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Italgas SpAMIL:IG -0.32%79 3-Year Share Buyback Ratio is -5.60 as of Jun. 2026. GuruFocus rates MIL:IG with a GF Score™ of 79/100 and a GF Value™ of €7.90 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 230 Utilities - Regulated companies, Italgas SpA ranks worse than 79.57% 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. Italgas SpA's current 3-Year Share Buyback Ratio was -5.60%.
The historical rank and industry rank for Italgas SpA's 3-Year Share Buyback Ratio or its related term are showing as below:
MIL:IG'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -5.6 Med: 0 Max: 0
Current: -5.6
During the past 10 years, Italgas SpA's highest 3-Year Share Buyback Ratio was 0.00%. The lowest was -5.60%. And the median was 0.00%.
MIL:IG's 3-Year Share Buyback Ratio is ranked worse than 79.57% of 230
companies
in the Utilities - Regulated industry
Industry Median: -1.45
vs MIL:IG: -5.60
Italgas SpA (MIL:IG) 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.
Italgas SpA 3-Year Share Buyback Ratio Related Terms
MIL:IG vs ATO, NI, UGI: 3-Year Share Buyback Ratio Comparison
For the Utilities - Regulated Gas subindustry, Italgas SpA'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.
Italgas SpA 3-Year Share Buyback Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Italgas SpA's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Italgas SpA's 3-Year Share Buyback Ratio falls into.
Italgas SpA 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 -5.60 mean?
Italgas SpA (MIL:IG) has a 3-Year Share Buyback Ratio of -5.60 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 Italgas SpA and its competitors. According to the industry distribution chart, Italgas SpA ranks #183 out of 230 companies in the Utilities - Regulated industry, placing it in the top 79.6%.
Is Italgas SpA's 3-Year Share Buyback Ratio too high?
Italgas SpA's current 3-Year Share Buyback Ratio is -5.60. Based on the distribution chart, Italgas SpA ranks #183 out of 230 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Italgas SpA has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Italgas SpA's 3-Year Share Buyback Ratio compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Italgas SpA ranks #183 out of 230 companies for 3-Year Share Buyback Ratio. This places Italgas SpA 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 Italgas SpA and its competitors. Italgas SpA's current 3-Year Share Buyback Ratio is -5.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Italgas SpA stock overvalued right now?
Based on GuruFocus' analysis, Italgas SpA (MIL:IG) is currently considered Modestly Overvalued. The stock's GF Value™ is €7.90, compared to a current price of €8.60 — trading 8.9% above its estimated fair value. The current 3-Year Share Buyback Ratio is -5.60. Italgas SpA's overall GF Score™ is 79/100 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 Italgas SpA (MIL:IG), the current 3-Year Share Buyback Ratio is -5.60 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 Italgas SpA (MIL:IG) Overvalued in 2026?
Based on GuruFocus' analysis, Italgas SpA stock appears to be overvalued.
The current stock price of €8.60 is trading 8.9% above its estimated GF Value™ of €7.90.
GuruFocus considers Italgas SpA to be Modestly Overvalued.
Key valuation signals for MIL:IG:
3-Year Share Buyback Ratio: -5.60
GF Value™: €7.90 vs. price of €8.60 (8.9% above fair value)
No single metric tells the full story. See the MIL:IG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Italgas SpA is an Italy-based company engaged in the business of natural gas distribution. The distribution service consists of transporting gas through local pipeline networks, from points of delivery at the reduction and measurement stations interconnected with the transport networks up to the final delivery points to customers. In addition, the company is also engaged in metering activities, which consist of determining, gathering, making available, and archiving metering data on natural gas withdrawn over the distribution networks. It derives a majority of its revenue from natural gas distribution activity. The other activities of the company are the distribution and sale of water and providing technical, engineering, IT assistance, and other services.
79GF Score
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