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Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. China Tourism Group Duty Free's average diluted shares outstanding for the quarter that ended in Mar. 2026 was 2,069 Mil.
China Tourism Group Duty Free (OTCPK:CTGDF) 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.
China Tourism Group Duty Free Shares Outstanding (Diluted Average) Related Terms
China Tourism Group Duty Free Shares Outstanding (Diluted Average) Historical Data
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The historical data trend for China Tourism Group Duty Free'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.
China Tourism Group Duty Free Shares Outstanding (Diluted Average) Chart
China Tourism Group Duty Free 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 2,069 Mil mean?
China Tourism Group Duty Free (CTGDF) has a Shares Outstanding (Diluted Average) of 2,069 Mil as of Mar. 2026. The average shares outstanding over two periods including dilutive securities like preferred shares and convertibles. View historical data on China Tourism Group Duty Free and its competitors.
Is China Tourism Group Duty Free's Shares Outstanding (Diluted Average) too high?
China Tourism Group Duty Free's current Shares Outstanding (Diluted Average) is 2,069 Mil. Overall, China Tourism Group Duty Free has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does China Tourism Group Duty Free's Shares Outstanding (Diluted Average) compare to CASY and WSM?
China Tourism Group Duty Free's Shares Outstanding (Diluted Average) of 2,069 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Shares Outstanding (Diluted Average) depends on the Retail - Cyclical 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 China Tourism Group Duty Free and its competitors. China Tourism Group Duty Free's current Shares Outstanding (Diluted Average) is 2,069 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Tourism Group Duty Free stock overvalued right now?
China Tourism Group Duty Free (CTGDF) has a current Shares Outstanding (Diluted Average) of 2,069 Mil. The stock's GF Value™ is $7.91, compared to a current price of $6.25 — trading 21% below its estimated fair value. The current Shares Outstanding (Diluted Average) is 2,069 Mil. China Tourism Group Duty Free's overall GF Score™ is 81/100 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 (Diluted Average) calculated?
Shares Outstanding (Diluted Average) is calculated from a company's financial statements. For China Tourism Group Duty Free (CTGDF), the current Shares Outstanding (Diluted Average) is 2,069 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.
Is China Tourism Group Duty Free (CTGDF) Overvalued in 2026?
Based on GuruFocus' analysis, China Tourism Group Duty Free stock appears to be undervalued.
The current stock price of $6.25 is trading 21% below its estimated GF Value™ of $7.91.
Key valuation signals for CTGDF:
Shares Outstanding (Diluted Average): 2,069 Mil
GF Value™: $7.91 vs. price of $6.25 (21% below fair value)
No single metric tells the full story. See the CTGDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Established in 1984, China Tourism Group Duty Free is China's largest and the world's second-largest travel retailer in 2025 with revenue of CNY 54 billion. The company primarily operates duty-free stores at airports, border crossings, offshore, downtown, and on flights, cruises and ships, with about 200 stores spanning over 33 provinces in China, as well as overseas. The company also operates a duty-paid business. Its 2025 revenue mix was 73% duty-free sales and 27% duty-paid sales and others. CTG Duty Free is 50% owned by China Tourism Group, a state-owned enterprise that falls directly under the State-owned Assets Supervision and Administration Commission of the State Council.
81GF Score
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Shares Outstanding (Diluted Average) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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