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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. Black Hills's current 3-Year Share Buyback Ratio was -4.50%.
The historical rank and industry rank for Black Hills's 3-Year Share Buyback Ratio or its related term are showing as below:
MEX:BKH'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -11.7 Med: -3.4 Max: 0
Current: -4.5
During the past 13 years, Black Hills's highest 3-Year Share Buyback Ratio was 0.00%. The lowest was -11.70%. And the median was -3.40%.
MEX:BKH's 3-Year Share Buyback Ratio is ranked worse than 75.65% of 230
companies
in the Utilities - Regulated industry
Industry Median: -1.65
vs MEX:BKH: -4.50
Black Hills (MEX:BKH) 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.
Black Hills 3-Year Share Buyback Ratio Related Terms
MEX:BKH vs NJR, OGS, SR: 3-Year Share Buyback Ratio Comparison
For the Utilities - Regulated Gas subindustry, Black Hills'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.
Black Hills 3-Year Share Buyback Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Black Hills's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Black Hills's 3-Year Share Buyback Ratio falls into.
Black Hills 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 -4.50 mean?
Black Hills (MEX:BKH) has a 3-Year Share Buyback Ratio of -4.50 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 Black Hills and its competitors. According to the industry distribution chart, Black Hills ranks #174 out of 230 companies in the Utilities - Regulated industry, placing it in the top 75.7%.
Is Black Hills' 3-Year Share Buyback Ratio too high?
Black Hills' current 3-Year Share Buyback Ratio is -4.50. Based on the distribution chart, Black Hills ranks #174 out of 230 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Black Hills has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Black Hills' 3-Year Share Buyback Ratio compare to NJR and OGS?
According to the Utilities - Regulated industry distribution chart, Black Hills ranks #174 out of 230 companies for 3-Year Share Buyback Ratio. This places Black Hills 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 an Utilities - Regulated company?
A good 3-Year Share Buyback Ratio depends on the Utilities - Regulated 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 Black Hills and its competitors. Black Hills's current 3-Year Share Buyback Ratio is -4.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Hills stock overvalued right now?
Black Hills (MEX:BKH) has a current 3-Year Share Buyback Ratio of -4.50. The stock's GF Value™ is MXN919.31, compared to a current price of MXN1,089.00 — trading 18.5% above its estimated fair value. The current 3-Year Share Buyback Ratio is -4.50. Black Hills' overall GF Score™ is 76/100 with 9 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 Black Hills (MEX:BKH), the current 3-Year Share Buyback Ratio is -4.50 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 Black Hills (MEX:BKH) Overvalued in 2026?
Based on GuruFocus' analysis, Black Hills stock appears to be overvalued.
The current stock price of MXN1,089.00 is trading 18.5% above its estimated GF Value™ of MXN919.31.
Key valuation signals for MEX:BKH:
3-Year Share Buyback Ratio: -4.50
GF Value™: MXN919.31 vs. price of MXN1,089.00 (18.5% above fair value)
No single metric tells the full story. See the MEX:BKH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Black Hills Corp is a U.S.-based energy company that operates through its Electric Utilities and Gas Utilities segment. These segments operate in states in the Midwest and mountain regions in the U.S. The company's customers include residential, commercial, industrial, and municipal consumers. These customers are residential. Black Hills derives the majority of its revenue from its utility business group, specifically from gas utilities.
76GF Score
Get the complete analysis for MEX:BKH
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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