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Pacific Horizon Investment TrustCHIX:PHIL 30 Forward Rate of Return (Yacktman) % is 4.46% as of Jul. 2025, which is 68% below its 10-year median of 13.79. GuruFocus rates CHIX:PHIL with a GF Score™ of 30/100. The stock has 6 warning signs investors should review. Among 1,176 Asset Management companies, Pacific Horizon Investment Trust ranks worse than 50.6% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Pacific Horizon Investment Trust's forward rate of return for was 4.46%.
The historical rank and industry rank for Pacific Horizon Investment Trust's Forward Rate of Return (Yacktman) % or its related term are showing as below:
CHIX:PHIl'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 4.38 Med: 13.79 Max: 20.11
Current: 4.39
During the past 13 years, Pacific Horizon Investment Trust's highest Forward Rate of Return was 20.11. The lowest was 4.38. And the median was 13.79.
CHIX:PHIl's Forward Rate of Return (Yacktman) % is ranked worse than 50.6% of 1176
companies
in the Asset Management industry
Industry Median: 4.5
vs CHIX:PHIl: 4.39
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.
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.
Pacific Horizon Investment Trust Forward Rate of Return (Yacktman) % Related Terms
Pacific Horizon Investment Trust Forward Rate of Return (Yacktman) % Historical Data
* 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.
CHIX:PHIL vs BLK, BX, KKR: Forward Rate of Return (Yacktman) % Comparison
For the Asset Management subindustry, Pacific Horizon Investment Trust'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.
Pacific Horizon Investment Trust Forward Rate of Return (Yacktman) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Pacific Horizon Investment Trust's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Pacific Horizon Investment Trust's Forward Rate of Return (Yacktman) % falls into.
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 4.46% mean?
Pacific Horizon Investment Trust (CHIX:PHIL) has a Forward Rate of Return (Yacktman) % of 4.46% as of Jul. 2025. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Pacific Horizon Investment Trust and its competitors. This is 68% below median its historical median of 13.79. Over the past decade, Pacific Horizon Investment Trust's Forward Rate of Return (Yacktman) % has ranged from 4.38 to 20.11. According to the industry distribution chart, Pacific Horizon Investment Trust ranks #595 out of 1176 companies in the Asset Management industry, placing it in the top 50.6%.
Is Pacific Horizon Investment Trust's Forward Rate of Return (Yacktman) % too high?
Pacific Horizon Investment Trust's current Forward Rate of Return (Yacktman) % of 4.46% is 68% below median its 10-year median of 13.79. Over the past 10 years, this metric has ranged from a low of 4.38 to a high of 20.11. The Asset Management industry median Forward Rate of Return (Yacktman) % is 4.50. Pacific Horizon Investment Trust's value of 4.46% is 0.9% below this industry median. Based on the distribution chart, Pacific Horizon Investment Trust ranks #595 out of 1176 companies in the Asset Management industry, which is below the industry midpoint. Overall, Pacific Horizon Investment Trust has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Pacific Horizon Investment Trust's Forward Rate of Return (Yacktman) % compare to BLK and BX?
According to the Asset Management industry distribution chart, Pacific Horizon Investment Trust ranks #595 out of 1176 companies for Forward Rate of Return (Yacktman) %. This places Pacific Horizon Investment Trust in the lower half of its industry. The industry median Forward Rate of Return (Yacktman) % is 4.50. Pacific Horizon Investment Trust's value of 4.46% is 0.9% below this benchmark. Historically, Pacific Horizon Investment Trust's own Forward Rate of Return (Yacktman) % has ranged from 4.38 to 20.11 over the past decade. While the company's 10-year median is 13.79 vs. the industry median of 4.50, Pacific Horizon Investment Trust 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 an Asset Management company?
The median Forward Rate of Return (Yacktman) % among Asset Management companies is 4.50, based on 1,176 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. Pacific Horizon Investment Trust's current Forward Rate of Return (Yacktman) % of 4.46% is 0.9% 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 Pacific Horizon Investment Trust and its competitors. For the Asset Management industry, the median Forward Rate of Return (Yacktman) % is 4.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pacific Horizon Investment Trust's current Forward Rate of Return (Yacktman) % is 4.46%, which is 68% below median its own 10-year median of 13.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pacific Horizon Investment Trust stock overvalued right now?
Pacific Horizon Investment Trust (CHIX:PHIL) has a current Forward Rate of Return (Yacktman) % of 4.46%. The current Forward Rate of Return (Yacktman) % is 4.46%, which is 68% below median its 10-year median of 13.79 and 0.9% below the Asset Management industry median of 4.50. Pacific Horizon Investment Trust's overall GF Score™ is 30/100 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 Pacific Horizon Investment Trust (CHIX:PHIL), the current Forward Rate of Return (Yacktman) % is 4.46% as of Jul. 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.
Pacific Horizon Investment Trust PLC is a UK-based investment trust company. The company's objective is to invest in the Asia-Pacific region (excluding Japan) and the Indian sub-continent to achieve capital growth. It aims to achieve capital growth through investment in companies listed on the stock markets of the Asia-Pacific region (excluding Japan) and in the Indian sub-continent, as well as in companies based in the region and investment funds specializing in the region or countries, or sectors. The company may use derivatives to reduce, transfer, or eliminate investment risk in its investments, such as index futures, index options, and currency forward transactions.
30GF Score
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