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PKO Bank PolskiFRA:P9O -2.84%73 Forward Rate of Return (Yacktman) % is 19.51% as of Jun. 2026, which is 38% below its 10-year median of 31.29. GuruFocus rates FRA:P9O with a GF Score™ of 73/100 and a GF Value™ of €17.12 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,415 Banks companies, PKO Bank Polski ranks better than 71.94% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. PKO Bank Polski's forward rate of return for was 19.51%.
The historical rank and industry rank for PKO Bank Polski's Forward Rate of Return (Yacktman) % or its related term are showing as below:
FRA:P9O'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 17.19 Med: 31.29 Max: 75.35
Current: 22.65
During the past 13 years, PKO Bank Polski's highest Forward Rate of Return was 75.35. The lowest was 17.19. And the median was 31.29.
FRA:P9O's Forward Rate of Return (Yacktman) % is ranked better than 71.94% of 1415
companies
in the Banks industry
Industry Median: 15.53
vs FRA:P9O: 22.65
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.
PKO Bank Polski (FRA:P9O) 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.
PKO Bank Polski Forward Rate of Return (Yacktman) % Related Terms
PKO Bank Polski Forward Rate of Return (Yacktman) % Historical Data
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The historical data trend for PKO Bank Polski'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.
PKO Bank Polski Forward Rate of Return (Yacktman) % Chart
PKO Bank Polski Forward Rate of Return (Yacktman) % Competitor Comparison
For the Banks - Regional subindustry, PKO Bank Polski'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.
PKO Bank Polski Forward Rate of Return (Yacktman) % vs Banks Industry
For the Banks industry and Financial Services sector, PKO Bank Polski's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where PKO Bank Polski's Forward Rate of Return (Yacktman) % falls into.
PKO Bank Polski 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 19.51% mean?
PKO Bank Polski (FRA:P9O) has a Forward Rate of Return (Yacktman) % of 19.51% as of Jun. 2026. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on PKO Bank Polski and its competitors. This is 38% below median its historical median of 31.29. Over the past decade, PKO Bank Polski's Forward Rate of Return (Yacktman) % has ranged from 17.19 to 75.35. According to the industry distribution chart, PKO Bank Polski ranks #397 out of 1415 companies in the Banks industry, placing it in the top 28.1%.
Is PKO Bank Polski's Forward Rate of Return (Yacktman) % too high?
PKO Bank Polski's current Forward Rate of Return (Yacktman) % of 19.51% is 38% below median its 10-year median of 31.29. Over the past 10 years, this metric has ranged from a low of 17.19 to a high of 75.35. The Banks industry median Forward Rate of Return (Yacktman) % is 15.53. PKO Bank Polski's value of 19.51% is 25.6% above this industry median. Based on the distribution chart, PKO Bank Polski ranks #397 out of 1415 companies in the Banks industry, which is above the industry midpoint. Overall, PKO Bank Polski has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PKO Bank Polski's Forward Rate of Return (Yacktman) % compare to competitors?
According to the Banks industry distribution chart, PKO Bank Polski ranks #397 out of 1415 companies for Forward Rate of Return (Yacktman) %. This puts PKO Bank Polski in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 15.53. PKO Bank Polski's value of 19.51% is 25.6% above this benchmark. Historically, PKO Bank Polski's own Forward Rate of Return (Yacktman) % has ranged from 17.19 to 75.35 over the past decade. While the company's 10-year median is 31.29 vs. the industry median of 15.53, PKO Bank Polski 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 15.53, based on 1,415 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. PKO Bank Polski's current Forward Rate of Return (Yacktman) % of 19.51% is 25.6% 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 PKO Bank Polski and its competitors. For the Banks industry, the median Forward Rate of Return (Yacktman) % is 15.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PKO Bank Polski's current Forward Rate of Return (Yacktman) % is 19.51%, which is 38% below median its own 10-year median of 31.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PKO Bank Polski stock overvalued right now?
Based on GuruFocus' analysis, PKO Bank Polski (FRA:P9O) is currently considered Significantly Overvalued. The stock's GF Value™ is €17.12, compared to a current price of €28.49 — trading 66.4% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 19.51%, which is 38% below median its 10-year median of 31.29 and 25.6% above the Banks industry median of 15.53. PKO Bank Polski's overall GF Score™ is 73/100 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 PKO Bank Polski (FRA:P9O), the current Forward Rate of Return (Yacktman) % is 19.51% as of Jun. 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 PKO Bank Polski (FRA:P9O) Overvalued in 2026?
Based on GuruFocus' analysis, PKO Bank Polski stock appears to be overvalued.
The current stock price of €28.49 is trading 66.4% above its estimated GF Value™ of €17.12.
GuruFocus considers PKO Bank Polski to be Significantly Overvalued.
Key valuation signals for FRA:P9O:
Forward Rate of Return (Yacktman) %: 19.51% (38% below median its 10-year median of 31.29)
GF Value™: €17.12 vs. price of €28.49 (66.4% above fair value)
Industry Position: 25.6% above the Banks median (#397 of 1415)
No single metric tells the full story. See the FRA:P9O stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PKO Bank Polski SA is a universal banking group operating predominantly in Poland. Its various products and service offerings include retail deposits, mortgage loans, consumer finance, corporate deposits, corporate loans, and asset management, among others. The majority of its net revenue is net interest income, overwhelmingly derived from customer loans. Along with its subsidiaries, the company operates in three main segments: Retail, Corporate and Investment, and Transfer Center and Other. Maximum revenue is generated from the Retail segment, which offers various services to individuals as part of retail, private, and mortgage banking, and to legal entities as part of corporate banking.
73GF Score
Get the complete analysis for FRA:P9O
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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