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Close Brothers GroupFRA:CS3 57 Forward Rate of Return (Yacktman) % is 39.50% as of Jul. 2025, which is 171% above its 10-year median of 14.57. GuruFocus rates FRA:CS3 with a GF Score™ of 57/100 and a GF Value™ of €4.03. The stock has 2 warning signs investors should review. Among 1,418 Banks companies, Close Brothers Group ranks better than 84.7% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Close Brothers Group's forward rate of return for was 39.50%.
The historical rank and industry rank for Close Brothers Group's Forward Rate of Return (Yacktman) % or its related term are showing as below:
FRA:CS3'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 10.93 Med: 14.57 Max: 69.13
Current: 37.08
During the past 13 years, Close Brothers Group's highest Forward Rate of Return was 69.13. The lowest was 10.93. And the median was 14.57.
FRA:CS3's Forward Rate of Return (Yacktman) % is ranked better than 84.7% of 1418
companies
in the Banks industry
Industry Median: 15.37
vs FRA:CS3: 37.08
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.
Close Brothers Group (FRA:CS3) 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.
Close Brothers Group Forward Rate of Return (Yacktman) % Related Terms
Close Brothers Group Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Close Brothers Group'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.
Close Brothers Group Forward Rate of Return (Yacktman) % Chart
FRA:CS3 vs PNC: Forward Rate of Return (Yacktman) % Comparison
For the Banks - Regional subindustry, Close Brothers Group'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.
Close Brothers Group Forward Rate of Return (Yacktman) % vs Banks Industry
For the Banks industry and Financial Services sector, Close Brothers Group's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Close Brothers Group's Forward Rate of Return (Yacktman) % falls into.
Close Brothers Group 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 39.50% mean?
Close Brothers Group (FRA:CS3) has a Forward Rate of Return (Yacktman) % of 39.50% as of Jul. 2025. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Close Brothers Group and its competitors. This is 171% above median its historical median of 14.57. Over the past decade, Close Brothers Group's Forward Rate of Return (Yacktman) % has ranged from 10.93 to 69.13. According to the industry distribution chart, Close Brothers Group ranks #217 out of 1418 companies in the Banks industry, placing it in the top 15.3%.
Is Close Brothers Group's Forward Rate of Return (Yacktman) % too high?
Close Brothers Group's current Forward Rate of Return (Yacktman) % of 39.50% is 171% above median its 10-year median of 14.57. Over the past 10 years, this metric has ranged from a low of 10.93 to a high of 69.13. The Banks industry median Forward Rate of Return (Yacktman) % is 15.37. Close Brothers Group's value of 39.50% is 157% above this industry median. Based on the distribution chart, Close Brothers Group ranks #217 out of 1418 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Close Brothers Group has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does Close Brothers Group's Forward Rate of Return (Yacktman) % compare to PNC?
According to the Banks industry distribution chart, Close Brothers Group ranks #217 out of 1418 companies for Forward Rate of Return (Yacktman) %. This places Close Brothers Group in the top 15% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 15.37. Close Brothers Group's value of 39.50% is 157% above this benchmark. Historically, Close Brothers Group's own Forward Rate of Return (Yacktman) % has ranged from 10.93 to 69.13 over the past decade. While the company's 10-year median is 14.57 vs. the industry median of 15.37, Close Brothers Group 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 Banks company?
The median Forward Rate of Return (Yacktman) % among Banks companies is 15.37, based on 1,418 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. Close Brothers Group's current Forward Rate of Return (Yacktman) % of 39.50% is 157% 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 Close Brothers Group and its competitors. For the Banks industry, the median Forward Rate of Return (Yacktman) % is 15.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Close Brothers Group's current Forward Rate of Return (Yacktman) % is 39.50%, which is 171% above median its own 10-year median of 14.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Close Brothers Group stock overvalued right now?
Close Brothers Group (FRA:CS3) has a current Forward Rate of Return (Yacktman) % of 39.50%. The stock's GF Value™ is €4.03, compared to a current price of €4.94 — trading 22.6% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 39.50%, which is 171% above median its 10-year median of 14.57 and 157% above the Banks industry median of 15.37. Close Brothers Group's overall GF Score™ is 57/100 with 2 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 Close Brothers Group (FRA:CS3), the current Forward Rate of Return (Yacktman) % is 39.50% as of Jul. 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 Close Brothers Group (FRA:CS3) Overvalued in 2026?
Based on GuruFocus' analysis, Close Brothers Group stock appears to be overvalued.
The current stock price of €4.94 is trading 22.6% above its estimated GF Value™ of €4.03.
Key valuation signals for FRA:CS3:
Forward Rate of Return (Yacktman) %: 39.50% (171% above median its 10-year median of 14.57)
GF Value™: €4.03 vs. price of €4.94 (22.6% above fair value)
Industry Position: 157% above the Banks median (#217 of 1418)
No single metric tells the full story. See the FRA:CS3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Close Brothers Group PLC is a banking group that provides lending, deposit-taking, and securities trading services. The group mostly offers services to small businesses and individuals in the United Kingdom. Its operating segments are: Commercial, Retail, and Property. Maximum revenue is generated from its Commercial segment, which mainly offers specialist and predominantly secured lending principally to the SME market. The Retail segment provides intermediated finance through motor dealers, motor finance brokers, and insurance brokers, and savings products for individuals and corporates; and the Property segment offers residential development finance to established UK property developers, funding for commercial properties, and bridging and refurbishment loans.
57GF Score
Get the complete analysis for FRA:CS3
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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