GCM (ASX:GCM) Shares Outstanding (Diluted Average): 191.93 Mil (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ASX:GCM GCM Corp Ltd ASX:GCM
29 GF Score
Price A$0.12
! 1 Warning Sign
View Full Analysis

What is GCM Shares Outstanding (Diluted Average)?

GCM ASX:GCM -4.00% 29 Shares Outstanding (Diluted Average) is 191.93 Mil as of Dec. 2025. GuruFocus rates ASX:GCM with a GF Score™ of 29/100. The stock has 1 warning sign investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. GCM's average diluted shares outstanding for the quarter that ended in Dec. 2025 was 191.93 Mil.


GCM  (ASX:GCM) Shares Outstanding (Diluted 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.


GCM Shares Outstanding (Diluted Average) Related Terms


GCM Shares Outstanding (Diluted Average) Historical Data

* Premium members only.

The historical data trend for GCM's Shares Outstanding (Diluted 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.

GCM Shares Outstanding (Diluted Average) Chart

GCM Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Shares Outstanding (Diluted Average)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.84 30.32 52.58 74.44 117.93

GCM Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Shares Outstanding (Diluted 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 73.44 75.43 127.17 108.68 191.93
ASX:GCM
29GF Score
GCM Corp Ltd ASX:GCM
Shares Outstanding (Diluted Average) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GCM Shares Outstanding (Diluted 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 (Diluted Average) of 191.93 Mil mean?
GCM (ASX:GCM) has a Shares Outstanding (Diluted Average) of 191.93 Mil as of Dec. 2025. The average shares outstanding over two periods including dilutive securities like preferred shares and convertibles. View historical data on GCM and its competitors.
Is GCM's Shares Outstanding (Diluted Average) too high?
GCM's current Shares Outstanding (Diluted Average) is 191.93 Mil. Overall, GCM has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does GCM's Shares Outstanding (Diluted Average) compare to competitors?
GCM's Shares Outstanding (Diluted Average) of 191.93 Mil can be compared against companies in the Utilities - Independent Power Producers 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 (Diluted Average) for an Utilities - Independent Power Producers company?
A good Shares Outstanding (Diluted Average) depends on the Utilities - Independent Power Producers industry context. However, Shares Outstanding (Diluted 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 (Diluted Average) mean?
A high Shares Outstanding (Diluted Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods including dilutive securities like preferred shares and convertibles. View historical data on GCM and its competitors. GCM's current Shares Outstanding (Diluted Average) is 191.93 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GCM stock overvalued right now?
GCM (ASX:GCM) has a current Shares Outstanding (Diluted Average) of 191.93 Mil. The current Shares Outstanding (Diluted Average) is 191.93 Mil. GCM's overall GF Score™ is 29/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Diluted Average) calculated?
Shares Outstanding (Diluted Average) is calculated from a company's financial statements. For GCM (ASX:GCM), the current Shares Outstanding (Diluted Average) is 191.93 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.

GCM Business Description

Other Exchanges 3K30:Germany
Address 349 Hay Street, Subiaco, Perth, WA, AUS, 6008
GCM Corp Ltd is a manufacturer and producer of high-performing thermal management and cooling products for the technology, electronics, and industrials sectors. Leveraging its proprietary VHD technology, the company provides cost-effective, high-performance solutions for energy-intensive and high-performance applications to various countries. Its projects include McIntosh Graphite Project, Torrington Topaz and Tungsten Project, Greenfields Projects, and Single-Crystal Mullite Fibres.
29GF Score

Get the complete analysis for ASX:GCM

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

A$0.12
Price