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Ping An Insurance (Group) Co. of ChinaFRA:PZX -0.72%71 Forward Rate of Return (Yacktman) % is 50.88% as of Jun. 2026, which is 117% above its 10-year median of 23.50. GuruFocus rates FRA:PZX with a GF Score™ of 71/100 and a GF Value™ of €5.48 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 278 Insurance companies, Ping An Insurance (Group) Co. of China ranks better than 89.93% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Ping An Insurance (Group) Co. of China's forward rate of return for was 50.88%.
The historical rank and industry rank for Ping An Insurance (Group) Co. of China's Forward Rate of Return (Yacktman) % or its related term are showing as below:
FRA:PZX'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 9.7 Med: 23.5 Max: 49.54
Current: 43.81
During the past 13 years, Ping An Insurance (Group) Co. of China's highest Forward Rate of Return was 49.54. The lowest was 9.70. And the median was 23.50.
FRA:PZX's Forward Rate of Return (Yacktman) % is ranked better than 89.93% of 278
companies
in the Insurance industry
Industry Median: 16.92
vs FRA:PZX: 43.81
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.
Ping An Insurance (Group) Co. of China (FRA:PZX) 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.
Ping An Insurance (Group) Co. of China Forward Rate of Return (Yacktman) % Related Terms
Ping An Insurance (Group) Co. of China 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.
Ping An Insurance (Group) Co. of China Forward Rate of Return (Yacktman) % Chart
Ping An Insurance (Group) Co. of China Annual Data
FRA:PZX vs MET, AFL, PRU: Forward Rate of Return (Yacktman) % Comparison
For the Insurance - Life subindustry, Ping An Insurance (Group) Co. of China'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.
Ping An Insurance (Group) Co. of China Forward Rate of Return (Yacktman) % vs Insurance Industry
For the Insurance industry and Financial Services sector, Ping An Insurance (Group) Co. of China's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Ping An Insurance (Group) Co. of China's Forward Rate of Return (Yacktman) % falls into.
Ping An Insurance (Group) Co. of China 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 50.88% mean?
Ping An Insurance (Group) Co. of China (FRA:PZX) has a Forward Rate of Return (Yacktman) % of 50.88% 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 Ping An Insurance (Group) Co. of China and its competitors. This is 117% above median its historical median of 23.50. Over the past decade, Ping An Insurance (Group) Co. of China's Forward Rate of Return (Yacktman) % has ranged from 9.70 to 49.54. According to the industry distribution chart, Ping An Insurance (Group) Co. of China ranks #28 out of 278 companies in the Insurance industry, placing it in the top 10.1%.
Is Ping An Insurance (Group) Co. of China's Forward Rate of Return (Yacktman) % too high?
Ping An Insurance (Group) Co. of China's current Forward Rate of Return (Yacktman) % of 50.88% is 117% above median its 10-year median of 23.50. Over the past 10 years, this metric has ranged from a low of 9.70 to a high of 49.54. The Insurance industry median Forward Rate of Return (Yacktman) % is 16.92. Ping An Insurance (Group) Co. of China's value of 50.88% is 200.7% above this industry median. Based on the distribution chart, Ping An Insurance (Group) Co. of China ranks #28 out of 278 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Ping An Insurance (Group) Co. of China has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ping An Insurance (Group) Co. of China's Forward Rate of Return (Yacktman) % compare to MET and AFL?
According to the Insurance industry distribution chart, Ping An Insurance (Group) Co. of China ranks #28 out of 278 companies for Forward Rate of Return (Yacktman) %. This places Ping An Insurance (Group) Co. of China in the top 10% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 16.92. Ping An Insurance (Group) Co. of China's value of 50.88% is 200.7% above this benchmark. Historically, Ping An Insurance (Group) Co. of China's own Forward Rate of Return (Yacktman) % has ranged from 9.70 to 49.54 over the past decade. While the company's 10-year median is 23.50 vs. the industry median of 16.92, Ping An Insurance (Group) Co. of China 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 Insurance company?
The median Forward Rate of Return (Yacktman) % among Insurance companies is 16.92, based on 278 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. Ping An Insurance (Group) Co. of China's current Forward Rate of Return (Yacktman) % of 50.88% is 200.7% 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 Ping An Insurance (Group) Co. of China and its competitors. For the Insurance industry, the median Forward Rate of Return (Yacktman) % is 16.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ping An Insurance (Group) Co. of China's current Forward Rate of Return (Yacktman) % is 50.88%, which is 117% above median its own 10-year median of 23.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ping An Insurance (Group) Co. of China stock overvalued right now?
Based on GuruFocus' analysis, Ping An Insurance (Group) Co. of China (FRA:PZX) is currently considered Modestly Overvalued. The stock's GF Value™ is €5.48, compared to a current price of €6.20 — trading 13.2% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 50.88%, which is 117% above median its 10-year median of 23.50 and 200.7% above the Insurance industry median of 16.92. Ping An Insurance (Group) Co. of China's overall GF Score™ is 71/100 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 Ping An Insurance (Group) Co. of China (FRA:PZX), the current Forward Rate of Return (Yacktman) % is 50.88% 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 Ping An Insurance (Group) Co. of China (FRA:PZX) Overvalued in 2026?
Based on GuruFocus' analysis, Ping An Insurance (Group) Co. of China stock appears to be overvalued.
The current stock price of €6.20 is trading 13.2% above its estimated GF Value™ of €5.48.
GuruFocus considers Ping An Insurance (Group) Co. of China to be Modestly Overvalued.
Key valuation signals for FRA:PZX:
Forward Rate of Return (Yacktman) %: 50.88% (117% above median its 10-year median of 23.50)
GF Value™: €5.48 vs. price of €6.20 (13.2% above fair value)
Industry Position: 200.7% above the Insurance median (#28 of 278)
No single metric tells the full story. See the FRA:PZX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ping An Insurance was founded in 1988 and headquartered in Shenzhen. As an integrated financial service provider, the company offers healthcare services and integrated financial products. Ping An is China's second-largest life and P&C insurer. The company strives for an integrated financial services platform comprising life insurance, P&C insurance, banking, and other financial services. These business segments contributed 66%, 10%, 28%, and 1% of the company's pretax profits, respectively, in 2025.
71GF Score
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