China Specialty Glass AG (FRA:8GS) 3-Year Share Buyback Ratio: 0.00% (As of Jun. 2014)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

What is China Specialty Glass AG 3-Year Share Buyback Ratio?

China Specialty Glass AG FRA:8GS 3-Year Share Buyback Ratio is 0.00 as of Jun. 2014.

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. China Specialty Glass AG's current 3-Year Share Buyback Ratio was 0.00%.

The historical rank and industry rank for China Specialty Glass AG's 3-Year Share Buyback Ratio or its related term are showing as below:

During the past 4 years, China Specialty Glass AG's highest 3-Year Share Buyback Ratio was 0.00%. The lowest was 0.00%. And the median was 0.00%.

FRA:8GS's 3-Year Share Buyback Ratio is not ranked *
in the Business Services industry.
Industry Median: -0.5
* Ranked among companies with meaningful 3-Year Share Buyback Ratio only.

China Specialty Glass AG (FRA:8GS) 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.

China Specialty Glass AG 3-Year Share Buyback Ratio Related Terms

FRA:8GS vs DTII, VCON, UUU: 3-Year Share Buyback Ratio Comparison

For the Security & Protection Services subindustry, China Specialty Glass AG'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.

China Specialty Glass AG 3-Year Share Buyback Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, China Specialty Glass AG's 3-Year Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where China Specialty Glass AG's 3-Year Share Buyback Ratio falls into.


China Specialty Glass AG 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 0.00 mean?
China Specialty Glass AG (FRA:8GS) has a 3-Year Share Buyback Ratio of 0.00 as of Jun. 2014. 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 China Specialty Glass AG and its competitors.
Is China Specialty Glass AG's 3-Year Share Buyback Ratio too high?
China Specialty Glass AG's current 3-Year Share Buyback Ratio is 0.00.
How does China Specialty Glass AG's 3-Year Share Buyback Ratio compare to DTII and VCON?
China Specialty Glass AG's 3-Year Share Buyback Ratio of 0.00 can be compared against companies in the Business Services 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 Business Services company?
A good 3-Year Share Buyback Ratio depends on the Business Services 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 China Specialty Glass AG and its competitors. China Specialty Glass AG's current 3-Year Share Buyback Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Specialty Glass AG stock overvalued right now?
China Specialty Glass AG (FRA:8GS) has a current 3-Year Share Buyback Ratio of 0.00. The current 3-Year Share Buyback Ratio is 0.00. 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 China Specialty Glass AG (FRA:8GS), the current 3-Year Share Buyback Ratio is 0.00 as of Jun. 2014. 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.

China Specialty Glass AG Business Description

Address An den Romerhuegeln 1, Grunwald, DEU, 82031
China Specialty Glass AG is a glass manufacturer in China. It develops, produces and sells specialty glass under its Hing Wah brand. It operates into three business segments namely automotive security glass; bank security glass and construction glass.