National Investment Trust (XMAU:NIT) Shares Outstanding (Basic Average): 27.52 Mil (As of Mar. 2026)


XMAU:NIT National Investment Trust Ltd XMAU:NIT
54 GF Score
Price MUR8.70
! 4 Warning Signs
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What is National Investment Trust Shares Outstanding (Basic Average)?

National Investment Trust XMAU:NIT 54 Shares Outstanding (Basic Average) is 27.52 Mil as of Mar. 2026. GuruFocus rates XMAU:NIT with a GF Score™ of 54/100. 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. National Investment Trust's average basic shares outstanding for the quarter that ended in Mar. 2026 was 27.52 Mil.

National Investment Trust  (XMAU:NIT) 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.

National Investment Trust Shares Outstanding (Basic Average) Related Terms

National Investment Trust Shares Outstanding (Basic Average) Historical Data

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The historical data trend for National Investment Trust'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.

National Investment Trust Shares Outstanding (Basic Average) Chart

National Investment Trust Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Shares Outstanding (Basic Average)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.41 27.41 27.41 27.41 27.41

National Investment Trust Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 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 30.32 24.18 27.41 27.41 27.52
XMAU:NIT
54GF Score
National Investment Trust Ltd XMAU:NIT
Shares Outstanding (Basic Average) is just one metric. See GF Score™, valuation, warning signs, and more.
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National Investment Trust 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 27.52 Mil mean?
National Investment Trust (XMAU:NIT) has a Shares Outstanding (Basic Average) of 27.52 Mil as of Mar. 2026. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on National Investment Trust and its competitors.
Is National Investment Trust's Shares Outstanding (Basic Average) too high?
National Investment Trust's current Shares Outstanding (Basic Average) is 27.52 Mil. Overall, National Investment Trust has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does National Investment Trust's Shares Outstanding (Basic Average) compare to BLK and BX?
National Investment Trust's Shares Outstanding (Basic Average) of 27.52 Mil can be compared against companies in the Asset 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 an Asset Management company?
A good Shares Outstanding (Basic Average) depends on the Asset 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 National Investment Trust and its competitors. National Investment Trust's current Shares Outstanding (Basic Average) is 27.52 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Investment Trust stock overvalued right now?
National Investment Trust (XMAU:NIT) has a current Shares Outstanding (Basic Average) of 27.52 Mil. The current Shares Outstanding (Basic Average) is 27.52 Mil. National Investment Trust's overall GF Score™ is 54/100 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 National Investment Trust (XMAU:NIT), the current Shares Outstanding (Basic Average) is 27.52 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.

National Investment Trust Business Description

Address Sir William Newton Street, Level 8, Newton Tower, Port Louis, MUS, 11328
National Investment Trust Ltd is a closed-end fund. It invests in shares and securities in both the local and international markets. The investment objective of the NIT Local Equity Fund is to produce both income and capital growth from a diversified portfolio of domestic securities. The company has eight Funds under namely, the NIT Local Equity Fund, NIT Global Opportunities Fund, NIT North America Fund, NIT Europe Fund, NIT Emerging Markets Fund, NIT Global Healthcare Fund, NIT Global Bond Fund and the NIT Global Value.
54GF Score

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

MUR8.70
Price