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Nine Entertainment Co. HoldingsASX:NEC -1.98%68 3-Year Share Buyback Ratio is 2.40 as of Dec. 2025, which is 100% above its 10-year median of 1.20. GuruFocus rates ASX:NEC with a GF Score™ of 68/100 and a GF Value™ of A$1.45 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 630 Media - Diversified companies, Nine Entertainment Co. Holdings ranks better than 91.43% on this metric.
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. Nine Entertainment Co. Holdings's current 3-Year Share Buyback Ratio was 2.40%.
The historical rank and industry rank for Nine Entertainment Co. Holdings's 3-Year Share Buyback Ratio or its related term are showing as below:
ASX:NEC'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -25.1 Med: 1.2 Max: 2.5
Current: 2.4
During the past 12 years, Nine Entertainment Co. Holdings's highest 3-Year Share Buyback Ratio was 2.50%. The lowest was -25.10%. And the median was 1.20%.
ASX:NEC's 3-Year Share Buyback Ratio is ranked better than 91.43% of 630
companies
in the Media - Diversified industry
Industry Median: -1
vs ASX:NEC: 2.40
Nine Entertainment Co. Holdings (ASX:NEC) 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.
Nine Entertainment Co. Holdings 3-Year Share Buyback Ratio Related Terms
ASX:NEC vs NFLX, DIS, WBD: 3-Year Share Buyback Ratio Comparison
For the Entertainment subindustry, Nine Entertainment Co. Holdings'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.
Nine Entertainment Co. Holdings 3-Year Share Buyback Ratio vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Nine Entertainment Co. Holdings's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Nine Entertainment Co. Holdings's 3-Year Share Buyback Ratio falls into.
Nine Entertainment Co. Holdings 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 2.40 mean?
Nine Entertainment Co. Holdings (ASX:NEC) has a 3-Year Share Buyback Ratio of 2.40 as of Dec. 2025. 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 Nine Entertainment Co. Holdings and its competitors. This is 100% above median its historical median of 1.20. According to the industry distribution chart, Nine Entertainment Co. Holdings ranks #54 out of 630 companies in the Media - Diversified industry, placing it in the top 8.6%.
Is Nine Entertainment Co. Holdings' 3-Year Share Buyback Ratio too high?
Nine Entertainment Co. Holdings' current 3-Year Share Buyback Ratio of 2.40 is 100% above median its 10-year median of 1.20. Based on the distribution chart, Nine Entertainment Co. Holdings ranks #54 out of 630 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Nine Entertainment Co. Holdings has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Nine Entertainment Co. Holdings' 3-Year Share Buyback Ratio compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Nine Entertainment Co. Holdings ranks #54 out of 630 companies for 3-Year Share Buyback Ratio. This places Nine Entertainment Co. Holdings in the top 9% of its industry — outperforming the majority of peers. 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 Media - Diversified company?
A good 3-Year Share Buyback Ratio depends on the Media - Diversified 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 Nine Entertainment Co. Holdings and its competitors. Nine Entertainment Co. Holdings's current 3-Year Share Buyback Ratio is 2.40, which is 100% above median its own 10-year median of 1.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nine Entertainment Co. Holdings stock overvalued right now?
Based on GuruFocus' analysis, Nine Entertainment Co. Holdings (ASX:NEC) is currently considered Possible Value Trap. The stock's GF Value™ is A$1.45, compared to a current price of A$0.99 — trading 31.7% below its estimated fair value. The current 3-Year Share Buyback Ratio is 2.40, which is 100% above median its 10-year median of 1.20. Nine Entertainment Co. Holdings' overall GF Score™ is 68/100 with 6 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 Nine Entertainment Co. Holdings (ASX:NEC), the current 3-Year Share Buyback Ratio is 2.40 as of Dec. 2025. 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 Nine Entertainment Co. Holdings (ASX:NEC) Overvalued in 2026?
Based on GuruFocus' analysis, Nine Entertainment Co. Holdings stock appears to be undervalued.
The current stock price of A$0.99 is trading 31.7% below its estimated GF Value™ of A$1.45.
GuruFocus considers Nine Entertainment Co. Holdings to be Possible Value Trap.
Key valuation signals for ASX:NEC:
3-Year Share Buyback Ratio: 2.40 (100% above median its 10-year median of 1.20)
GF Value™: A$1.45 vs. price of A$0.99 (31.7% below fair value)
No single metric tells the full story. See the ASX:NEC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nine Entertainment is the largest media conglomerate in Australia. It operates Nine Network, a free-to-air TV network across five capital cities, as well as in a number of regional areas. It owns 9Now, a leading broadcast video on demand, or BVOD, business. Its publishing unit is the second-largest newspaper group in Australia with key mastheads such as Australian Financial Review, Sydney Morning Herald, and The Age. Nine also operates a leading domestic-owned subscription video on demand, or SVOD, business in Australia called Stan, and a talk-based radio network. In March 2026, Nine completed the purchase of outdoor advertising entity QMS Media for AUD 850 million.
68GF Score
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