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Banco Comercial PortuguesBPCGF 49 Forward Rate of Return (Yacktman) % is 26.57% as of Mar. 2026, which is 79% below its 10-year median of 125.64. GuruFocus rates BPCGF with a GF Score™ of 49/100 and a GF Value™ of $0.53 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,415 Banks companies, Banco Comercial Portugues ranks better than 71.45% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Banco Comercial Portugues's forward rate of return for was 26.57%.
The historical rank and industry rank for Banco Comercial Portugues's Forward Rate of Return (Yacktman) % or its related term are showing as below:
BPCGF'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 22.16 Med: 125.64 Max: 865.38
Current: 22.3
During the past 13 years, Banco Comercial Portugues's highest Forward Rate of Return was 865.38. The lowest was 22.16. And the median was 125.64.
BPCGF's Forward Rate of Return (Yacktman) % is ranked better than 71.45% of 1415
companies
in the Banks industry
Industry Median: 15.4
vs BPCGF: 22.30
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 Book Value 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.
Banco Comercial Portugues Forward Rate of Return (Yacktman) % Related Terms
Banco Comercial Portugues Forward Rate of Return (Yacktman) % Historical Data
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The historical data trend for Banco Comercial Portugues'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.
Banco Comercial Portugues Forward Rate of Return (Yacktman) % Chart
BPCGF vs PNC, USB: Forward Rate of Return (Yacktman) % Comparison
For the Banks - Regional subindustry, Banco Comercial Portugues'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.
Banco Comercial Portugues Forward Rate of Return (Yacktman) % vs Banks Industry
For the Banks industry and Financial Services sector, Banco Comercial Portugues's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Banco Comercial Portugues's Forward Rate of Return (Yacktman) % falls into.
Banco Comercial Portugues 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 26.57% mean?
Banco Comercial Portugues (BPCGF) has a Forward Rate of Return (Yacktman) % of 26.57% 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 Banco Comercial Portugues and its competitors. This is 79% below median its historical median of 125.64. Over the past decade, Banco Comercial Portugues' Forward Rate of Return (Yacktman) % has ranged from 22.16 to 865.38. According to the industry distribution chart, Banco Comercial Portugues ranks #404 out of 1415 companies in the Banks industry, placing it in the top 28.6%.
Is Banco Comercial Portugues' Forward Rate of Return (Yacktman) % too high?
Banco Comercial Portugues' current Forward Rate of Return (Yacktman) % of 26.57% is 79% below median its 10-year median of 125.64. Over the past 10 years, this metric has ranged from a low of 22.16 to a high of 865.38. The Banks industry median Forward Rate of Return (Yacktman) % is 15.40. Banco Comercial Portugues' value of 26.57% is 72.5% above this industry median. Based on the distribution chart, Banco Comercial Portugues ranks #404 out of 1415 companies in the Banks industry, which is above the industry midpoint. Overall, Banco Comercial Portugues has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Banco Comercial Portugues' Forward Rate of Return (Yacktman) % compare to PNC and USB?
According to the Banks industry distribution chart, Banco Comercial Portugues ranks #404 out of 1415 companies for Forward Rate of Return (Yacktman) %. This puts Banco Comercial Portugues in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 15.40. Banco Comercial Portugues' value of 26.57% is 72.5% above this benchmark. Historically, Banco Comercial Portugues' own Forward Rate of Return (Yacktman) % has ranged from 22.16 to 865.38 over the past decade. While the company's 10-year median is 125.64 vs. the industry median of 15.40, Banco Comercial Portugues 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 Banks company?
The median Forward Rate of Return (Yacktman) % among Banks companies is 15.40, based on 1,415 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. Banco Comercial Portugues's current Forward Rate of Return (Yacktman) % of 26.57% is 72.5% 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 Banco Comercial Portugues and its competitors. For the Banks industry, the median Forward Rate of Return (Yacktman) % is 15.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banco Comercial Portugues's current Forward Rate of Return (Yacktman) % is 26.57%, which is 79% below median its own 10-year median of 125.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banco Comercial Portugues stock overvalued right now?
Based on GuruFocus' analysis, Banco Comercial Portugues (BPCGF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.53, compared to a current price of $1.17 — trading 119.8% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 26.57%, which is 79% below median its 10-year median of 125.64 and 72.5% above the Banks industry median of 15.40. Banco Comercial Portugues' overall GF Score™ is 49/100 with 6 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 Banco Comercial Portugues (BPCGF), the current Forward Rate of Return (Yacktman) % is 26.57% 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 Banco Comercial Portugues (BPCGF) Overvalued in 2026?
Based on GuruFocus' analysis, Banco Comercial Portugues stock appears to be overvalued.
The current stock price of $1.17 is trading 119.8% above its estimated GF Value™ of $0.53.
GuruFocus considers Banco Comercial Portugues to be Significantly Overvalued.
Key valuation signals for BPCGF:
Forward Rate of Return (Yacktman) %: 26.57% (79% below median its 10-year median of 125.64)
GF Value™: $0.53 vs. price of $1.17 (119.8% above fair value)
Industry Position: 72.5% above the Banks median (#404 of 1415)
No single metric tells the full story. See the BPCGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Banco Comercial Portugues SA is a Portuguese private sector bank operating in Portugal, as well as Poland, Mozambique, Macau, and Angola. The bank offers a wide range of retail and corporate banking products and services. Its distribution network includes traditional branches, as well as online banking, call centers, mobile banking, ATMs, and point of sale systems. Along with its subsidiaries, it operates in the following segments: Retail Banking, Companies and Corporate, Private Banking, International Businesses, and Other. Maximum revenue is generated from the Retail Banking segment, which serves individuals, small businesses, and SMEs through a mix of mass-market services, personalized relationship management for higher-value customers, and includes the operations of ActivoBank.
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