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Ferrellgas Partners LPFGPR -3.91%39 Forward Rate of Return (Yacktman) % is 93.66% as of Apr. 2026, which is 40% below its 10-year median of 154.99. GuruFocus rates FGPR with a GF Score™ of 39/100 and a GF Value™ of $9.33 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 607 Oil & Gas companies, Ferrellgas Partners LP ranks better than 97.53% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Ferrellgas Partners LP's forward rate of return for was 93.66%.
The historical rank and industry rank for Ferrellgas Partners LP's Forward Rate of Return (Yacktman) % or its related term are showing as below:
FGPR'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 86.09 Med: 154.99 Max: 300.53
Current: 104.27
During the past 13 years, Ferrellgas Partners LP's highest Forward Rate of Return was 300.53. The lowest was 86.09. And the median was 154.99.
FGPR's Forward Rate of Return (Yacktman) % is ranked better than 97.53% of 607
companies
in the Oil & Gas industry
Industry Median: 13.3
vs FGPR: 104.27
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.
Ferrellgas Partners LP Forward Rate of Return (Yacktman) % Related Terms
Ferrellgas Partners LP Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Ferrellgas Partners LP'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.
Ferrellgas Partners LP Forward Rate of Return (Yacktman) % Chart
FGPR vs SGU, CLNE, BDCO: Forward Rate of Return (Yacktman) % Comparison
For the Oil & Gas Refining & Marketing subindustry, Ferrellgas Partners LP'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.
Ferrellgas Partners LP Forward Rate of Return (Yacktman) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ferrellgas Partners LP's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Ferrellgas Partners LP's Forward Rate of Return (Yacktman) % falls into.
Ferrellgas Partners LP 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 93.66% mean?
Ferrellgas Partners LP (FGPR) has a Forward Rate of Return (Yacktman) % of 93.66% as of Apr. 2026. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Ferrellgas Partners LP and its competitors. This is 40% below median its historical median of 154.99. Over the past decade, Ferrellgas Partners LP's Forward Rate of Return (Yacktman) % has ranged from 86.09 to 300.53. According to the industry distribution chart, Ferrellgas Partners LP ranks #15 out of 607 companies in the Oil & Gas industry, placing it in the top 2.5%.
Is Ferrellgas Partners LP's Forward Rate of Return (Yacktman) % too high?
Ferrellgas Partners LP's current Forward Rate of Return (Yacktman) % of 93.66% is 40% below median its 10-year median of 154.99. Over the past 10 years, this metric has ranged from a low of 86.09 to a high of 300.53. The Oil & Gas industry median Forward Rate of Return (Yacktman) % is 13.30. Ferrellgas Partners LP's value of 93.66% is 604.2% above this industry median. Based on the distribution chart, Ferrellgas Partners LP ranks #15 out of 607 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Ferrellgas Partners LP has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ferrellgas Partners LP's Forward Rate of Return (Yacktman) % compare to SGU and CLNE?
According to the Oil & Gas industry distribution chart, Ferrellgas Partners LP ranks #15 out of 607 companies for Forward Rate of Return (Yacktman) %. This places Ferrellgas Partners LP in the top 3% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 13.30. Ferrellgas Partners LP's value of 93.66% is 604.2% above this benchmark. Historically, Ferrellgas Partners LP's own Forward Rate of Return (Yacktman) % has ranged from 86.09 to 300.53 over the past decade. While the company's 10-year median is 154.99 vs. the industry median of 13.30, Ferrellgas Partners LP 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 an Oil & Gas company?
The median Forward Rate of Return (Yacktman) % among Oil & Gas companies is 13.30, based on 607 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. Ferrellgas Partners LP's current Forward Rate of Return (Yacktman) % of 93.66% is 604.2% 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 Ferrellgas Partners LP and its competitors. For the Oil & Gas industry, the median Forward Rate of Return (Yacktman) % is 13.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ferrellgas Partners LP's current Forward Rate of Return (Yacktman) % is 93.66%, which is 40% below median its own 10-year median of 154.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ferrellgas Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Ferrellgas Partners LP (FGPR) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.33, compared to a current price of $22.11 — trading 137% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 93.66%, which is 40% below median its 10-year median of 154.99 and 604.2% above the Oil & Gas industry median of 13.30. Ferrellgas Partners LP's overall GF Score™ is 39/100 with 7 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 Ferrellgas Partners LP (FGPR), the current Forward Rate of Return (Yacktman) % is 93.66% as of Apr. 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 Ferrellgas Partners LP (FGPR) Overvalued in 2026?
Based on GuruFocus' analysis, Ferrellgas Partners LP stock appears to be overvalued.
The current stock price of $22.11 is trading 137% above its estimated GF Value™ of $9.33.
GuruFocus considers Ferrellgas Partners LP to be Significantly Overvalued.
Key valuation signals for FGPR:
Forward Rate of Return (Yacktman) %: 93.66% (40% below median its 10-year median of 154.99)
GF Value™: $9.33 vs. price of $22.11 (137% above fair value)
Industry Position: 604.2% above the Oil & Gas median (#15 of 607)
No single metric tells the full story. See the FGPR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ferrellgas Partners LP distributes propane and related equipment to a wide mix of customers, including residential, commercial, agricultural, wholesale, and portable tank exchange segments. The company provides propane delivery and tank exchange services under several brands and sells related appliances, parts, and fittings. Ferrellgas operates all over the United States, the District of Columbia, and Puerto Rico, with sales concentrated in various regions across the United States. The majority of its revenue comes from the sales of Propane and other gas liquids to End Users and Resellers.
39GF Score
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