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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. Merit Medical Systems's current 3-Year Share Buyback Ratio was -1.20%.
The historical rank and industry rank for Merit Medical Systems's 3-Year Share Buyback Ratio or its related term are showing as below:
MMSI'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -21.9 Med: -3.15 Max: -0.6
Current: -1.2
During the past 13 years, Merit Medical Systems's highest 3-Year Share Buyback Ratio was -0.60%. The lowest was -21.90%. And the median was -3.15%.
MMSI's 3-Year Share Buyback Ratio is ranked better than 59.64% of 612
companies
in the Medical Devices & Instruments industry
Industry Median: -2.6
vs MMSI: -1.20
Merit Medical Systems (NAS:MMSI) 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.
Merit Medical Systems 3-Year Share Buyback Ratio Related Terms
MMSI vs NVST, MMED, ICUI: 3-Year Share Buyback Ratio Comparison
For the Medical Instruments & Supplies subindustry, Merit Medical Systems'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.
Merit Medical Systems 3-Year Share Buyback Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Merit Medical Systems's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Merit Medical Systems's 3-Year Share Buyback Ratio falls into.
Merit Medical Systems 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 -1.20 mean?
Merit Medical Systems (MMSI) has a 3-Year Share Buyback Ratio of -1.20 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 Merit Medical Systems and its competitors. According to the industry distribution chart, Merit Medical Systems ranks #247 out of 612 companies in the Medical Devices & Instruments industry, placing it in the top 40.4%.
Is Merit Medical Systems' 3-Year Share Buyback Ratio too high?
Merit Medical Systems' current 3-Year Share Buyback Ratio is -1.20. Based on the distribution chart, Merit Medical Systems ranks #247 out of 612 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Merit Medical Systems has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Merit Medical Systems' 3-Year Share Buyback Ratio compare to NVST and MMED?
According to the Medical Devices & Instruments industry distribution chart, Merit Medical Systems ranks #247 out of 612 companies for 3-Year Share Buyback Ratio. This puts Merit Medical Systems in the upper 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 a Medical Devices & Instruments company?
A good 3-Year Share Buyback Ratio depends on the Medical Devices & Instruments 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 Merit Medical Systems and its competitors. Merit Medical Systems's current 3-Year Share Buyback Ratio is -1.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merit Medical Systems stock overvalued right now?
Based on GuruFocus' analysis, Merit Medical Systems (MMSI) is currently considered Fairly Valued. The stock's GF Value™ is $96.08, compared to a current price of $90.74 — trading 5.6% below its estimated fair value. The current 3-Year Share Buyback Ratio is -1.20. Merit Medical Systems' overall GF Score™ is 83/100 with 2 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 Merit Medical Systems (MMSI), the current 3-Year Share Buyback Ratio is -1.20 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 Merit Medical Systems (MMSI) Overvalued in 2026?
Based on GuruFocus' analysis, Merit Medical Systems stock appears to be undervalued.
The current stock price of $90.74 is trading 5.6% below its estimated GF Value™ of $96.08.
GuruFocus considers Merit Medical Systems to be Fairly Valued.
Key valuation signals for MMSI:
3-Year Share Buyback Ratio: -1.20
GF Value™: $96.08 vs. price of $90.74 (5.6% below fair value)
No single metric tells the full story. See the MMSI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merit Medical Systems Inc is a medical equipment company that develops and manufactures products for interventional cardiology, radiology, and endoscopy procedures. The firm reports two segments which are Cardiovascular and Endoscopy. The majority of the revenue is earned from the Cardiovascular segment which consists of cardiology and radiology medical device products that assist in diagnosing and treating coronary artery disease, peripheral vascular disease, and other non-vascular diseases and includes embolotherapeutic, cardiac rhythm management, electrophysiology, critical care, and interventional oncology and spine devices.
83GF Score
Get the complete analysis for MMSI
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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