What is Elevance Health 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. Elevance Health's current 3-Year Share Buyback Ratio was 2.00%.
The historical rank and industry rank for Elevance Health's 3-Year Share Buyback Ratio or its related term are showing as below:
ELV'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -43.1 Med: 2 Max: 12.2
Current: 2
During the past 13 years, Elevance Health's highest 3-Year Share Buyback Ratio was 12.20%. The lowest was -43.10%. And the median was 2.00%.
ELV's 3-Year Share Buyback Ratio is ranked better than 70.59% of 17
companies
in the Healthcare Plans industry
Industry Median: 0.9
vs ELV: 2.00
Competitive Comparison of Elevance Health's 3-Year Share Buyback Ratio
For the Healthcare Plans subindustry, Elevance Health'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.
Elevance Health's 3-Year Share Buyback Ratio Distribution in the Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, Elevance Health's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Elevance Health's 3-Year Share Buyback Ratio falls into.
Elevance Health 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.
Elevance Health (NYSE:ELV) 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.
Elevance Health 3-Year Share Buyback Ratio Related Terms
Thank you for viewing the detailed overview of Elevance Health's 3-Year Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Elevance Health remains one of the leading health insurers in the US, providing medical benefits to 46 million medical members as of December 2024. The company offers employer, individual, and government-sponsored coverage plans. Elevance differs from its peers in its unique position as the largest single provider of Blue Cross Blue Shield branded coverage, operating as the licensee for the Blue Cross Blue Shield Association in 14 states. Through acquisitions, such as the Amerigroup deal in 2012 and MMM in 2021, Elevance's reach expands beyond those states through government-sponsored programs, such as Medicaid and Medicare Advantage plans, too. It is also an emerging player in pharmacy benefit management and other healthcare services.
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