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.
SPS CommerceSPSC +4.37%84 3-Year Share Buyback Ratio is -1.20 as of Jun. 2026. GuruFocus rates SPSC with a GF Score™ of 84/100 and a GF Value™ of $181.43 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,131 Software companies, SPS Commerce ranks better than 53.68% 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. SPS Commerce's current 3-Year Share Buyback Ratio was -1.20%.
The historical rank and industry rank for SPS Commerce's 3-Year Share Buyback Ratio or its related term are showing as below:
SPSC'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -10.7 Med: -1.55 Max: -0.7
Current: -1.2
During the past 13 years, SPS Commerce's highest 3-Year Share Buyback Ratio was -0.70%. The lowest was -10.70%. And the median was -1.55%.
SPSC's 3-Year Share Buyback Ratio is ranked better than 53.68% of 2131
companies
in the Software industry
Industry Median: -1.6
vs SPSC: -1.20
SPS Commerce (NAS:SPSC) 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.
SPS Commerce 3-Year Share Buyback Ratio Related Terms
SPSC vs PLUS, PDFS, INTA: 3-Year Share Buyback Ratio Comparison
For the Software - Application subindustry, SPS Commerce'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.
SPS Commerce 3-Year Share Buyback Ratio vs Software Industry
For the Software industry and Technology sector, SPS Commerce's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where SPS Commerce's 3-Year Share Buyback Ratio falls into.
SPS Commerce 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 -1.20 mean?
SPS Commerce (SPSC) has a 3-Year Share Buyback Ratio of -1.20 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 SPS Commerce and its competitors. According to the industry distribution chart, SPS Commerce ranks #987 out of 2131 companies in the Software industry, placing it in the top 46.3%.
Is SPS Commerce's 3-Year Share Buyback Ratio too high?
SPS Commerce's current 3-Year Share Buyback Ratio is -1.20. Based on the distribution chart, SPS Commerce ranks #987 out of 2131 companies in the Software industry, which is above the industry midpoint. Overall, SPS Commerce has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SPS Commerce's 3-Year Share Buyback Ratio compare to PLUS and PDFS?
According to the Software industry distribution chart, SPS Commerce ranks #987 out of 2131 companies for 3-Year Share Buyback Ratio. This puts SPS Commerce in the upper 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 Software company?
A good 3-Year Share Buyback Ratio depends on the Software 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 SPS Commerce and its competitors. SPS Commerce's current 3-Year Share Buyback Ratio is -1.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPS Commerce stock overvalued right now?
Based on GuruFocus' analysis, SPS Commerce (SPSC) is currently considered Significantly Undervalued. The stock's GF Value™ is $181.43, compared to a current price of $80.80 — trading 55.5% below its estimated fair value. The current 3-Year Share Buyback Ratio is -1.20. SPS Commerce's overall GF Score™ is 84/100 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 SPS Commerce (SPSC), the current 3-Year Share Buyback Ratio is -1.20 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 SPS Commerce (SPSC) Overvalued in 2026?
Based on GuruFocus' analysis, SPS Commerce stock appears to be undervalued.
The current stock price of $80.80 is trading 55.5% below its estimated GF Value™ of $181.43.
GuruFocus considers SPS Commerce to be Significantly Undervalued.
Key valuation signals for SPSC:
3-Year Share Buyback Ratio: -1.20
GF Value™: $181.43 vs. price of $80.80 (55.5% below fair value)
No single metric tells the full story. See the SPSC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPS Commerce Inc is a provider of cloud-based supply chain management services for retailers, grocers, distributors, suppliers, and logistics firms to increase supply chain performance, optimize inventory levels and sell-through, reduce operational costs, improve order visibility, and satisfy consumer demands for a seamless omnichannel experience. Its solutions are delivered through the SPS Commerce platform and provide integrations and retail performance analytics to its customers. The company has one operating segment Supply Chain Management Solutions, that derives revenues from customers by providing access to cloud-based supply chain management services, primarily under subscription-based service arrangements.
84GF Score
Get the complete analysis for SPSC
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
SPSC has been successfully added to your 
