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Carriage ServicesCSV -4.05%73 Forward Rate of Return (Yacktman) % is 12.19% as of Mar. 2026, which is 28% below its 10-year median of 16.96. GuruFocus rates CSV with a GF Score™ of 73/100 and a GF Value™ of $39.12 (Fairly Valued). The stock has 4 warning signs investors should review. Among 64 Personal Services companies, Carriage Services ranks better than 51.56% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Carriage Services's forward rate of return for was 12.19%.
The historical rank and industry rank for Carriage Services's Forward Rate of Return (Yacktman) % or its related term are showing as below:
CSV'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 5.33 Med: 16.96 Max: 30.16
Current: 12.14
During the past 13 years, Carriage Services's highest Forward Rate of Return was 30.16. The lowest was 5.33. And the median was 16.96.
CSV's Forward Rate of Return (Yacktman) % is ranked better than 51.56% of 64
companies
in the Personal Services industry
Industry Median: 8.685
vs CSV: 12.14
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.
Carriage Services (NYSE:CSV) 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.
Carriage Services Forward Rate of Return (Yacktman) % Related Terms
Carriage Services Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Carriage 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.
Carriage Services Forward Rate of Return (Yacktman) % Chart
CSV vs MED, RGS, CLIK: Forward Rate of Return (Yacktman) % Comparison
For the Personal Services subindustry, Carriage 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.
Carriage Services Forward Rate of Return (Yacktman) % vs Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, Carriage Services's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Carriage Services's Forward Rate of Return (Yacktman) % falls into.
Carriage 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 12.19% mean?
Carriage Services (CSV) has a Forward Rate of Return (Yacktman) % of 12.19% as of Mar. 2026. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Carriage Services and its competitors. This is 28% below median its historical median of 16.96. Over the past decade, Carriage Services' Forward Rate of Return (Yacktman) % has ranged from 5.33 to 30.16. According to the industry distribution chart, Carriage Services ranks #31 out of 64 companies in the Personal Services industry, placing it in the top 48.4%.
Is Carriage Services' Forward Rate of Return (Yacktman) % too high?
Carriage Services' current Forward Rate of Return (Yacktman) % of 12.19% is 28% below median its 10-year median of 16.96. Over the past 10 years, this metric has ranged from a low of 5.33 to a high of 30.16. The Personal Services industry median Forward Rate of Return (Yacktman) % is 8.69. Carriage Services' value of 12.19% is 40.4% above this industry median. Based on the distribution chart, Carriage Services ranks #31 out of 64 companies in the Personal Services industry, which is above the industry midpoint. Overall, Carriage Services has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Carriage Services' Forward Rate of Return (Yacktman) % compare to MED and RGS?
According to the Personal Services industry distribution chart, Carriage Services ranks #31 out of 64 companies for Forward Rate of Return (Yacktman) %. This puts Carriage Services in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 8.69. Carriage Services' value of 12.19% is 40.4% above this benchmark. Historically, Carriage Services' own Forward Rate of Return (Yacktman) % has ranged from 5.33 to 30.16 over the past decade. While the company's 10-year median is 16.96 vs. the industry median of 8.69, Carriage Services 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 Personal Services company?
The median Forward Rate of Return (Yacktman) % among Personal Services companies is 8.69, based on 64 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. Carriage Services's current Forward Rate of Return (Yacktman) % of 12.19% is 40.4% 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 Carriage Services and its competitors. For the Personal Services industry, the median Forward Rate of Return (Yacktman) % is 8.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carriage Services's current Forward Rate of Return (Yacktman) % is 12.19%, which is 28% below median its own 10-year median of 16.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carriage Services stock overvalued right now?
Based on GuruFocus' analysis, Carriage Services (CSV) is currently considered Fairly Valued. The stock's GF Value™ is $39.12, compared to a current price of $35.50 — trading 9.3% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 12.19%, which is 28% below median its 10-year median of 16.96 and 40.4% above the Personal Services industry median of 8.69. Carriage Services' overall GF Score™ is 73/100 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 Carriage Services (CSV), the current Forward Rate of Return (Yacktman) % is 12.19% as of Mar. 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 Carriage Services (CSV) Overvalued in 2026?
Based on GuruFocus' analysis, Carriage Services stock appears to be undervalued.
The current stock price of $35.50 is trading 9.3% below its estimated GF Value™ of $39.12.
GuruFocus considers Carriage Services to be Fairly Valued.
Key valuation signals for CSV:
Forward Rate of Return (Yacktman) %: 12.19% (28% below median its 10-year median of 16.96)
GF Value™: $39.12 vs. price of $35.50 (9.3% below fair value)
Industry Position: 40.4% above the Personal Services median (#31 of 64)
No single metric tells the full story. See the CSV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carriage Services Inc is a provider of funeral and cemetery services and merchandise in the United States. It operates in two business segments: The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise. The company enables the use of funeral home facilities for visitation, remembrance, and transportation services. The Cemetery Operations segment provides services, such as mausoleum spaces and niches, private estates, lawn crypt gardens, traditional single burial gravesites, and burial vaults. The majority of revenue is derived from The Funeral Home Operations segment.
73GF Score
Get the complete analysis for CSV
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