What is Firsthand Technology Value Fund 10-Year Share Buyback Ratio?
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. Firsthand Technology Value Fund's current 10-Year Share Buyback Ratio was 1.70%.
SVVC's 10-Year Share Buyback Ratio is ranked better than 86.36% of 836
companies
in the Asset Management industry
Industry Median: -2.05
vs SVVC: 1.70
Competitive Comparison of Firsthand Technology Value Fund's 10-Year Share Buyback Ratio
For the Asset Management subindustry, Firsthand Technology Value Fund'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.
Firsthand Technology Value Fund's 10-Year Share Buyback Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Firsthand Technology Value Fund's 10-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Firsthand Technology Value Fund's 10-Year Share Buyback Ratio falls into.
Firsthand Technology Value Fund 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.
Firsthand Technology Value Fund (OTCPK:SVVC) 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.
Firsthand Technology Value Fund 10-Year Share Buyback Ratio Related Terms
Thank you for viewing the detailed overview of Firsthand Technology Value Fund's 10-Year Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Firsthand Technology Value Fund Business Description
Firsthand Technology Value Fund Inc is an externally managed, non-diversified, closed-end management investment company. The Fund's investment objective is to seek long-term growth of capital, principally by seeking capital gains on its equity and equity-related investments. Its portfolio is predominantly composed of equity and equity derivative securities of illiquid private technology and cleantech companies but it may also invest in micro-cap publicly traded companies with market capitalizations of less than 250 million dollars.
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