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Bolsa de Valores de ColombiaBOG:BVC 81 Forward Rate of Return (Yacktman) % is 25.86% as of Dec. 2025, which is 48% above its 10-year median of 17.50. GuruFocus rates BOG:BVC with a GF Score™ of 81/100 and a GF Value™ of COP14,239.92 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 517 Capital Markets companies, Bolsa de Valores de Colombia ranks better than 87.23% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Bolsa de Valores de Colombia's forward rate of return for was 25.86%.
The historical rank and industry rank for Bolsa de Valores de Colombia's Forward Rate of Return (Yacktman) % or its related term are showing as below:
BOG:BVC'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -4.32 Med: 17.5 Max: 27.91
Current: 25.36
During the past 13 years, Bolsa de Valores de Colombia's highest Forward Rate of Return was 27.91. The lowest was -4.32. And the median was 17.50.
BOG:BVC's Forward Rate of Return (Yacktman) % is ranked better than 87.23% of 517
companies
in the Capital Markets industry
Industry Median: 9.19
vs BOG:BVC: 25.36
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.
Bolsa de Valores de Colombia (BOG:BVC) 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.
Bolsa de Valores de Colombia Forward Rate of Return (Yacktman) % Related Terms
Bolsa de Valores de Colombia Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Bolsa de Valores de Colombia'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.
Bolsa de Valores de Colombia Forward Rate of Return (Yacktman) % Chart
BOG:BVC vs SPGI, CME, ICE: Forward Rate of Return (Yacktman) % Comparison
For the Financial Data & Stock Exchanges subindustry, Bolsa de Valores de Colombia'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.
Bolsa de Valores de Colombia Forward Rate of Return (Yacktman) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Bolsa de Valores de Colombia's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Bolsa de Valores de Colombia's Forward Rate of Return (Yacktman) % falls into.
Bolsa de Valores de Colombia 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 25.86% mean?
Bolsa de Valores de Colombia (BOG:BVC) has a Forward Rate of Return (Yacktman) % of 25.86% 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 Bolsa de Valores de Colombia and its competitors. This is 48% above median its historical median of 17.50. According to the industry distribution chart, Bolsa de Valores de Colombia ranks #66 out of 517 companies in the Capital Markets industry, placing it in the top 12.8%.
Is Bolsa de Valores de Colombia's Forward Rate of Return (Yacktman) % too high?
Bolsa de Valores de Colombia's current Forward Rate of Return (Yacktman) % of 25.86% is 48% above median its 10-year median of 17.50. The Capital Markets industry median Forward Rate of Return (Yacktman) % is 9.19. Bolsa de Valores de Colombia's value of 25.86% is 181.4% above this industry median. Based on the distribution chart, Bolsa de Valores de Colombia ranks #66 out of 517 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Bolsa de Valores de Colombia has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bolsa de Valores de Colombia's Forward Rate of Return (Yacktman) % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Bolsa de Valores de Colombia ranks #66 out of 517 companies for Forward Rate of Return (Yacktman) %. This places Bolsa de Valores de Colombia in the top 13% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 9.19. Bolsa de Valores de Colombia's value of 25.86% is 181.4% above this benchmark. While the company's 10-year median is 17.50 vs. the industry median of 9.19, Bolsa de Valores de Colombia 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 Capital Markets company?
The median Forward Rate of Return (Yacktman) % among Capital Markets companies is 9.19, based on 517 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. Bolsa de Valores de Colombia's current Forward Rate of Return (Yacktman) % of 25.86% is 181.4% 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 Bolsa de Valores de Colombia and its competitors. For the Capital Markets industry, the median Forward Rate of Return (Yacktman) % is 9.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bolsa de Valores de Colombia's current Forward Rate of Return (Yacktman) % is 25.86%, which is 48% above median its own 10-year median of 17.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bolsa de Valores de Colombia stock overvalued right now?
Based on GuruFocus' analysis, Bolsa de Valores de Colombia (BOG:BVC) is currently considered Modestly Overvalued. The stock's GF Value™ is COP14,239.92, compared to a current price of COP15,840.00 — trading 11.2% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 25.86%, which is 48% above median its 10-year median of 17.50 and 181.4% above the Capital Markets industry median of 9.19. Bolsa de Valores de Colombia's overall GF Score™ is 81/100 with 8 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 Bolsa de Valores de Colombia (BOG:BVC), the current Forward Rate of Return (Yacktman) % is 25.86% 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 Bolsa de Valores de Colombia (BOG:BVC) Overvalued in 2026?
Based on GuruFocus' analysis, Bolsa de Valores de Colombia stock appears to be overvalued.
The current stock price of COP15,840.00 is trading 11.2% above its estimated GF Value™ of COP14,239.92.
GuruFocus considers Bolsa de Valores de Colombia to be Modestly Overvalued.
Key valuation signals for BOG:BVC:
Forward Rate of Return (Yacktman) %: 25.86% (48% above median its 10-year median of 17.50)
GF Value™: COP14,239.92 vs. price of COP15,840.00 (11.2% above fair value)
Industry Position: 181.4% above the Capital Markets median (#66 of 517)
No single metric tells the full story. See the BOG:BVC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bolsa de Valores de Colombia SA is a operator of the Colombian capital markets infrastructure. The company offers solutions and services for Issuers (issuer services and issuances), Trading (access, transactions, and registration), Post-trading (risk management, clearing, settlement, custody, and securities administration), and Information (market information and price provision) in the transactional and OTC markets for equities, fixed income, derivatives, and foreign exchange.
81GF Score
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