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GuruFocus has detected 1 Warning Sign with Goldman Sachs Group Inc $GS.
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Goldman Sachs Group Inc (NYSE:GS)
3-Year Average Share Buyback Ratio
4.20 (As of Mar. 2017)

This is the average share buyback rate of the company over the past 3 years. A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

GS' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -9.1   Max: 6.7
Current: 4.2

-9.1
6.7

During the past 13 years, Goldman Sachs Group Inc's highest 3-Year Average Share Buyback Ratio was 6.70. The lowest was -9.10. And the median was 3.30.

GS's 3-Year Average Share Buyback Ratio is ranked higher than
92% of the 382 Companies
in the Global Capital Markets industry.

( Industry Median: -0.50 vs. GS: 4.20 )

Definition

This is the average share buyback rate of the company over the past 3 years.


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.


Related Terms

Net Income

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