Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Cleanaway Waste Management's average basic shares outstanding for the quarter that ended in Dec. 2025 was 2,236 Mil.
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.
Cleanaway Waste Management Shares Outstanding (Basic Average) Related Terms
Cleanaway Waste Management Shares Outstanding (Basic Average) Historical Data
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The historical data trend for Cleanaway Waste Management'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.
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 2,236 Mil mean?
Cleanaway Waste Management (TSPCF) has a Shares Outstanding (Basic Average) of 2,236 Mil as of Dec. 2025. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Cleanaway Waste Management and its competitors.
Is Cleanaway Waste Management's Shares Outstanding (Basic Average) too high?
Cleanaway Waste Management's current Shares Outstanding (Basic Average) is 2,236 Mil. Overall, Cleanaway Waste Management has a GF Score™ of 85/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Cleanaway Waste Management's Shares Outstanding (Basic Average) compare to WM and RSG?
Cleanaway Waste Management's Shares Outstanding (Basic Average) of 2,236 Mil can be compared against companies in the Waste Management 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 Waste Management company?
A good Shares Outstanding (Basic Average) depends on the Waste Management 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 Cleanaway Waste Management and its competitors. Cleanaway Waste Management's current Shares Outstanding (Basic Average) is 2,236 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cleanaway Waste Management stock overvalued right now?
Based on GuruFocus' analysis, Cleanaway Waste Management (TSPCF) is currently considered Possible Value Trap. The stock's GF Value™ is $2.27, compared to a current price of $1.58 — trading 30.4% below its estimated fair value. The current Shares Outstanding (Basic Average) is 2,236 Mil. Cleanaway Waste Management's overall GF Score™ is 85/100 with 6 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 Cleanaway Waste Management (TSPCF), the current Shares Outstanding (Basic Average) is 2,236 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 Cleanaway Waste Management (TSPCF) Overvalued in 2026?
Based on GuruFocus' analysis, Cleanaway Waste Management stock appears to be undervalued.
The current stock price of $1.58 is trading 30.4% below its estimated GF Value™ of $2.27.
GuruFocus considers Cleanaway Waste Management to be Possible Value Trap.
Key valuation signals for TSPCF:
Shares Outstanding (Basic Average): 2,236 Mil
GF Value™: $2.27 vs. price of $1.58 (30.4% below fair value)
No single metric tells the full story. See the TSPCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cleanaway Waste Management is Australia's largest waste management business with a national footprint in the collection and disposal of waste. It is active in municipal and commercial and industrial waste stream segments and in nonhazardous and hazardous liquid and medical waste. While Cleanaway is allocating greater capital to waste processing and treatment, earnings remain skewed toward waste collection. The company is particularly strong in commercial, industrial, and municipal waste collection with strong market share in all large Australian metro waste collection markets.
85GF Score
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