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Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three 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. Array Technologies's current 3-Year Share Buyback Ratio was -0.50%.
The historical rank and industry rank for Array Technologies's 3-Year Share Buyback Ratio or its related term are showing as below:
ARRY'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -6 Med: -4 Max: -0.5
Current: -0.5
During the past 8 years, Array Technologies's highest 3-Year Share Buyback Ratio was -0.50%. The lowest was -6.00%. And the median was -4.00%.
ARRY's 3-Year Share Buyback Ratio is ranked better than 63.44% of 744
companies
in the Semiconductors industry
Industry Median: -1.4
vs ARRY: -0.50
Array Technologies (NAS:ARRY) 3-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.
Array Technologies 3-Year Share Buyback Ratio Related Terms
ARRY vs JKS, CSIQ, TOYO: 3-Year Share Buyback Ratio Comparison
For the Solar subindustry, Array Technologies's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-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.
Array Technologies 3-Year Share Buyback Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Array Technologies's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Array Technologies's 3-Year Share Buyback Ratio falls into.
Array Technologies 3-Year Share Buyback Ratio Calculation
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four 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 3-Year Share Buyback Ratio of -0.50 mean?
Array Technologies (ARRY) has a 3-Year Share Buyback Ratio of -0.50 as of Jun. 2026. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Array Technologies and its competitors. According to the industry distribution chart, Array Technologies ranks #272 out of 744 companies in the Semiconductors industry, placing it in the top 36.6%.
Is Array Technologies' 3-Year Share Buyback Ratio too high?
Array Technologies' current 3-Year Share Buyback Ratio is -0.50. Based on the distribution chart, Array Technologies ranks #272 out of 744 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Array Technologies has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Array Technologies' 3-Year Share Buyback Ratio compare to JKS and CSIQ?
According to the Semiconductors industry distribution chart, Array Technologies ranks #272 out of 744 companies for 3-Year Share Buyback Ratio. This puts Array Technologies in the upper 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 3-Year Share Buyback Ratio for a Semiconductors company?
A good 3-Year Share Buyback Ratio depends on the Semiconductors industry context. However, 3-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 3-Year Share Buyback Ratio mean?
A high 3-Year Share Buyback Ratio can signal that a stock is expensive relative to its fundamentals. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Array Technologies and its competitors. Array Technologies's current 3-Year Share Buyback Ratio is -0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Array Technologies stock overvalued right now?
Based on GuruFocus' analysis, Array Technologies (ARRY) is currently considered Possible Value Trap. The stock's GF Value™ is $8.74, compared to a current price of $5.32 — trading 39.1% below its estimated fair value. The current 3-Year Share Buyback Ratio is -0.50. Array Technologies' overall GF Score™ is 70/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Share Buyback Ratio calculated?
3-Year Share Buyback Ratio is calculated from a company's financial statements. For Array Technologies (ARRY), the current 3-Year Share Buyback Ratio is -0.50 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 Array Technologies (ARRY) Overvalued in 2026?
Based on GuruFocus' analysis, Array Technologies stock appears to be undervalued.
The current stock price of $5.32 is trading 39.1% below its estimated GF Value™ of $8.74.
GuruFocus considers Array Technologies to be Possible Value Trap.
Key valuation signals for ARRY:
3-Year Share Buyback Ratio: -0.50
GF Value™: $8.74 vs. price of $5.32 (39.1% below fair value)
No single metric tells the full story. See the ARRY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Array Technologies Inc manufacturer of ground-mounting systems used in solar energy projects. The company's segments include: the Array legacy operating segment (Array Legacy Operations) and the STI Operations operating segment (STI Operations). It derives maximum revenue from the Array legacy operating segment. Its product is an integrated system of steel supports, electric motors, gearboxes, and electronic controllers referred to as a single-axis tracker that moves solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Geographically, the company's operations are in the United States, Australia, Spain, Brazil, and the rest of the world, with the United States deriving the majority of the revenue.
70GF Score
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3-Year Share Buyback Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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