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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. Royal Bank of Canada's current 3-Year Share Buyback Ratio was -0.30%.
The historical rank and industry rank for Royal Bank of Canada's 3-Year Share Buyback Ratio or its related term are showing as below:
RY'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -3.7 Med: 0.15 Max: 1.5
Current: -0.3
During the past 13 years, Royal Bank of Canada's highest 3-Year Share Buyback Ratio was 1.50%. The lowest was -3.70%. And the median was 0.15%.
RY's 3-Year Share Buyback Ratio is ranked worse than 51.92% of 1040
companies
in the Banks industry
Industry Median: -0.2
vs RY: -0.30
Royal Bank of Canada (NYSE:RY) 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.
Royal Bank of Canada 3-Year Share Buyback Ratio Related Terms
RY vs JPM, BAC, WFC: 3-Year Share Buyback Ratio Comparison
For the Banks - Diversified subindustry, Royal Bank of Canada'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.
Royal Bank of Canada 3-Year Share Buyback Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Royal Bank of Canada's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Royal Bank of Canada's 3-Year Share Buyback Ratio falls into.
Royal Bank of Canada 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 -0.30 mean?
Royal Bank of Canada (RY) has a 3-Year Share Buyback Ratio of -0.30 as of Apr. 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 Royal Bank of Canada and its competitors. According to the industry distribution chart, Royal Bank of Canada ranks #540 out of 1040 companies in the Banks industry, placing it in the top 51.9%.
Is Royal Bank of Canada's 3-Year Share Buyback Ratio too high?
Royal Bank of Canada's current 3-Year Share Buyback Ratio is -0.30. Based on the distribution chart, Royal Bank of Canada ranks #540 out of 1040 companies in the Banks industry, which is below the industry midpoint. Overall, Royal Bank of Canada has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Royal Bank of Canada's 3-Year Share Buyback Ratio compare to JPM and BAC?
According to the Banks industry distribution chart, Royal Bank of Canada ranks #540 out of 1040 companies for 3-Year Share Buyback Ratio. This places Royal Bank of Canada 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 Banks company?
A good 3-Year Share Buyback Ratio depends on the Banks 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 Royal Bank of Canada and its competitors. Royal Bank of Canada's current 3-Year Share Buyback Ratio is -0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royal Bank of Canada stock overvalued right now?
Based on GuruFocus' analysis, Royal Bank of Canada (RY) is currently considered Significantly Overvalued. The stock's GF Value™ is $150.74, compared to a current price of $211.45 — trading 40.3% above its estimated fair value. The current 3-Year Share Buyback Ratio is -0.30. Royal Bank of Canada's overall GF Score™ is 71/100 with 8 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 Royal Bank of Canada (RY), the current 3-Year Share Buyback Ratio is -0.30 as of Apr. 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 Royal Bank of Canada (RY) Overvalued in 2026?
Based on GuruFocus' analysis, Royal Bank of Canada stock appears to be overvalued.
The current stock price of $211.45 is trading 40.3% above its estimated GF Value™ of $150.74.
GuruFocus considers Royal Bank of Canada to be Significantly Overvalued.
Key valuation signals for RY:
3-Year Share Buyback Ratio: -0.30
GF Value™: $150.74 vs. price of $211.45 (40.3% above fair value)
No single metric tells the full story. See the RY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Royal Bank of Canada is one of the two largest banks in Canada, with around CAD 2.4 trillion in assets at the end of April 2026. It is a diversified financial services company, offering personal and commercial banking, wealth management, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada and has dominant market shares. RBC also has wealth and capital market businesses in the US, UK, and other countries. RBC is a top 15 investment bank globally.
71GF Score
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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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