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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. Shoals Technologies Group's current 3-Year Share Buyback Ratio was -6.70%.
The historical rank and industry rank for Shoals Technologies Group's 3-Year Share Buyback Ratio or its related term are showing as below:
SHLS'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -23.2 Med: -14.2 Max: -6.7
Current: -6.7
During the past 8 years, Shoals Technologies Group's highest 3-Year Share Buyback Ratio was -6.70%. The lowest was -23.20%. And the median was -14.20%.
SHLS's 3-Year Share Buyback Ratio is ranked worse than 76.99% of 752
companies
in the Semiconductors industry
Industry Median: -1.4
vs SHLS: -6.70
Shoals Technologies Group (NAS:SHLS) 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.
Shoals Technologies Group 3-Year Share Buyback Ratio Related Terms
SHLS vs CSIQ, ARRY, RUN: 3-Year Share Buyback Ratio Comparison
For the Solar subindustry, Shoals Technologies Group'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.
Shoals Technologies Group 3-Year Share Buyback Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Shoals Technologies Group's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Shoals Technologies Group's 3-Year Share Buyback Ratio falls into.
Shoals Technologies Group 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 -6.70 mean?
Shoals Technologies Group (SHLS) has a 3-Year Share Buyback Ratio of -6.70 as of Jun. 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 Shoals Technologies Group and its competitors. According to the industry distribution chart, Shoals Technologies Group ranks #579 out of 752 companies in the Semiconductors industry, placing it in the top 77%.
Is Shoals Technologies Group's 3-Year Share Buyback Ratio too high?
Shoals Technologies Group's current 3-Year Share Buyback Ratio is -6.70. Based on the distribution chart, Shoals Technologies Group ranks #579 out of 752 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Shoals Technologies Group has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shoals Technologies Group's 3-Year Share Buyback Ratio compare to CSIQ and ARRY?
According to the Semiconductors industry distribution chart, Shoals Technologies Group ranks #579 out of 752 companies for 3-Year Share Buyback Ratio. This places Shoals Technologies Group 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 Semiconductors company?
A good 3-Year Share Buyback Ratio depends on the Semiconductors 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 Shoals Technologies Group and its competitors. Shoals Technologies Group's current 3-Year Share Buyback Ratio is -6.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shoals Technologies Group stock overvalued right now?
Based on GuruFocus' analysis, Shoals Technologies Group (SHLS) is currently considered Modestly Undervalued. The stock's GF Value™ is $9.97, compared to a current price of $7.14 — trading 28.4% below its estimated fair value. The current 3-Year Share Buyback Ratio is -6.70. Shoals Technologies Group's overall GF Score™ is 85/100 with 6 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 Shoals Technologies Group (SHLS), the current 3-Year Share Buyback Ratio is -6.70 as of Jun. 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 Shoals Technologies Group (SHLS) Overvalued in 2026?
Based on GuruFocus' analysis, Shoals Technologies Group stock appears to be undervalued.
The current stock price of $7.14 is trading 28.4% below its estimated GF Value™ of $9.97.
GuruFocus considers Shoals Technologies Group to be Modestly Undervalued.
Key valuation signals for SHLS:
3-Year Share Buyback Ratio: -6.70
GF Value™: $9.97 vs. price of $7.14 (28.4% below fair value)
No single metric tells the full story. See the SHLS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shoals Technologies Group is a provider of electrical balance of system solutions for solar energy projects, primarily in the United States. EBOS encompasses components that are necessary to carry electric current produced by solar panels to an inverter. The products are sold principally to engineering, procurement, and construction firms that build solar energy projects.
85GF 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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