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Steppe GoldTSX:STGO +1.07%73 3-Year Share Buyback Ratio is -53.40 as of Jun. 2026. GuruFocus rates TSX:STGO with a GF Score™ of 73/100 and a GF Value™ of C$1.17 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,172 Metals & Mining companies, Steppe Gold ranks worse than 83.89% 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. Steppe Gold's current 3-Year Share Buyback Ratio was -53.40%.
The historical rank and industry rank for Steppe Gold's 3-Year Share Buyback Ratio or its related term are showing as below:
TSX:STGO'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -53.8 Med: -18.1 Max: -2.9
Current: -53.4
During the past 10 years, Steppe Gold's highest 3-Year Share Buyback Ratio was -2.90%. The lowest was -53.80%. And the median was -18.10%.
TSX:STGO's 3-Year Share Buyback Ratio is ranked worse than 83.89% of 2172
companies
in the Metals & Mining industry
Industry Median: -17.75
vs TSX:STGO: -53.40
Steppe Gold (TSX:STGO) 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.
Steppe Gold 3-Year Share Buyback Ratio Related Terms
TSX:STGO vs NEM, AU: 3-Year Share Buyback Ratio Comparison
For the Gold subindustry, Steppe Gold'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.
Steppe Gold 3-Year Share Buyback Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Steppe Gold's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Steppe Gold's 3-Year Share Buyback Ratio falls into.
Steppe Gold 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 -53.40 mean?
Steppe Gold (TSX:STGO) has a 3-Year Share Buyback Ratio of -53.40 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 Steppe Gold and its competitors. According to the industry distribution chart, Steppe Gold ranks #1822 out of 2172 companies in the Metals & Mining industry, placing it in the top 83.9%.
Is Steppe Gold's 3-Year Share Buyback Ratio too high?
Steppe Gold's current 3-Year Share Buyback Ratio is -53.40. Based on the distribution chart, Steppe Gold ranks #1822 out of 2172 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Steppe Gold has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Steppe Gold's 3-Year Share Buyback Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Steppe Gold ranks #1822 out of 2172 companies for 3-Year Share Buyback Ratio. This places Steppe Gold 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 Metals & Mining company?
A good 3-Year Share Buyback Ratio depends on the Metals & Mining 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 Steppe Gold and its competitors. Steppe Gold's current 3-Year Share Buyback Ratio is -53.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steppe Gold stock overvalued right now?
Based on GuruFocus' analysis, Steppe Gold (TSX:STGO) is currently considered Significantly Overvalued. The stock's GF Value™ is C$1.17, compared to a current price of C$1.89 — trading 61.5% above its estimated fair value. The current 3-Year Share Buyback Ratio is -53.40. Steppe Gold's overall GF Score™ is 73/100 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 Steppe Gold (TSX:STGO), the current 3-Year Share Buyback Ratio is -53.40 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 Steppe Gold (TSX:STGO) Overvalued in 2026?
Based on GuruFocus' analysis, Steppe Gold stock appears to be overvalued.
The current stock price of C$1.89 is trading 61.5% above its estimated GF Value™ of C$1.17.
GuruFocus considers Steppe Gold to be Significantly Overvalued.
Key valuation signals for TSX:STGO:
3-Year Share Buyback Ratio: -53.40
GF Value™: C$1.17 vs. price of C$1.89 (61.5% above fair value)
No single metric tells the full story. See the TSX:STGO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steppe Gold Ltd is engaged in operating, developing, exploring, and acquiring precious metal projects in Mongolia. The company's commercially producing mine is the Altan Tsagaan Ovoo Property (the ATO Project, or ATO Gold Mine), located in Eastern Mongolia. In addition, it owns the Boroo and Ulaanbulag mines (together as the Boroo Project), and holds interest rights in the Uudam Khundii (UK) project in Mongolia. The company derives its revenue from the sale of gold and silver to banks in Mongolia at London Metal Exchange-based spot rates. A majority of its revenue is generated from the sale of gold.
73GF Score
Get the complete analysis for TSX:STGO
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