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.
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.
Pure CyclePCYO -1.29%74 3-Year Share Buyback Ratio is -0.10 as of May. 2026. GuruFocus rates PCYO with a GF Score™ of 74/100 and a GF Value™ of $14.50 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 229 Utilities - Regulated companies, Pure Cycle ranks better than 77.29% 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. Pure Cycle's current 3-Year Share Buyback Ratio was -0.10%.
The historical rank and industry rank for Pure Cycle's 3-Year Share Buyback Ratio or its related term are showing as below:
PCYO'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -32.4 Med: -0.15 Max: 0.4
Current: -0.1
During the past 13 years, Pure Cycle's highest 3-Year Share Buyback Ratio was 0.40%. The lowest was -32.40%. And the median was -0.15%.
PCYO's 3-Year Share Buyback Ratio is ranked better than 77.29% of 229
companies
in the Utilities - Regulated industry
Industry Median: -1.6
vs PCYO: -0.10
Pure Cycle (NAS:PCYO) 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.
Pure Cycle 3-Year Share Buyback Ratio Related Terms
PCYO vs CDZI, GWRS, ARTNA: 3-Year Share Buyback Ratio Comparison
For the Utilities - Regulated Water subindustry, Pure Cycle'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.
Pure Cycle 3-Year Share Buyback Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Pure Cycle's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Pure Cycle's 3-Year Share Buyback Ratio falls into.
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 -0.10 mean?
Pure Cycle (PCYO) has a 3-Year Share Buyback Ratio of -0.10 as of May. 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 Pure Cycle and its competitors. According to the industry distribution chart, Pure Cycle ranks #52 out of 229 companies in the Utilities - Regulated industry, placing it in the top 22.7%.
Is Pure Cycle's 3-Year Share Buyback Ratio too high?
Pure Cycle's current 3-Year Share Buyback Ratio is -0.10. Based on the distribution chart, Pure Cycle ranks #52 out of 229 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Pure Cycle has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pure Cycle's 3-Year Share Buyback Ratio compare to CDZI and GWRS?
According to the Utilities - Regulated industry distribution chart, Pure Cycle ranks #52 out of 229 companies for 3-Year Share Buyback Ratio. This places Pure Cycle in the top 23% 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 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 Pure Cycle and its competitors. Pure Cycle's current 3-Year Share Buyback Ratio is -0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pure Cycle stock overvalued right now?
Based on GuruFocus' analysis, Pure Cycle (PCYO) is currently considered Modestly Undervalued. The stock's GF Value™ is $14.50, compared to a current price of $11.52 — trading 20.6% below its estimated fair value. The current 3-Year Share Buyback Ratio is -0.10. Pure Cycle's overall GF Score™ is 74/100 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 Pure Cycle (PCYO), the current 3-Year Share Buyback Ratio is -0.10 as of May. 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 Pure Cycle (PCYO) Overvalued in 2026?
Based on GuruFocus' analysis, Pure Cycle stock appears to be undervalued.
The current stock price of $11.52 is trading 20.6% below its estimated GF Value™ of $14.50.
GuruFocus considers Pure Cycle to be Modestly Undervalued.
Key valuation signals for PCYO:
3-Year Share Buyback Ratio: -0.10
GF Value™: $14.50 vs. price of $11.52 (20.6% below fair value)
No single metric tells the full story. See the PCYO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pure Cycle Corp is a diversified land and water resource development company. The company designs, constructs, manages, operates, and maintains water and wastewater systems. The firm operates in three business segments namely Water and wastewater resource development, Land development, and the Single-Family Rental Segment. It generates maximum revenue from the Land development segment. The land resource development segment includes all the activities necessary to develop and sell finished lots.
74GF Score
Get the complete analysis for PCYO
3-Year Share Buyback Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PCYO has been successfully added to your 
