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Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. 1st Summit Bancorp Johnstown's forward rate of return for was 0.00%.
The historical rank and industry rank for 1st Summit Bancorp Johnstown's Forward Rate of Return (Yacktman) % or its related term are showing as below:
FSMK'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 3.69 Med: 7.63 Max: 11.51
Current: 3.69
During the past 7 years, 1st Summit Bancorp Johnstown's highest Forward Rate of Return was 11.51. The lowest was 3.69. And the median was 7.63.
FSMK's Forward Rate of Return (Yacktman) % is ranked worse than 86.32% of 1418
companies
in the Banks industry
Industry Median: 15.34
vs FSMK: 3.69
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.
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.
1st Summit Bancorp Johnstown Forward Rate of Return (Yacktman) % Related Terms
1st Summit Bancorp Johnstown Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for 1st Summit Bancorp Johnstown'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.
FSMK vs FDSB, UWHR, BCOW: Forward Rate of Return (Yacktman) % Comparison
For the Banks - Regional subindustry, 1st Summit Bancorp Johnstown'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.
1st Summit Bancorp Johnstown Forward Rate of Return (Yacktman) % vs Banks Industry
For the Banks industry and Financial Services sector, 1st Summit Bancorp Johnstown's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where 1st Summit Bancorp Johnstown's Forward Rate of Return (Yacktman) % falls into.
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 0.00% mean?
1st Summit Bancorp Johnstown (FSMK) has a Forward Rate of Return (Yacktman) % of 0.00% 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 1st Summit Bancorp Johnstown and its competitors. Over the past decade, 1st Summit Bancorp Johnstown's Forward Rate of Return (Yacktman) % has ranged from 3.69 to 11.51. According to the industry distribution chart, 1st Summit Bancorp Johnstown ranks #1224 out of 1418 companies in the Banks industry, placing it in the top 86.3%.
Is 1st Summit Bancorp Johnstown's Forward Rate of Return (Yacktman) % too high?
1st Summit Bancorp Johnstown's current Forward Rate of Return (Yacktman) % is 0.00%. Over the past 10 years, this metric has ranged from a low of 3.69 to a high of 11.51. Based on the distribution chart, 1st Summit Bancorp Johnstown ranks #1224 out of 1418 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, 1st Summit Bancorp Johnstown has a GF Score™ of 45/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does 1st Summit Bancorp Johnstown's Forward Rate of Return (Yacktman) % compare to FDSB and UWHR?
According to the Banks industry distribution chart, 1st Summit Bancorp Johnstown ranks #1224 out of 1418 companies for Forward Rate of Return (Yacktman) %. This places 1st Summit Bancorp Johnstown in the lower half of its industry. The industry median Forward Rate of Return (Yacktman) % is 15.34. Historically, 1st Summit Bancorp Johnstown's own Forward Rate of Return (Yacktman) % has ranged from 3.69 to 11.51 over the past decade. 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 15.34, 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. 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 1st Summit Bancorp Johnstown and its competitors. For the Banks industry, the median Forward Rate of Return (Yacktman) % is 15.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 1st Summit Bancorp Johnstown's current Forward Rate of Return (Yacktman) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 1st Summit Bancorp Johnstown stock overvalued right now?
Based on GuruFocus' analysis, 1st Summit Bancorp Johnstown (FSMK) is currently considered Fairly Valued. The stock's GF Value™ is $40.90, compared to a current price of $42.50 — trading 3.9% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 0.00%. 1st Summit Bancorp Johnstown's overall GF Score™ is 45/100 with 6 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 1st Summit Bancorp Johnstown (FSMK), the current Forward Rate of Return (Yacktman) % is 0.00% 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 1st Summit Bancorp Johnstown (FSMK) Overvalued in 2026?
Based on GuruFocus' analysis, 1st Summit Bancorp Johnstown stock appears to be overvalued.
The current stock price of $42.50 is trading 3.9% above its estimated GF Value™ of $40.90.
GuruFocus considers 1st Summit Bancorp Johnstown to be Fairly Valued.
Key valuation signals for FSMK:
Forward Rate of Return (Yacktman) %: 0.00%
GF Value™: $40.90 vs. price of $42.50 (3.9% above fair value)
No single metric tells the full story. See the FSMK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
1st Summit Bancorp Johnstown Inc is the holding company of the Bank. The Bank is a state-chartered bank located in Pennsylvania. The company's principal sources of revenue emanate from its portfolio of residential real estate, commercial mortgage, commercial, and consumer loans, its investment portfolio, as well as trust and a variety of deposit services to its customers through Bank offices and a Bank Loan Production Office. The Bank has the following portfolio segments: Commercial and industrial loans, commercial real estate-nonowner occupied, commercial real estate-all other, construction, residential real estate, and consumer loans.
45GF Score
Get the complete analysis for FSMK
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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