AZREF (Azure Power Global) 3-Year Share Buyback Ratio: 0.00% (As of Mar. 2024)

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AZREF Azure Power Global Ltd AZREF
12 GF Score
Price $1.00
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What is Azure Power Global 3-Year Share Buyback Ratio?

Azure Power Global AZREF 12 3-Year Share Buyback Ratio is 0.00 as of Mar. 2024. GuruFocus rates AZREF with a GF Score™ of 12/100.

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. Azure Power Global's current 3-Year Share Buyback Ratio was 0.00%.

The historical rank and industry rank for Azure Power Global's 3-Year Share Buyback Ratio or its related term are showing as below:

During the past 11 years, Azure Power Global's highest 3-Year Share Buyback Ratio was 0.00%. The lowest was 0.00%. And the median was 0.00%.

AZREF's 3-Year Share Buyback Ratio is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: -3.4
* Ranked among companies with meaningful 3-Year Share Buyback Ratio only.

Azure Power Global (OTCPK:AZREF) 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.

Azure Power Global 3-Year Share Buyback Ratio Related Terms

AZREF vs SAFX, VGAS, STEM: 3-Year Share Buyback Ratio Comparison

For the Utilities - Renewable subindustry, Azure Power Global'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.

Azure Power Global 3-Year Share Buyback Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Azure Power Global's 3-Year Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Azure Power Global's 3-Year Share Buyback Ratio falls into.


AZREF
12GF Score
Azure Power Global Ltd AZREF
3-Year Share Buyback Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Azure Power Global 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 0.00 mean?
Azure Power Global (AZREF) has a 3-Year Share Buyback Ratio of 0.00 as of Mar. 2024. 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 Azure Power Global and its competitors.
Is Azure Power Global's 3-Year Share Buyback Ratio too high?
Azure Power Global's current 3-Year Share Buyback Ratio is 0.00. Overall, Azure Power Global has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Azure Power Global's 3-Year Share Buyback Ratio compare to SAFX and VGAS?
Azure Power Global's 3-Year Share Buyback Ratio of 0.00 can be compared against companies in the Utilities - Independent Power Producers 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 - Independent Power Producers company?
A good 3-Year Share Buyback Ratio depends on the Utilities - Independent Power Producers 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 Azure Power Global and its competitors. Azure Power Global's current 3-Year Share Buyback Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azure Power Global stock overvalued right now?
Azure Power Global (AZREF) has a current 3-Year Share Buyback Ratio of 0.00. The current 3-Year Share Buyback Ratio is 0.00. Azure Power Global's overall GF Score™ is 12/100. 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 Azure Power Global (AZREF), the current 3-Year Share Buyback Ratio is 0.00 as of Mar. 2024. 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.

Azure Power Global Business Description

Address Phase II, 8th Floor, Tower A, DLF Infinity, Cyber City, Gurugram, HR, IND, 122002
Azure Power Global Ltd is a utility-scale renewable energy project developer and operator. It is engaged in the development, construction, ownership, operation, maintenance, and management of renewable energy assets based on long-term contracts (Power Purchase Agreements or PPA) with Indian Government energy distribution companies, as well as other Indian non-governmental energy distribution companies and commercial customers.
12GF 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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