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Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Itausa Investimentos ITAU's average diluted shares outstanding for the quarter that ended in Jun. 2026 was 11,209 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.
Itausa Investimentos ITAU Shares Outstanding (Diluted Average) Related Terms
Itausa Investimentos ITAU Shares Outstanding (Diluted Average) Historical Data
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The historical data trend for Itausa Investimentos ITAU'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.
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 11,209 Mil mean?
Itausa Investimentos ITAU (BSP:ITSA4) has a Shares Outstanding (Diluted Average) of 11,209 Mil as of Jun. 2026. The average shares outstanding over two periods including dilutive securities like preferred shares and convertibles. View historical data on Itausa Investimentos ITAU and its competitors.
Is Itausa Investimentos ITAU's Shares Outstanding (Diluted Average) too high?
Itausa Investimentos ITAU's current Shares Outstanding (Diluted Average) is 11,209 Mil. Overall, Itausa Investimentos ITAU has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Itausa Investimentos ITAU's Shares Outstanding (Diluted Average) compare to MMM and HON?
Itausa Investimentos ITAU's Shares Outstanding (Diluted Average) of 11,209 Mil can be compared against companies in the Conglomerates 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 a Conglomerates company?
A good Shares Outstanding (Diluted Average) depends on the Conglomerates 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 Itausa Investimentos ITAU and its competitors. Itausa Investimentos ITAU's current Shares Outstanding (Diluted Average) is 11,209 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Itausa Investimentos ITAU stock overvalued right now?
Based on GuruFocus' analysis, Itausa Investimentos ITAU (BSP:ITSA4) is currently considered Modestly Overvalued. The stock's GF Value™ is R$10.46, compared to a current price of R$12.49 — trading 19.4% above its estimated fair value. The current Shares Outstanding (Diluted Average) is 11,209 Mil. Itausa Investimentos ITAU's overall GF Score™ is 78/100 with 5 warning signs 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 Itausa Investimentos ITAU (BSP:ITSA4), the current Shares Outstanding (Diluted Average) is 11,209 Mil as of Jun. 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.
Is Itausa Investimentos ITAU (BSP:ITSA4) Overvalued in 2026?
Based on GuruFocus' analysis, Itausa Investimentos ITAU stock appears to be overvalued.
The current stock price of R$12.49 is trading 19.4% above its estimated GF Value™ of R$10.46.
GuruFocus considers Itausa Investimentos ITAU to be Modestly Overvalued.
Key valuation signals for BSP:ITSA4:
Shares Outstanding (Diluted Average): 11,209 Mil
GF Value™: R$10.46 vs. price of R$12.49 (19.4% above fair value)
No single metric tells the full story. See the BSP:ITSA4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Itausa Investimentos ITAU SA is a Brazilian investment holding company. The purpose of the company is to hold equity interests in other companies, in Brazil or abroad, for investment in any sectors of the economy, including through investment funds, disseminating among its investees its principles of appreciation of human capital, governance, and ethics in business. Its portfolio consists of brands such as Itau Unibanco, Motiva, Alpargatas, Aegea, Copa Energia, and Nova Transportadora do Sudeste (NTS). The majority of the revenue for the company is generated from Itau Unibanco, which is a banking institution that offers, directly or using its subsidiaries, a broad range of credit products and other financial services to a diversified individual & corporate client base in Brazil and abroad.
78GF Score
Get the complete analysis for BSP:ITSA4
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