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Covalon TechnologiesCVALF +4.22%83 3-Year Share Buyback Ratio is -2.70 as of Mar. 2026. GuruFocus rates CVALF with a GF Score™ of 83/100 and a GF Value™ of $1.54 (Fairly Valued). The stock has 2 warning signs investors should review. Among 615 Medical Devices & Instruments companies, Covalon Technologies ranks worse than 50.08% 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. Covalon Technologies's current 3-Year Share Buyback Ratio was -2.70%.
The historical rank and industry rank for Covalon Technologies's 3-Year Share Buyback Ratio or its related term are showing as below:
CVALF'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -33.2 Med: -4.65 Max: 1.5
Current: -2.7
During the past 13 years, Covalon Technologies's highest 3-Year Share Buyback Ratio was 1.50%. The lowest was -33.20%. And the median was -4.65%.
CVALF's 3-Year Share Buyback Ratio is ranked worse than 50.08% of 615
companies
in the Medical Devices & Instruments industry
Industry Median: -2.7
vs CVALF: -2.70
Covalon Technologies (OTCPK:CVALF) 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.
Covalon Technologies 3-Year Share Buyback Ratio Related Terms
CVALF vs ISRG, BDX, MDLN: 3-Year Share Buyback Ratio Comparison
For the Medical Instruments & Supplies subindustry, Covalon Technologies'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.
Covalon Technologies 3-Year Share Buyback Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Covalon Technologies's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Covalon Technologies's 3-Year Share Buyback Ratio falls into.
Covalon Technologies 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 -2.70 mean?
Covalon Technologies (CVALF) has a 3-Year Share Buyback Ratio of -2.70 as of Mar. 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 Covalon Technologies and its competitors. According to the industry distribution chart, Covalon Technologies ranks #308 out of 615 companies in the Medical Devices & Instruments industry, placing it in the top 50.1%.
Is Covalon Technologies' 3-Year Share Buyback Ratio too high?
Covalon Technologies' current 3-Year Share Buyback Ratio is -2.70. Based on the distribution chart, Covalon Technologies ranks #308 out of 615 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Covalon Technologies has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Covalon Technologies' 3-Year Share Buyback Ratio compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Covalon Technologies ranks #308 out of 615 companies for 3-Year Share Buyback Ratio. This places Covalon Technologies in the lower 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 Medical Devices & Instruments company?
A good 3-Year Share Buyback Ratio depends on the Medical Devices & Instruments 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 Covalon Technologies and its competitors. Covalon Technologies's current 3-Year Share Buyback Ratio is -2.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Covalon Technologies stock overvalued right now?
Based on GuruFocus' analysis, Covalon Technologies (CVALF) is currently considered Fairly Valued. The stock's GF Value™ is $1.54, compared to a current price of $1.53 — trading 0.6% below its estimated fair value. The current 3-Year Share Buyback Ratio is -2.70. Covalon Technologies' overall GF Score™ is 83/100 with 2 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 Covalon Technologies (CVALF), the current 3-Year Share Buyback Ratio is -2.70 as of Mar. 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 Covalon Technologies (CVALF) Overvalued in 2026?
Based on GuruFocus' analysis, Covalon Technologies stock appears to be undervalued.
The current stock price of $1.53 is trading 0.6% below its estimated GF Value™ of $1.54.
GuruFocus considers Covalon Technologies to be Fairly Valued.
Key valuation signals for CVALF:
3-Year Share Buyback Ratio: -2.70
GF Value™: $1.54 vs. price of $1.53 (0.6% below fair value)
No single metric tells the full story. See the CVALF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Covalon Technologies Ltd is engaged in the business of researching, developing, manufacturing, and marketing patent-protected medical products that improve patient outcomes in the areas of infection management, wound care, and surgical procedures. The company generates revenue through development contracts, licensing agreements, distribution contracts, and sales. Its products include IV dressings, surgical site protection products, vascular access protection products, and others, and its solutions include primary dressing cover, vascular access technologies, advanced wound care, sensitive skin solutions, custom medical coatings, and patient resource support.
83GF Score
Get the complete analysis for CVALF
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