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Public PowerATH:PPC -2.86%74 Forward Rate of Return (Yacktman) % is 14.79% as of Dec. 2025, which is 53% below its 10-year median of 31.69. GuruFocus rates ATH:PPC with a GF Score™ of 74/100 and a GF Value™ of €15.35 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 260 Utilities - Independent Power Producers companies, Public Power ranks better than 69.23% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Public Power's forward rate of return for was 14.79%.
The historical rank and industry rank for Public Power's Forward Rate of Return (Yacktman) % or its related term are showing as below:
ATH:PPC'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 14.78 Med: 31.69 Max: 66.77
Current: 14.79
During the past 13 years, Public Power's highest Forward Rate of Return was 66.77. The lowest was 14.78. And the median was 31.69.
ATH:PPC's Forward Rate of Return (Yacktman) % is ranked better than 69.23% of 260
companies
in the Utilities - Independent Power Producers industry
Industry Median: 6.465
vs ATH:PPC: 14.79
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.
Public Power (ATH:PPC) 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.
Public Power Forward Rate of Return (Yacktman) % Related Terms
Public Power Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Public Power'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.
Public Power Forward Rate of Return (Yacktman) % Chart
Public Power Forward Rate of Return (Yacktman) % Competitor Comparison
For the Utilities - Renewable subindustry, Public Power'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.
Public Power Forward Rate of Return (Yacktman) % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Public Power's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Public Power's Forward Rate of Return (Yacktman) % falls into.
Public Power 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).
Public Power's Forward Rate of Return of Dec. 2025 is
Forward Rate of Return
=
Normalized Free Cash Flow
/
Price
+
5-Year EBITDA Growth Rate
=
0.008
/
18.2
+
0.1475
=
14.79 %
* 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 14.79% mean?
Public Power (ATH:PPC) has a Forward Rate of Return (Yacktman) % of 14.79% as of Dec. 2025. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Public Power and its competitors. This is 53% below median its historical median of 31.69. Over the past decade, Public Power's Forward Rate of Return (Yacktman) % has ranged from 14.78 to 66.77. According to the industry distribution chart, Public Power ranks #80 out of 260 companies in the Utilities - Independent Power Producers industry, placing it in the top 30.8%.
Is Public Power's Forward Rate of Return (Yacktman) % too high?
Public Power's current Forward Rate of Return (Yacktman) % of 14.79% is 53% below median its 10-year median of 31.69. Over the past 10 years, this metric has ranged from a low of 14.78 to a high of 66.77. The Utilities - Independent Power Producers industry median Forward Rate of Return (Yacktman) % is 6.47. Public Power's value of 14.79% is 128.8% above this industry median. Based on the distribution chart, Public Power ranks #80 out of 260 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Public Power has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Public Power's Forward Rate of Return (Yacktman) % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Public Power ranks #80 out of 260 companies for Forward Rate of Return (Yacktman) %. This puts Public Power in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 6.47. Public Power's value of 14.79% is 128.8% above this benchmark. Historically, Public Power's own Forward Rate of Return (Yacktman) % has ranged from 14.78 to 66.77 over the past decade. While the company's 10-year median is 31.69 vs. the industry median of 6.47, Public Power 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 an Utilities - Independent Power Producers company?
The median Forward Rate of Return (Yacktman) % among Utilities - Independent Power Producers companies is 6.47, based on 260 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. Public Power's current Forward Rate of Return (Yacktman) % of 14.79% is 128.8% 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 Public Power and its competitors. For the Utilities - Independent Power Producers industry, the median Forward Rate of Return (Yacktman) % is 6.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Public Power's current Forward Rate of Return (Yacktman) % is 14.79%, which is 53% below median its own 10-year median of 31.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Public Power stock overvalued right now?
Based on GuruFocus' analysis, Public Power (ATH:PPC) is currently considered Significantly Overvalued. The stock's GF Value™ is €15.35, compared to a current price of €21.74 — trading 41.6% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 14.79%, which is 53% below median its 10-year median of 31.69 and 128.8% above the Utilities - Independent Power Producers industry median of 6.47. Public Power's overall GF Score™ is 74/100 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 Public Power (ATH:PPC), the current Forward Rate of Return (Yacktman) % is 14.79% as of Dec. 2025. 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 Public Power (ATH:PPC) Overvalued in 2026?
Based on GuruFocus' analysis, Public Power stock appears to be overvalued.
The current stock price of €21.74 is trading 41.6% above its estimated GF Value™ of €15.35.
GuruFocus considers Public Power to be Significantly Overvalued.
Key valuation signals for ATH:PPC:
Forward Rate of Return (Yacktman) %: 14.79% (53% below median its 10-year median of 31.69)
GF Value™: €15.35 vs. price of €21.74 (41.6% above fair value)
Industry Position: 128.8% above the Utilities - Independent Power Producers median (#80 of 260)
No single metric tells the full story. See the ATH:PPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Public Power Corp SA is a public electric utility company with the Hellenic Republic as its main shareholder. The company is involved in generating, transmitting, and distributing electric energy. The company, along with its subsidiaries, operates a variety of power plants, including natural gas, coal, hydroelectric, wind, and solar plants. PPC majorly generates electricity from its thermal energy facilities. The company is divided into segments including Production/Supply, which includes production from lignite, oil, natural gas, and renewable energy sources, as well as lignite mining in support of production and supply activities in Greece and Romania. Other segments include the Distribution network and others.
74GF Score
Get the complete analysis for ATH:PPC
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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