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Morgan Stanley China A Share FundCAF +0.15%35 3-Year Share Buyback Ratio is 8.40 as of Dec. 2025, which is 5500% above its 10-year median of 0.15. GuruFocus rates CAF with a GF Score™ of 35/100. The stock has 3 warning signs investors should review. Among 1,140 Asset Management companies, Morgan Stanley China A Share Fund ranks better than 93.77% 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. Morgan Stanley China A Share Fund's current 3-Year Share Buyback Ratio was 8.40%.
The historical rank and industry rank for Morgan Stanley China A Share Fund's 3-Year Share Buyback Ratio or its related term are showing as below:
CAF'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: 0 Med: 0.15 Max: 8.4
Current: 8.4
During the past 9 years, Morgan Stanley China A Share Fund's highest 3-Year Share Buyback Ratio was 8.40%. The lowest was 0.00%. And the median was 0.15%.
CAF's 3-Year Share Buyback Ratio is ranked better than 93.77% of 1140
companies
in the Asset Management industry
Industry Median: -0.8
vs CAF: 8.40
Morgan Stanley China A Share Fund (NYSE:CAF) 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.
Morgan Stanley China A Share Fund 3-Year Share Buyback Ratio Related Terms
CAF vs HIO, BRW, SPXX: 3-Year Share Buyback Ratio Comparison
For the Asset Management subindustry, Morgan Stanley China A Share Fund'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.
Morgan Stanley China A Share Fund 3-Year Share Buyback Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Morgan Stanley China A Share Fund's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Morgan Stanley China A Share Fund's 3-Year Share Buyback Ratio falls into.
Morgan Stanley China A Share Fund 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 8.40 mean?
Morgan Stanley China A Share Fund (CAF) has a 3-Year Share Buyback Ratio of 8.40 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 Morgan Stanley China A Share Fund and its competitors. This is 5500% above median its historical median of 0.15. According to the industry distribution chart, Morgan Stanley China A Share Fund ranks #71 out of 1140 companies in the Asset Management industry, placing it in the top 6.2%.
Is Morgan Stanley China A Share Fund's 3-Year Share Buyback Ratio too high?
Morgan Stanley China A Share Fund's current 3-Year Share Buyback Ratio of 8.40 is 5500% above median its 10-year median of 0.15. Based on the distribution chart, Morgan Stanley China A Share Fund ranks #71 out of 1140 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Morgan Stanley China A Share Fund has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Morgan Stanley China A Share Fund's 3-Year Share Buyback Ratio compare to HIO and BRW?
According to the Asset Management industry distribution chart, Morgan Stanley China A Share Fund ranks #71 out of 1140 companies for 3-Year Share Buyback Ratio. This places Morgan Stanley China A Share Fund in the top 6% 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 an Asset Management company?
A good 3-Year Share Buyback Ratio depends on the Asset Management 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 Morgan Stanley China A Share Fund and its competitors. Morgan Stanley China A Share Fund's current 3-Year Share Buyback Ratio is 8.40, which is 5500% above median its own 10-year median of 0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morgan Stanley China A Share Fund stock overvalued right now?
Morgan Stanley China A Share Fund (CAF) has a current 3-Year Share Buyback Ratio of 8.40. The current 3-Year Share Buyback Ratio is 8.40, which is 5500% above median its 10-year median of 0.15. Morgan Stanley China A Share Fund's overall GF Score™ is 35/100 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 Morgan Stanley China A Share Fund (CAF), the current 3-Year Share Buyback Ratio is 8.40 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.
Morgan Stanley China A Share Fund Inc is the United States based non-diversified, closed-end management investment company. Its investment objective is to seek capital growth by investing a majority of its assets in A-shares of Chinese companies listed on the Shanghai and Shenzhen Stock Exchanges. Its portfolio of investments consists of investment in different sectors such as the aerospace and defense, banks, automobiles, household durables, media, pharmaceuticals, software and other sectors.
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