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Celestial Asia Securities HoldingsFRA:CE0 36 Forward Rate of Return (Yacktman) % is 119.58% as of Dec. 2025, which is 21% below its 10-year median of 152.15. GuruFocus rates FRA:CE0 with a GF Score™ of 36/100 and a GF Value™ of €0.07 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 795 Retail - Cyclical companies, Celestial Asia Securities Holdings ranks better than 97.86% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Celestial Asia Securities Holdings's forward rate of return for was 119.58%.
The historical rank and industry rank for Celestial Asia Securities Holdings's Forward Rate of Return (Yacktman) % or its related term are showing as below:
FRA:CE0'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 73.62 Med: 152.15 Max: 421.44
Current: 175.85
During the past 13 years, Celestial Asia Securities Holdings's highest Forward Rate of Return was 421.44. The lowest was 73.62. And the median was 152.15.
FRA:CE0's Forward Rate of Return (Yacktman) % is ranked better than 97.86% of 795
companies
in the Retail - Cyclical industry
Industry Median: 13.08
vs FRA:CE0: 175.85
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.
Celestial Asia Securities Holdings (FRA:CE0) 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.
Celestial Asia Securities Holdings Forward Rate of Return (Yacktman) % Related Terms
Celestial Asia Securities Holdings Forward Rate of Return (Yacktman) % Historical Data
* 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.
Celestial Asia Securities Holdings Forward Rate of Return (Yacktman) % Chart
FRA:CE0 vs DDS, M: Forward Rate of Return (Yacktman) % Comparison
For the Department Stores subindustry, Celestial Asia Securities Holdings'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.
Celestial Asia Securities Holdings Forward Rate of Return (Yacktman) % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Celestial Asia Securities Holdings's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Celestial Asia Securities Holdings's Forward Rate of Return (Yacktman) % falls into.
Celestial Asia Securities Holdings 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 119.58% mean?
Celestial Asia Securities Holdings (FRA:CE0) has a Forward Rate of Return (Yacktman) % of 119.58% 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 Celestial Asia Securities Holdings and its competitors. This is 21% below median its historical median of 152.15. Over the past decade, Celestial Asia Securities Holdings' Forward Rate of Return (Yacktman) % has ranged from 73.62 to 421.44. According to the industry distribution chart, Celestial Asia Securities Holdings ranks #17 out of 795 companies in the Retail - Cyclical industry, placing it in the top 2.1%.
Is Celestial Asia Securities Holdings' Forward Rate of Return (Yacktman) % too high?
Celestial Asia Securities Holdings' current Forward Rate of Return (Yacktman) % of 119.58% is 21% below median its 10-year median of 152.15. Over the past 10 years, this metric has ranged from a low of 73.62 to a high of 421.44. The Retail - Cyclical industry median Forward Rate of Return (Yacktman) % is 13.08. Celestial Asia Securities Holdings' value of 119.58% is 814.2% above this industry median. Based on the distribution chart, Celestial Asia Securities Holdings ranks #17 out of 795 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Celestial Asia Securities Holdings has a GF Score™ of 36/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Celestial Asia Securities Holdings' Forward Rate of Return (Yacktman) % compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Celestial Asia Securities Holdings ranks #17 out of 795 companies for Forward Rate of Return (Yacktman) %. This places Celestial Asia Securities Holdings in the top 2% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 13.08. Celestial Asia Securities Holdings' value of 119.58% is 814.2% above this benchmark. Historically, Celestial Asia Securities Holdings' own Forward Rate of Return (Yacktman) % has ranged from 73.62 to 421.44 over the past decade. While the company's 10-year median is 152.15 vs. the industry median of 13.08, Celestial Asia Securities Holdings 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 Retail - Cyclical company?
The median Forward Rate of Return (Yacktman) % among Retail - Cyclical companies is 13.08, based on 795 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. Celestial Asia Securities Holdings's current Forward Rate of Return (Yacktman) % of 119.58% is 814.2% 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 Celestial Asia Securities Holdings and its competitors. For the Retail - Cyclical industry, the median Forward Rate of Return (Yacktman) % is 13.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Celestial Asia Securities Holdings's current Forward Rate of Return (Yacktman) % is 119.58%, which is 21% below median its own 10-year median of 152.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Celestial Asia Securities Holdings stock overvalued right now?
Based on GuruFocus' analysis, Celestial Asia Securities Holdings (FRA:CE0) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.07, compared to a current price of €0.06 — trading 14.3% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 119.58%, which is 21% below median its 10-year median of 152.15 and 814.2% above the Retail - Cyclical industry median of 13.08. Celestial Asia Securities Holdings' overall GF Score™ is 36/100 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 Celestial Asia Securities Holdings (FRA:CE0), the current Forward Rate of Return (Yacktman) % is 119.58% 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.
Is Celestial Asia Securities Holdings (FRA:CE0) Overvalued in 2026?
Based on GuruFocus' analysis, Celestial Asia Securities Holdings stock appears to be undervalued.
The current stock price of €0.06 is trading 14.3% below its estimated GF Value™ of €0.07.
GuruFocus considers Celestial Asia Securities Holdings to be Modestly Undervalued.
Key valuation signals for FRA:CE0:
Forward Rate of Return (Yacktman) %: 119.58% (21% below median its 10-year median of 152.15)
GF Value™: €0.07 vs. price of €0.06 (14.3% below fair value)
Industry Position: 814.2% above the Retail - Cyclical median (#17 of 795)
No single metric tells the full story. See the FRA:CE0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Celestial Asia Securities Holdings Ltd is a multi-faceted investment conglomerate serving consumer needs in investment and wealth management, lifestyle, and home improvement. The Group's reportable segments are: Retailing, Investment Management, and Other Financial Services. The majority of its revenue is generated from the Retailing segment, which includes the sales of furniture, household goods, and electrical appliances under brands such as Pricerite Home, TMF, Pricerite Creations, Pricerite Food, Pricerite Pet, etc. The Investment Management segment provides investment management services to the fund investors, and the Other Financial Services segment provides broking and wealth management services. Geographically, the Group derives its key revenue from Hong Kong, followed by the PRC.
36GF Score
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