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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. ZTO Express (Cayman)'s current 3-Year Share Buyback Ratio was 1.00%.
The historical rank and industry rank for ZTO Express (Cayman)'s 3-Year Share Buyback Ratio or its related term are showing as below:
ZTO'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -8.3 Med: -1.4 Max: 1
Current: 1
During the past 12 years, ZTO Express (Cayman)'s highest 3-Year Share Buyback Ratio was 1.00%. The lowest was -8.30%. And the median was -1.40%.
ZTO's 3-Year Share Buyback Ratio is ranked better than 81.06% of 528
companies
in the Transportation industry
Industry Median: -0.5
vs ZTO: 1.00
ZTO Express (Cayman) (NYSE:ZTO) 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.
ZTO Express (Cayman) 3-Year Share Buyback Ratio Related Terms
ZTO vs CHRW, EXPD, FDXF: 3-Year Share Buyback Ratio Comparison
For the Integrated Freight & Logistics subindustry, ZTO Express (Cayman)'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.
ZTO Express (Cayman) 3-Year Share Buyback Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, ZTO Express (Cayman)'s 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where ZTO Express (Cayman)'s 3-Year Share Buyback Ratio falls into.
ZTO Express (Cayman) 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 1.00 mean?
ZTO Express (Cayman) (ZTO) has a 3-Year Share Buyback Ratio of 1.00 as of Mar. 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 ZTO Express (Cayman) and its competitors. According to the industry distribution chart, ZTO Express (Cayman) ranks #100 out of 528 companies in the Transportation industry, placing it in the top 18.9%.
Is ZTO Express (Cayman)'s 3-Year Share Buyback Ratio too high?
ZTO Express (Cayman)'s current 3-Year Share Buyback Ratio is 1.00. Based on the distribution chart, ZTO Express (Cayman) ranks #100 out of 528 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, ZTO Express (Cayman) has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ZTO Express (Cayman)'s 3-Year Share Buyback Ratio compare to CHRW and EXPD?
According to the Transportation industry distribution chart, ZTO Express (Cayman) ranks #100 out of 528 companies for 3-Year Share Buyback Ratio. This places ZTO Express (Cayman) in the top 19% 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 a Transportation company?
A good 3-Year Share Buyback Ratio depends on the Transportation 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 ZTO Express (Cayman) and its competitors. ZTO Express (Cayman)'s current 3-Year Share Buyback Ratio is 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZTO Express (Cayman) stock overvalued right now?
Based on GuruFocus' analysis, ZTO Express (Cayman) (ZTO) is currently considered Modestly Undervalued. The stock's GF Value™ is $30.39, compared to a current price of $23.60 — trading 22.3% below its estimated fair value. The current 3-Year Share Buyback Ratio is 1.00. ZTO Express (Cayman)'s overall GF Score™ is 96/100 with 3 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 ZTO Express (Cayman) (ZTO), the current 3-Year Share Buyback Ratio is 1.00 as of Mar. 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 ZTO Express (Cayman) (ZTO) Overvalued in 2026?
Based on GuruFocus' analysis, ZTO Express (Cayman) stock appears to be undervalued.
The current stock price of $23.60 is trading 22.3% below its estimated GF Value™ of $30.39.
GuruFocus considers ZTO Express (Cayman) to be Modestly Undervalued.
Key valuation signals for ZTO:
3-Year Share Buyback Ratio: 1.00
GF Value™: $30.39 vs. price of $23.60 (22.3% below fair value)
No single metric tells the full story. See the ZTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ZTO Express is China's largest express delivery company by parcel volume, with a volume share of 19.4% in 2024. It operates a network partner model where it provides line-haul transportation and sorting services, while its local network partners provide first-mile pickup and last-mile delivery services under the ZTO brand name. Headquartered in Shanghai, the company was founded in 2002 by Meisong Lai, who remains chair, CEO, and its major shareholder with 78% voting rights as of March 31, 2025. ZTO's strategic shareholder is leading China e-commerce company Alibaba Group with around an 8.9% interest.
96GF Score
Get the complete analysis for ZTO
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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