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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. Invesco Trust For Investment Grade New York Municipals's current 3-Year Share Buyback Ratio was 9.10%.
VTN's 3-Year Share Buyback Ratio is ranked better than 94.4% of 1142
companies
in the Asset Management industry
Industry Median: -0.8
vs VTN: 9.10
Invesco Trust For Investment Grade New York Municipals (NYSE:VTN) 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.
Invesco Trust For Investment Grade New York Municipals 3-Year Share Buyback Ratio Related Terms
VTN vs PCQ, EDF, NNY: 3-Year Share Buyback Ratio Comparison
For the Asset Management subindustry, Invesco Trust For Investment Grade New York Municipals'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.
Invesco Trust For Investment Grade New York Municipals 3-Year Share Buyback Ratio vs Asset Management Industry
Invesco Trust For Investment Grade New York Municipals 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 9.10 mean?
Invesco Trust For Investment Grade New York Municipals (VTN) has a 3-Year Share Buyback Ratio of 9.10 as of Feb. 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 Invesco Trust For Investment Grade New York Municipals and its competitors. According to the industry distribution chart, Invesco Trust For Investment Grade New York Municipals ranks #64 out of 1142 companies in the Asset Management industry, placing it in the top 5.6%.
Is Invesco Trust For Investment Grade New York Municipals' 3-Year Share Buyback Ratio too high?
Invesco Trust For Investment Grade New York Municipals' current 3-Year Share Buyback Ratio is 9.10. Based on the distribution chart, Invesco Trust For Investment Grade New York Municipals ranks #64 out of 1142 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Invesco Trust For Investment Grade New York Municipals has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Invesco Trust For Investment Grade New York Municipals' 3-Year Share Buyback Ratio compare to PCQ and EDF?
According to the Asset Management industry distribution chart, Invesco Trust For Investment Grade New York Municipals ranks #64 out of 1142 companies for 3-Year Share Buyback Ratio. This places Invesco Trust For Investment Grade New York Municipals in the top 6% of its industry — outperforming the majority of peers. 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 Asset Management company?
A good 3-Year Share Buyback Ratio depends on the Asset Management 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 Invesco Trust For Investment Grade New York Municipals and its competitors. Invesco Trust For Investment Grade New York Municipals's current 3-Year Share Buyback Ratio is 9.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Invesco Trust For Investment Grade New York Municipals stock overvalued right now?
Invesco Trust For Investment Grade New York Municipals (VTN) has a current 3-Year Share Buyback Ratio of 9.10. The current 3-Year Share Buyback Ratio is 9.10. Invesco Trust For Investment Grade New York Municipals' overall GF Score™ is 33/100 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 Invesco Trust For Investment Grade New York Municipals (VTN), the current 3-Year Share Buyback Ratio is 9.10 as of Feb. 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.
Invesco Trust For Investment Grade New York Municipals Business Description
Invesco Trust For Investment Grade New York Municipals is a diversified closed-end management investment company. Its objective is to provide common shareholders with a high level of current income exempt from federal as well as from New York State and New York City income taxes, consistent with preservation of capital.
33GF Score
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