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Telekom Austria AGCHIX:TKAV 76 Forward Rate of Return (Yacktman) % is 17.01% as of Jun. 2026, which is 1% below its 10-year median of 17.17. GuruFocus rates CHIX:TKAV with a GF Score™ of 76/100 and a GF Value™ of €8.58. The stock has 4 warning signs investors should review. Among 291 Telecommunication Services companies, Telekom Austria AG ranks better than 69.07% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Telekom Austria AG's forward rate of return for was 17.01%.
The historical rank and industry rank for Telekom Austria AG's Forward Rate of Return (Yacktman) % or its related term are showing as below:
CHIX:TKAv'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -5.09 Med: 17.17 Max: 25.97
Current: 17.61
During the past 13 years, Telekom Austria AG's highest Forward Rate of Return was 25.97. The lowest was -5.09. And the median was 17.17.
CHIX:TKAv's Forward Rate of Return (Yacktman) % is ranked better than 69.07% of 291
companies
in the Telecommunication Services industry
Industry Median: 12.37
vs CHIX:TKAv: 17.61
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.
Telekom Austria AG (CHIX:TKAv) 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.
Telekom Austria AG Forward Rate of Return (Yacktman) % Related Terms
Telekom Austria AG Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Telekom Austria AG'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.
Telekom Austria AG Forward Rate of Return (Yacktman) % Chart
CHIX:TKAV vs VZ, TMUS, T: Forward Rate of Return (Yacktman) % Comparison
For the Telecom Services subindustry, Telekom Austria AG'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.
Telekom Austria AG Forward Rate of Return (Yacktman) % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Telekom Austria AG's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Telekom Austria AG's Forward Rate of Return (Yacktman) % falls into.
Telekom Austria AG 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 17.01% mean?
Telekom Austria AG (CHIX:TKAV) has a Forward Rate of Return (Yacktman) % of 17.01% 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 Telekom Austria AG and its competitors. This is near median its historical median of 17.17. According to the industry distribution chart, Telekom Austria AG ranks #90 out of 291 companies in the Telecommunication Services industry, placing it in the top 30.9%.
Is Telekom Austria AG's Forward Rate of Return (Yacktman) % too high?
Telekom Austria AG's current Forward Rate of Return (Yacktman) % of 17.01% is near median its 10-year median of 17.17. The Telecommunication Services industry median Forward Rate of Return (Yacktman) % is 12.37. Telekom Austria AG's value of 17.01% is 37.5% above this industry median. Based on the distribution chart, Telekom Austria AG ranks #90 out of 291 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Telekom Austria AG has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Telekom Austria AG's Forward Rate of Return (Yacktman) % compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Telekom Austria AG ranks #90 out of 291 companies for Forward Rate of Return (Yacktman) %. This puts Telekom Austria AG in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 12.37. Telekom Austria AG's value of 17.01% is 37.5% above this benchmark. While the company's 10-year median is 17.17 vs. the industry median of 12.37, Telekom Austria AG 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 Telecommunication Services company?
The median Forward Rate of Return (Yacktman) % among Telecommunication Services companies is 12.37, based on 291 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. Telekom Austria AG's current Forward Rate of Return (Yacktman) % of 17.01% is 37.5% 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 Telekom Austria AG and its competitors. For the Telecommunication Services industry, the median Forward Rate of Return (Yacktman) % is 12.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telekom Austria AG's current Forward Rate of Return (Yacktman) % is 17.01%, which is near median its own 10-year median of 17.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telekom Austria AG stock overvalued right now?
Telekom Austria AG (CHIX:TKAV) has a current Forward Rate of Return (Yacktman) % of 17.01%. The stock's GF Value™ is €8.58, compared to a current price of €9.53 — trading 11.1% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 17.01%, which is near median its 10-year median of 17.17 and 37.5% above the Telecommunication Services industry median of 12.37. Telekom Austria AG's overall GF Score™ is 76/100 with 4 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 Telekom Austria AG (CHIX:TKAV), the current Forward Rate of Return (Yacktman) % is 17.01% 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 Telekom Austria AG (CHIX:TKAV) Overvalued in 2026?
Based on GuruFocus' analysis, Telekom Austria AG stock appears to be overvalued.
The current stock price of €9.53 is trading 11.1% above its estimated GF Value™ of €8.58.
Key valuation signals for CHIX:TKAV:
Forward Rate of Return (Yacktman) %: 17.01% (near median its 10-year median of 17.17)
GF Value™: €8.58 vs. price of €9.53 (11.1% above fair value)
Industry Position: 37.5% above the Telecommunication Services median (#90 of 291)
No single metric tells the full story. See the CHIX:TKAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Telekom Austria AG is a telecommunications provider. The company offers products and services in the areas of voice telephony, broadband Internet, mobile and home entertainment, as well as smart home, data and IT solutions, wholesale, payment solutions, and digital services. It generates income in the form of Service revenues and Equipment revenues. Geographically, the company operates across Austria, Croatia, Serbia, Slovenia, North Macedonia, Bulgaria, and Belarus. A majority of its revenue is generated from its business in Austria.
76GF Score
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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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