What Is the Treasury Stock Method?

The treasury stock method estimates the incremental shares created by in-the-money options, warrants, and similar securities. It is essential for calculating diluted earnings per share and fully diluted equity value without overstating dilution.

Author: Michael Harris Updated 4 min read

How the treasury stock method works

The treasury stock method assumes that holders exercise eligible options or warrants and that the company uses the exercise proceeds to repurchase its own shares. The shares hypothetically repurchased are called treasury shares and offset part of the dilution from the newly issued shares.

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