The formula for calculating the shares outstanding consists of subtracting the shares repurchased from the total shares issued to date. In the calculation of book value, the par value of preferred stocks needs to subtracted from total equity.The outstanding shares formula is represented as issued shares minus shares held in the company's treasury or treasury stock. In this video, we will study the definition, types of Outstanding Shares and its impact on investors. What are Outstanding Shares(stocks)? Middlesex Water Co (MSEX) stock price, GURU trades, performance, financial stability, valuations, and filing info from GuruFocus. In the latest forecasts, cash and short-term deposit balances exceed the value of the outstanding loans.