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Unipol Assicurazioni SpAHAM:UIPN +0.50%44 Forward Rate of Return (Yacktman) % is 23.61% as of Dec. 2025, which is 50% below its 10-year median of 46.86. GuruFocus rates HAM:UIPN with a GF Score™ of 44/100 and a GF Value™ of €17.09 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 278 Insurance companies, Unipol Assicurazioni SpA ranks worse than 359711.87% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Unipol Assicurazioni SpA's forward rate of return for was 23.61%.
The historical rank and industry rank for Unipol Assicurazioni SpA's Forward Rate of Return (Yacktman) % or its related term are showing as below:
During the past 13 years, Unipol Assicurazioni SpA's highest Forward Rate of Return was 133.71. The lowest was 27.02. And the median was 46.86.
HAM:UIPN's Forward Rate of Return (Yacktman) % is not ranked *
in the Insurance industry.
Industry Median: 16.64 * Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
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 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.
Unipol Assicurazioni SpA Forward Rate of Return (Yacktman) % Related Terms
Unipol Assicurazioni SpA Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Unipol Assicurazioni SpA'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.
Unipol Assicurazioni SpA Forward Rate of Return (Yacktman) % Chart
HAM:UIPN vs CB, PGR, TRV: Forward Rate of Return (Yacktman) % Comparison
For the Insurance - Property & Casualty subindustry, Unipol Assicurazioni SpA'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.
Unipol Assicurazioni SpA Forward Rate of Return (Yacktman) % vs Insurance Industry
For the Insurance industry and Financial Services sector, Unipol Assicurazioni SpA's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Unipol Assicurazioni SpA's Forward Rate of Return (Yacktman) % falls into.
Unipol Assicurazioni SpA 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 23.61% mean?
Unipol Assicurazioni SpA (HAM:UIPN) has a Forward Rate of Return (Yacktman) % of 23.61% as of Dec. 2025. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Unipol Assicurazioni SpA and its competitors. This is 50% below median its historical median of 46.86. Over the past decade, Unipol Assicurazioni SpA's Forward Rate of Return (Yacktman) % has ranged from 27.02 to 133.71. According to the industry distribution chart, Unipol Assicurazioni SpA ranks #999999 out of 278 companies in the Insurance industry.
Is Unipol Assicurazioni SpA's Forward Rate of Return (Yacktman) % too high?
Unipol Assicurazioni SpA's current Forward Rate of Return (Yacktman) % of 23.61% is 50% below median its 10-year median of 46.86. Over the past 10 years, this metric has ranged from a low of 27.02 to a high of 133.71. The Insurance industry median Forward Rate of Return (Yacktman) % is 16.64. Unipol Assicurazioni SpA's value of 23.61% is 41.9% above this industry median. Based on the distribution chart, Unipol Assicurazioni SpA ranks #999999 out of 278 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Unipol Assicurazioni SpA has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Unipol Assicurazioni SpA's Forward Rate of Return (Yacktman) % compare to CB and PGR?
According to the Insurance industry distribution chart, Unipol Assicurazioni SpA ranks #999999 out of 278 companies for Forward Rate of Return (Yacktman) %. This places Unipol Assicurazioni SpA in the lower half of its industry. The industry median Forward Rate of Return (Yacktman) % is 16.64. Unipol Assicurazioni SpA's value of 23.61% is 41.9% above this benchmark. Historically, Unipol Assicurazioni SpA's own Forward Rate of Return (Yacktman) % has ranged from 27.02 to 133.71 over the past decade. While the company's 10-year median is 46.86 vs. the industry median of 16.64, Unipol Assicurazioni SpA 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 16.64, 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. Unipol Assicurazioni SpA's current Forward Rate of Return (Yacktman) % of 23.61% is 41.9% 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 Unipol Assicurazioni SpA and its competitors. For the Insurance industry, the median Forward Rate of Return (Yacktman) % is 16.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Unipol Assicurazioni SpA's current Forward Rate of Return (Yacktman) % is 23.61%, which is 50% below median its own 10-year median of 46.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unipol Assicurazioni SpA stock overvalued right now?
Based on GuruFocus' analysis, Unipol Assicurazioni SpA (HAM:UIPN) is currently considered Significantly Overvalued. The stock's GF Value™ is €17.09, compared to a current price of €27.48 — trading 60.8% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 23.61%, which is 50% below median its 10-year median of 46.86 and 41.9% above the Insurance industry median of 16.64. Unipol Assicurazioni SpA's overall GF Score™ is 44/100 with 4 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 Unipol Assicurazioni SpA (HAM:UIPN), the current Forward Rate of Return (Yacktman) % is 23.61% as of Dec. 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 Unipol Assicurazioni SpA (HAM:UIPN) Overvalued in 2026?
Based on GuruFocus' analysis, Unipol Assicurazioni SpA stock appears to be overvalued.
The current stock price of €27.48 is trading 60.8% above its estimated GF Value™ of €17.09.
GuruFocus considers Unipol Assicurazioni SpA to be Significantly Overvalued.
Key valuation signals for HAM:UIPN:
Forward Rate of Return (Yacktman) %: 23.61% (50% below median its 10-year median of 46.86)
GF Value™: €17.09 vs. price of €27.48 (60.8% above fair value)
Industry Position: 41.9% above the Insurance median (#999999 of 278)
No single metric tells the full story. See the HAM:UIPN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Unipol Assicurazioni SpA is engaged in providing insurance and banking products in Italy. It offers life insurance, non-life insurance, car insurance, Reinsurance, etc.
44GF Score
Get the complete analysis for HAM:UIPN
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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