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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. Equinor ASA's current 3-Year Share Buyback Ratio was 7.10%.
The historical rank and industry rank for Equinor ASA's 3-Year Share Buyback Ratio or its related term are showing as below:
FRA:DNQ'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -14.1 Med: 0 Max: 7.1
Current: 7.1
During the past 13 years, Equinor ASA's highest 3-Year Share Buyback Ratio was 7.10%. The lowest was -14.10%. And the median was 0.00%.
FRA:DNQ's 3-Year Share Buyback Ratio is ranked better than 98.98% of 684
companies
in the Oil & Gas industry
Industry Median: -3.6
vs FRA:DNQ: 7.10
Equinor ASA (FRA:DNQ) 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.
Equinor ASA 3-Year Share Buyback Ratio Related Terms
FRA:DNQ vs XOM, CVX: 3-Year Share Buyback Ratio Comparison
For the Oil & Gas Integrated subindustry, Equinor ASA'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.
Equinor ASA 3-Year Share Buyback Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Equinor ASA's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Equinor ASA's 3-Year Share Buyback Ratio falls into.
Equinor ASA 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 7.10 mean?
Equinor ASA (FRA:DNQ) has a 3-Year Share Buyback Ratio of 7.10 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 Equinor ASA and its competitors. According to the industry distribution chart, Equinor ASA ranks #7 out of 684 companies in the Oil & Gas industry, placing it in the top 1%.
Is Equinor ASA's 3-Year Share Buyback Ratio too high?
Equinor ASA's current 3-Year Share Buyback Ratio is 7.10. Based on the distribution chart, Equinor ASA ranks #7 out of 684 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Equinor ASA has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Equinor ASA's 3-Year Share Buyback Ratio compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Equinor ASA ranks #7 out of 684 companies for 3-Year Share Buyback Ratio. This places Equinor ASA in the top 1% 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 an Oil & Gas company?
A good 3-Year Share Buyback Ratio depends on the Oil & Gas 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 Equinor ASA and its competitors. Equinor ASA's current 3-Year Share Buyback Ratio is 7.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equinor ASA stock overvalued right now?
Based on GuruFocus' analysis, Equinor ASA (FRA:DNQ) is currently considered Modestly Overvalued. The stock's GF Value™ is €30.27, compared to a current price of €36.21 — trading 19.6% above its estimated fair value. The current 3-Year Share Buyback Ratio is 7.10. Equinor ASA's overall GF Score™ is 73/100 with 6 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 Equinor ASA (FRA:DNQ), the current 3-Year Share Buyback Ratio is 7.10 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 Equinor ASA (FRA:DNQ) Overvalued in 2026?
Based on GuruFocus' analysis, Equinor ASA stock appears to be overvalued.
The current stock price of €36.21 is trading 19.6% above its estimated GF Value™ of €30.27.
GuruFocus considers Equinor ASA to be Modestly Overvalued.
Key valuation signals for FRA:DNQ:
3-Year Share Buyback Ratio: 7.10
GF Value™: €30.27 vs. price of €36.21 (19.6% above fair value)
No single metric tells the full story. See the FRA:DNQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Equinor is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the Norwegian Continental Shelf, the firm produced 2.1 million barrels of oil equivalent per day in 2025 (50% liquids) and ended 2025 with 5.2 billion barrels of proven reserves (45% liquids). Operations also include oil refineries and natural gas processing, marketing, and trading. The renewables portfolio includes offshore and onshore wind and solar, with total power generation of 5.65 TWh in 2025.
73GF Score
Get the complete analysis for FRA:DNQ
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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