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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. Western Asset Invstm Grd Dfnd Opp Tr's current 3-Year Share Buyback Ratio was 17.90%.
The historical rank and industry rank for Western Asset Invstm Grd Dfnd Opp Tr's 3-Year Share Buyback Ratio or its related term are showing as below:
IGI'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -0.1 Med: 0 Max: 17.9
Current: 17.9
During the past 9 years, Western Asset Invstm Grd Dfnd Opp Tr's highest 3-Year Share Buyback Ratio was 17.90%. The lowest was -0.10%. And the median was 0.00%.
IGI's 3-Year Share Buyback Ratio is ranked better than 98.42% of 1136
companies
in the Asset Management industry
Industry Median: -0.8
vs IGI: 17.90
Western Asset Invstm Grd Dfnd Opp Tr (NYSE:IGI) 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.
Western Asset Invstm Grd Dfnd Opp Tr 3-Year Share Buyback Ratio Related Terms
IGI vs RMI, BCIC, IAE: 3-Year Share Buyback Ratio Comparison
For the Asset Management subindustry, Western Asset Invstm Grd Dfnd Opp Tr'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.
Western Asset Invstm Grd Dfnd Opp Tr 3-Year Share Buyback Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Western Asset Invstm Grd Dfnd Opp Tr's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Western Asset Invstm Grd Dfnd Opp Tr's 3-Year Share Buyback Ratio falls into.
Western Asset Invstm Grd Dfnd Opp Tr 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 17.90 mean?
Western Asset Invstm Grd Dfnd Opp Tr (IGI) has a 3-Year Share Buyback Ratio of 17.90 as of May. 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 Western Asset Invstm Grd Dfnd Opp Tr and its competitors. According to the industry distribution chart, Western Asset Invstm Grd Dfnd Opp Tr ranks #18 out of 1136 companies in the Asset Management industry, placing it in the top 1.6%.
Is Western Asset Invstm Grd Dfnd Opp Tr's 3-Year Share Buyback Ratio too high?
Western Asset Invstm Grd Dfnd Opp Tr's current 3-Year Share Buyback Ratio is 17.90. Based on the distribution chart, Western Asset Invstm Grd Dfnd Opp Tr ranks #18 out of 1136 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Western Asset Invstm Grd Dfnd Opp Tr has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Western Asset Invstm Grd Dfnd Opp Tr's 3-Year Share Buyback Ratio compare to RMI and BCIC?
According to the Asset Management industry distribution chart, Western Asset Invstm Grd Dfnd Opp Tr ranks #18 out of 1136 companies for 3-Year Share Buyback Ratio. This places Western Asset Invstm Grd Dfnd Opp Tr in the top 2% 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 Asset Management company?
A good 3-Year Share Buyback Ratio depends on the Asset Management 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 Western Asset Invstm Grd Dfnd Opp Tr and its competitors. Western Asset Invstm Grd Dfnd Opp Tr's current 3-Year Share Buyback Ratio is 17.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Asset Invstm Grd Dfnd Opp Tr stock overvalued right now?
Western Asset Invstm Grd Dfnd Opp Tr (IGI) has a current 3-Year Share Buyback Ratio of 17.90. The current 3-Year Share Buyback Ratio is 17.90. Western Asset Invstm Grd Dfnd Opp Tr's overall GF Score™ is 32/100 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 Western Asset Invstm Grd Dfnd Opp Tr (IGI), the current 3-Year Share Buyback Ratio is 17.90 as of May. 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.
Western Asset Invstm Grd Dfnd Opp Tr Inc operates as a non-diversified closed-end management investment company. Its primary investment objective is to provide current income and then liquidate & distribute substantially all of the Fund's net assets to stockholders. As a secondary investment objective, the Fund will seek capital appreciation. The Fund seeks to achieve its investment objectives by investing at least 80% of its net assets in investment-grade corporate fixed-income securities of varying maturities.
32GF Score
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