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Cal-Maine FoodsCALM -0.54%75 Forward Rate of Return (Yacktman) % is 32.91% as of May. 2026, which is 11% above its 10-year median of 29.75. GuruFocus rates CALM with a GF Score™ of 75/100 and a GF Value™ of $67.80 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,403 Consumer Packaged Goods companies, Cal-Maine Foods ranks better than 95.44% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Cal-Maine Foods's forward rate of return for was 32.91%.
The historical rank and industry rank for Cal-Maine Foods's Forward Rate of Return (Yacktman) % or its related term are showing as below:
CALM'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 24.21 Med: 29.75 Max: 33.06
Current: 31.39
During the past 13 years, Cal-Maine Foods's highest Forward Rate of Return was 33.06. The lowest was 24.21. And the median was 29.75.
CALM's Forward Rate of Return (Yacktman) % is ranked better than 95.44% of 1403
companies
in the Consumer Packaged Goods industry
Industry Median: 8.31
vs CALM: 31.39
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.
Cal-Maine Foods (NAS:CALM) 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.
Cal-Maine Foods Forward Rate of Return (Yacktman) % Related Terms
Cal-Maine Foods Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Cal-Maine Foods'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.
Cal-Maine Foods Forward Rate of Return (Yacktman) % Chart
CALM vs AGRO, DMC, DOLE: Forward Rate of Return (Yacktman) % Comparison
For the Farm Products subindustry, Cal-Maine Foods'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.
Cal-Maine Foods Forward Rate of Return (Yacktman) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Cal-Maine Foods's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Cal-Maine Foods's Forward Rate of Return (Yacktman) % falls into.
Cal-Maine Foods 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 32.91% mean?
Cal-Maine Foods (CALM) has a Forward Rate of Return (Yacktman) % of 32.91% as of May. 2026. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Cal-Maine Foods and its competitors. This is 11% above median its historical median of 29.75. Over the past decade, Cal-Maine Foods' Forward Rate of Return (Yacktman) % has ranged from 24.21 to 33.06. According to the industry distribution chart, Cal-Maine Foods ranks #64 out of 1403 companies in the Consumer Packaged Goods industry, placing it in the top 4.6%.
Is Cal-Maine Foods' Forward Rate of Return (Yacktman) % too high?
Cal-Maine Foods' current Forward Rate of Return (Yacktman) % of 32.91% is 11% above median its 10-year median of 29.75. Over the past 10 years, this metric has ranged from a low of 24.21 to a high of 33.06. The Consumer Packaged Goods industry median Forward Rate of Return (Yacktman) % is 8.31. Cal-Maine Foods' value of 32.91% is 296% above this industry median. Based on the distribution chart, Cal-Maine Foods ranks #64 out of 1403 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Cal-Maine Foods has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cal-Maine Foods' Forward Rate of Return (Yacktman) % compare to AGRO and DMC?
According to the Consumer Packaged Goods industry distribution chart, Cal-Maine Foods ranks #64 out of 1403 companies for Forward Rate of Return (Yacktman) %. This places Cal-Maine Foods in the top 5% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 8.31. Cal-Maine Foods' value of 32.91% is 296% above this benchmark. Historically, Cal-Maine Foods' own Forward Rate of Return (Yacktman) % has ranged from 24.21 to 33.06 over the past decade. While the company's 10-year median is 29.75 vs. the industry median of 8.31, Cal-Maine Foods 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 Consumer Packaged Goods company?
The median Forward Rate of Return (Yacktman) % among Consumer Packaged Goods companies is 8.31, based on 1,403 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. Cal-Maine Foods's current Forward Rate of Return (Yacktman) % of 32.91% is 296% 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 Cal-Maine Foods and its competitors. For the Consumer Packaged Goods industry, the median Forward Rate of Return (Yacktman) % is 8.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cal-Maine Foods's current Forward Rate of Return (Yacktman) % is 32.91%, which is 11% above median its own 10-year median of 29.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cal-Maine Foods stock overvalued right now?
Based on GuruFocus' analysis, Cal-Maine Foods (CALM) is currently considered Modestly Overvalued. The stock's GF Value™ is $67.80, compared to a current price of $84.14 — trading 24.1% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 32.91%, which is 11% above median its 10-year median of 29.75 and 296% above the Consumer Packaged Goods industry median of 8.31. Cal-Maine Foods' overall GF Score™ is 75/100 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 Cal-Maine Foods (CALM), the current Forward Rate of Return (Yacktman) % is 32.91% as of May. 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 Cal-Maine Foods (CALM) Overvalued in 2026?
Based on GuruFocus' analysis, Cal-Maine Foods stock appears to be overvalued.
The current stock price of $84.14 is trading 24.1% above its estimated GF Value™ of $67.80.
GuruFocus considers Cal-Maine Foods to be Modestly Overvalued.
Key valuation signals for CALM:
Forward Rate of Return (Yacktman) %: 32.91% (11% above median its 10-year median of 29.75)
GF Value™: $67.80 vs. price of $84.14 (24.1% above fair value)
Industry Position: 296% above the Consumer Packaged Goods median (#64 of 1403)
No single metric tells the full story. See the CALM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cal-Maine Foods Inc produces and sells shell eggs. Its main market is the United States. The company's product portfolio contains nutritionally enhanced, cage-free, organic, and brown eggs. Cal-Maine Foods markets the shell eggs to a diverse group of customers, including grocery-store chains, club stores, and food service distributors. The company's brands are Egg-Land's, Land O' Lakes, Farmhouse, and 4-Grain. The Company has one reportable operating segment, which is the production, grading, packaging, marketing and distribution of shell eggs.
75GF Score
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