Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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. IPG Photonics's current 3-Year Share Buyback Ratio was 4.30%.
The historical rank and industry rank for IPG Photonics's 3-Year Share Buyback Ratio or its related term are showing as below:
IPGP'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -3.7 Med: -0.4 Max: 7.1
Current: 4.3
During the past 13 years, IPG Photonics's highest 3-Year Share Buyback Ratio was 7.10%. The lowest was -3.70%. And the median was -0.40%.
IPGP's 3-Year Share Buyback Ratio is ranked better than 98.53% of 746
companies
in the Semiconductors industry
Industry Median: -1.4
vs IPGP: 4.30
IPG Photonics (NAS:IPGP) 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.
IPG Photonics 3-Year Share Buyback Ratio Related Terms
IPGP vs ACLS, UCTT, VECO: 3-Year Share Buyback Ratio Comparison
For the Semiconductor Equipment & Materials subindustry, IPG Photonics'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.
IPG Photonics 3-Year Share Buyback Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, IPG Photonics's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where IPG Photonics's 3-Year Share Buyback Ratio falls into.
IPG Photonics 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 4.30 mean?
IPG Photonics (IPGP) has a 3-Year Share Buyback Ratio of 4.30 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 IPG Photonics and its competitors. According to the industry distribution chart, IPG Photonics ranks #11 out of 746 companies in the Semiconductors industry, placing it in the top 1.5%.
Is IPG Photonics' 3-Year Share Buyback Ratio too high?
IPG Photonics' current 3-Year Share Buyback Ratio is 4.30. Based on the distribution chart, IPG Photonics ranks #11 out of 746 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, IPG Photonics has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IPG Photonics' 3-Year Share Buyback Ratio compare to ACLS and UCTT?
According to the Semiconductors industry distribution chart, IPG Photonics ranks #11 out of 746 companies for 3-Year Share Buyback Ratio. This places IPG Photonics 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 a Semiconductors company?
A good 3-Year Share Buyback Ratio depends on the Semiconductors 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 IPG Photonics and its competitors. IPG Photonics's current 3-Year Share Buyback Ratio is 4.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IPG Photonics stock overvalued right now?
Based on GuruFocus' analysis, IPG Photonics (IPGP) is currently considered Fairly Valued. The stock's GF Value™ is $85.66, compared to a current price of $84.94 — trading 0.8% below its estimated fair value. The current 3-Year Share Buyback Ratio is 4.30. IPG Photonics' overall GF Score™ is 82/100 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 IPG Photonics (IPGP), the current 3-Year Share Buyback Ratio is 4.30 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 IPG Photonics (IPGP) Overvalued in 2026?
Based on GuruFocus' analysis, IPG Photonics stock appears to be undervalued.
The current stock price of $84.94 is trading 0.8% below its estimated GF Value™ of $85.66.
GuruFocus considers IPG Photonics to be Fairly Valued.
Key valuation signals for IPGP:
3-Year Share Buyback Ratio: 4.30
GF Value™: $85.66 vs. price of $84.94 (0.8% below fair value)
No single metric tells the full story. See the IPGP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IPG Photonics Corp is a vertically integrated developer and manufacturer of high-performance fiber lasers, laser and non-laser systems, fiber amplifiers, diode lasers, and related optical components. Its products are used in diverse applications in the manufacturing, automotive, industrial, aerospace, semiconductor, and consumer end markets. The company sells its products globally to original equipment manufacturers (OEMs), system integrators, and end users. Additionally, it manufactures complementary products used with its lasers, including optical delivery cables, fiber couplers, beam switches, optical processing heads, in-line sensors, and chillers. Geographically, the company generates maximum revenue from North America, followed by China, Japan, Germany, and other markets.
82GF Score
Get the complete analysis for IPGP
3-Year Share Buyback Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
IPGP has been successfully added to your 
