Muang Thai Insurance PCL (BKK:MTI-R) Forward Rate of Return (Yacktman) %: 16.74% (As of Jun. 2026) — 15% Below Median

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Director of Data and Quant Analytics at GuruFocus
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BKK:MTI-R Muang Thai Insurance PCL BKK:MTI-R
82 GF Score
Price ฿17.80
GF Value ฿18.41
Valuation Fairly Valued
! 4 Warning Signs
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What is Muang Thai Insurance PCL Forward Rate of Return (Yacktman) %?

Muang Thai Insurance PCL BKK:MTI-R 82 Forward Rate of Return (Yacktman) % is 16.74% as of Jun. 2026, which is 15% below its 10-year median of 19.63. GuruFocus rates BKK:MTI-R with a GF Score™ of 82/100 and a GF Value™ of ฿18.41 (Fairly Valued). The stock has 4 warning signs investors should review. Among 280 Insurance companies, Muang Thai Insurance PCL ranks worse than 52.14% on this metric.

Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Muang Thai Insurance PCL's forward rate of return for was 16.74%.

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

BKK:MTI-R' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 15.86   Med: 19.63   Max: 26.54
Current: 16.26

During the past 13 years, Muang Thai Insurance PCL's highest Forward Rate of Return was 26.54. The lowest was 15.86. And the median was 19.63.

BKK:MTI-R's Forward Rate of Return (Yacktman) % is ranked worse than
52.14% of 280 companies
in the Insurance industry
Industry Median: 17.025 vs BKK:MTI-R: 16.26

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.


Muang Thai Insurance PCL  (BKK:MTI-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.


Muang Thai Insurance PCL Forward Rate of Return (Yacktman) % Related Terms


Muang Thai Insurance PCL Forward Rate of Return (Yacktman) % Historical Data

* Premium members only.

The historical data trend for Muang Thai Insurance 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.

Muang Thai Insurance PCL Forward Rate of Return (Yacktman) % Chart

Muang Thai Insurance 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 0.00 0.00 0.00 25.47 18.47

Muang Thai Insurance 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 20.23 18.56 18.47 17.67 16.74

BKK:MTI-R vs CB, PGR, TRV: Forward Rate of Return (Yacktman) % Comparison

For the Insurance - Property & Casualty subindustry, Muang Thai Insurance 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.


Muang Thai Insurance PCL Forward Rate of Return (Yacktman) % vs Insurance Industry

For the Insurance industry and Financial Services sector, Muang Thai Insurance PCL's Forward Rate of Return (Yacktman) % distribution charts can be found below:

* The bar in red indicates where Muang Thai Insurance PCL's Forward Rate of Return (Yacktman) % falls into.


BKK:MTI-R
82GF Score
Muang Thai Insurance PCL BKK:MTI-R
Forward Rate of Return (Yacktman) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Muang Thai Insurance 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).

Muang Thai Insurance PCL's Forward Rate of Return of Jun. 2026 is

Forward Rate of Return=Normalized Free Cash Flow/Price+5-Year EBITDA Growth Rate
=0.83580952/17.6+0.1148
=16.23 %

* 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 16.74% mean?
Muang Thai Insurance PCL (BKK:MTI-R) has a Forward Rate of Return (Yacktman) % of 16.74% 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 Muang Thai Insurance PCL and its competitors. This is 15% below median its historical median of 19.63. Over the past decade, Muang Thai Insurance PCL's Forward Rate of Return (Yacktman) % has ranged from 15.86 to 26.54. According to the industry distribution chart, Muang Thai Insurance PCL ranks #146 out of 280 companies in the Insurance industry, placing it in the top 52.1%.
Is Muang Thai Insurance PCL's Forward Rate of Return (Yacktman) % too high?
Muang Thai Insurance PCL's current Forward Rate of Return (Yacktman) % of 16.74% is 15% below median its 10-year median of 19.63. Over the past 10 years, this metric has ranged from a low of 15.86 to a high of 26.54. The Insurance industry median Forward Rate of Return (Yacktman) % is 17.03. Muang Thai Insurance PCL's value of 16.74% is 1.7% below this industry median. Based on the distribution chart, Muang Thai Insurance PCL ranks #146 out of 280 companies in the Insurance industry, which is below the industry midpoint. Overall, Muang Thai Insurance PCL has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Muang Thai Insurance PCL's Forward Rate of Return (Yacktman) % compare to CB and PGR?
According to the Insurance industry distribution chart, Muang Thai Insurance PCL ranks #146 out of 280 companies for Forward Rate of Return (Yacktman) %. This places Muang Thai Insurance PCL in the lower half of its industry. The industry median Forward Rate of Return (Yacktman) % is 17.03. Muang Thai Insurance PCL's value of 16.74% is 1.7% below this benchmark. Historically, Muang Thai Insurance PCL's own Forward Rate of Return (Yacktman) % has ranged from 15.86 to 26.54 over the past decade. While the company's 10-year median is 19.63 vs. the industry median of 17.03, Muang Thai Insurance PCL has consistently been below 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 Insurance company?
The median Forward Rate of Return (Yacktman) % among Insurance companies is 17.03, based on 280 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. Muang Thai Insurance PCL's current Forward Rate of Return (Yacktman) % of 16.74% is 1.7% below 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 Muang Thai Insurance PCL and its competitors. For the Insurance industry, the median Forward Rate of Return (Yacktman) % is 17.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Muang Thai Insurance PCL's current Forward Rate of Return (Yacktman) % is 16.74%, which is 15% below median its own 10-year median of 19.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Muang Thai Insurance PCL stock overvalued right now?
Based on GuruFocus' analysis, Muang Thai Insurance PCL (BKK:MTI-R) is currently considered Fairly Valued. The stock's GF Value™ is ฿18.41, compared to a current price of ฿17.80 — trading 3.3% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 16.74%, which is 15% below median its 10-year median of 19.63 and 1.7% below the Insurance industry median of 17.03. Muang Thai Insurance PCL's overall GF Score™ is 82/100 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 Muang Thai Insurance PCL (BKK:MTI-R), the current Forward Rate of Return (Yacktman) % is 16.74% 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 Muang Thai Insurance PCL (BKK:MTI-R) Overvalued in 2026?

Based on GuruFocus' analysis, Muang Thai Insurance PCL stock appears to be undervalued. The current stock price of ฿17.80 is trading 3.3% below its estimated GF Value™ of ฿18.41. GuruFocus considers Muang Thai Insurance PCL to be Fairly Valued.

Key valuation signals for BKK:MTI-R:

  • Forward Rate of Return (Yacktman) %: 16.74% (15% below median its 10-year median of 19.63)
  • GF Value™: ฿18.41 vs. price of ฿17.80 (3.3% below fair value)
  • GF Score™: 82/100 with 4 warning signs
  • Industry Position: 1.7% below the Insurance median (#146 of 280)

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


Muang Thai Insurance PCL Business Description

Other Exchanges MTI:Thailand
Address 252, Rajadapisek Road, Building 1, Huaykwang Sub-district, Huaykwang District, Bangkok, THA, 10310
Muang Thai Insurance PCL is an insurance company whose core business is non-life insurance. As such, the company provides services including motor, property, marine, transportation, engineering, personal accident, health, special products, liability, and miscellaneous insurance. The company organizes its operations into two segments: Motor and Non-Motor Products. Motor products include insure of compulsory and voluntary motor; Non-motor products include insure of property, marine and transportation, fire, engineering, personal accident and health, special products and liability and miscellaneous insurance. It generates its revenue from the premium income both direct premiums and reinsurance premiums, including the fees and commissions received.
82GF Score

Get the complete analysis for BKK:MTI-R

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

฿17.80
Price
฿18.41
GF Value