Market Cap : 34.86 B | Enterprise Value : 47.56 B | PE Ratio : 29.39 | PB Ratio : 4.78 |
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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.
During the past years, LyondellBasell Industries NV's highest 3-Year Average Share Buyback Ratio was 9.70. The lowest was -0.50. And the median was 5.10.
NYSE:LYB's 3-Year Average Share Buyback Ratio is ranked higher than* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
* The bar in red indicates where LyondellBasell Industries NV's 3-Year Average Share Buyback Ratio falls into.
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.
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.
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