • Shares Outstanding (Basic Average): 108.5 Mil
  • GF Value™: NT$19.54 vs. price of NT$25.80 (32% above fair value)
  • GF Score™: 59/100 with 8 warning signs

No single metric tells the full story. See the ROCO:3284 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Top High Image Business Description

Address No. 20, Juguang 2nd Street, Dafa industrial park, Daliao District, Kaohsiung, TWN, 831
Top High Image Corp. is a company based in Kaohsiung, Taiwan, specializing in manufacturing and selling offset printing plates and printing consumables. It offers a wide range of printing plates, including process-free, thermal CTP, positive thermal CTP, and conventional plates used in various printing applications like brochures, newspapers, packaging, and labels. Besides printing plates, it also deals in trading and services, food manufacturing and wholesale, advertising, and real estate agency and leasing services. The main source of income for the company was through the sales of pre-sensitized plates and the land through a joint construction and sub-sales project as well as a real estate agency.
59GF Score

Get the complete analysis for ROCO:3284

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

NT$25.80
Price
NT$19.54
GF Value