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CB Financial ServicesCBFV +0.35%59 Forward Rate of Return (Yacktman) % is 13.56% as of Jun. 2026, which is 22% above its 10-year median of 11.14. GuruFocus rates CBFV with a GF Score™ of 59/100 and a GF Value™ of $33.02 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,418 Banks companies, CB Financial Services ranks worse than 57.48% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. CB Financial Services's forward rate of return for was 13.56%.
The historical rank and industry rank for CB Financial Services's Forward Rate of Return (Yacktman) % or its related term are showing as below:
CBFV'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 5.61 Med: 11.14 Max: 30.31
Current: 13.68
During the past 13 years, CB Financial Services's highest Forward Rate of Return was 30.31. The lowest was 5.61. And the median was 11.14.
CBFV's Forward Rate of Return (Yacktman) % is ranked worse than 57.48% of 1418
companies
in the Banks industry
Industry Median: 15.53
vs CBFV: 13.68
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.
CB Financial Services Forward Rate of Return (Yacktman) % Related Terms
CB Financial Services Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for CB Financial Services'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.
CB Financial Services Forward Rate of Return (Yacktman) % Chart
CBFV vs FGFH, ARBV, CPKF: Forward Rate of Return (Yacktman) % Comparison
For the Banks - Regional subindustry, CB Financial Services'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.
CB Financial Services Forward Rate of Return (Yacktman) % vs Banks Industry
For the Banks industry and Financial Services sector, CB Financial Services's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where CB Financial Services's Forward Rate of Return (Yacktman) % falls into.
CB Financial Services 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 13.56% mean?
CB Financial Services (CBFV) has a Forward Rate of Return (Yacktman) % of 13.56% 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 CB Financial Services and its competitors. This is 22% above median its historical median of 11.14. Over the past decade, CB Financial Services' Forward Rate of Return (Yacktman) % has ranged from 5.61 to 30.31. According to the industry distribution chart, CB Financial Services ranks #815 out of 1418 companies in the Banks industry, placing it in the top 57.5%.
Is CB Financial Services' Forward Rate of Return (Yacktman) % too high?
CB Financial Services' current Forward Rate of Return (Yacktman) % of 13.56% is 22% above median its 10-year median of 11.14. Over the past 10 years, this metric has ranged from a low of 5.61 to a high of 30.31. The Banks industry median Forward Rate of Return (Yacktman) % is 15.53. CB Financial Services' value of 13.56% is 12.7% below this industry median. Based on the distribution chart, CB Financial Services ranks #815 out of 1418 companies in the Banks industry, which is below the industry midpoint. Overall, CB Financial Services has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CB Financial Services' Forward Rate of Return (Yacktman) % compare to FGFH and ARBV?
According to the Banks industry distribution chart, CB Financial Services ranks #815 out of 1418 companies for Forward Rate of Return (Yacktman) %. This places CB Financial Services in the lower half of its industry. The industry median Forward Rate of Return (Yacktman) % is 15.53. CB Financial Services' value of 13.56% is 12.7% below this benchmark. Historically, CB Financial Services' own Forward Rate of Return (Yacktman) % has ranged from 5.61 to 30.31 over the past decade. While the company's 10-year median is 11.14 vs. the industry median of 15.53, CB Financial Services 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 a Banks company?
The median Forward Rate of Return (Yacktman) % among Banks companies is 15.53, based on 1,418 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. CB Financial Services's current Forward Rate of Return (Yacktman) % of 13.56% is 12.7% 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 CB Financial Services and its competitors. For the Banks industry, the median Forward Rate of Return (Yacktman) % is 15.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CB Financial Services's current Forward Rate of Return (Yacktman) % is 13.56%, which is 22% above median its own 10-year median of 11.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CB Financial Services stock overvalued right now?
Based on GuruFocus' analysis, CB Financial Services (CBFV) is currently considered Modestly Overvalued. The stock's GF Value™ is $33.02, compared to a current price of $37.27 — trading 12.9% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 13.56%, which is 22% above median its 10-year median of 11.14 and 12.7% below the Banks industry median of 15.53. CB Financial Services' overall GF Score™ is 59/100 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 CB Financial Services (CBFV), the current Forward Rate of Return (Yacktman) % is 13.56% 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 CB Financial Services (CBFV) Overvalued in 2026?
Based on GuruFocus' analysis, CB Financial Services stock appears to be overvalued.
The current stock price of $37.27 is trading 12.9% above its estimated GF Value™ of $33.02.
GuruFocus considers CB Financial Services to be Modestly Overvalued.
Key valuation signals for CBFV:
Forward Rate of Return (Yacktman) %: 13.56% (22% above median its 10-year median of 11.14)
GF Value™: $33.02 vs. price of $37.27 (12.9% above fair value)
Industry Position: 12.7% below the Banks median (#815 of 1418)
No single metric tells the full story. See the CBFV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CB Financial Services Incis a bank holding company headquartered in Carmichaels, Pennsylvania. The company had one reportable segment, community banking services. The Bank also has a loan production office in Allegheny County, a loan production office and a corporate center in Washington County, and an operations center in Greene County, Pennsylvania. The Bank is a community-oriented institution offering residential and commercial real estate loans, commercial and industrial loans, and consumer loans, as well as a variety of deposit products for individuals and businesses in its market area.
59GF Score
Get the complete analysis for CBFV
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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