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Ovation ScienceOVATF 3-Year Share Buyback Ratio is -9.40 as of Mar. 2026. The stock has 4 warning signs investors should review. Among 645 Drug Manufacturers companies, Ovation Science ranks worse than 73.02% 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. Ovation Science's current 3-Year Share Buyback Ratio was -9.40%.
The historical rank and industry rank for Ovation Science's 3-Year Share Buyback Ratio or its related term are showing as below:
OVATF'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -9.4 Med: -8.2 Max: -4.9
Current: -9.4
During the past 9 years, Ovation Science's highest 3-Year Share Buyback Ratio was -4.90%. The lowest was -9.40%. And the median was -8.20%.
OVATF's 3-Year Share Buyback Ratio is ranked worse than 73.02% of 645
companies
in the Drug Manufacturers industry
Industry Median: -1.9
vs OVATF: -9.40
Ovation Science (OTCPK:OVATF) 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.
Ovation Science 3-Year Share Buyback Ratio Related Terms
OVATF vs ZTS, UTHR: 3-Year Share Buyback Ratio Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, Ovation Science'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.
Ovation Science 3-Year Share Buyback Ratio vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Ovation Science's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Ovation Science's 3-Year Share Buyback Ratio falls into.
Ovation Science 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 -9.40 mean?
Ovation Science (OVATF) has a 3-Year Share Buyback Ratio of -9.40 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 Ovation Science and its competitors. According to the industry distribution chart, Ovation Science ranks #471 out of 645 companies in the Drug Manufacturers industry, placing it in the top 73%.
Is Ovation Science's 3-Year Share Buyback Ratio too high?
Ovation Science's current 3-Year Share Buyback Ratio is -9.40. Based on the distribution chart, Ovation Science ranks #471 out of 645 companies in the Drug Manufacturers industry, which is below the industry midpoint.
How does Ovation Science's 3-Year Share Buyback Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Ovation Science ranks #471 out of 645 companies for 3-Year Share Buyback Ratio. This places Ovation Science 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 a Drug Manufacturers company?
A good 3-Year Share Buyback Ratio depends on the Drug Manufacturers 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 Ovation Science and its competitors. Ovation Science's current 3-Year Share Buyback Ratio is -9.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ovation Science stock overvalued right now?
Ovation Science (OVATF) has a current 3-Year Share Buyback Ratio of -9.40. The stock's GF Value™ is $0.04, compared to a current price of $0.04 — trading 12.5% below its estimated fair value. The current 3-Year Share Buyback Ratio is -9.40. 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 Ovation Science (OVATF), the current 3-Year Share Buyback Ratio is -9.40 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.
Ovation Science Inc. is a Canada-based company mainly engaged in the business of providing topical and transdermal cannabis products under the Ovation brand label, utilizing patented Invisicare delivery technology. The Company operates in one reportable operating segment, the sub-licensing and sales of cannabis products that utilize Invisicare, a patented polymer-based technology for topical and transdermal skin care products.
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