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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. Artesian Resources's current 3-Year Share Buyback Ratio was -2.70%.
The historical rank and industry rank for Artesian Resources's 3-Year Share Buyback Ratio or its related term are showing as below:
ARTNB'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -20.3 Med: -3.1 Max: -0.5
Current: -2.7
During the past 13 years, Artesian Resources's highest 3-Year Share Buyback Ratio was -0.50%. The lowest was -20.30%. And the median was -3.10%.
ARTNB's 3-Year Share Buyback Ratio is ranked worse than 62.77% of 231
companies
in the Utilities - Regulated industry
Industry Median: -1.5
vs ARTNB: -2.70
Artesian Resources (OTCPK:ARTNB) 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.
Artesian Resources 3-Year Share Buyback Ratio Related Terms
ARTNB vs CDZI, PCYO, CWCO: 3-Year Share Buyback Ratio Comparison
For the Utilities - Regulated Water subindustry, Artesian Resources'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.
Artesian Resources 3-Year Share Buyback Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Artesian Resources's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Artesian Resources's 3-Year Share Buyback Ratio falls into.
Artesian Resources 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 -2.70 mean?
Artesian Resources (ARTNB) has a 3-Year Share Buyback Ratio of -2.70 as of Mar. 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 Artesian Resources and its competitors. According to the industry distribution chart, Artesian Resources ranks #145 out of 231 companies in the Utilities - Regulated industry, placing it in the top 62.8%.
Is Artesian Resources' 3-Year Share Buyback Ratio too high?
Artesian Resources' current 3-Year Share Buyback Ratio is -2.70. Based on the distribution chart, Artesian Resources ranks #145 out of 231 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Artesian Resources has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Artesian Resources' 3-Year Share Buyback Ratio compare to CDZI and PCYO?
According to the Utilities - Regulated industry distribution chart, Artesian Resources ranks #145 out of 231 companies for 3-Year Share Buyback Ratio. This places Artesian Resources 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 3-Year Share Buyback Ratio for an Utilities - Regulated company?
A good 3-Year Share Buyback Ratio depends on the Utilities - Regulated 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 Artesian Resources and its competitors. Artesian Resources's current 3-Year Share Buyback Ratio is -2.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Artesian Resources stock overvalued right now?
Artesian Resources (ARTNB) has a current 3-Year Share Buyback Ratio of -2.70. The stock's GF Value™ is $36.71, compared to a current price of $33.51 — trading 8.7% below its estimated fair value. The current 3-Year Share Buyback Ratio is -2.70. Artesian Resources' overall GF Score™ is 81/100 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 Artesian Resources (ARTNB), the current 3-Year Share Buyback Ratio is -2.70 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 Artesian Resources (ARTNB) Overvalued in 2026?
Based on GuruFocus' analysis, Artesian Resources stock appears to be undervalued.
The current stock price of $33.51 is trading 8.7% below its estimated GF Value™ of $36.71.
Key valuation signals for ARTNB:
3-Year Share Buyback Ratio: -2.70
GF Value™: $36.71 vs. price of $33.51 (8.7% below fair value)
No single metric tells the full story. See the ARTNB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Artesian Resources Corp operates as a holding company based in the United States. Through its subsidiaries, it offers water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The Group distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal, and utility customers. Additionally, it is involved in contract water and wastewater operations; offers wastewater services, and water, sewer, and internal Service Line Protection Plans. The Group operates its businesses mainly through one reportable segment, the Regulated Utility segment.
81GF 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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