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A10 NetworksATEN -3.92%82 Forward Rate of Return (Yacktman) % is 16.94% as of Jun. 2026, which is 15% below its 10-year median of 20.00. GuruFocus rates ATEN with a GF Score™ of 82/100 and a GF Value™ of $19.97 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,378 Software companies, A10 Networks ranks better than 63.06% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. A10 Networks's forward rate of return for was 16.94%.
The historical rank and industry rank for A10 Networks's Forward Rate of Return (Yacktman) % or its related term are showing as below:
ATEN'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 16.95 Med: 20 Max: 24.57
Current: 17.72
During the past 13 years, A10 Networks's highest Forward Rate of Return was 24.57. The lowest was 16.95. And the median was 20.00.
ATEN's Forward Rate of Return (Yacktman) % is ranked better than 63.06% of 1378
companies
in the Software industry
Industry Median: 13.175
vs ATEN: 17.72
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.
A10 Networks (NYSE:ATEN) 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.
A10 Networks Forward Rate of Return (Yacktman) % Related Terms
A10 Networks Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for A10 Networks'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.
A10 Networks Forward Rate of Return (Yacktman) % Chart
ATEN vs PAYO, PAGS, AVPT: Forward Rate of Return (Yacktman) % Comparison
For the Software - Infrastructure subindustry, A10 Networks'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.
A10 Networks Forward Rate of Return (Yacktman) % vs Software Industry
For the Software industry and Technology sector, A10 Networks's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where A10 Networks's Forward Rate of Return (Yacktman) % falls into.
A10 Networks 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).
A10 Networks's Forward Rate of Return of Jun. 2026 is
Forward Rate of Return
=
Normalized Free Cash Flow
/
Price
+
5-Year EBITDA Growth Rate
=
0.75828571
/
37.36
+
0.1491
=
16.94 %
* 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 16.94% mean?
A10 Networks (ATEN) has a Forward Rate of Return (Yacktman) % of 16.94% 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 A10 Networks and its competitors. This is 15% below median its historical median of 20.00. Over the past decade, A10 Networks' Forward Rate of Return (Yacktman) % has ranged from 16.95 to 24.57. According to the industry distribution chart, A10 Networks ranks #509 out of 1378 companies in the Software industry, placing it in the top 36.9%.
Is A10 Networks' Forward Rate of Return (Yacktman) % too high?
A10 Networks' current Forward Rate of Return (Yacktman) % of 16.94% is 15% below median its 10-year median of 20.00. Over the past 10 years, this metric has ranged from a low of 16.95 to a high of 24.57. The Software industry median Forward Rate of Return (Yacktman) % is 13.18. A10 Networks' value of 16.94% is 28.6% above this industry median. Based on the distribution chart, A10 Networks ranks #509 out of 1378 companies in the Software industry, which is above the industry midpoint. Overall, A10 Networks has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does A10 Networks' Forward Rate of Return (Yacktman) % compare to PAYO and PAGS?
According to the Software industry distribution chart, A10 Networks ranks #509 out of 1378 companies for Forward Rate of Return (Yacktman) %. This puts A10 Networks in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 13.18. A10 Networks' value of 16.94% is 28.6% above this benchmark. Historically, A10 Networks' own Forward Rate of Return (Yacktman) % has ranged from 16.95 to 24.57 over the past decade. While the company's 10-year median is 20.00 vs. the industry median of 13.18, A10 Networks has consistently been above 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 Software company?
The median Forward Rate of Return (Yacktman) % among Software companies is 13.18, based on 1,378 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. A10 Networks's current Forward Rate of Return (Yacktman) % of 16.94% is 28.6% above 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 A10 Networks and its competitors. For the Software industry, the median Forward Rate of Return (Yacktman) % is 13.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. A10 Networks's current Forward Rate of Return (Yacktman) % is 16.94%, which is 15% below median its own 10-year median of 20.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is A10 Networks stock overvalued right now?
Based on GuruFocus' analysis, A10 Networks (ATEN) is currently considered Modestly Overvalued. The stock's GF Value™ is $19.97, compared to a current price of $25.97 — trading 30% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 16.94%, which is 15% below median its 10-year median of 20.00 and 28.6% above the Software industry median of 13.18. A10 Networks' overall GF Score™ is 82/100 with 3 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 A10 Networks (ATEN), the current Forward Rate of Return (Yacktman) % is 16.94% 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 A10 Networks (ATEN) Overvalued in 2026?
Based on GuruFocus' analysis, A10 Networks stock appears to be overvalued.
The current stock price of $25.97 is trading 30% above its estimated GF Value™ of $19.97.
GuruFocus considers A10 Networks to be Modestly Overvalued.
Key valuation signals for ATEN:
Forward Rate of Return (Yacktman) %: 16.94% (15% below median its 10-year median of 20.00)
GF Value™: $19.97 vs. price of $25.97 (30% above fair value)
Industry Position: 28.6% above the Software median (#509 of 1378)
No single metric tells the full story. See the ATEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
A10 Networks Inc is a provider of secure application and network infrastructure solutions for enterprises and service providers across on-premises, hybrid cloud, and distributed environments. The company's offerings include application delivery and traffic management, distributed denial-of-service (DDoS) protection, application and API security, and centralized management. It serves customers across multiple industries, including telecommunications, technology, financial services, public sector, industrial, retail, gaming, and education. The majority of the company's revenue is derived from the sale of secure networking and cybersecurity solutions and related maintenance and support services.
82GF Score
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