PCF (Highome Securities Fund) 3-Year Share Buyback Ratio: -1.30% (As of Feb. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

PCF High Income Securities Fund PCF
32 GF Score
Price $5.51
! 1 Warning Sign
View Full Analysis

What is Highome Securities Fund 3-Year Share Buyback Ratio?

Highome Securities Fund PCF -1.08% 32 3-Year Share Buyback Ratio is -1.30 as of Feb. 2026. GuruFocus rates PCF with a GF Score™ of 32/100. The stock has 1 warning sign investors should review. Among 1,144 Asset Management companies, Highome Securities Fund ranks worse than 53.32% 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. Highome Securities Fund's current 3-Year Share Buyback Ratio was -1.30%.

The historical rank and industry rank for Highome Securities Fund's 3-Year Share Buyback Ratio or its related term are showing as below:

PCF' s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -46.6   Med: -22.95   Max: 24.6
Current: -1.3

During the past 9 years, Highome Securities Fund's highest 3-Year Share Buyback Ratio was 24.60%. The lowest was -46.60%. And the median was -22.95%.

PCF's 3-Year Share Buyback Ratio is ranked worse than
53.32% of 1144 companies
in the Asset Management industry
Industry Median: -0.8 vs PCF: -1.30

Highome Securities Fund (NYSE:PCF) 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.


Highome Securities Fund 3-Year Share Buyback Ratio Related Terms


PCF vs ENDI, HSDT, PGP: 3-Year Share Buyback Ratio Comparison

For the Asset Management subindustry, Highome Securities Fund'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.


Highome Securities Fund 3-Year Share Buyback Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Highome Securities Fund's 3-Year Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Highome Securities Fund's 3-Year Share Buyback Ratio falls into.


PCF
32GF Score
High Income Securities Fund PCF
3-Year Share Buyback Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Highome Securities Fund 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 -1.30 mean?
Highome Securities Fund (PCF) has a 3-Year Share Buyback Ratio of -1.30 as of Feb. 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 Highome Securities Fund and its competitors. According to the industry distribution chart, Highome Securities Fund ranks #610 out of 1144 companies in the Asset Management industry, placing it in the top 53.3%.
Is Highome Securities Fund's 3-Year Share Buyback Ratio too high?
Highome Securities Fund's current 3-Year Share Buyback Ratio is -1.30. Based on the distribution chart, Highome Securities Fund ranks #610 out of 1144 companies in the Asset Management industry, which is below the industry midpoint. Overall, Highome Securities Fund has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Highome Securities Fund's 3-Year Share Buyback Ratio compare to ENDI and HSDT?
According to the Asset Management industry distribution chart, Highome Securities Fund ranks #610 out of 1144 companies for 3-Year Share Buyback Ratio. This places Highome Securities Fund 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 Asset Management company?
A good 3-Year Share Buyback Ratio depends on the Asset Management 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 Highome Securities Fund and its competitors. Highome Securities Fund's current 3-Year Share Buyback Ratio is -1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Highome Securities Fund stock overvalued right now?
Highome Securities Fund (PCF) has a current 3-Year Share Buyback Ratio of -1.30. The current 3-Year Share Buyback Ratio is -1.30. Highome Securities Fund's overall GF Score™ is 32/100 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 Highome Securities Fund (PCF), the current 3-Year Share Buyback Ratio is -1.30 as of Feb. 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.

Highome Securities Fund Business Description

Address 615 East Michigan Street, Milwaukee, WI, USA, 53202
High Income Securities Fund is a closed-end management investment company. Its primary objective is to provide high current income and capital appreciation is the secondary objective. The Fund pursues its objective mainly by investing in both convertible bonds and convertible preferred stocks. The Fund also invests significantly in high-yielding non-convertible securities with the potential for capital appreciation.
32GF Score

Get the complete analysis for PCF

3-Year Share Buyback Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$5.51
Price