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.
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. Nickel Industries's current 3-Year Share Buyback Ratio was -17.40%.
The historical rank and industry rank for Nickel Industries's 3-Year Share Buyback Ratio or its related term are showing as below:
ASX:NIC'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -44 Med: -19.4 Max: -17.4
Current: -17.4
During the past 8 years, Nickel Industries's highest 3-Year Share Buyback Ratio was -17.40%. The lowest was -44.00%. And the median was -19.40%.
ASX:NIC's 3-Year Share Buyback Ratio is ranked better than 50.76% of 2169
companies
in the Metals & Mining industry
Industry Median: -17.7
vs ASX:NIC: -17.40
Nickel Industries (ASX:NIC) 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.
Nickel Industries 3-Year Share Buyback Ratio Related Terms
Nickel Industries 3-Year Share Buyback Ratio Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Nickel Industries'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.
Nickel Industries 3-Year Share Buyback Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nickel Industries's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Nickel Industries's 3-Year Share Buyback Ratio falls into.
Nickel Industries 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 -17.40 mean?
Nickel Industries (ASX:NIC) has a 3-Year Share Buyback Ratio of -17.40 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 Nickel Industries and its competitors. According to the industry distribution chart, Nickel Industries ranks #1068 out of 2169 companies in the Metals & Mining industry, placing it in the top 49.2%.
Is Nickel Industries' 3-Year Share Buyback Ratio too high?
Nickel Industries' current 3-Year Share Buyback Ratio is -17.40. Based on the distribution chart, Nickel Industries ranks #1068 out of 2169 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Nickel Industries has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nickel Industries' 3-Year Share Buyback Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Nickel Industries ranks #1068 out of 2169 companies for 3-Year Share Buyback Ratio. This puts Nickel Industries 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 Metals & Mining company?
A good 3-Year Share Buyback Ratio depends on the Metals & Mining 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 Nickel Industries and its competitors. Nickel Industries's current 3-Year Share Buyback Ratio is -17.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel Industries stock overvalued right now?
Based on GuruFocus' analysis, Nickel Industries (ASX:NIC) is currently considered Modestly Overvalued. The stock's GF Value™ is A$0.69, compared to a current price of A$0.86 — trading 24.6% above its estimated fair value. The current 3-Year Share Buyback Ratio is -17.40. Nickel Industries' overall GF Score™ is 62/100 with 10 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 Nickel Industries (ASX:NIC), the current 3-Year Share Buyback Ratio is -17.40 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 Nickel Industries (ASX:NIC) Overvalued in 2026?
Based on GuruFocus' analysis, Nickel Industries stock appears to be overvalued.
The current stock price of A$0.86 is trading 24.6% above its estimated GF Value™ of A$0.69.
GuruFocus considers Nickel Industries to be Modestly Overvalued.
Key valuation signals for ASX:NIC:
3-Year Share Buyback Ratio: -17.40
GF Value™: A$0.69 vs. price of A$0.86 (24.6% above fair value)
No single metric tells the full story. See the ASX:NIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nickel Industries Ltd is engaged in acquiring, exploring, and developing nickel projects. The group has three segments: nickel ore mining in Indonesia, the RKEF projects in Indonesia and Singapore, and the HPAL projects in Indonesia. Its principal operations, located in Indonesia, are the Hengjaya Nickel, Oracle Nickel, and RKEF projects located within the Indonesia Morowali Industrial Park (IMIP), the Angel Nickel RKEF Project within the Indonesia Weda Bay Industrial Park (IWIP), and the Hengjaya Mine, a large tonnage, high grade nickel laterite deposit in proximity to the IMIP.
62GF Score
Get the complete analysis for ASX:NIC
3-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
ASX:NIC has been successfully added to your 
