CVPBF (CP All PCL) Forward Rate of Return (Yacktman) %: 28.33% (As of Mar. 2026) — 45% Above 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.

CVPBF CP All PCL CVPBF
89 GF Score
Price $1.33
GF Value $1.85
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is CP All PCL Forward Rate of Return (Yacktman) %?

CP All PCL CVPBF -14.19% 89 Forward Rate of Return (Yacktman) % is 28.33% as of Mar. 2026, which is 45% above its 10-year median of 19.51. GuruFocus rates CVPBF with a GF Score™ of 89/100 and a GF Value™ of $1.85 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 221 Retail - Defensive companies, CP All PCL ranks better than 90.5% on this metric.

Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. CP All PCL's forward rate of return for was 28.33%.

The historical rank and industry rank for CP All PCL's Forward Rate of Return (Yacktman) % or its related term are showing as below:

CVPBF' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 8.63   Med: 19.51   Max: 29.65
Current: 28.09

During the past 13 years, CP All PCL's highest Forward Rate of Return was 29.65. The lowest was 8.63. And the median was 19.51.

CVPBF's Forward Rate of Return (Yacktman) % is ranked better than
90.5% of 221 companies
in the Retail - Defensive industry
Industry Median: 14.2 vs CVPBF: 28.09

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.


CP All PCL  (OTCPK:CVPBF) 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.


CP All PCL Forward Rate of Return (Yacktman) % Related Terms


CP All PCL Forward Rate of Return (Yacktman) % Historical Data

* Premium members only.

The historical data trend for CP All PCL'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.

CP All PCL Forward Rate of Return (Yacktman) % Chart

CP All PCL 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 9.25 12.89 20.73 25.15 29.38

CP All PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 26.38 28.11 28.29 29.38 28.33

CVPBF vs KR, SFM: Forward Rate of Return (Yacktman) % Comparison

For the Grocery Stores subindustry, CP All PCL'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.


CP All PCL Forward Rate of Return (Yacktman) % vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, CP All PCL's Forward Rate of Return (Yacktman) % distribution charts can be found below:

* The bar in red indicates where CP All PCL's Forward Rate of Return (Yacktman) % falls into.


CVPBF
89GF Score
CP All PCL CVPBF
Forward Rate of Return (Yacktman) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CP All PCL 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).

CP All PCL's Forward Rate of Return of Mar. 2026 is

Forward Rate of Return=Normalized Free Cash Flow/Price+5-Year EBITDA Growth Rate
=0.14495238/1.36+0.1624
=26.90 %

* 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 28.33% mean?
CP All PCL (CVPBF) has a Forward Rate of Return (Yacktman) % of 28.33% 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 CP All PCL and its competitors. This is 45% above median its historical median of 19.51. Over the past decade, CP All PCL's Forward Rate of Return (Yacktman) % has ranged from 8.63 to 29.65. According to the industry distribution chart, CP All PCL ranks #21 out of 221 companies in the Retail - Defensive industry, placing it in the top 9.5%.
Is CP All PCL's Forward Rate of Return (Yacktman) % too high?
CP All PCL's current Forward Rate of Return (Yacktman) % of 28.33% is 45% above median its 10-year median of 19.51. Over the past 10 years, this metric has ranged from a low of 8.63 to a high of 29.65. The Retail - Defensive industry median Forward Rate of Return (Yacktman) % is 14.20. CP All PCL's value of 28.33% is 99.5% above this industry median. Based on the distribution chart, CP All PCL ranks #21 out of 221 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, CP All PCL has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CP All PCL's Forward Rate of Return (Yacktman) % compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, CP All PCL ranks #21 out of 221 companies for Forward Rate of Return (Yacktman) %. This places CP All PCL in the top 10% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 14.20. CP All PCL's value of 28.33% is 99.5% above this benchmark. Historically, CP All PCL's own Forward Rate of Return (Yacktman) % has ranged from 8.63 to 29.65 over the past decade. While the company's 10-year median is 19.51 vs. the industry median of 14.20, CP All PCL 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 Retail - Defensive company?
The median Forward Rate of Return (Yacktman) % among Retail - Defensive companies is 14.20, based on 221 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. CP All PCL's current Forward Rate of Return (Yacktman) % of 28.33% is 99.5% 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 CP All PCL and its competitors. For the Retail - Defensive industry, the median Forward Rate of Return (Yacktman) % is 14.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CP All PCL's current Forward Rate of Return (Yacktman) % is 28.33%, which is 45% above median its own 10-year median of 19.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CP All PCL stock overvalued right now?
Based on GuruFocus' analysis, CP All PCL (CVPBF) is currently considered Modestly Undervalued. The stock's GF Value™ is $1.85, compared to a current price of $1.33 — trading 28.1% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 28.33%, which is 45% above median its 10-year median of 19.51 and 99.5% above the Retail - Defensive industry median of 14.20. CP All PCL's overall GF Score™ is 89/100 with 5 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 CP All PCL (CVPBF), the current Forward Rate of Return (Yacktman) % is 28.33% 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 CP All PCL (CVPBF) Overvalued in 2026?

Based on GuruFocus' analysis, CP All PCL stock appears to be undervalued. The current stock price of $1.33 is trading 28.1% below its estimated GF Value™ of $1.85. GuruFocus considers CP All PCL to be Modestly Undervalued.

Key valuation signals for CVPBF:

  • Forward Rate of Return (Yacktman) %: 28.33% (45% above median its 10-year median of 19.51)
  • GF Value™: $1.85 vs. price of $1.33 (28.1% below fair value)
  • GF Score™: 89/100 with 5 warning signs
  • Industry Position: 99.5% above the Retail - Defensive median (#21 of 221)

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


CP All PCL Business Description

Address Silom Road, 313 C.P. Tower, 24th Floor, Kwang Silom, Khet Bang Rak, Bangkok, THA, 10500
CP All PCL is the sole operator of 7-Eleven convenience stores in Thailand. Almost half of the stores are located in Bangkok and its vicinities, with the remaining located in provincial areas. The company also operates other related businesses, such as bill payment collection services, manufacturing and sale of convenience food and bakery products, sale and maintenance of retail equipment, payment for products and services, information technology services, logistics services, marketing services, educational institution, and training and business seminar services, including catalog sales and e-commerce businesses. The company has four reportable segments: convenience stores, wholesale, retail and mall, and others. The majority of its revenue from Convenience stores segment.
89GF Score

Get the complete analysis for CVPBF

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

$1.33
Price
$1.85
GF Value