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Emaar Properties PJSCDFM:EMAAR -1.82%96 Forward Rate of Return (Yacktman) % is 40.60% as of Jun. 2026, which is 68% above its 10-year median of 24.10. GuruFocus rates DFM:EMAAR with a GF Score™ of 96/100 and a GF Value™ of د.إ16.27 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,311 Real Estate companies, Emaar Properties PJSC ranks better than 91.53% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Emaar Properties PJSC's forward rate of return for was 40.60%.
The historical rank and industry rank for Emaar Properties PJSC's Forward Rate of Return (Yacktman) % or its related term are showing as below:
DFM:EMAAR'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -3.4 Med: 24.1 Max: 42.4
Current: 42.32
During the past 13 years, Emaar Properties PJSC's highest Forward Rate of Return was 42.40. The lowest was -3.40. And the median was 24.10.
DFM:EMAAR's Forward Rate of Return (Yacktman) % is ranked better than 91.53% of 1311
companies
in the Real Estate industry
Industry Median: 6.59
vs DFM:EMAAR: 42.32
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.
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.
Emaar Properties PJSC Forward Rate of Return (Yacktman) % Related Terms
Emaar Properties PJSC Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Emaar Properties PJSC'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.
Emaar Properties PJSC Forward Rate of Return (Yacktman) % Chart
For the Real Estate - Development subindustry, Emaar Properties PJSC'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.
Emaar Properties PJSC Forward Rate of Return (Yacktman) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Emaar Properties PJSC's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Emaar Properties PJSC's Forward Rate of Return (Yacktman) % falls into.
Emaar Properties PJSC 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 40.60% mean?
Emaar Properties PJSC (DFM:EMAAR) has a Forward Rate of Return (Yacktman) % of 40.60% 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 Emaar Properties PJSC and its competitors. This is 68% above median its historical median of 24.10. According to the industry distribution chart, Emaar Properties PJSC ranks #111 out of 1311 companies in the Real Estate industry, placing it in the top 8.5%.
Is Emaar Properties PJSC's Forward Rate of Return (Yacktman) % too high?
Emaar Properties PJSC's current Forward Rate of Return (Yacktman) % of 40.60% is 68% above median its 10-year median of 24.10. The Real Estate industry median Forward Rate of Return (Yacktman) % is 6.59. Emaar Properties PJSC's value of 40.60% is 516.1% above this industry median. Based on the distribution chart, Emaar Properties PJSC ranks #111 out of 1311 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Emaar Properties PJSC has a GF Score™ of 96/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Emaar Properties PJSC's Forward Rate of Return (Yacktman) % compare to competitors?
According to the Real Estate industry distribution chart, Emaar Properties PJSC ranks #111 out of 1311 companies for Forward Rate of Return (Yacktman) %. This places Emaar Properties PJSC in the top 9% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 6.59. Emaar Properties PJSC's value of 40.60% is 516.1% above this benchmark. While the company's 10-year median is 24.10 vs. the industry median of 6.59, Emaar Properties PJSC 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 Real Estate company?
The median Forward Rate of Return (Yacktman) % among Real Estate companies is 6.59, based on 1,311 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. Emaar Properties PJSC's current Forward Rate of Return (Yacktman) % of 40.60% is 516.1% 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 Emaar Properties PJSC and its competitors. For the Real Estate industry, the median Forward Rate of Return (Yacktman) % is 6.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emaar Properties PJSC's current Forward Rate of Return (Yacktman) % is 40.60%, which is 68% above median its own 10-year median of 24.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emaar Properties PJSC stock overvalued right now?
Based on GuruFocus' analysis, Emaar Properties PJSC (DFM:EMAAR) is currently considered Significantly Undervalued. The stock's GF Value™ is د.إ16.27, compared to a current price of د.إ10.80 — trading 33.6% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 40.60%, which is 68% above median its 10-year median of 24.10 and 516.1% above the Real Estate industry median of 6.59. Emaar Properties PJSC's overall GF Score™ is 96/100 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 Emaar Properties PJSC (DFM:EMAAR), the current Forward Rate of Return (Yacktman) % is 40.60% 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 Emaar Properties PJSC (DFM:EMAAR) Overvalued in 2026?
Based on GuruFocus' analysis, Emaar Properties PJSC stock appears to be undervalued.
The current stock price of د.إ10.80 is trading 33.6% below its estimated GF Value™ of د.إ16.27.
GuruFocus considers Emaar Properties PJSC to be Significantly Undervalued.
Key valuation signals for DFM:EMAAR:
Forward Rate of Return (Yacktman) %: 40.60% (68% above median its 10-year median of 24.10)
GF Value™: د.إ16.27 vs. price of د.إ10.80 (33.6% below fair value)
Industry Position: 516.1% above the Real Estate median (#111 of 1311)
No single metric tells the full story. See the DFM:EMAAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emaar Properties PJSC is engaged in property investment, development, and development management, shopping malls and retail, hospitality, property management, utility services, and investments in providers of financial services. Its segments are, namely, real estate (develop, sell, and manage condominiums, villas, commercial units and plots of land), leasing, retail and related activities (develop, lease and manage malls, retail, commercial, and residential spaces), and hospitality (develop, own, and/or manage hotels, serviced apartments and leisure activities). It earns revenue from sources other than property sales, leasing, retail and related activities, and hospitality, and this revenue is included in other operating income. The majority of revenue comes from real estate.
96GF Score
Get the complete analysis for DFM:EMAAR
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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