NTG Nordic Transport Group AS (CHIX:NTGC) Forward Rate of Return (Yacktman) %: 21.15% (As of Jun. 2026) — 14% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CHIX:NTGC NTG Nordic Transport Group AS CHIX:NTGC
83 GF Score
Price kr277.00
GF Value kr296.25
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is NTG Nordic Transport Group AS Forward Rate of Return (Yacktman) %?

NTG Nordic Transport Group AS CHIX:NTGC 83 Forward Rate of Return (Yacktman) % is 21.15% as of Jun. 2026, which is 14% below its 10-year median of 24.69. GuruFocus rates CHIX:NTGC with a GF Score™ of 83/100 and a GF Value™ of kr296.25 (Fairly Valued). The stock has 7 warning signs investors should review. Among 766 Transportation companies, NTG Nordic Transport Group AS ranks better than 64.62% on this metric.

Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. NTG Nordic Transport Group AS's forward rate of return for was 21.15%.

The historical rank and industry rank for NTG Nordic Transport Group AS's Forward Rate of Return (Yacktman) % or its related term are showing as below:

CHIX:NTGc' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 13.39   Med: 24.69   Max: 34.14
Current: 16.84

During the past 13 years, NTG Nordic Transport Group AS's highest Forward Rate of Return was 34.14. The lowest was 13.39. And the median was 24.69.

CHIX:NTGc's Forward Rate of Return (Yacktman) % is ranked better than
64.62% of 766 companies
in the Transportation industry
Industry Median: 10.27 vs CHIX:NTGc: 16.84

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.


NTG Nordic Transport Group AS  (CHIX:NTGc) 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.


NTG Nordic Transport Group AS Forward Rate of Return (Yacktman) % Related Terms


NTG Nordic Transport Group AS Forward Rate of Return (Yacktman) % Historical Data

* Premium members only.

The historical data trend for NTG Nordic Transport Group AS'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.

NTG Nordic Transport Group AS Forward Rate of Return (Yacktman) % Chart

NTG Nordic Transport Group AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Forward Rate of Return (Yacktman) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 14.23 29.24 25.15

NTG Nordic Transport Group AS Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Forward Rate of Return (Yacktman) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 33.32 28.81 25.15 24.40 21.15

CHIX:NTGC vs UPS, FDX, EXPD: Forward Rate of Return (Yacktman) % Comparison

For the Integrated Freight & Logistics subindustry, NTG Nordic Transport Group AS'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.


NTG Nordic Transport Group AS Forward Rate of Return (Yacktman) % vs Transportation Industry

For the Transportation industry and Industrials sector, NTG Nordic Transport Group AS's Forward Rate of Return (Yacktman) % distribution charts can be found below:

* The bar in red indicates where NTG Nordic Transport Group AS's Forward Rate of Return (Yacktman) % falls into.


CHIX:NTGC
83GF Score
NTG Nordic Transport Group AS CHIX:NTGC
Forward Rate of Return (Yacktman) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NTG Nordic Transport Group AS 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).

NTG Nordic Transport Group AS's Forward Rate of Return of Jun. 2026 is

Forward Rate of Return=Normalized Free Cash Flow/Price+5-Year EBITDA Growth Rate
=26.60857143/174.1+0.0732
=22.60 %

* 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 21.15% mean?
NTG Nordic Transport Group AS (CHIX:NTGC) has a Forward Rate of Return (Yacktman) % of 21.15% 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 NTG Nordic Transport Group AS and its competitors. This is 14% below median its historical median of 24.69. Over the past decade, NTG Nordic Transport Group AS's Forward Rate of Return (Yacktman) % has ranged from 13.39 to 34.14. According to the industry distribution chart, NTG Nordic Transport Group AS ranks #271 out of 766 companies in the Transportation industry, placing it in the top 35.4%.
Is NTG Nordic Transport Group AS's Forward Rate of Return (Yacktman) % too high?
NTG Nordic Transport Group AS's current Forward Rate of Return (Yacktman) % of 21.15% is 14% below median its 10-year median of 24.69. Over the past 10 years, this metric has ranged from a low of 13.39 to a high of 34.14. The Transportation industry median Forward Rate of Return (Yacktman) % is 10.27. NTG Nordic Transport Group AS's value of 21.15% is 105.9% above this industry median. Based on the distribution chart, NTG Nordic Transport Group AS ranks #271 out of 766 companies in the Transportation industry, which is above the industry midpoint. Overall, NTG Nordic Transport Group AS has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NTG Nordic Transport Group AS's Forward Rate of Return (Yacktman) % compare to UPS and FDX?
According to the Transportation industry distribution chart, NTG Nordic Transport Group AS ranks #271 out of 766 companies for Forward Rate of Return (Yacktman) %. This puts NTG Nordic Transport Group AS in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 10.27. NTG Nordic Transport Group AS's value of 21.15% is 105.9% above this benchmark. Historically, NTG Nordic Transport Group AS's own Forward Rate of Return (Yacktman) % has ranged from 13.39 to 34.14 over the past decade. While the company's 10-year median is 24.69 vs. the industry median of 10.27, NTG Nordic Transport Group AS 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 Transportation company?
The median Forward Rate of Return (Yacktman) % among Transportation companies is 10.27, based on 766 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. NTG Nordic Transport Group AS's current Forward Rate of Return (Yacktman) % of 21.15% is 105.9% 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 NTG Nordic Transport Group AS and its competitors. For the Transportation industry, the median Forward Rate of Return (Yacktman) % is 10.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NTG Nordic Transport Group AS's current Forward Rate of Return (Yacktman) % is 21.15%, which is 14% below median its own 10-year median of 24.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NTG Nordic Transport Group AS stock overvalued right now?
Based on GuruFocus' analysis, NTG Nordic Transport Group AS (CHIX:NTGC) is currently considered Fairly Valued. The stock's GF Value™ is kr296.25, compared to a current price of kr277.00 — trading 6.5% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 21.15%, which is 14% below median its 10-year median of 24.69 and 105.9% above the Transportation industry median of 10.27. NTG Nordic Transport Group AS's overall GF Score™ is 83/100 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 NTG Nordic Transport Group AS (CHIX:NTGC), the current Forward Rate of Return (Yacktman) % is 21.15% 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 NTG Nordic Transport Group AS (CHIX:NTGC) Overvalued in 2026?

Based on GuruFocus' analysis, NTG Nordic Transport Group AS stock appears to be undervalued. The current stock price of kr277.00 is trading 6.5% below its estimated GF Value™ of kr296.25. GuruFocus considers NTG Nordic Transport Group AS to be Fairly Valued.

Key valuation signals for CHIX:NTGC:

  • Forward Rate of Return (Yacktman) %: 21.15% (14% below median its 10-year median of 24.69)
  • GF Value™: kr296.25 vs. price of kr277.00 (6.5% below fair value)
  • GF Score™: 83/100 with 7 warning signs
  • Industry Position: 105.9% above the Transportation median (#271 of 766)

No single metric tells the full story. See the CHIX:NTGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NTG Nordic Transport Group AS Business Description

Other Exchanges NTG:DenmarkNRSA:Germany
Address Hammerholmen 47, Hvidovre, DNK, DK-2650
NTG Nordic Transport Group AS is a Denmark-based transport company. It offers the full range of freight forwarding services and end-to-end solutions within Air & Ocean and Road & Logistics, fueled by people power and technology. Business segments of the company include Road & Logistics and Air & Ocean. The majority of its revenue is earned through the Road & Logistics segment, which provides transport and warehousing solutions with a geographical focus on Europe. Geographically, the revenues are earned in Denmark, Sweden, the USA, Germany, Finland, and other countries, with key revenue derived from Denmark.
83GF Score

Get the complete analysis for CHIX:NTGC

Forward Rate of Return (Yacktman) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr277.00
Price
kr296.25
GF Value