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.
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.
Georgia CapitalFRA:2IX 47 Forward Rate of Return (Yacktman) % is 19.84% as of Dec. 2025, which is 10% above its 10-year median of 18.09. GuruFocus rates FRA:2IX with a GF Score™ of 47/100. The stock has 3 warning signs investors should review. Among 66 Diversified Financial Services companies, Georgia Capital ranks better than 65.15% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Georgia Capital's forward rate of return for was 19.84%.
The historical rank and industry rank for Georgia Capital's Forward Rate of Return (Yacktman) % or its related term are showing as below:
FRA:2IX'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 15.59 Med: 18.09 Max: 19.97
Current: 19.89
During the past 11 years, Georgia Capital's highest Forward Rate of Return was 19.97. The lowest was 15.59. And the median was 18.09.
FRA:2IX's Forward Rate of Return (Yacktman) % is ranked better than 65.15% of 66
companies
in the Diversified Financial Services industry
Industry Median: 11.545
vs FRA:2IX: 19.89
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.
Georgia Capital (FRA:2IX) 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 Book Value 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.
Georgia Capital Forward Rate of Return (Yacktman) % Related Terms
Georgia Capital Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Georgia Capital'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.
Georgia Capital Forward Rate of Return (Yacktman) % Chart
FRA:2IX vs FRHC, VOYA: Forward Rate of Return (Yacktman) % Comparison
For the Financial Conglomerates subindustry, Georgia Capital'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.
Georgia Capital Forward Rate of Return (Yacktman) % vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Georgia Capital's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Georgia Capital's Forward Rate of Return (Yacktman) % falls into.
Georgia Capital 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 19.84% mean?
Georgia Capital (FRA:2IX) has a Forward Rate of Return (Yacktman) % of 19.84% as of Dec. 2025. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Georgia Capital and its competitors. This is 10% above median its historical median of 18.09. Over the past decade, Georgia Capital's Forward Rate of Return (Yacktman) % has ranged from 15.59 to 19.97. According to the industry distribution chart, Georgia Capital ranks #23 out of 66 companies in the Diversified Financial Services industry, placing it in the top 34.8%.
Is Georgia Capital's Forward Rate of Return (Yacktman) % too high?
Georgia Capital's current Forward Rate of Return (Yacktman) % of 19.84% is 10% above median its 10-year median of 18.09. Over the past 10 years, this metric has ranged from a low of 15.59 to a high of 19.97. The Diversified Financial Services industry median Forward Rate of Return (Yacktman) % is 11.55. Georgia Capital's value of 19.84% is 71.8% above this industry median. Based on the distribution chart, Georgia Capital ranks #23 out of 66 companies in the Diversified Financial Services industry, which is above the industry midpoint. Overall, Georgia Capital has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Georgia Capital's Forward Rate of Return (Yacktman) % compare to FRHC and VOYA?
According to the Diversified Financial Services industry distribution chart, Georgia Capital ranks #23 out of 66 companies for Forward Rate of Return (Yacktman) %. This puts Georgia Capital in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 11.55. Georgia Capital's value of 19.84% is 71.8% above this benchmark. Historically, Georgia Capital's own Forward Rate of Return (Yacktman) % has ranged from 15.59 to 19.97 over the past decade. While the company's 10-year median is 18.09 vs. the industry median of 11.55, Georgia Capital 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 Diversified Financial Services company?
The median Forward Rate of Return (Yacktman) % among Diversified Financial Services companies is 11.55, based on 66 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. Georgia Capital's current Forward Rate of Return (Yacktman) % of 19.84% is 71.8% 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 Georgia Capital and its competitors. For the Diversified Financial Services industry, the median Forward Rate of Return (Yacktman) % is 11.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Georgia Capital's current Forward Rate of Return (Yacktman) % is 19.84%, which is 10% above median its own 10-year median of 18.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Georgia Capital stock overvalued right now?
Georgia Capital (FRA:2IX) has a current Forward Rate of Return (Yacktman) % of 19.84%. The current Forward Rate of Return (Yacktman) % is 19.84%, which is 10% above median its 10-year median of 18.09 and 71.8% above the Diversified Financial Services industry median of 11.55. Georgia Capital's overall GF Score™ is 47/100 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 Georgia Capital (FRA:2IX), the current Forward Rate of Return (Yacktman) % is 19.84% as of Dec. 2025. 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.
Georgia Capital PLC is focused on buying, building and developing businesses in Georgia and monetising investments as it matures. The company currently has the following private large portfolio businesses (i) a retail (pharmacy) business, (ii) an insurance business (P&C and medical insurance), and (iii) a healthcare services business (hospitals and clinics and diagnostics). The company's operating segments are: listed and observable portfolio companies, private large portfolio companies, private emerging and other portfolio companies, and corporate centre.
47GF Score
Get the complete analysis for FRA:2IX
Forward Rate of Return (Yacktman) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:2IX has been successfully added to your 
