CX (CemexB de CV) Forward Rate of Return (Yacktman) %: 18.89% (As of Jun. 2026) — 59% Below 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.

CX Cemex SAB de CV CX
81 GF Score
Price $10.58
GF Value $8.17
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is CemexB de CV Forward Rate of Return (Yacktman) %?

CemexB de CV CX +1.24% 81 Forward Rate of Return (Yacktman) % is 18.89% as of Jun. 2026, which is 59% below its 10-year median of 45.80. GuruFocus rates CX with a GF Score™ of 81/100 and a GF Value™ of $8.17 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 321 Building Materials companies, CemexB de CV ranks better than 74.45% on this metric.

Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. CemexB de CV's forward rate of return for was 18.89%.

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

CX' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -25.07   Med: 45.8   Max: 114.61
Current: 19.29

During the past 13 years, CemexB de CV's highest Forward Rate of Return was 114.61. The lowest was -25.07. And the median was 45.80.

CX's Forward Rate of Return (Yacktman) % is ranked better than
74.45% of 321 companies
in the Building Materials industry
Industry Median: 7.67 vs CX: 19.29

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.


CemexB de CV  (NYSE:CX) 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.


CemexB de CV Forward Rate of Return (Yacktman) % Related Terms


CemexB de CV Forward Rate of Return (Yacktman) % Historical Data

* Premium members only.

The historical data trend for CemexB de CV'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.

CemexB de CV Forward Rate of Return (Yacktman) % Chart

CemexB de CV 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 -7.32 -1.47 2.18 18.13 22.42

CemexB de CV Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 23.09 22.86 22.42 18.93 18.89

CX vs CRH, MLM, VMC: Forward Rate of Return (Yacktman) % Comparison

For the Building Materials subindustry, CemexB de CV'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.


CemexB de CV Forward Rate of Return (Yacktman) % vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, CemexB de CV's Forward Rate of Return (Yacktman) % distribution charts can be found below:

* The bar in red indicates where CemexB de CV's Forward Rate of Return (Yacktman) % falls into.


CX
81GF Score
Cemex SAB de CV CX
Forward Rate of Return (Yacktman) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CemexB de CV 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).

CemexB de CV's Forward Rate of Return of Jun. 2026 is

Forward Rate of Return=Normalized Free Cash Flow/Price+5-Year EBITDA Growth Rate
=0.25238095/12+0.1903
=21.13 %

* 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 18.89% mean?
CemexB de CV (CX) has a Forward Rate of Return (Yacktman) % of 18.89% 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 CemexB de CV and its competitors. This is 59% below median its historical median of 45.80. According to the industry distribution chart, CemexB de CV ranks #82 out of 321 companies in the Building Materials industry, placing it in the top 25.5%.
Is CemexB de CV's Forward Rate of Return (Yacktman) % too high?
CemexB de CV's current Forward Rate of Return (Yacktman) % of 18.89% is 59% below median its 10-year median of 45.80. The Building Materials industry median Forward Rate of Return (Yacktman) % is 7.67. CemexB de CV's value of 18.89% is 146.3% above this industry median. Based on the distribution chart, CemexB de CV ranks #82 out of 321 companies in the Building Materials industry, which is above the industry midpoint. Overall, CemexB de CV has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CemexB de CV's Forward Rate of Return (Yacktman) % compare to CRH and MLM?
According to the Building Materials industry distribution chart, CemexB de CV ranks #82 out of 321 companies for Forward Rate of Return (Yacktman) %. This puts CemexB de CV in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 7.67. CemexB de CV's value of 18.89% is 146.3% above this benchmark. While the company's 10-year median is 45.80 vs. the industry median of 7.67, CemexB de CV 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 Building Materials company?
The median Forward Rate of Return (Yacktman) % among Building Materials companies is 7.67, based on 321 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. CemexB de CV's current Forward Rate of Return (Yacktman) % of 18.89% is 146.3% 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 CemexB de CV and its competitors. For the Building Materials industry, the median Forward Rate of Return (Yacktman) % is 7.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CemexB de CV's current Forward Rate of Return (Yacktman) % is 18.89%, which is 59% below median its own 10-year median of 45.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CemexB de CV stock overvalued right now?
Based on GuruFocus' analysis, CemexB de CV (CX) is currently considered Modestly Overvalued. The stock's GF Value™ is $8.17, compared to a current price of $10.58 — trading 29.5% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 18.89%, which is 59% below median its 10-year median of 45.80 and 146.3% above the Building Materials industry median of 7.67. CemexB de CV's overall GF Score™ is 81/100 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 CemexB de CV (CX), the current Forward Rate of Return (Yacktman) % is 18.89% 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 CemexB de CV (CX) Overvalued in 2026?

Based on GuruFocus' analysis, CemexB de CV stock appears to be overvalued. The current stock price of $10.58 is trading 29.5% above its estimated GF Value™ of $8.17. GuruFocus considers CemexB de CV to be Modestly Overvalued.

Key valuation signals for CX:

  • Forward Rate of Return (Yacktman) %: 18.89% (59% below median its 10-year median of 45.80)
  • GF Value™: $8.17 vs. price of $10.58 (29.5% above fair value)
  • GF Score™: 81/100 with 4 warning signs
  • Industry Position: 146.3% above the Building Materials median (#82 of 321)

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


CemexB de CV Business Description

Address Avenida Ricardo Margain Zozaya, No.325, Colonia Valle del Campestre, San Pedro Garza Garcia, NL, MEX, 66265
Cemex SAB de CV is a ready-mix concrete company that mainly engaged in activities that are oriented to the construction industry, mainly through the production, marketing, sale, and distribution of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and also provide related services and reliable construction-related services to customers and communities and maintain business relationships in more than 60 countries throughout the world. The company operates in different parts of the world, with operations in Mexico, the United States, the EMEA region and the SCA&C region.
81GF Score

Get the complete analysis for CX

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

$10.58
Price
$8.17
GF Value