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Graham Holdings CoGHC +1.25%90 3-Year Share Buyback Ratio is 3.10 as of Jun. 2026, which is 24% above its 10-year median of 2.50. GuruFocus rates GHC with a GF Score™ of 90/100 and a GF Value™ of $1,002.83 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 309 Conglomerates companies, Graham Holdings Co ranks better than 94.82% on this metric.
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. Graham Holdings Co's current 3-Year Share Buyback Ratio was 3.10%.
The historical rank and industry rank for Graham Holdings Co's 3-Year Share Buyback Ratio or its related term are showing as below:
GHC'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -0.3 Med: 2.5 Max: 8.9
Current: 3.1
During the past 13 years, Graham Holdings Co's highest 3-Year Share Buyback Ratio was 8.90%. The lowest was -0.30%. And the median was 2.50%.
GHC's 3-Year Share Buyback Ratio is ranked better than 94.82% of 309
companies
in the Conglomerates industry
Industry Median: -0.2
vs GHC: 3.10
Graham Holdings Co (NYSE:GHC) 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.
Graham Holdings Co 3-Year Share Buyback Ratio Related Terms
GHC vs SEB, OTTR, TTI: 3-Year Share Buyback Ratio Comparison
For the Conglomerates subindustry, Graham Holdings Co'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.
Graham Holdings Co 3-Year Share Buyback Ratio vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Graham Holdings Co's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Graham Holdings Co's 3-Year Share Buyback Ratio falls into.
Graham Holdings Co 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 3.10 mean?
Graham Holdings Co (GHC) has a 3-Year Share Buyback Ratio of 3.10 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 Graham Holdings Co and its competitors. This is 24% above median its historical median of 2.50. According to the industry distribution chart, Graham Holdings Co ranks #16 out of 309 companies in the Conglomerates industry, placing it in the top 5.2%.
Is Graham Holdings Co's 3-Year Share Buyback Ratio too high?
Graham Holdings Co's current 3-Year Share Buyback Ratio of 3.10 is 24% above median its 10-year median of 2.50. Based on the distribution chart, Graham Holdings Co ranks #16 out of 309 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Graham Holdings Co has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Graham Holdings Co's 3-Year Share Buyback Ratio compare to SEB and OTTR?
According to the Conglomerates industry distribution chart, Graham Holdings Co ranks #16 out of 309 companies for 3-Year Share Buyback Ratio. This places Graham Holdings Co in the top 5% 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 a Conglomerates company?
A good 3-Year Share Buyback Ratio depends on the Conglomerates 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 Graham Holdings Co and its competitors. Graham Holdings Co's current 3-Year Share Buyback Ratio is 3.10, which is 24% above median its own 10-year median of 2.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Graham Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Graham Holdings Co (GHC) is currently considered Modestly Overvalued. The stock's GF Value™ is $1,002.83, compared to a current price of $1,166.93 — trading 16.4% above its estimated fair value. The current 3-Year Share Buyback Ratio is 3.10, which is 24% above median its 10-year median of 2.50. Graham Holdings Co's overall GF Score™ is 90/100 with 8 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 Graham Holdings Co (GHC), the current 3-Year Share Buyback Ratio is 3.10 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 Graham Holdings Co (GHC) Overvalued in 2026?
Based on GuruFocus' analysis, Graham Holdings Co stock appears to be overvalued.
The current stock price of $1,166.93 is trading 16.4% above its estimated GF Value™ of $1,002.83.
GuruFocus considers Graham Holdings Co to be Modestly Overvalued.
Key valuation signals for GHC:
3-Year Share Buyback Ratio: 3.10 (24% above median its 10-year median of 2.50)
GF Value™: $1,002.83 vs. price of $1,166.93 (16.4% above fair value)
No single metric tells the full story. See the GHC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Graham Holdings Company is a diversified holding company with operations spanning educational services, television broadcasting, healthcare, manufacturing, automotive dealerships, and other businesses. The Company's education activities are conducted through Kaplan, whose services include academic preparation programs for international students, English-language programs, exam preparation, and career and academic advisement. These services are provided to students, schools, and colleges, both domestically and outside the United States. It operates through seven reportable segments: Kaplan International, Kaplan Higher Education, Kaplan Supplemental Education, Television Broadcasting, CSI, Manufacturing and Automotive, with key revenue coming from the Education and Automotive segments.
90GF Score
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