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Pioneer CreditASX:PNC -0.77%56 Forward Rate of Return (Yacktman) % is -12.98% as of Jun. 2026. GuruFocus rates ASX:PNC with a GF Score™ of 56/100 and a GF Value™ of A$0.47 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 398 Credit Services companies, Pioneer Credit ranks worse than 71.86% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Pioneer Credit's forward rate of return for was -12.98%.
The historical rank and industry rank for Pioneer Credit's Forward Rate of Return (Yacktman) % or its related term are showing as below:
ASX:PNC'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -15.64 Med: 33.61 Max: 347.76
Current: -12.95
During the past 13 years, Pioneer Credit's highest Forward Rate of Return was 347.76. The lowest was -15.64. And the median was 33.61.
ASX:PNC's Forward Rate of Return (Yacktman) % is ranked worse than 71.86% of 398
companies
in the Credit Services industry
Industry Median: 4.835
vs ASX:PNC: -12.95
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.
Pioneer Credit (ASX:PNC) 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.
Pioneer Credit Forward Rate of Return (Yacktman) % Related Terms
Pioneer Credit Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Pioneer Credit'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.
Pioneer Credit Forward Rate of Return (Yacktman) % Chart
ASX:PNC vs V, MA, AXP: Forward Rate of Return (Yacktman) % Comparison
For the Credit Services subindustry, Pioneer Credit'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.
Pioneer Credit Forward Rate of Return (Yacktman) % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Pioneer Credit's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Pioneer Credit's Forward Rate of Return (Yacktman) % falls into.
Pioneer Credit 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 -12.98% mean?
Pioneer Credit (ASX:PNC) has a Forward Rate of Return (Yacktman) % of -12.98% 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 Pioneer Credit and its competitors. According to the industry distribution chart, Pioneer Credit ranks #286 out of 398 companies in the Credit Services industry, placing it in the top 71.9%.
Is Pioneer Credit's Forward Rate of Return (Yacktman) % too high?
Pioneer Credit's current Forward Rate of Return (Yacktman) % is -12.98%. Based on the distribution chart, Pioneer Credit ranks #286 out of 398 companies in the Credit Services industry, which is below the industry midpoint. Overall, Pioneer Credit has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pioneer Credit's Forward Rate of Return (Yacktman) % compare to V and MA?
According to the Credit Services industry distribution chart, Pioneer Credit ranks #286 out of 398 companies for Forward Rate of Return (Yacktman) %. This places Pioneer Credit in the lower half of its industry. The industry median Forward Rate of Return (Yacktman) % is 4.84. 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 Credit Services company?
The median Forward Rate of Return (Yacktman) % among Credit Services companies is 4.84, based on 398 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 Pioneer Credit and its competitors. For the Credit Services industry, the median Forward Rate of Return (Yacktman) % is 4.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pioneer Credit's current Forward Rate of Return (Yacktman) % is -12.98%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pioneer Credit stock overvalued right now?
Based on GuruFocus' analysis, Pioneer Credit (ASX:PNC) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.47, compared to a current price of A$0.65 — trading 37.2% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is -12.98%. Pioneer Credit's overall GF Score™ is 56/100 with 6 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 Pioneer Credit (ASX:PNC), the current Forward Rate of Return (Yacktman) % is -12.98% 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 Pioneer Credit (ASX:PNC) Overvalued in 2026?
Based on GuruFocus' analysis, Pioneer Credit stock appears to be overvalued.
The current stock price of A$0.65 is trading 37.2% above its estimated GF Value™ of A$0.47.
GuruFocus considers Pioneer Credit to be Significantly Overvalued.
Key valuation signals for ASX:PNC:
Forward Rate of Return (Yacktman) %: -12.98%
GF Value™: A$0.47 vs. price of A$0.65 (37.2% above fair value)
No single metric tells the full story. See the ASX:PNC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pioneer Credit Ltd provides financial services in Australia. Its primary business involves the acquisition and servicing of Purchased Debt Portfolios (PDPs). The company has launched its app, called Pioneer Path, which is a personal finance and budget management app that helps customers spend less, save more, and reduce debt.
56GF Score
Get the complete analysis for ASX:PNC
Forward Rate of Return (Yacktman) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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