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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. Harmony Gold Mining Co's current 3-Year Share Buyback Ratio was -0.40%.
The historical rank and industry rank for Harmony Gold Mining Co's 3-Year Share Buyback Ratio or its related term are showing as below:
HMY'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -38.5 Med: -2.4 Max: -0.1
Current: -0.4
During the past 13 years, Harmony Gold Mining Co's highest 3-Year Share Buyback Ratio was -0.10%. The lowest was -38.50%. And the median was -2.40%.
HMY's 3-Year Share Buyback Ratio is ranked better than 92.08% of 2171
companies
in the Metals & Mining industry
Industry Median: -17.8
vs HMY: -0.40
Harmony Gold Mining Co (NYSE:HMY) 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.
Harmony Gold Mining Co 3-Year Share Buyback Ratio Related Terms
HMY vs NEM, AU, RGLD: 3-Year Share Buyback Ratio Comparison
For the Gold subindustry, Harmony Gold Mining 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.
Harmony Gold Mining Co 3-Year Share Buyback Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Harmony Gold Mining Co's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Harmony Gold Mining Co's 3-Year Share Buyback Ratio falls into.
Harmony Gold Mining 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 -0.40 mean?
Harmony Gold Mining Co (HMY) has a 3-Year Share Buyback Ratio of -0.40 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 Harmony Gold Mining Co and its competitors. According to the industry distribution chart, Harmony Gold Mining Co ranks #172 out of 2171 companies in the Metals & Mining industry, placing it in the top 7.9%.
Is Harmony Gold Mining Co's 3-Year Share Buyback Ratio too high?
Harmony Gold Mining Co's current 3-Year Share Buyback Ratio is -0.40. Based on the distribution chart, Harmony Gold Mining Co ranks #172 out of 2171 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Harmony Gold Mining Co has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Harmony Gold Mining Co's 3-Year Share Buyback Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Harmony Gold Mining Co ranks #172 out of 2171 companies for 3-Year Share Buyback Ratio. This places Harmony Gold Mining Co in the top 8% 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 Metals & Mining company?
A good 3-Year Share Buyback Ratio depends on the Metals & Mining 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 Harmony Gold Mining Co and its competitors. Harmony Gold Mining Co's current 3-Year Share Buyback Ratio is -0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harmony Gold Mining Co stock overvalued right now?
Based on GuruFocus' analysis, Harmony Gold Mining Co (HMY) is currently considered Fairly Valued. The stock's GF Value™ is $19.22, compared to a current price of $20.27 — trading 5.5% above its estimated fair value. The current 3-Year Share Buyback Ratio is -0.40. Harmony Gold Mining Co's overall GF Score™ is 94/100 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 Harmony Gold Mining Co (HMY), the current 3-Year Share Buyback Ratio is -0.40 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 Harmony Gold Mining Co (HMY) Overvalued in 2026?
Based on GuruFocus' analysis, Harmony Gold Mining Co stock appears to be overvalued.
The current stock price of $20.27 is trading 5.5% above its estimated GF Value™ of $19.22.
GuruFocus considers Harmony Gold Mining Co to be Fairly Valued.
Key valuation signals for HMY:
3-Year Share Buyback Ratio: -0.40
GF Value™: $19.22 vs. price of $20.27 (5.5% above fair value)
No single metric tells the full story. See the HMY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harmony Gold Mining Co Ltd is engaged in gold mining and related activities, including exploration, extraction, and processing. The group's primary product is gold bullion, produced at operations in South Africa and Papua New Guinea. Gold byproducts include uranium and silver. Strategic projects such as the Wafi-Golpu Project in the New Guinea Mobile Belt, the Eva Copper Project in the Mt Isa Inlier, Queensland, Australia, and the MAC Copper acquisition position the company as a gold-copper producer. The company operates across South Africa, Papua New Guinea, and Australia.
94GF Score
Get the complete analysis for HMY
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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