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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. Summit Midstream's current 3-Year Share Buyback Ratio was -6.40%.
The historical rank and industry rank for Summit Midstream's 3-Year Share Buyback Ratio or its related term are showing as below:
SMC'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -19.3 Med: -6.4 Max: 43.6
Current: -6.4
During the past 13 years, Summit Midstream's highest 3-Year Share Buyback Ratio was 43.60%. The lowest was -19.30%. And the median was -6.40%.
SMC's 3-Year Share Buyback Ratio is ranked worse than 59.74% of 683
companies
in the Oil & Gas industry
Industry Median: -3.5
vs SMC: -6.40
Summit Midstream (NYSE:SMC) 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.
Summit Midstream 3-Year Share Buyback Ratio Related Terms
SMC vs KNOP, WHK, IMPP: 3-Year Share Buyback Ratio Comparison
For the Oil & Gas Midstream subindustry, Summit Midstream'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.
Summit Midstream 3-Year Share Buyback Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Summit Midstream's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Summit Midstream's 3-Year Share Buyback Ratio falls into.
Summit Midstream 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 -6.40 mean?
Summit Midstream (SMC) has a 3-Year Share Buyback Ratio of -6.40 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 Summit Midstream and its competitors. According to the industry distribution chart, Summit Midstream ranks #408 out of 683 companies in the Oil & Gas industry, placing it in the top 59.7%.
Is Summit Midstream's 3-Year Share Buyback Ratio too high?
Summit Midstream's current 3-Year Share Buyback Ratio is -6.40. Based on the distribution chart, Summit Midstream ranks #408 out of 683 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Summit Midstream has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Summit Midstream's 3-Year Share Buyback Ratio compare to KNOP and WHK?
According to the Oil & Gas industry distribution chart, Summit Midstream ranks #408 out of 683 companies for 3-Year Share Buyback Ratio. This places Summit Midstream 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 Oil & Gas company?
A good 3-Year Share Buyback Ratio depends on the Oil & Gas 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 Summit Midstream and its competitors. Summit Midstream's current 3-Year Share Buyback Ratio is -6.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Summit Midstream stock overvalued right now?
Based on GuruFocus' analysis, Summit Midstream (SMC) is currently considered Modestly Overvalued. The stock's GF Value™ is $29.25, compared to a current price of $34.11 — trading 16.6% above its estimated fair value. The current 3-Year Share Buyback Ratio is -6.40. Summit Midstream's overall GF Score™ is 65/100 with 11 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 Summit Midstream (SMC), the current 3-Year Share Buyback Ratio is -6.40 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 Summit Midstream (SMC) Overvalued in 2026?
Based on GuruFocus' analysis, Summit Midstream stock appears to be overvalued.
The current stock price of $34.11 is trading 16.6% above its estimated GF Value™ of $29.25.
GuruFocus considers Summit Midstream to be Modestly Overvalued.
Key valuation signals for SMC:
3-Year Share Buyback Ratio: -6.40
GF Value™: $29.25 vs. price of $34.11 (16.6% above fair value)
No single metric tells the full story. See the SMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Summit Midstream Corp is a value-driven corporation focused on developing, owning and operating midstream energy infrastructure assets strategically located in unconventional resource basins, shale formations, in the continental U.S. It currently operates natural gas, crude oil and produced water gathering systems in various unconventional resource basins including the Williston Basin, DJ Basin, Barnett Shale, Piceance Basin, Permian Basin, and the Arkoma Basin. The company's reportable segments are: Rockies, Permian, Mid-Con, Piceance, and Northeast. Maximum revenue is generated from the Mid-Con segment. Summit generates revenue mainly from natural gas, NGLs, and condensate sales, and the provision of gathering and related services.
65GF Score
Get the complete analysis for SMC
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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