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. Watsco's current 3-Year Share Buyback Ratio was -1.30%.
The historical rank and industry rank for Watsco's 3-Year Share Buyback Ratio or its related term are showing as below:
WSO'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -25.7 Med: -2 Max: 4.5
Current: -1.3
During the past 13 years, Watsco's highest 3-Year Share Buyback Ratio was 4.50%. The lowest was -25.70%. And the median was -2.00%.
WSO's 3-Year Share Buyback Ratio is ranked worse than 67.01% of 97
companies
in the Industrial Distribution industry
Industry Median: -0.3
vs WSO: -1.30
Competitive Comparison of Watsco's 3-Year Share Buyback Ratio
For the Industrial Distribution subindustry, Watsco'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.
Watsco's 3-Year Share Buyback Ratio Distribution in the Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Watsco's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Watsco's 3-Year Share Buyback Ratio falls into.
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.
Watsco (NYSE:WSO) 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.
Watsco 3-Year Share Buyback Ratio Related Terms
Thank you for viewing the detailed overview of Watsco's 3-Year Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Watsco is the largest heating, ventilation, air conditioning, and refrigeration products distributor in North America. The company primarily operates in the United States (90% of revenue) with significant exposure in the Sunbelt states. Watsco also has operations in Canada (5% of sales) and Latin America (5% of sales). The company's customer base consists of more than 125,000 contractors that serve the replacement and new construction HVACR markets for residential and light commercial applications.
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