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.
The historical rank and industry rank for Bristol-Myers Squibb Co's 3-Year Average Share Buyback Ratio or its related term are showing as below:
BMY'
s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -11 Med: 0.6 Max: 5.2
Current: -9.9
During the past years, Bristol-Myers Squibb Co's highest 3-Year Average Share Buyback Ratio was 5.20. The lowest was -11.00. And the median was 0.60.
BMY's 3-Year Average Share Buyback Ratio is ranked worse than 59.54% of 734
companies
in the Drug Manufacturers industry
Industry Median: -5.80
vs BMY: -9.90
Bristol-Myers Squibb Co 3-Year Average Share Buyback Ratio Historical Data
The historical data trend for Bristol-Myers Squibb Co's 3-Year Average Share Buyback Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Bristol-Myers Squibb Co Annual Data
Trend
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Dec21
3-Year Average Share Buyback Ratio
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Bristol-Myers Squibb Co Quarterly Data
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3-Year Average Share Buyback Ratio
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Competitive Comparison
For the Drug Manufacturers - General subindustry, Bristol-Myers Squibb Co's 3-Year Average Share Buyback Ratio, along with its competitors' market caps and 3-Year Average 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.
Bristol-Myers Squibb Co 3-Year Average Share Buyback Ratio Distribution
For the Drug Manufacturers industry and Healthcare sector, Bristol-Myers Squibb Co's 3-Year Average Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Bristol-Myers Squibb Co's 3-Year Average Share Buyback Ratio falls into.
Bristol-Myers Squibb Co 3-Year Average Share Buyback Ratio Calculation
This is the average share buyback rate of the company over the past 3 years.
Bristol-Myers Squibb Co (NYSE:BMY) 3-Year Average 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.
Bristol-Myers Squibb Co 3-Year Average Share Buyback Ratio Related Terms
Thank you for viewing the detailed overview of Bristol-Myers Squibb Co's 3-Year Average Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Bristol-Myers Squibb discovers, develops, and markets drugs for various therapeutic areas, such as cardiovascular, oncology, and immune disorders. A key focus for Bristol is immuno-oncology, where the firm is a leader in drug development. Unlike some of its more diversified peers, Bristol has exited several nonpharmaceutical businesses to focus on branded specialty drugs, which tend to support strong pricing power.
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