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Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Cincinnati Financial's forward rate of return for was 0.00%.
The historical rank and industry rank for Cincinnati Financial's Forward Rate of Return (Yacktman) % or its related term are showing as below:
CINF'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 1.9 Med: 12.17 Max: 29.43
Current: 18.01
During the past 13 years, Cincinnati Financial's highest Forward Rate of Return was 29.43. The lowest was 1.90. And the median was 12.17.
CINF's Forward Rate of Return (Yacktman) % is ranked better than 52.88% of 278
companies
in the Insurance industry
Industry Median: 16.63
vs CINF: 18.01
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.
Cincinnati Financial (NAS:CINF) 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.
Cincinnati Financial Forward Rate of Return (Yacktman) % Related Terms
Cincinnati Financial Forward Rate of Return (Yacktman) % Historical Data
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The historical data trend for Cincinnati Financial'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.
Cincinnati Financial Forward Rate of Return (Yacktman) % Chart
CINF vs WRB, MKL, L: Forward Rate of Return (Yacktman) % Comparison
For the Insurance - Property & Casualty subindustry, Cincinnati Financial'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.
Cincinnati Financial Forward Rate of Return (Yacktman) % vs Insurance Industry
For the Insurance industry and Financial Services sector, Cincinnati Financial's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Cincinnati Financial's Forward Rate of Return (Yacktman) % falls into.
Cincinnati Financial 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 0.00% mean?
Cincinnati Financial (CINF) has a Forward Rate of Return (Yacktman) % of 0.00% 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 Cincinnati Financial and its competitors. Over the past decade, Cincinnati Financial's Forward Rate of Return (Yacktman) % has ranged from 1.90 to 29.43. According to the industry distribution chart, Cincinnati Financial ranks #131 out of 278 companies in the Insurance industry, placing it in the top 47.1%.
Is Cincinnati Financial's Forward Rate of Return (Yacktman) % too high?
Cincinnati Financial's current Forward Rate of Return (Yacktman) % is 0.00%. Over the past 10 years, this metric has ranged from a low of 1.90 to a high of 29.43. Based on the distribution chart, Cincinnati Financial ranks #131 out of 278 companies in the Insurance industry, which is above the industry midpoint. Overall, Cincinnati Financial has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cincinnati Financial's Forward Rate of Return (Yacktman) % compare to WRB and MKL?
According to the Insurance industry distribution chart, Cincinnati Financial ranks #131 out of 278 companies for Forward Rate of Return (Yacktman) %. This puts Cincinnati Financial in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 16.63. Historically, Cincinnati Financial's own Forward Rate of Return (Yacktman) % has ranged from 1.90 to 29.43 over the past decade. 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 Insurance company?
The median Forward Rate of Return (Yacktman) % among Insurance companies is 16.63, based on 278 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. 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 Cincinnati Financial and its competitors. For the Insurance industry, the median Forward Rate of Return (Yacktman) % is 16.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cincinnati Financial's current Forward Rate of Return (Yacktman) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cincinnati Financial stock overvalued right now?
Based on GuruFocus' analysis, Cincinnati Financial (CINF) is currently considered Fairly Valued. The stock's GF Value™ is $178.13, compared to a current price of $168.98 — trading 5.1% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 0.00%. Cincinnati Financial's overall GF Score™ is 74/100 with 1 warning sign 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 Cincinnati Financial (CINF), the current Forward Rate of Return (Yacktman) % is 0.00% 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 Cincinnati Financial (CINF) Overvalued in 2026?
Based on GuruFocus' analysis, Cincinnati Financial stock appears to be undervalued.
The current stock price of $168.98 is trading 5.1% below its estimated GF Value™ of $178.13.
GuruFocus considers Cincinnati Financial to be Fairly Valued.
Key valuation signals for CINF:
Forward Rate of Return (Yacktman) %: 0.00%
GF Value™: $178.13 vs. price of $168.98 (5.1% below fair value)
No single metric tells the full story. See the CINF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cincinnati Financial Corp is a property and casualty insurance company that generates income through written premiums. A select group of independent agencies actively markets the company's business, home, and automotive insurance within their communities. These agents offer the company's personal lines as well as its standard market, excess, and surplus commercial line policies in many regions in the United States. Cincinnati Financial also offers leasing and financing services. The company operates in segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, Life insurance, and Investments. The vast majority of the company's revenue is generated through commercial lines, followed by personal lines.
74GF Score
Get the complete analysis for CINF
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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