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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. Two Harbors Investment's current 3-Year Share Buyback Ratio was -6.60%.
The historical rank and industry rank for Two Harbors Investment's 3-Year Share Buyback Ratio or its related term are showing as below:
FRA:2H2'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -181.6 Med: -11.7 Max: 1.6
Current: -6.6
During the past 13 years, Two Harbors Investment's highest 3-Year Share Buyback Ratio was 1.60%. The lowest was -181.60%. And the median was -11.70%.
FRA:2H2's 3-Year Share Buyback Ratio is ranked worse than 66.05% of 598
companies
in the REITs industry
Industry Median: -3
vs FRA:2H2: -6.60
Two Harbors Investment (FRA:2H2) 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.
Two Harbors Investment 3-Year Share Buyback Ratio Related Terms
FRA:2H2 vs LADR, ORC, CIM: 3-Year Share Buyback Ratio Comparison
For the REIT - Mortgage subindustry, Two Harbors Investment'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.
Two Harbors Investment 3-Year Share Buyback Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Two Harbors Investment's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Two Harbors Investment's 3-Year Share Buyback Ratio falls into.
Two Harbors Investment 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 -6.60 mean?
Two Harbors Investment (FRA:2H2) has a 3-Year Share Buyback Ratio of -6.60 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 Two Harbors Investment and its competitors. According to the industry distribution chart, Two Harbors Investment ranks #395 out of 598 companies in the REITs industry, placing it in the top 66.1%.
Is Two Harbors Investment's 3-Year Share Buyback Ratio too high?
Two Harbors Investment's current 3-Year Share Buyback Ratio is -6.60. Based on the distribution chart, Two Harbors Investment ranks #395 out of 598 companies in the REITs industry, which is below the industry midpoint. Overall, Two Harbors Investment has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Two Harbors Investment's 3-Year Share Buyback Ratio compare to LADR and ORC?
According to the REITs industry distribution chart, Two Harbors Investment ranks #395 out of 598 companies for 3-Year Share Buyback Ratio. This places Two Harbors Investment 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 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 Two Harbors Investment and its competitors. Two Harbors Investment's current 3-Year Share Buyback Ratio is -6.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Two Harbors Investment stock overvalued right now?
Based on GuruFocus' analysis, Two Harbors Investment (FRA:2H2) is currently considered Possible Value Trap. The stock's GF Value™ is €16.35, compared to a current price of €10.47 — trading 36% below its estimated fair value. The current 3-Year Share Buyback Ratio is -6.60. Two Harbors Investment's overall GF Score™ is 53/100 with 4 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 Two Harbors Investment (FRA:2H2), the current 3-Year Share Buyback Ratio is -6.60 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 Two Harbors Investment (FRA:2H2) Overvalued in 2026?
Based on GuruFocus' analysis, Two Harbors Investment stock appears to be undervalued.
The current stock price of €10.47 is trading 36% below its estimated GF Value™ of €16.35.
GuruFocus considers Two Harbors Investment to be Possible Value Trap.
Key valuation signals for FRA:2H2:
3-Year Share Buyback Ratio: -6.60
GF Value™: €16.35 vs. price of €10.47 (36% below fair value)
No single metric tells the full story. See the FRA:2H2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Two Harbors Investment Corp is a real estate investment trust focused on investing in, financing, and managing residential mortgage-backed securities, residential mortgage loans, mortgage servicing rights, and commercial real estate. The majority of its investment portfolio is split between agency RMBS purchased from government-sponsored enterprises and nonagency RMBS. The company derives revenues mainly from its MSR and Agency RMBS portfolio, including servicing fee income, float income, and interest income, as well as mortgage loan origination activities established to support the MSR portfolio. Its investment portfolio is subject to market risks, mainly interest rate, basis, and prepayment risk. The majority of income is generated by available-for-sale securities.
53GF Score
Get the complete analysis for FRA:2H2
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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