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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. Gaming and Leisure Properties's current 3-Year Share Buyback Ratio was -2.80%.
The historical rank and industry rank for Gaming and Leisure Properties's 3-Year Share Buyback Ratio or its related term are showing as below:
GLPI'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -32.8 Med: -5.95 Max: -1.1
Current: -2.8
During the past 13 years, Gaming and Leisure Properties's highest 3-Year Share Buyback Ratio was -1.10%. The lowest was -32.80%. And the median was -5.95%.
GLPI's 3-Year Share Buyback Ratio is ranked worse than 50.08% of 593
companies
in the REITs industry
Industry Median: -2.8
vs GLPI: -2.80
Gaming and Leisure Properties (NAS:GLPI) 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.
Gaming and Leisure Properties 3-Year Share Buyback Ratio Related Terms
GLPI vs LAMR, WY, RYN: 3-Year Share Buyback Ratio Comparison
For the REIT - Specialty subindustry, Gaming and Leisure Properties'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.
Gaming and Leisure Properties 3-Year Share Buyback Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Gaming and Leisure Properties's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Gaming and Leisure Properties's 3-Year Share Buyback Ratio falls into.
Gaming and Leisure Properties 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 -2.80 mean?
Gaming and Leisure Properties (GLPI) has a 3-Year Share Buyback Ratio of -2.80 as of Mar. 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 Gaming and Leisure Properties and its competitors. According to the industry distribution chart, Gaming and Leisure Properties ranks #297 out of 593 companies in the REITs industry, placing it in the top 50.1%.
Is Gaming and Leisure Properties' 3-Year Share Buyback Ratio too high?
Gaming and Leisure Properties' current 3-Year Share Buyback Ratio is -2.80. Based on the distribution chart, Gaming and Leisure Properties ranks #297 out of 593 companies in the REITs industry, which is below the industry midpoint. Overall, Gaming and Leisure Properties has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gaming and Leisure Properties' 3-Year Share Buyback Ratio compare to LAMR and WY?
According to the REITs industry distribution chart, Gaming and Leisure Properties ranks #297 out of 593 companies for 3-Year Share Buyback Ratio. This places Gaming and Leisure Properties 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 Gaming and Leisure Properties and its competitors. Gaming and Leisure Properties's current 3-Year Share Buyback Ratio is -2.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gaming and Leisure Properties stock overvalued right now?
Based on GuruFocus' analysis, Gaming and Leisure Properties (GLPI) is currently considered Modestly Undervalued. The stock's GF Value™ is $49.94, compared to a current price of $44.03 — trading 11.8% below its estimated fair value. The current 3-Year Share Buyback Ratio is -2.80. Gaming and Leisure Properties' overall GF Score™ is 86/100 with 5 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 Gaming and Leisure Properties (GLPI), the current 3-Year Share Buyback Ratio is -2.80 as of Mar. 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 Gaming and Leisure Properties (GLPI) Overvalued in 2026?
Based on GuruFocus' analysis, Gaming and Leisure Properties stock appears to be undervalued.
The current stock price of $44.03 is trading 11.8% below its estimated GF Value™ of $49.94.
GuruFocus considers Gaming and Leisure Properties to be Modestly Undervalued.
Key valuation signals for GLPI:
3-Year Share Buyback Ratio: -2.80
GF Value™: $49.94 vs. price of $44.03 (11.8% below fair value)
No single metric tells the full story. See the GLPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gaming and Leisure Properties Business Description
Gaming and Leisure Properties Inc, or GLP, is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). It is engaged in acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company also extends loans that produce fixed or variable returns, which may convert into leased rent upon project completion or stabilization. Its portfolio consists of gaming and related facilities and amenities such as Ameristar Black Hawk, Bally's Casino, Argosy Casino Alton, Bally's Chicago, Hollywood Casino Aurora, and others located across different states in the United States.
86GF Score
Get the complete analysis for GLPI
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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