Ratchthani Leasing PCLBKK:THANI-R 58 Forward Rate of Return (Yacktman) % is 15.70% as of Mar. 2026, which is 342% above its 10-year median of 3.55. GuruFocus rates BKK:THANI-R with a GF Score™ of 58/100 and a GF Value™ of ฿2.59. The stock has 7 warning signs investors should review. Among 392 Credit Services companies, Ratchthani Leasing PCL ranks better than 61.22% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Ratchthani Leasing PCL's forward rate of return for was 15.70%.
The historical rank and industry rank for Ratchthani Leasing PCL's Forward Rate of Return (Yacktman) % or its related term are showing as below:
BKK:THANI-R'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -12.98 Med: 3.55 Max: 25.11
Current: 10.74
During the past 13 years, Ratchthani Leasing PCL's highest Forward Rate of Return was 25.11. The lowest was -12.98. And the median was 3.55.
BKK:THANI-R's Forward Rate of Return (Yacktman) % is ranked better than 61.22% of 392
companies
in the Credit Services industry
Industry Median: 4.705
vs BKK:THANI-R: 10.74
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.
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.
Ratchthani Leasing PCL Forward Rate of Return (Yacktman) % Related Terms
Ratchthani Leasing PCL Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Ratchthani Leasing 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.
Ratchthani Leasing PCL Forward Rate of Return (Yacktman) % Chart
BKK:THANI-R vs V, MA, AXP: Forward Rate of Return (Yacktman) % Comparison
For the Credit Services subindustry, Ratchthani Leasing 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.
Ratchthani Leasing PCL Forward Rate of Return (Yacktman) % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Ratchthani Leasing PCL's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Ratchthani Leasing PCL's Forward Rate of Return (Yacktman) % falls into.
Ratchthani Leasing 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).
* 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 15.70% mean?
Ratchthani Leasing PCL (BKK:THANI-R) has a Forward Rate of Return (Yacktman) % of 15.70% as of Mar. 2026. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Ratchthani Leasing PCL and its competitors. This is 342% above median its historical median of 3.55. According to the industry distribution chart, Ratchthani Leasing PCL ranks #152 out of 392 companies in the Credit Services industry, placing it in the top 38.8%.
Is Ratchthani Leasing PCL's Forward Rate of Return (Yacktman) % too high?
Ratchthani Leasing PCL's current Forward Rate of Return (Yacktman) % of 15.70% is 342% above median its 10-year median of 3.55. The Credit Services industry median Forward Rate of Return (Yacktman) % is 4.71. Ratchthani Leasing PCL's value of 15.70% is 233.7% above this industry median. Based on the distribution chart, Ratchthani Leasing PCL ranks #152 out of 392 companies in the Credit Services industry, which is above the industry midpoint. Overall, Ratchthani Leasing PCL has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Ratchthani Leasing PCL's Forward Rate of Return (Yacktman) % compare to V and MA?
According to the Credit Services industry distribution chart, Ratchthani Leasing PCL ranks #152 out of 392 companies for Forward Rate of Return (Yacktman) %. This puts Ratchthani Leasing PCL in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 4.71. Ratchthani Leasing PCL's value of 15.70% is 233.7% above this benchmark. While the company's 10-year median is 3.55 vs. the industry median of 4.71, Ratchthani Leasing 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 Credit Services company?
The median Forward Rate of Return (Yacktman) % among Credit Services companies is 4.71, based on 392 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. Ratchthani Leasing PCL's current Forward Rate of Return (Yacktman) % of 15.70% is 233.7% 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 Ratchthani Leasing PCL and its competitors. For the Credit Services industry, the median Forward Rate of Return (Yacktman) % is 4.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ratchthani Leasing PCL's current Forward Rate of Return (Yacktman) % is 15.70%, which is 342% above median its own 10-year median of 3.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ratchthani Leasing PCL stock overvalued right now?
Ratchthani Leasing PCL (BKK:THANI-R) has a current Forward Rate of Return (Yacktman) % of 15.70%. The stock's GF Value™ is ฿2.59, compared to a current price of ฿2.94 — trading 13.5% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 15.70%, which is 342% above median its 10-year median of 3.55 and 233.7% above the Credit Services industry median of 4.71. Ratchthani Leasing PCL's overall GF Score™ is 58/100 with 7 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 Ratchthani Leasing PCL (BKK:THANI-R), the current Forward Rate of Return (Yacktman) % is 15.70% as of Mar. 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 Ratchthani Leasing PCL (BKK:THANI-R) Overvalued in 2026?
Based on GuruFocus' analysis, Ratchthani Leasing PCL stock appears to be overvalued.
The current stock price of ฿2.94 is trading 13.5% above its estimated GF Value™ of ฿2.59.
Key valuation signals for BKK:THANI-R:
Forward Rate of Return (Yacktman) %: 15.70% (342% above median its 10-year median of 3.55)
GF Value™: ฿2.59 vs. price of ฿2.94 (13.5% above fair value)
Industry Position: 233.7% above the Credit Services median (#152 of 392)
No single metric tells the full story. See the BKK:THANI-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ratchthani Leasing PCL is engaged in providing financial services specifically hire-purchase and leasing. It conducts business by providing hire-purchase credit services and financial leasing services for commercial cars, vehicles, and other assets, including one-stop relevant services. The company's business consists of primary activities, including inbound logistics management, operations, outbound logistics, marketing and sales, and customer services.
58GF Score
Get the complete analysis for BKK:THANI-R
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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