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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.
Callaway Golf CoCALY +1.62%74 3-Year Share Buyback Ratio is 0.20 as of Jun. 2026. GuruFocus rates CALY with a GF Score™ of 74/100 and a GF Value™ of $12.76 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 459 Travel & Leisure companies, Callaway Golf Co ranks better than 72.98% 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. Callaway Golf Co's current 3-Year Share Buyback Ratio was 0.20%.
The historical rank and industry rank for Callaway Golf Co's 3-Year Share Buyback Ratio or its related term are showing as below:
CALY'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -25.2 Med: -0.6 Max: 5.5
Current: 0.2
During the past 13 years, Callaway Golf Co's highest 3-Year Share Buyback Ratio was 5.50%. The lowest was -25.20%. And the median was -0.60%.
CALY's 3-Year Share Buyback Ratio is ranked better than 72.98% of 459
companies
in the Travel & Leisure industry
Industry Median: -0.7
vs CALY: 0.20
Callaway Golf Co (NYSE:CALY) 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.
Callaway Golf Co 3-Year Share Buyback Ratio Related Terms
CALY vs YETI, OSW, PTON: 3-Year Share Buyback Ratio Comparison
For the Leisure subindustry, Callaway Golf Co'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.
Callaway Golf Co 3-Year Share Buyback Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Callaway Golf Co's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Callaway Golf Co's 3-Year Share Buyback Ratio falls into.
Callaway Golf Co 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 0.20 mean?
Callaway Golf Co (CALY) has a 3-Year Share Buyback Ratio of 0.20 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 Callaway Golf Co and its competitors. According to the industry distribution chart, Callaway Golf Co ranks #124 out of 459 companies in the Travel & Leisure industry, placing it in the top 27%.
Is Callaway Golf Co's 3-Year Share Buyback Ratio too high?
Callaway Golf Co's current 3-Year Share Buyback Ratio is 0.20. Based on the distribution chart, Callaway Golf Co ranks #124 out of 459 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Callaway Golf Co has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Callaway Golf Co's 3-Year Share Buyback Ratio compare to YETI and OSW?
According to the Travel & Leisure industry distribution chart, Callaway Golf Co ranks #124 out of 459 companies for 3-Year Share Buyback Ratio. This puts Callaway Golf Co 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 Travel & Leisure company?
A good 3-Year Share Buyback Ratio depends on the Travel & Leisure 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 Callaway Golf Co and its competitors. Callaway Golf Co's current 3-Year Share Buyback Ratio is 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Callaway Golf Co stock overvalued right now?
Based on GuruFocus' analysis, Callaway Golf Co (CALY) is currently considered Modestly Overvalued. The stock's GF Value™ is $12.76, compared to a current price of $15.69 — trading 23% above its estimated fair value. The current 3-Year Share Buyback Ratio is 0.20. Callaway Golf Co's overall GF Score™ is 74/100 with 5 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 Callaway Golf Co (CALY), the current 3-Year Share Buyback Ratio is 0.20 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 Callaway Golf Co (CALY) Overvalued in 2026?
Based on GuruFocus' analysis, Callaway Golf Co stock appears to be overvalued.
The current stock price of $15.69 is trading 23% above its estimated GF Value™ of $12.76.
GuruFocus considers Callaway Golf Co to be Modestly Overvalued.
Key valuation signals for CALY:
3-Year Share Buyback Ratio: 0.20
GF Value™: $12.76 vs. price of $15.69 (23% above fair value)
No single metric tells the full story. See the CALY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Callaway Golf Co is a golf equipment, gear and apparel company with a portfolio of world-wide brands, including Callaway Golf, Odyssey, TravisMathew, and OGIO. Callaway designs, manufactures, and sells high-performance golf clubs, golf balls, apparel, bags, and other accessories-setting the standard for performance in the game of golf. The company has two operating and reportable business segments: Golf Equipment and Apparel, Gear and Other. Geographically, the company operates in United States, Europe, Asia, and Rest of World, of which it derives maximum revenue from United States.
74GF Score
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