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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. Cognizant Technology Solutions's current 3-Year Share Buyback Ratio was 2.00%.
The historical rank and industry rank for Cognizant Technology Solutions's 3-Year Share Buyback Ratio or its related term are showing as below:
CTSH'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -4.9 Med: -0.3 Max: 3.4
Current: 2
During the past 13 years, Cognizant Technology Solutions's highest 3-Year Share Buyback Ratio was 3.40%. The lowest was -4.90%. And the median was -0.30%.
CTSH's 3-Year Share Buyback Ratio is ranked better than 93.3% of 2134
companies
in the Software industry
Industry Median: -1.6
vs CTSH: 2.00
Cognizant Technology Solutions (NAS:CTSH) 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.
Cognizant Technology Solutions 3-Year Share Buyback Ratio Related Terms
CTSH vs FIS, BR, CDW: 3-Year Share Buyback Ratio Comparison
For the Information Technology Services subindustry, Cognizant Technology Solutions'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.
Cognizant Technology Solutions 3-Year Share Buyback Ratio vs Software Industry
For the Software industry and Technology sector, Cognizant Technology Solutions's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Cognizant Technology Solutions's 3-Year Share Buyback Ratio falls into.
Cognizant Technology Solutions 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 2.00 mean?
Cognizant Technology Solutions (CTSH) has a 3-Year Share Buyback Ratio of 2.00 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 Cognizant Technology Solutions and its competitors. According to the industry distribution chart, Cognizant Technology Solutions ranks #143 out of 2134 companies in the Software industry, placing it in the top 6.7%.
Is Cognizant Technology Solutions' 3-Year Share Buyback Ratio too high?
Cognizant Technology Solutions' current 3-Year Share Buyback Ratio is 2.00. Based on the distribution chart, Cognizant Technology Solutions ranks #143 out of 2134 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Cognizant Technology Solutions has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cognizant Technology Solutions' 3-Year Share Buyback Ratio compare to FIS and BR?
According to the Software industry distribution chart, Cognizant Technology Solutions ranks #143 out of 2134 companies for 3-Year Share Buyback Ratio. This places Cognizant Technology Solutions in the top 7% 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 Software company?
A good 3-Year Share Buyback Ratio depends on the Software 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 Cognizant Technology Solutions and its competitors. Cognizant Technology Solutions's current 3-Year Share Buyback Ratio is 2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cognizant Technology Solutions stock overvalued right now?
Based on GuruFocus' analysis, Cognizant Technology Solutions (CTSH) is currently considered Significantly Undervalued. The stock's GF Value™ is $85.19, compared to a current price of $56.89 — trading 33.2% below its estimated fair value. The current 3-Year Share Buyback Ratio is 2.00. Cognizant Technology Solutions' overall GF Score™ is 76/100 with 1 warning sign 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 Cognizant Technology Solutions (CTSH), the current 3-Year Share Buyback Ratio is 2.00 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 Cognizant Technology Solutions (CTSH) Overvalued in 2026?
Based on GuruFocus' analysis, Cognizant Technology Solutions stock appears to be undervalued.
The current stock price of $56.89 is trading 33.2% below its estimated GF Value™ of $85.19.
GuruFocus considers Cognizant Technology Solutions to be Significantly Undervalued.
Key valuation signals for CTSH:
3-Year Share Buyback Ratio: 2.00
GF Value™: $85.19 vs. price of $56.89 (33.2% below fair value)
No single metric tells the full story. See the CTSH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cognizant Technology Solutions is a multinational IT services provider that offers a range of consulting and business process outsourcing services. Originally founded in India, the company is headquartered in the US and serves enterprise customers spanning the financial services, healthcare, and resources industries. With most of its workforce located in India, Cognizant leverages a global delivery model that helps clients outsource their IT needs to offshore labor.
76GF Score
Get the complete analysis for CTSH
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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