MK Restaurant Group PCL (BKK:M-R) Forward Rate of Return (Yacktman) %: 22.83% (As of Jun. 2026) — 602% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

BKK:M-R MK Restaurant Group PCL BKK:M-R
94 GF Score
Price ฿21.22
GF Value ฿26.83
! 4 Warning Signs
View Full Analysis

What is MK Restaurant Group PCL Forward Rate of Return (Yacktman) %?

MK Restaurant Group PCL BKK:M-R -0.88% 94 Forward Rate of Return (Yacktman) % is 22.83% as of Jun. 2026, which is 602% above its 10-year median of 3.25. GuruFocus rates BKK:M-R with a GF Score™ of 94/100 and a GF Value™ of ฿26.83. The stock has 4 warning signs investors should review. Among 252 Restaurants companies, MK Restaurant Group PCL ranks better than 72.62% on this metric.

Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. MK Restaurant Group PCL's forward rate of return for was 22.83%.

The historical rank and industry rank for MK Restaurant Group PCL's Forward Rate of Return (Yacktman) % or its related term are showing as below:

BKK:M-R' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -12.23   Med: 3.25   Max: 33.94
Current: 22.97

During the past 13 years, MK Restaurant Group PCL's highest Forward Rate of Return was 33.94. The lowest was -12.23. And the median was 3.25.

BKK:M-R's Forward Rate of Return (Yacktman) % is ranked better than
72.62% of 252 companies
in the Restaurants industry
Industry Median: 13.86 vs BKK:M-R: 22.97

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.


MK Restaurant Group PCL  (BKK:M-R) 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.


MK Restaurant Group PCL Forward Rate of Return (Yacktman) % Related Terms


MK Restaurant Group PCL Forward Rate of Return (Yacktman) % Historical Data

* Premium members only.

The historical data trend for MK Restaurant Group PCL'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.

MK Restaurant Group PCL Forward Rate of Return (Yacktman) % Chart

MK Restaurant Group PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Forward Rate of Return (Yacktman) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -12.02 -3.45 11.94 26.03 31.98

MK Restaurant Group PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Forward Rate of Return (Yacktman) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34.57 26.60 31.98 28.53 22.83

BKK:M-R vs MCD, SBUX, YUM: Forward Rate of Return (Yacktman) % Comparison

For the Restaurants subindustry, MK Restaurant Group PCL'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.


MK Restaurant Group PCL Forward Rate of Return (Yacktman) % vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, MK Restaurant Group PCL's Forward Rate of Return (Yacktman) % distribution charts can be found below:

* The bar in red indicates where MK Restaurant Group PCL's Forward Rate of Return (Yacktman) % falls into.


BKK:M-R
94GF Score
MK Restaurant Group PCL BKK:M-R
Forward Rate of Return (Yacktman) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MK Restaurant Group PCL 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).

MK Restaurant Group PCL's Forward Rate of Return of Jun. 2026 is

Forward Rate of Return=Normalized Free Cash Flow/Price+5-Year EBITDA Growth Rate
=2.16419048/18.57046+0.1286
=24.51 %

* 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 22.83% mean?
MK Restaurant Group PCL (BKK:M-R) has a Forward Rate of Return (Yacktman) % of 22.83% 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 MK Restaurant Group PCL and its competitors. This is 602% above median its historical median of 3.25. According to the industry distribution chart, MK Restaurant Group PCL ranks #69 out of 252 companies in the Restaurants industry, placing it in the top 27.4%.
Is MK Restaurant Group PCL's Forward Rate of Return (Yacktman) % too high?
MK Restaurant Group PCL's current Forward Rate of Return (Yacktman) % of 22.83% is 602% above median its 10-year median of 3.25. The Restaurants industry median Forward Rate of Return (Yacktman) % is 13.86. MK Restaurant Group PCL's value of 22.83% is 64.7% above this industry median. Based on the distribution chart, MK Restaurant Group PCL ranks #69 out of 252 companies in the Restaurants industry, which is above the industry midpoint. Overall, MK Restaurant Group PCL has a GF Score™ of 94/100, reflecting its overall financial health beyond just this single metric.
How does MK Restaurant Group PCL's Forward Rate of Return (Yacktman) % compare to MCD and SBUX?
According to the Restaurants industry distribution chart, MK Restaurant Group PCL ranks #69 out of 252 companies for Forward Rate of Return (Yacktman) %. This puts MK Restaurant Group PCL in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 13.86. MK Restaurant Group PCL's value of 22.83% is 64.7% above this benchmark. While the company's 10-year median is 3.25 vs. the industry median of 13.86, MK Restaurant Group PCL 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 Restaurants company?
The median Forward Rate of Return (Yacktman) % among Restaurants companies is 13.86, based on 252 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. MK Restaurant Group PCL's current Forward Rate of Return (Yacktman) % of 22.83% is 64.7% 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 MK Restaurant Group PCL and its competitors. For the Restaurants industry, the median Forward Rate of Return (Yacktman) % is 13.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MK Restaurant Group PCL's current Forward Rate of Return (Yacktman) % is 22.83%, which is 602% above median its own 10-year median of 3.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MK Restaurant Group PCL stock overvalued right now?
MK Restaurant Group PCL (BKK:M-R) has a current Forward Rate of Return (Yacktman) % of 22.83%. The stock's GF Value™ is ฿26.83, compared to a current price of ฿21.22 — trading 20.9% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 22.83%, which is 602% above median its 10-year median of 3.25 and 64.7% above the Restaurants industry median of 13.86. MK Restaurant Group PCL's overall GF Score™ is 94/100 with 4 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 MK Restaurant Group PCL (BKK:M-R), the current Forward Rate of Return (Yacktman) % is 22.83% 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 MK Restaurant Group PCL (BKK:M-R) Overvalued in 2026?

Based on GuruFocus' analysis, MK Restaurant Group PCL stock appears to be undervalued. The current stock price of ฿21.22 is trading 20.9% below its estimated GF Value™ of ฿26.83.

Key valuation signals for BKK:M-R:

  • Forward Rate of Return (Yacktman) %: 22.83% (602% above median its 10-year median of 3.25)
  • GF Value™: ฿26.83 vs. price of ฿21.22 (20.9% below fair value)
  • GF Score™: 94/100 with 4 warning signs
  • Industry Position: 64.7% above the Restaurants median (#69 of 252)

No single metric tells the full story. See the BKK:M-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MK Restaurant Group PCL Business Description

Other Exchanges M:Thailand
Address 1200 Debaratna Road, Bangnatai, Bangna, Bangkok, THA, 10260
MK Restaurant Group PCL operates in Suki, Thai, and Japanese restaurants in Thailand under brand names including MK, Siam, Yayoi, Miyazaki, and Hakata. The company also has a franchise agreement with Plenus-MK Limited for that company to operate franchised Sukiyaki restaurants in Japan. The Group is engaged in two business segments which are restaurant business and other businesses that support restaurant business including training service provider and manufacture and distribution of foods. It generates the majority of its revenue comes from Thailand.
94GF Score

Get the complete analysis for BKK:M-R

Forward Rate of Return (Yacktman) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿21.22
Price
฿26.83
GF Value