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 Reliance Steel & Aluminum Co's 3-Year Average Share Buyback Ratio or its related term are showing as below:
RS'
s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -11.5 Med: -1.05 Max: 4.3
Current: 2.6
During the past years, Reliance Steel & Aluminum Co's highest 3-Year Average Share Buyback Ratio was 4.30. The lowest was -11.50. And the median was -1.05.
RS's 3-Year Average Share Buyback Ratio is ranked better than 95.91% of 269
companies
in the Steel industry
Industry Median: -2.00
vs RS: 2.60
Reliance Steel & Aluminum Co 3-Year Average Share Buyback Ratio Historical Data
The historical data trend for Reliance Steel & Aluminum 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.
Reliance Steel & Aluminum Co Annual Data
Trend
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3-Year Average Share Buyback Ratio
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Reliance Steel & Aluminum Co Quarterly Data
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3-Year Average Share Buyback Ratio
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Competitive Comparison
For the Steel subindustry, Reliance Steel & Aluminum 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.
Reliance Steel & Aluminum Co 3-Year Average Share Buyback Ratio Distribution
For the Steel industry and Basic Materials sector, Reliance Steel & Aluminum Co's 3-Year Average Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Reliance Steel & Aluminum Co's 3-Year Average Share Buyback Ratio falls into.
Reliance Steel & Aluminum Co 3-Year Average Share Buyback Ratio Calculation
This is the average share buyback rate of the company over the past 3 years.
Reliance Steel & Aluminum Co (NYSE:RS) 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.
Reliance Steel & Aluminum Co 3-Year Average Share Buyback Ratio Related Terms
Thank you for viewing the detailed overview of Reliance Steel & Aluminum Co's 3-Year Average Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Reliance Steel & Aluminum is a metal service center in the United States, providing metal processing and inventory management services for carbon and stainless steel, aluminum, and alloys. The company provides over 100,000 product types to approximately more than 125,000 customers. Reliance predominantly supplies the nonresidential construction, automotive, aerospace, energy, transportation, and heavy equipment end markets. Its product offerings comprise alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products.
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