What is Manulife Financial 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. Manulife Financial's current 3-Year Share Buyback Ratio was 3.80%.
The historical rank and industry rank for Manulife Financial's 3-Year Share Buyback Ratio or its related term are showing as below:
TSX:MFC'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -19.6 Med: -1.2 Max: 3.8
Current: 3.8
During the past 13 years, Manulife Financial's highest 3-Year Share Buyback Ratio was 3.80%. The lowest was -19.60%. And the median was -1.20%.
TSX:MFC's 3-Year Share Buyback Ratio is ranked better than 88.81% of 277
companies
in the Insurance industry
Industry Median: -0.1
vs TSX:MFC: 3.80
Competitive Comparison of Manulife Financial's 3-Year Share Buyback Ratio
For the Insurance - Life subindustry, Manulife Financial'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.
Manulife Financial's 3-Year Share Buyback Ratio Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Manulife Financial's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Manulife Financial's 3-Year Share Buyback Ratio falls into.
Manulife Financial 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.
Manulife Financial (TSX:MFC) 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.
Manulife Financial 3-Year Share Buyback Ratio Related Terms
Thank you for viewing the detailed overview of Manulife Financial's 3-Year Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Manulife Financial provides life insurance, annuities, and asset management products to individuals and group customers in Canada, the United States, and Asia. Its investment management business contributes approximately 20% of its earnings and has around CAD 1.05 trillion in assets under management and administration as of the end of 2023. The US business, which primarily operates under the John Hancock brand, contributes about 27% of earnings and is mainly focused on providing insurance products for estate, business, and income protection. The Asia segment provides insurance products and insurance-based wealth accumulation products in over 11 countries and contributes around 30% of earnings. The Canadian business segment contributes approximately 23% of earnings.
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