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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. Empire State Realty Trust's current 3-Year Share Buyback Ratio was -1.90%.
The historical rank and industry rank for Empire State Realty Trust's 3-Year Share Buyback Ratio or its related term are showing as below:
ESRT'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -17.7 Med: -1.9 Max: 4
Current: -1.9
During the past 13 years, Empire State Realty Trust's highest 3-Year Share Buyback Ratio was 4.00%. The lowest was -17.70%. And the median was -1.90%.
ESRT's 3-Year Share Buyback Ratio is ranked better than 56.83% of 600
companies
in the REITs industry
Industry Median: -2.9
vs ESRT: -1.90
Empire State Realty Trust (NYSE:ESRT) 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.
Empire State Realty Trust 3-Year Share Buyback Ratio Related Terms
ESRT vs JBGS, SAFE, CTO: 3-Year Share Buyback Ratio Comparison
For the REIT - Diversified subindustry, Empire State Realty Trust'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.
Empire State Realty Trust 3-Year Share Buyback Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Empire State Realty Trust's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Empire State Realty Trust's 3-Year Share Buyback Ratio falls into.
Empire State Realty Trust 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 -1.90 mean?
Empire State Realty Trust (ESRT) has a 3-Year Share Buyback Ratio of -1.90 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 Empire State Realty Trust and its competitors. According to the industry distribution chart, Empire State Realty Trust ranks #259 out of 600 companies in the REITs industry, placing it in the top 43.2%.
Is Empire State Realty Trust's 3-Year Share Buyback Ratio too high?
Empire State Realty Trust's current 3-Year Share Buyback Ratio is -1.90. Based on the distribution chart, Empire State Realty Trust ranks #259 out of 600 companies in the REITs industry, which is above the industry midpoint. Overall, Empire State Realty Trust has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Empire State Realty Trust's 3-Year Share Buyback Ratio compare to JBGS and SAFE?
According to the REITs industry distribution chart, Empire State Realty Trust ranks #259 out of 600 companies for 3-Year Share Buyback Ratio. This puts Empire State Realty Trust 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 REITs company?
A good 3-Year Share Buyback Ratio depends on the REITs 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 Empire State Realty Trust and its competitors. Empire State Realty Trust's current 3-Year Share Buyback Ratio is -1.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Empire State Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, Empire State Realty Trust (ESRT) is currently considered Possible Value Trap. The stock's GF Value™ is $8.85, compared to a current price of $5.67 — trading 36% below its estimated fair value. The current 3-Year Share Buyback Ratio is -1.90. Empire State Realty Trust's overall GF Score™ is 64/100 with 7 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 Empire State Realty Trust (ESRT), the current 3-Year Share Buyback Ratio is -1.90 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 Empire State Realty Trust (ESRT) Overvalued in 2026?
Based on GuruFocus' analysis, Empire State Realty Trust stock appears to be undervalued.
The current stock price of $5.67 is trading 36% below its estimated GF Value™ of $8.85.
GuruFocus considers Empire State Realty Trust to be Possible Value Trap.
Key valuation signals for ESRT:
3-Year Share Buyback Ratio: -1.90
GF Value™: $8.85 vs. price of $5.67 (36% below fair value)
No single metric tells the full story. See the ESRT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Empire State Realty Trust Inc is a real estate investment trust (REIT) that owns and operates office, retail, and multifamily properties located in New York City, prominently in Manhattan. Its portfolio includes office and retail space as well as residential units. The company's objective is to maximize cash flow and total returns to its shareholders and to increase the value of the properties. Its reportable segments consist of a real estate segment and an Observatory segment. The majority of revenue is derived from the Real Estate segment, which includes all activities related to the ownership, management, operation, acquisition, redevelopment, repositioning and disposition of its traditional real estate assets.
64GF Score
Get the complete analysis for ESRT
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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