Dr. MartensDOCMF 55 Forward Rate of Return (Yacktman) % is 11.94% as of Mar. 2026, which is 54% below its 10-year median of 25.87. GuruFocus rates DOCMF with a GF Score™ of 55/100 and a GF Value™ of $0.97 (Fairly Valued). The stock has 3 warning signs investors should review. Among 813 Manufacturing - Apparel & Accessories companies, Dr. Martens ranks better than 58.55% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Dr. Martens's forward rate of return for was 11.94%.
The historical rank and industry rank for Dr. Martens's Forward Rate of Return (Yacktman) % or its related term are showing as below:
DOCMF'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 8.86 Med: 25.87 Max: 39.1
Current: 9.47
During the past 9 years, Dr. Martens's highest Forward Rate of Return was 39.10. The lowest was 8.86. And the median was 25.87.
DOCMF's Forward Rate of Return (Yacktman) % is ranked better than 58.55% of 813
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.24
vs DOCMF: 9.47
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.
Dr. Martens (OTCPK:DOCMF) 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.
Dr. Martens Forward Rate of Return (Yacktman) % Related Terms
Dr. Martens Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Dr. Martens'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.
Dr. Martens Forward Rate of Return (Yacktman) % Chart
DOCMF vs NKE, DECK, ONON: Forward Rate of Return (Yacktman) % Comparison
For the Footwear & Accessories subindustry, Dr. Martens'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.
Dr. Martens Forward Rate of Return (Yacktman) % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Dr. Martens's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Dr. Martens's Forward Rate of Return (Yacktman) % falls into.
Dr. Martens 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).
Dr. Martens's Forward Rate of Return of Mar. 2026 is
Forward Rate of Return
=
Normalized Free Cash Flow
/
Price
+
5-Year EBITDA Growth Rate
=
0.17083333
/
0.84755
+
-0.0919
=
10.97 %
* 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 11.94% mean?
Dr. Martens (DOCMF) has a Forward Rate of Return (Yacktman) % of 11.94% 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 Dr. Martens and its competitors. This is 54% below median its historical median of 25.87. Over the past decade, Dr. Martens' Forward Rate of Return (Yacktman) % has ranged from 8.86 to 39.10. According to the industry distribution chart, Dr. Martens ranks #337 out of 813 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 41.5%.
Is Dr. Martens' Forward Rate of Return (Yacktman) % too high?
Dr. Martens' current Forward Rate of Return (Yacktman) % of 11.94% is 54% below median its 10-year median of 25.87. Over the past 10 years, this metric has ranged from a low of 8.86 to a high of 39.10. The Manufacturing - Apparel & Accessories industry median Forward Rate of Return (Yacktman) % is 5.24. Dr. Martens' value of 11.94% is 127.9% above this industry median. Based on the distribution chart, Dr. Martens ranks #337 out of 813 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Dr. Martens has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dr. Martens' Forward Rate of Return (Yacktman) % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Dr. Martens ranks #337 out of 813 companies for Forward Rate of Return (Yacktman) %. This puts Dr. Martens in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 5.24. Dr. Martens' value of 11.94% is 127.9% above this benchmark. Historically, Dr. Martens' own Forward Rate of Return (Yacktman) % has ranged from 8.86 to 39.10 over the past decade. While the company's 10-year median is 25.87 vs. the industry median of 5.24, Dr. Martens 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 Manufacturing - Apparel & Accessories company?
The median Forward Rate of Return (Yacktman) % among Manufacturing - Apparel & Accessories companies is 5.24, based on 813 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. Dr. Martens's current Forward Rate of Return (Yacktman) % of 11.94% is 127.9% 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 Dr. Martens and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Forward Rate of Return (Yacktman) % is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dr. Martens's current Forward Rate of Return (Yacktman) % is 11.94%, which is 54% below median its own 10-year median of 25.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dr. Martens stock overvalued right now?
Based on GuruFocus' analysis, Dr. Martens (DOCMF) is currently considered Fairly Valued. The stock's GF Value™ is $0.97, compared to a current price of $0.98 — trading 1.4% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 11.94%, which is 54% below median its 10-year median of 25.87 and 127.9% above the Manufacturing - Apparel & Accessories industry median of 5.24. Dr. Martens' overall GF Score™ is 55/100 with 3 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 Dr. Martens (DOCMF), the current Forward Rate of Return (Yacktman) % is 11.94% 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 Dr. Martens (DOCMF) Overvalued in 2026?
Based on GuruFocus' analysis, Dr. Martens stock appears to be overvalued.
The current stock price of $0.98 is trading 1.4% above its estimated GF Value™ of $0.97.
GuruFocus considers Dr. Martens to be Fairly Valued.
Key valuation signals for DOCMF:
Forward Rate of Return (Yacktman) %: 11.94% (54% below median its 10-year median of 25.87)
GF Value™: $0.97 vs. price of $0.98 (1.4% above fair value)
Industry Position: 127.9% above the Manufacturing - Apparel & Accessories median (#337 of 813)
No single metric tells the full story. See the DOCMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dr. Martens PLC is engaged in the footwear business. Its product segments include Originals, Fusion, Kids and Casual, and a complementary range of Accessories. The company has sales through E-commerce, Retail, and Wholesale of Products. Geographically, it derives the majority of its revenue from EMEA and has a presence in the Americas and APAC.
55GF Score
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