Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Galp Energia SGPSGLPEF 76 Forward Rate of Return (Yacktman) % is 20.89% as of Jun. 2026, which is 12% below its 10-year median of 23.74. GuruFocus rates GLPEF with a GF Score™ of 76/100 and a GF Value™ of $19.53 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 608 Oil & Gas companies, Galp Energia SGPS ranks better than 69.9% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Galp Energia SGPS's forward rate of return for was 20.89%.
The historical rank and industry rank for Galp Energia SGPS's Forward Rate of Return (Yacktman) % or its related term are showing as below:
GLPEF'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -30.54 Med: 23.74 Max: 29.03
Current: 20.12
During the past 13 years, Galp Energia SGPS's highest Forward Rate of Return was 29.03. The lowest was -30.54. And the median was 23.74.
GLPEF's Forward Rate of Return (Yacktman) % is ranked better than 69.9% of 608
companies
in the Oil & Gas industry
Industry Median: 13.245
vs GLPEF: 20.12
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.
Galp Energia SGPS (OTCPK:GLPEF) 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.
Galp Energia SGPS Forward Rate of Return (Yacktman) % Related Terms
Galp Energia SGPS Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Galp Energia SGPS'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.
Galp Energia SGPS Forward Rate of Return (Yacktman) % Chart
GLPEF vs XOM, CVX: Forward Rate of Return (Yacktman) % Comparison
For the Oil & Gas Integrated subindustry, Galp Energia SGPS'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.
Galp Energia SGPS Forward Rate of Return (Yacktman) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Galp Energia SGPS's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Galp Energia SGPS's Forward Rate of Return (Yacktman) % falls into.
Galp Energia SGPS 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 20.89% mean?
Galp Energia SGPS (GLPEF) has a Forward Rate of Return (Yacktman) % of 20.89% 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 Galp Energia SGPS and its competitors. This is 12% below median its historical median of 23.74. According to the industry distribution chart, Galp Energia SGPS ranks #183 out of 608 companies in the Oil & Gas industry, placing it in the top 30.1%.
Is Galp Energia SGPS's Forward Rate of Return (Yacktman) % too high?
Galp Energia SGPS's current Forward Rate of Return (Yacktman) % of 20.89% is 12% below median its 10-year median of 23.74. The Oil & Gas industry median Forward Rate of Return (Yacktman) % is 13.25. Galp Energia SGPS's value of 20.89% is 57.7% above this industry median. Based on the distribution chart, Galp Energia SGPS ranks #183 out of 608 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Galp Energia SGPS has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Galp Energia SGPS's Forward Rate of Return (Yacktman) % compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Galp Energia SGPS ranks #183 out of 608 companies for Forward Rate of Return (Yacktman) %. This puts Galp Energia SGPS in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 13.25. Galp Energia SGPS's value of 20.89% is 57.7% above this benchmark. While the company's 10-year median is 23.74 vs. the industry median of 13.25, Galp Energia SGPS 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 Oil & Gas company?
The median Forward Rate of Return (Yacktman) % among Oil & Gas companies is 13.25, based on 608 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. Galp Energia SGPS's current Forward Rate of Return (Yacktman) % of 20.89% is 57.7% 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 Galp Energia SGPS and its competitors. For the Oil & Gas industry, the median Forward Rate of Return (Yacktman) % is 13.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Galp Energia SGPS's current Forward Rate of Return (Yacktman) % is 20.89%, which is 12% below median its own 10-year median of 23.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Galp Energia SGPS stock overvalued right now?
Based on GuruFocus' analysis, Galp Energia SGPS (GLPEF) is currently considered Modestly Overvalued. The stock's GF Value™ is $19.53, compared to a current price of $22.64 — trading 15.9% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 20.89%, which is 12% below median its 10-year median of 23.74 and 57.7% above the Oil & Gas industry median of 13.25. Galp Energia SGPS's overall GF Score™ is 76/100 with 5 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 Galp Energia SGPS (GLPEF), the current Forward Rate of Return (Yacktman) % is 20.89% 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 Galp Energia SGPS (GLPEF) Overvalued in 2026?
Based on GuruFocus' analysis, Galp Energia SGPS stock appears to be overvalued.
The current stock price of $22.64 is trading 15.9% above its estimated GF Value™ of $19.53.
GuruFocus considers Galp Energia SGPS to be Modestly Overvalued.
Key valuation signals for GLPEF:
Forward Rate of Return (Yacktman) %: 20.89% (12% below median its 10-year median of 23.74)
GF Value™: $19.53 vs. price of $22.64 (15.9% above fair value)
Industry Position: 57.7% above the Oil & Gas median (#183 of 608)
No single metric tells the full story. See the GLPEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Galp Energia SGPS SA is an integrated operator with business lines spanning from exploration and production to refining and marketing of oil products. Its operating segments include Upstream, Industrial and Midstream, Commercial and Renewables, and New Businesses. The Upstream segment involves, management of all activities relating to the exploration, development, and production of hydrocarbons. The Industrial & Midstream segment operates the Sines industrial site in Portugal, which includes all current refining activities, The Commercial segment encompasses the area of retail to final B2B and B2C customers of oil, gas, electricity, and convenience. The Renewables & New Businesses segment represents Galp's presence in the renewable and new energies space.
76GF Score
Get the complete analysis for GLPEF
Forward Rate of Return (Yacktman) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
GLPEF has been successfully added to your 
