What is Cornerstone Strategic Value Fund 5-Year Share Buyback Ratio?
Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
5-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past five years. It is calculated as the annualized percentage change in shares outstanding from five 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. Cornerstone Strategic Value Fund's current 5-Year Share Buyback Ratio was -32.60%.
CLM's 5-Year Share Buyback Ratio is ranked worse than 93.93% of 1186
companies
in the Asset Management industry
Industry Median: -1.3
vs CLM: -32.60
Competitive Comparison of Cornerstone Strategic Value Fund's 5-Year Share Buyback Ratio
For the Asset Management subindustry, Cornerstone Strategic Value Fund's 5-Year Share Buyback Ratio, along with its competitors' market caps and 5-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.
Cornerstone Strategic Value Fund's 5-Year Share Buyback Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Cornerstone Strategic Value Fund's 5-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Cornerstone Strategic Value Fund's 5-Year Share Buyback Ratio falls into.
Cornerstone Strategic Value Fund 5-Year Share Buyback Ratio Calculation
This is the annualized percentage change in shares outstanding from five years ago to the current year. The annualized percentage change is calculated with least-square regression based on the latest six 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.
Cornerstone Strategic Value Fund (AMEX:CLM) 5-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.
Cornerstone Strategic Value Fund 5-Year Share Buyback Ratio Related Terms
Thank you for viewing the detailed overview of Cornerstone Strategic Value Fund's 5-Year Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Cornerstone Strategic Value Fund Business Description
Cornerstone Strategic Value Fund Inc is a closed-end management investment company. The fund's objective is to seek long-term capital appreciation through investments in equity securities of U.S. and non-U.S. companies. It invests in various sectors, which include financials, information technology, healthcare, consumer discretionary, industrials, utilities, energy, telecommunication services, materials, and other sectors.
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