Market Cap : 163.97 B | Enterprise Value : 158.47 B | PE Ratio : 507.52 | PB Ratio : 25.43 |
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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, Shopify's highest 3-Year Average Share Buyback Ratio was -6.60. The lowest was -14.40. And the median was -9.80.
NYSE:SHOP's 3-Year Average Share Buyback Ratio is ranked lower 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 Shopify'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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