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Sunbelt Rentals HoldingsASHGY +1.17%49 Forward Rate of Return (Yacktman) % is 11.92% as of Apr. 2026, which is 1% below its 10-year median of 12.02. GuruFocus rates ASHGY with a GF Score™ of 49/100. The stock has 10 warning signs investors should review. Among 721 Business Services companies, Sunbelt Rentals Holdings ranks worse than 55.48% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Sunbelt Rentals Holdings's forward rate of return for was 11.92%.
The historical rank and industry rank for Sunbelt Rentals Holdings's Forward Rate of Return (Yacktman) % or its related term are showing as below:
ASHGY'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 11.67 Med: 12.02 Max: 14.11
Current: 11.8
During the past 13 years, Sunbelt Rentals Holdings's highest Forward Rate of Return was 14.11. The lowest was 11.67. And the median was 12.02.
ASHGY's Forward Rate of Return (Yacktman) % is ranked worse than 55.48% of 721
companies
in the Business Services industry
Industry Median: 13.71
vs ASHGY: 11.80
Unlike the Earnings Yield %, the Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Unlike the Earnings Yield, the Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
For the growth part of the Forward Rate of Return calculation, GuruFocus uses the 5-year average growth rate of EBITDA per share as the growth rate, and the growth rate is always capped at 20%. For the Free Cash Flow we use per share data averaged over five years. The reason we use five years is to make it comparable to the growth rate.
Be Aware
In the Forward Rate of Return calculation, the growth rate is added directly to today's free cash flow yield. Therefore the calculation is reliable only if the company can grow at the same rate in the future as it did in the past. Investors should pay close attention to this when researching growth stocks. A more accurate measurement for return is Return on Capital.
Sunbelt Rentals Holdings Forward Rate of Return (Yacktman) % Related Terms
Sunbelt Rentals Holdings Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Sunbelt Rentals Holdings's Forward Rate of Return (Yacktman) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Sunbelt Rentals Holdings Forward Rate of Return (Yacktman) % Chart
ASHGY vs AER, UHAL, R: Forward Rate of Return (Yacktman) % Comparison
For the Rental & Leasing Services subindustry, Sunbelt Rentals Holdings's Forward Rate of Return (Yacktman) %, along with its competitors' market caps and Forward Rate of Return (Yacktman) % 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.
Sunbelt Rentals Holdings Forward Rate of Return (Yacktman) % vs Business Services Industry
For the Business Services industry and Industrials sector, Sunbelt Rentals Holdings's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Sunbelt Rentals Holdings's Forward Rate of Return (Yacktman) % falls into.
Sunbelt Rentals Holdings Forward Rate of Return (Yacktman) % Calculation
Forward Rate of Return is a concept that Don Yacktman uses in his investment approach. Yacktman explained the forward rate of return concept in detail in his interview with GuruFocus. Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. He said in the interview (March 2012, when the S&P 500 was at about 1400):
If the business is stable, this calculation is fairly straightforward. For instance, on the S&P 500 we would normalize earnings. We would then calculate what percentage of those earnings are not reinvested in the underlying businesses and are therefore free. Historically, for the S&P 500, this has been just under 50% of earnings. Currently, we expect the S&P to earn about 70 on a normalized basis, a number which is far below reported earnings due to our adjusting for record high profit margins. $70 X ½ / 1400 gives you a normalized free cash flow yield of approximately 2.5%.
The historical real growth rate of the S&P 500 (companies) is about 1.5%. Assuming an inflation rate of 2.5%, the forward rate of return on an investment in the S&P 500 is about 6.5% today (2.5% free cash flow yield plus 1.5% real growth plus 2.5% inflation).
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Forward Rate of Return (Yacktman) % of 11.92% mean?
Sunbelt Rentals Holdings (ASHGY) has a Forward Rate of Return (Yacktman) % of 11.92% as of Apr. 2026. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Sunbelt Rentals Holdings and its competitors. This is near median its historical median of 12.02. Over the past decade, Sunbelt Rentals Holdings' Forward Rate of Return (Yacktman) % has ranged from 11.67 to 14.11. According to the industry distribution chart, Sunbelt Rentals Holdings ranks #400 out of 721 companies in the Business Services industry, placing it in the top 55.5%.
Is Sunbelt Rentals Holdings' Forward Rate of Return (Yacktman) % too high?
Sunbelt Rentals Holdings' current Forward Rate of Return (Yacktman) % of 11.92% is near median its 10-year median of 12.02. Over the past 10 years, this metric has ranged from a low of 11.67 to a high of 14.11. The Business Services industry median Forward Rate of Return (Yacktman) % is 13.71. Sunbelt Rentals Holdings' value of 11.92% is 13.1% below this industry median. Based on the distribution chart, Sunbelt Rentals Holdings ranks #400 out of 721 companies in the Business Services industry, which is below the industry midpoint. Overall, Sunbelt Rentals Holdings has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does Sunbelt Rentals Holdings' Forward Rate of Return (Yacktman) % compare to AER and UHAL?
According to the Business Services industry distribution chart, Sunbelt Rentals Holdings ranks #400 out of 721 companies for Forward Rate of Return (Yacktman) %. This places Sunbelt Rentals Holdings in the lower half of its industry. The industry median Forward Rate of Return (Yacktman) % is 13.71. Sunbelt Rentals Holdings' value of 11.92% is 13.1% below this benchmark. Historically, Sunbelt Rentals Holdings' own Forward Rate of Return (Yacktman) % has ranged from 11.67 to 14.11 over the past decade. While the company's 10-year median is 12.02 vs. the industry median of 13.71, Sunbelt Rentals Holdings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward Rate of Return (Yacktman) % for a Business Services company?
The median Forward Rate of Return (Yacktman) % among Business Services companies is 13.71, based on 721 companies in the industry. Companies in the top quartile (top 25%) have a Forward Rate of Return (Yacktman) % significantly above this median, while those in the bottom quartile fall well below. However, Forward Rate of Return (Yacktman) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sunbelt Rentals Holdings's current Forward Rate of Return (Yacktman) % of 11.92% is 13.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward Rate of Return (Yacktman) % mean?
A high Forward Rate of Return (Yacktman) % can signal that a stock is expensive relative to its fundamentals. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Sunbelt Rentals Holdings and its competitors. For the Business Services industry, the median Forward Rate of Return (Yacktman) % is 13.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sunbelt Rentals Holdings's current Forward Rate of Return (Yacktman) % is 11.92%, which is near median its own 10-year median of 12.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunbelt Rentals Holdings stock overvalued right now?
Sunbelt Rentals Holdings (ASHGY) has a current Forward Rate of Return (Yacktman) % of 11.92%. The current Forward Rate of Return (Yacktman) % is 11.92%, which is near median its 10-year median of 12.02 and 13.1% below the Business Services industry median of 13.71. Sunbelt Rentals Holdings' overall GF Score™ is 49/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward Rate of Return (Yacktman) % calculated?
Forward Rate of Return (Yacktman) % is calculated from a company's financial statements. For Sunbelt Rentals Holdings (ASHGY), the current Forward Rate of Return (Yacktman) % is 11.92% as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Sunbelt Rentals (formerly UK-based Ashtead Group) is the number two equipment rental company in the US (11% market share), with a smaller presence in Canada and the UK. Sunbelt operates a rental fleet of just over $15 billion across a network of 1,200 stores in the US, nearly CAD 2 billion of fleet and 135 stores in Canada, and GBP 1.1 billion and 190 stores in the UK. The company has experienced rapid growth over the past decade as its customers increasingly turn to rental versus owning equipment outright. The general tool business has been augmented by the Specialty Rental business, which has grown to 30% of the mix. Revenue is now greater than 50% nonconstruction, with the remainder focused more directly on commercial construction.
49GF Score
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