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Howmet AerospaceHWM +1.45%82 3-Year Share Buyback Ratio is 0.90 as of Mar. 2026, which is 31% below its 10-year median of 1.30. GuruFocus rates HWM with a GF Score™ of 82/100 and a GF Value™ of $141.87 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 228 Aerospace & Defense companies, Howmet Aerospace ranks better than 92.11% 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. Howmet Aerospace's current 3-Year Share Buyback Ratio was 0.90%.
The historical rank and industry rank for Howmet Aerospace's 3-Year Share Buyback Ratio or its related term are showing as below:
HWM'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -3.3 Med: 1.3 Max: 4.4
Current: 0.9
During the past 12 years, Howmet Aerospace's highest 3-Year Share Buyback Ratio was 4.40%. The lowest was -3.30%. And the median was 1.30%.
HWM's 3-Year Share Buyback Ratio is ranked better than 92.11% of 228
companies
in the Aerospace & Defense industry
Industry Median: -3.5
vs HWM: 0.90
Howmet Aerospace (NYSE:HWM) 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.
Howmet Aerospace 3-Year Share Buyback Ratio Related Terms
HWM vs GD, LMT, NOC: 3-Year Share Buyback Ratio Comparison
For the Aerospace & Defense subindustry, Howmet Aerospace'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.
Howmet Aerospace 3-Year Share Buyback Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Howmet Aerospace's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Howmet Aerospace's 3-Year Share Buyback Ratio falls into.
Howmet Aerospace 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 0.90 mean?
Howmet Aerospace (HWM) has a 3-Year Share Buyback Ratio of 0.90 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 Howmet Aerospace and its competitors. This is 31% below median its historical median of 1.30. According to the industry distribution chart, Howmet Aerospace ranks #18 out of 228 companies in the Aerospace & Defense industry, placing it in the top 7.9%.
Is Howmet Aerospace's 3-Year Share Buyback Ratio too high?
Howmet Aerospace's current 3-Year Share Buyback Ratio of 0.90 is 31% below median its 10-year median of 1.30. Based on the distribution chart, Howmet Aerospace ranks #18 out of 228 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Howmet Aerospace has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Howmet Aerospace's 3-Year Share Buyback Ratio compare to GD and LMT?
According to the Aerospace & Defense industry distribution chart, Howmet Aerospace ranks #18 out of 228 companies for 3-Year Share Buyback Ratio. This places Howmet Aerospace 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 an Aerospace & Defense company?
A good 3-Year Share Buyback Ratio depends on the Aerospace & Defense 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 Howmet Aerospace and its competitors. Howmet Aerospace's current 3-Year Share Buyback Ratio is 0.90, which is 31% below median its own 10-year median of 1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Howmet Aerospace stock overvalued right now?
Based on GuruFocus' analysis, Howmet Aerospace (HWM) is currently considered Significantly Overvalued. The stock's GF Value™ is $141.87, compared to a current price of $286.34 — trading 101.8% above its estimated fair value. The current 3-Year Share Buyback Ratio is 0.90, which is 31% below median its 10-year median of 1.30. Howmet Aerospace's overall GF Score™ is 82/100 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 Howmet Aerospace (HWM), the current 3-Year Share Buyback Ratio is 0.90 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 Howmet Aerospace (HWM) Overvalued in 2026?
Based on GuruFocus' analysis, Howmet Aerospace stock appears to be overvalued.
The current stock price of $286.34 is trading 101.8% above its estimated GF Value™ of $141.87.
GuruFocus considers Howmet Aerospace to be Significantly Overvalued.
Key valuation signals for HWM:
3-Year Share Buyback Ratio: 0.90 (31% below median its 10-year median of 1.30)
GF Value™: $141.87 vs. price of $286.34 (101.8% above fair value)
No single metric tells the full story. See the HWM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Howmet Aerospace Inc offers engineered solutions for the aerospace and transportation industries. The company's products and solutions include investment castings for jet engines and industrial gas turbines; seamless rolled rings for jet engines; fastening systems for aerospace, industrial and commercial transportation applications; forged jet engine components (e.g., jet engine disks); machined and forged aircraft parts; and forged aluminum commercial vehicle wheels, all of which are sold directly to customers or through distributors. It has four reportable segments: Engine Products, which derives key revenue, Fastening Systems, Engineered Structures, and Forged Wheels. Geographically, the company derives maximum revenue from the USA, followed by France, Japan, Germany, and other markets.
82GF Score
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