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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. Ligand Pharmaceuticals's current 3-Year Share Buyback Ratio was -5.30%.
The historical rank and industry rank for Ligand Pharmaceuticals's 3-Year Share Buyback Ratio or its related term are showing as below:
FRA:LGDN'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -36.5 Med: -4.4 Max: 8.7
Current: -5.3
During the past 13 years, Ligand Pharmaceuticals's highest 3-Year Share Buyback Ratio was 8.70%. The lowest was -36.50%. And the median was -4.40%.
FRA:LGDN's 3-Year Share Buyback Ratio is ranked better than 65.43% of 1189
companies
in the Biotechnology industry
Industry Median: -11.8
vs FRA:LGDN: -5.30
Ligand Pharmaceuticals (FRA:LGDN) 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.
Ligand Pharmaceuticals 3-Year Share Buyback Ratio Related Terms
FRA:LGDN vs CRSP, DFTX, XENE: 3-Year Share Buyback Ratio Comparison
For the Biotechnology subindustry, Ligand Pharmaceuticals'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.
Ligand Pharmaceuticals 3-Year Share Buyback Ratio vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Ligand Pharmaceuticals's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Ligand Pharmaceuticals's 3-Year Share Buyback Ratio falls into.
Ligand Pharmaceuticals 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 -5.30 mean?
Ligand Pharmaceuticals (FRA:LGDN) has a 3-Year Share Buyback Ratio of -5.30 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 Ligand Pharmaceuticals and its competitors. According to the industry distribution chart, Ligand Pharmaceuticals ranks #411 out of 1189 companies in the Biotechnology industry, placing it in the top 34.6%.
Is Ligand Pharmaceuticals' 3-Year Share Buyback Ratio too high?
Ligand Pharmaceuticals' current 3-Year Share Buyback Ratio is -5.30. Based on the distribution chart, Ligand Pharmaceuticals ranks #411 out of 1189 companies in the Biotechnology industry, which is above the industry midpoint. Overall, Ligand Pharmaceuticals has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ligand Pharmaceuticals' 3-Year Share Buyback Ratio compare to CRSP and DFTX?
According to the Biotechnology industry distribution chart, Ligand Pharmaceuticals ranks #411 out of 1189 companies for 3-Year Share Buyback Ratio. This puts Ligand Pharmaceuticals 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 Biotechnology company?
A good 3-Year Share Buyback Ratio depends on the Biotechnology 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 Ligand Pharmaceuticals and its competitors. Ligand Pharmaceuticals's current 3-Year Share Buyback Ratio is -5.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ligand Pharmaceuticals stock overvalued right now?
Based on GuruFocus' analysis, Ligand Pharmaceuticals (FRA:LGDN) is currently considered Significantly Overvalued. The stock's GF Value™ is €154.41, compared to a current price of €244.00 — trading 58% above its estimated fair value. The current 3-Year Share Buyback Ratio is -5.30. Ligand Pharmaceuticals' overall GF Score™ is 76/100 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 Ligand Pharmaceuticals (FRA:LGDN), the current 3-Year Share Buyback Ratio is -5.30 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 Ligand Pharmaceuticals (FRA:LGDN) Overvalued in 2026?
Based on GuruFocus' analysis, Ligand Pharmaceuticals stock appears to be overvalued.
The current stock price of €244.00 is trading 58% above its estimated GF Value™ of €154.41.
GuruFocus considers Ligand Pharmaceuticals to be Significantly Overvalued.
Key valuation signals for FRA:LGDN:
3-Year Share Buyback Ratio: -5.30
GF Value™: €154.41 vs. price of €244.00 (58% above fair value)
No single metric tells the full story. See the FRA:LGDN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ligand Pharmaceuticals Inc is a biopharmaceutical company focused on developing and acquiring technologies that aid in creating medicine. The company has partnerships and license agreements with various pharmaceutical and biotechnology companies. Ligand's business model is based on drug discovery, early-stage drug development, product reformulation, and partnerships. The company's revenue consists of three primary elements: royalties from commercialized products, license and milestone payments, and sale of its trademarked Captisol material.
76GF Score
Get the complete analysis for FRA:LGDN
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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