Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Integrated Research's forward rate of return for was 0.00%.
The historical rank and industry rank for Integrated Research's Forward Rate of Return (Yacktman) % or its related term are showing as below:
ASX:IRI'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -7.35 Med: 21.49 Max: 23.87
Current: 2.36
During the past 13 years, Integrated Research's highest Forward Rate of Return was 23.87. The lowest was -7.35. And the median was 21.49.
ASX:IRI's Forward Rate of Return (Yacktman) % is ranked worse than 71.65% of 1379
companies
in the Software industry
Industry Median: 13.14
vs ASX:IRI: 2.36
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.
Integrated Research (ASX:IRI) Forward Rate of Return (Yacktman) % Explanation
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.
Integrated Research Forward Rate of Return (Yacktman) % Related Terms
Integrated Research Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Integrated Research'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.
Integrated Research Forward Rate of Return (Yacktman) % Chart
ASX:IRI vs CRM, SHOP, UBER: Forward Rate of Return (Yacktman) % Comparison
For the Software - Application subindustry, Integrated Research'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.
Integrated Research Forward Rate of Return (Yacktman) % vs Software Industry
For the Software industry and Technology sector, Integrated Research's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Integrated Research's Forward Rate of Return (Yacktman) % falls into.
Integrated Research 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 0.00% mean?
Integrated Research (ASX:IRI) has a Forward Rate of Return (Yacktman) % of 0.00% as of Jun. 2026. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Integrated Research and its competitors. According to the industry distribution chart, Integrated Research ranks #988 out of 1379 companies in the Software industry, placing it in the top 71.6%.
Is Integrated Research's Forward Rate of Return (Yacktman) % too high?
Integrated Research's current Forward Rate of Return (Yacktman) % is 0.00%. Based on the distribution chart, Integrated Research ranks #988 out of 1379 companies in the Software industry, which is below the industry midpoint. Overall, Integrated Research has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Integrated Research's Forward Rate of Return (Yacktman) % compare to CRM and SHOP?
According to the Software industry distribution chart, Integrated Research ranks #988 out of 1379 companies for Forward Rate of Return (Yacktman) %. This places Integrated Research in the lower half of its industry. The industry median Forward Rate of Return (Yacktman) % is 13.14. 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 Software company?
The median Forward Rate of Return (Yacktman) % among Software companies is 13.14, based on 1,379 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. 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 Integrated Research and its competitors. For the Software industry, the median Forward Rate of Return (Yacktman) % is 13.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Integrated Research's current Forward Rate of Return (Yacktman) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Integrated Research stock overvalued right now?
Based on GuruFocus' analysis, Integrated Research (ASX:IRI) is currently considered Fairly Valued. The stock's GF Value™ is A$0.30, compared to a current price of A$0.29 — trading 5% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 0.00%. Integrated Research's overall GF Score™ is 51/100 with 2 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 Integrated Research (ASX:IRI), the current Forward Rate of Return (Yacktman) % is 0.00% as of Jun. 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.
Is Integrated Research (ASX:IRI) Overvalued in 2026?
Based on GuruFocus' analysis, Integrated Research stock appears to be undervalued.
The current stock price of A$0.29 is trading 5% below its estimated GF Value™ of A$0.30.
GuruFocus considers Integrated Research to be Fairly Valued.
Key valuation signals for ASX:IRI:
Forward Rate of Return (Yacktman) %: 0.00%
GF Value™: A$0.30 vs. price of A$0.29 (5% below fair value)
No single metric tells the full story. See the ASX:IRI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Integrated Research Ltd is engaged in the design, development, implementation, and sale of systems and applications management computer software for business-critical computing, Unified Communication networks, and Payment networks. Its Prognosis platform is an integrated suite of monitoring and management software, designed to give its clients, an operational insight into and optimize the operation of their HP NonStop, distributed system servers, Unified Communications (UC), Payment environments, and the business applications that run on these platforms. The company's geographic segments include Asia Pacific, Americas, and Europe. It generates revenue from licence fees, maintenance fees, subscription fees, testing solution services, and professional services.
51GF Score
Get the complete analysis for ASX:IRI
Forward Rate of Return (Yacktman) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:IRI has been successfully added to your 
