Coal Energy (WAR:CLE) Shares Outstanding (Basic Average): 45.52 Mil (As of Dec. 2025)

Coal Energy WAR:CLE +0.30% 42 Shares Outstanding (Basic Average) is 45.52 Mil as of Dec. 2025. GuruFocus rates WAR:CLE with a GF Score™ of 42/100 and a GF Value™ of zł2.49 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Coal Energy's average basic shares outstanding for the quarter that ended in Dec. 2025 was 45.52 Mil.

Coal Energy (WAR:CLE) 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.

Coal Energy Shares Outstanding (Basic Average) Related Terms

Coal Energy Shares Outstanding (Basic Average) Historical Data

* Premium members only.

The historical data trend for Coal Energy'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.

Coal Energy Shares Outstanding (Basic Average) Chart

Coal Energy Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Jun25

Shares Outstanding (Basic Average)

Get a 7-Day Free Trial

45.01

Coal Energy 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															45.01	45.01	45.01	45.01	45.52

42GF Score

Coal Energy SA WAR:CLE

Shares Outstanding (Basic Average) is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Coal Energy 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.

Frequently Asked Questions Learn more about Shares Outstanding (Basic Average) →

What does a Shares Outstanding (Basic Average) of 45.52 Mil mean?

Coal Energy (WAR:CLE) has a Shares Outstanding (Basic Average) of 45.52 Mil as of Dec. 2025. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Coal Energy and its competitors.

Is Coal Energy's Shares Outstanding (Basic Average) too high?

Coal Energy's current Shares Outstanding (Basic Average) is 45.52 Mil. Overall, Coal Energy has a GF Score™ of 42/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Coal Energy's Shares Outstanding (Basic Average) compare to CNR?

Coal Energy's Shares Outstanding (Basic Average) of 45.52 Mil can be compared against companies in the Other Energy Sources 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 Other Energy Sources company?

A good Shares Outstanding (Basic Average) depends on the Other Energy Sources 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 Coal Energy and its competitors. Coal Energy's current Shares Outstanding (Basic Average) is 45.52 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Coal Energy stock overvalued right now?

Based on GuruFocus' analysis, Coal Energy (WAR:CLE) is currently considered Modestly Undervalued. The stock's GF Value™ is zł2.49, compared to a current price of zł2.03 — trading 18.5% below its estimated fair value. The current Shares Outstanding (Basic Average) is 45.52 Mil. Coal Energy's overall GF Score™ is 42/100 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 Coal Energy (WAR:CLE), the current Shares Outstanding (Basic Average) is 45.52 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 Coal Energy (WAR:CLE) Overvalued in 2026?

Based on GuruFocus' analysis, Coal Energy stock appears to be undervalued. The current stock price of zł2.03 is trading 18.5% below its estimated GF Value™ of zł2.49. GuruFocus considers Coal Energy to be Modestly Undervalued.

Key valuation signals for WAR:CLE:

Shares Outstanding (Basic Average): 45.52 Mil
GF Value™: zł2.49 vs. price of zł2.03 (18.5% below fair value)
GF Score™: 42/100 with 4 warning signs

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