WEBNF (Westpac Banking) 3-Year Share Buyback Ratio : 2.10% (As of Sep. 2024)

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What is Westpac Banking 3-Year Share Buyback Ratio?

Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.

3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Westpac Banking's current 3-Year Share Buyback Ratio was 2.10%.

The historical rank and industry rank for Westpac Banking's 3-Year Share Buyback Ratio or its related term are showing as below:

WEBNF' s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -17 Med: -1.35 Max: 2.7
Current: 2.1

During the past 13 years, Westpac Banking's highest 3-Year Share Buyback Ratio was 2.70%. The lowest was -17.00%. And the median was -1.35%.

WEBNF's 3-Year Share Buyback Ratio is ranked better than
88.41% of 1061 companies
in the Banks industry
Industry Median: -0.3 vs WEBNF: 2.10

Competitive Comparison of Westpac Banking's 3-Year Share Buyback Ratio

For the Banks - Diversified subindustry, Westpac Banking's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year 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.

Westpac Banking's 3-Year Share Buyback Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Westpac Banking's 3-Year Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Westpac Banking's 3-Year Share Buyback Ratio falls into.

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Westpac Banking 3-Year Share Buyback Ratio Calculation

This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Westpac Banking (OTCPK:WEBNF) 3-Year 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.

Westpac Banking 3-Year Share Buyback Ratio Related Terms

Thank you for viewing the detailed overview of Westpac Banking's 3-Year Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Westpac Banking Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Westpac Banking Corp (OTCPK:WEBNF) » Definitions » 3-Year Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

WBC:New Zealand WBC:Germany WBCPL.PFD:Australia WBCPK.PFD:Australia WBCPJ.PFD:Australia WBCPI.PFD:Australia WBCPH.PFD:Australia WBC:Australia

Address

275 Kent Street, Level 18, Sydney, NSW, AUS, 2000

Website

https://www.westpac.com.au

Westpac is Australia's oldest bank and financial services group, with a significant franchise in Australia and New Zealand in the consumer, small business, corporate, and institutional sectors, in addition to its major presence in wealth management. Westpac is among a handful of banks around the globe currently retaining very high credit ratings. The bank benefits from a large national branch network and significant market share, particularly in home loans and retail deposits.