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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. Mutual Benefits Assurance's current 3-Year Share Buyback Ratio was 26.40%.
The historical rank and industry rank for Mutual Benefits Assurance's 3-Year Share Buyback Ratio or its related term are showing as below:
NSA:MBAS'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -35.9 Med: -11.8 Max: 26.4
Current: 26.4
During the past 11 years, Mutual Benefits Assurance's highest 3-Year Share Buyback Ratio was 26.40%. The lowest was -35.90%. And the median was -11.80%.
NSA:MBAS's 3-Year Share Buyback Ratio is ranked better than 99.64% of 278
companies
in the Insurance industry
Industry Median: -0.1
vs NSA:MBAS: 26.40
Mutual Benefits Assurance (NSA:MBAS) 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.
Mutual Benefits Assurance 3-Year Share Buyback Ratio Related Terms
NSA:MBAS vs BRK.A, AIG, HIG: 3-Year Share Buyback Ratio Comparison
For the Insurance - Diversified subindustry, Mutual Benefits Assurance'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.
Mutual Benefits Assurance 3-Year Share Buyback Ratio vs Insurance Industry
For the Insurance industry and Financial Services sector, Mutual Benefits Assurance's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Mutual Benefits Assurance's 3-Year Share Buyback Ratio falls into.
Mutual Benefits Assurance 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 26.40 mean?
Mutual Benefits Assurance (NSA:MBAS) has a 3-Year Share Buyback Ratio of 26.40 as of Dec. 2025. 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 Mutual Benefits Assurance and its competitors. According to the industry distribution chart, Mutual Benefits Assurance ranks #1 out of 278 companies in the Insurance industry, placing it in the top 0.40000000000001%.
Is Mutual Benefits Assurance's 3-Year Share Buyback Ratio too high?
Mutual Benefits Assurance's current 3-Year Share Buyback Ratio is 26.40. Based on the distribution chart, Mutual Benefits Assurance ranks #1 out of 278 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Mutual Benefits Assurance has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mutual Benefits Assurance's 3-Year Share Buyback Ratio compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Mutual Benefits Assurance ranks #1 out of 278 companies for 3-Year Share Buyback Ratio. This places Mutual Benefits Assurance in the top 0% 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 Insurance company?
A good 3-Year Share Buyback Ratio depends on the Insurance 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 Mutual Benefits Assurance and its competitors. Mutual Benefits Assurance's current 3-Year Share Buyback Ratio is 26.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mutual Benefits Assurance stock overvalued right now?
Based on GuruFocus' analysis, Mutual Benefits Assurance (NSA:MBAS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦1.42, compared to a current price of ₦3.67 — trading 158.5% above its estimated fair value. The current 3-Year Share Buyback Ratio is 26.40. Mutual Benefits Assurance's overall GF Score™ is 45/100 with 1 warning sign 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 Mutual Benefits Assurance (NSA:MBAS), the current 3-Year Share Buyback Ratio is 26.40 as of Dec. 2025. 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 Mutual Benefits Assurance (NSA:MBAS) Overvalued in 2026?
Based on GuruFocus' analysis, Mutual Benefits Assurance stock appears to be overvalued.
The current stock price of ₦3.67 is trading 158.5% above its estimated GF Value™ of ₦1.42.
GuruFocus considers Mutual Benefits Assurance to be Significantly Overvalued.
Key valuation signals for NSA:MBAS:
3-Year Share Buyback Ratio: 26.40
GF Value™: ₦1.42 vs. price of ₦3.67 (158.5% above fair value)
No single metric tells the full story. See the NSA:MBAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mutual Benefits Assurance PLC is a financial and wealth protection company in Nigeria. The principal objective of the Company is to render qualitative life related insurance & risks management services. It is a premium provider of life insurance, annuity and investment products and services. It has four reportable operating segments; assurance business, real estate, microfinance bank, and oil and gas exploration and production. The majority of revenue comes from Assurance business which covers the protection of customers' assets (Particularly their properties, both for personal and commercial business) and indemnification of other parties that have suffered damage as a result of customers accident. It has presence in Nigeria, and Liberia.
45GF Score
Get the complete analysis for NSA:MBAS
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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