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.
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.
Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
10-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past ten years. It is calculated as the annualized percentage change in shares outstanding from ten years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Semiconductor Manufacturing International's current 10-Year Share Buyback Ratio was -8.00%.
SHSE:688981's 10-Year Share Buyback Ratio is ranked worse than 83.74% of 621
companies
in the Semiconductors industry
Industry Median: -2.4
vs SHSE:688981: -8.00
Semiconductor Manufacturing International (SHSE:688981) 10-Year Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
Semiconductor Manufacturing International 10-Year Share Buyback Ratio Related Terms
SHSE:688981 vs NVDA, AVGO, MU: 10-Year Share Buyback Ratio Comparison
For the Semiconductors subindustry, Semiconductor Manufacturing International's 10-Year Share Buyback Ratio, along with its competitors' market caps and 10-Year Share Buyback Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Semiconductor Manufacturing International 10-Year Share Buyback Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Semiconductor Manufacturing International's 10-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Semiconductor Manufacturing International's 10-Year Share Buyback Ratio falls into.
Semiconductor Manufacturing International 10-Year Share Buyback Ratio Calculation
This is the annualized percentage change in shares outstanding from ten years ago to the current year. The annualized percentage change is calculated with least-square regression based on the eleven years of annual data on Shares Outstanding (EOP).
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 10-Year Share Buyback Ratio of -8.00 mean?
Semiconductor Manufacturing International (SHSE:688981) has a 10-Year Share Buyback Ratio of -8.00 as of Mar. 2026. The 10-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past ten years. It is calculated as the annualized percentage change in shares outstanding from ten years ago to the current year. View historical data for Semiconductor Manufacturing International and its competitors. According to the industry distribution chart, Semiconductor Manufacturing International ranks #520 out of 621 companies in the Semiconductors industry, placing it in the top 83.7%.
Is Semiconductor Manufacturing International's 10-Year Share Buyback Ratio too high?
Semiconductor Manufacturing International's current 10-Year Share Buyback Ratio is -8.00. Based on the distribution chart, Semiconductor Manufacturing International ranks #520 out of 621 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Semiconductor Manufacturing International has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Semiconductor Manufacturing International's 10-Year Share Buyback Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Semiconductor Manufacturing International ranks #520 out of 621 companies for 10-Year Share Buyback Ratio. This places Semiconductor Manufacturing International in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 10-Year Share Buyback Ratio for a Semiconductors company?
A good 10-Year Share Buyback Ratio depends on the Semiconductors industry context. However, 10-Year Share Buyback Ratio 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 10-Year Share Buyback Ratio mean?
A high 10-Year Share Buyback Ratio can signal that a stock is expensive relative to its fundamentals. The 10-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past ten years. It is calculated as the annualized percentage change in shares outstanding from ten years ago to the current year. View historical data for Semiconductor Manufacturing International and its competitors. Semiconductor Manufacturing International's current 10-Year Share Buyback Ratio is -8.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Semiconductor Manufacturing International stock overvalued right now?
Based on GuruFocus' analysis, Semiconductor Manufacturing International (SHSE:688981) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥69.98, compared to a current price of ¥128.50 — trading 83.6% above its estimated fair value. The current 10-Year Share Buyback Ratio is -8.00. Semiconductor Manufacturing International's overall GF Score™ is 78/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 10-Year Share Buyback Ratio calculated?
10-Year Share Buyback Ratio is calculated from a company's financial statements. For Semiconductor Manufacturing International (SHSE:688981), the current 10-Year Share Buyback Ratio is -8.00 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 Semiconductor Manufacturing International (SHSE:688981) Overvalued in 2026?
Based on GuruFocus' analysis, Semiconductor Manufacturing International stock appears to be overvalued.
The current stock price of ¥128.50 is trading 83.6% above its estimated GF Value™ of ¥69.98.
GuruFocus considers Semiconductor Manufacturing International to be Significantly Overvalued.
Key valuation signals for SHSE:688981:
10-Year Share Buyback Ratio: -8.00
GF Value™: ¥69.98 vs. price of ¥128.50 (83.6% above fair value)
No single metric tells the full story. See the SHSE:688981 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 2000, Semiconductor Manufacturing International Corporation is the largest foundry in China and the third-largest globally after TSMC and Samsung Electronics, overtaking GlobalFoundries and United Microelectronics in 2024. The company's headquarters and foundry are in Shanghai, with additional foundries in Beijing, Tianjin, and Shenzhen, and offices in the United States, Europe, Japan, Taiwan, and Hong Kong. Its products are used in artificial intelligence, data centers, automotive, consumer electronics, memory, and "Internet of Things" products. SMIC employs 19,952 people as of Dec. 31, 2025.
78GF Score
Get the complete analysis for SHSE:688981
10-Year Share Buyback Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:688981 has been successfully added to your 
