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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. Warner Bros. Discovery's current 3-Year Share Buyback Ratio was -0.70%.
The historical rank and industry rank for Warner Bros. Discovery's 3-Year Share Buyback Ratio or its related term are showing as below:
XSWX:WBD'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -71.1 Med: -0.4 Max: 17.7
Current: -0.7
During the past 13 years, Warner Bros. Discovery's highest 3-Year Share Buyback Ratio was 17.70%. The lowest was -71.10%. And the median was -0.40%.
XSWX:WBD's 3-Year Share Buyback Ratio is ranked better than 54.36% of 631
companies
in the Media - Diversified industry
Industry Median: -1
vs XSWX:WBD: -0.70
Warner Bros. Discovery (XSWX:WBD) 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.
Warner Bros. Discovery 3-Year Share Buyback Ratio Related Terms
XSWX:WBD vs LYV, FWONA, FOXA: 3-Year Share Buyback Ratio Comparison
For the Entertainment subindustry, Warner Bros. Discovery'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.
Warner Bros. Discovery 3-Year Share Buyback Ratio vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Warner Bros. Discovery's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Warner Bros. Discovery's 3-Year Share Buyback Ratio falls into.
Warner Bros. Discovery 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 -0.70 mean?
Warner Bros. Discovery (XSWX:WBD) has a 3-Year Share Buyback Ratio of -0.70 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 Warner Bros. Discovery and its competitors. According to the industry distribution chart, Warner Bros. Discovery ranks #288 out of 631 companies in the Media - Diversified industry, placing it in the top 45.6%.
Is Warner Bros. Discovery's 3-Year Share Buyback Ratio too high?
Warner Bros. Discovery's current 3-Year Share Buyback Ratio is -0.70. Based on the distribution chart, Warner Bros. Discovery ranks #288 out of 631 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Warner Bros. Discovery has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Warner Bros. Discovery's 3-Year Share Buyback Ratio compare to LYV and FWONA?
According to the Media - Diversified industry distribution chart, Warner Bros. Discovery ranks #288 out of 631 companies for 3-Year Share Buyback Ratio. This puts Warner Bros. Discovery 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 Media - Diversified company?
A good 3-Year Share Buyback Ratio depends on the Media - Diversified 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 Warner Bros. Discovery and its competitors. Warner Bros. Discovery's current 3-Year Share Buyback Ratio is -0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Warner Bros. Discovery stock overvalued right now?
Warner Bros. Discovery (XSWX:WBD) has a current 3-Year Share Buyback Ratio of -0.70. The stock's GF Value™ is CHF7.49, compared to a current price of CHF21.44 — trading 186.2% above its estimated fair value. The current 3-Year Share Buyback Ratio is -0.70. Warner Bros. Discovery's overall GF Score™ is 65/100 with 7 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 Warner Bros. Discovery (XSWX:WBD), the current 3-Year Share Buyback Ratio is -0.70 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 Warner Bros. Discovery (XSWX:WBD) Overvalued in 2026?
Based on GuruFocus' analysis, Warner Bros. Discovery stock appears to be overvalued.
The current stock price of CHF21.44 is trading 186.2% above its estimated GF Value™ of CHF7.49.
Key valuation signals for XSWX:WBD:
3-Year Share Buyback Ratio: -0.70
GF Value™: CHF7.49 vs. price of CHF21.44 (186.2% above fair value)
No single metric tells the full story. See the XSWX:WBD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Warner Bros. Discovery operates in three segments: streaming, studios, and linear networks. The streaming business includes HBO Max, which is rapidly increasing its international footprint in addition to its major presence in the US. Studios include industry leaders in both film and television, which produce movies and television series that are monetized in multiple ways, including theatrical release, sales to third parties, and feeding into Warner's own platforms. Global networks consist of basic cable networks like CNN, TNT, TBS, Discovery, HGTV, and The Food Network. The Discovery+ streaming service will remain part of global networks.
65GF Score
Get the complete analysis for XSWX:WBD
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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