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ICU MedicalICUI -0.10%81 Forward Rate of Return (Yacktman) % is 9.40% as of Jun. 2026, which is 7% above its 10-year median of 8.76. GuruFocus rates ICUI with a GF Score™ of 81/100 and a GF Value™ of $120.63 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 378 Medical Devices & Instruments companies, ICU Medical ranks better than 53.17% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. ICU Medical's forward rate of return for was 9.40%.
The historical rank and industry rank for ICU Medical's Forward Rate of Return (Yacktman) % or its related term are showing as below:
ICUI'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 2.37 Med: 8.76 Max: 19.2
Current: 9.03
During the past 13 years, ICU Medical's highest Forward Rate of Return was 19.20. The lowest was 2.37. And the median was 8.76.
ICUI's Forward Rate of Return (Yacktman) % is ranked better than 53.17% of 378
companies
in the Medical Devices & Instruments industry
Industry Median: 7.445
vs ICUI: 9.03
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.
ICU Medical (NAS:ICUI) 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.
ICU Medical Forward Rate of Return (Yacktman) % Related Terms
ICU Medical Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for ICU Medical'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.
ICU Medical Forward Rate of Return (Yacktman) % Chart
ICUI vs NVST, MMSI, MMED: Forward Rate of Return (Yacktman) % Comparison
For the Medical Instruments & Supplies subindustry, ICU Medical'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.
ICU Medical Forward Rate of Return (Yacktman) % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, ICU Medical's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where ICU Medical's Forward Rate of Return (Yacktman) % falls into.
ICU Medical 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).
ICU Medical's Forward Rate of Return of Jun. 2026 is
Forward Rate of Return
=
Normalized Free Cash Flow
/
Price
+
5-Year EBITDA Growth Rate
=
2.77771429
/
146.6
+
0.0751
=
9.40 %
* 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 9.40% mean?
ICU Medical (ICUI) has a Forward Rate of Return (Yacktman) % of 9.40% 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 ICU Medical and its competitors. This is near median its historical median of 8.76. Over the past decade, ICU Medical's Forward Rate of Return (Yacktman) % has ranged from 2.37 to 19.20. According to the industry distribution chart, ICU Medical ranks #177 out of 378 companies in the Medical Devices & Instruments industry, placing it in the top 46.8%.
Is ICU Medical's Forward Rate of Return (Yacktman) % too high?
ICU Medical's current Forward Rate of Return (Yacktman) % of 9.40% is near median its 10-year median of 8.76. Over the past 10 years, this metric has ranged from a low of 2.37 to a high of 19.20. The Medical Devices & Instruments industry median Forward Rate of Return (Yacktman) % is 7.45. ICU Medical's value of 9.40% is 26.3% above this industry median. Based on the distribution chart, ICU Medical ranks #177 out of 378 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, ICU Medical has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ICU Medical's Forward Rate of Return (Yacktman) % compare to NVST and MMSI?
According to the Medical Devices & Instruments industry distribution chart, ICU Medical ranks #177 out of 378 companies for Forward Rate of Return (Yacktman) %. This puts ICU Medical in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 7.45. ICU Medical's value of 9.40% is 26.3% above this benchmark. Historically, ICU Medical's own Forward Rate of Return (Yacktman) % has ranged from 2.37 to 19.20 over the past decade. While the company's 10-year median is 8.76 vs. the industry median of 7.45, ICU Medical 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 Medical Devices & Instruments company?
The median Forward Rate of Return (Yacktman) % among Medical Devices & Instruments companies is 7.45, based on 378 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. ICU Medical's current Forward Rate of Return (Yacktman) % of 9.40% is 26.3% 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 ICU Medical and its competitors. For the Medical Devices & Instruments industry, the median Forward Rate of Return (Yacktman) % is 7.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ICU Medical's current Forward Rate of Return (Yacktman) % is 9.40%, which is near median its own 10-year median of 8.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ICU Medical stock overvalued right now?
Based on GuruFocus' analysis, ICU Medical (ICUI) is currently considered Significantly Overvalued. The stock's GF Value™ is $120.63, compared to a current price of $182.34 — trading 51.2% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 9.40%, which is near median its 10-year median of 8.76 and 26.3% above the Medical Devices & Instruments industry median of 7.45. ICU Medical's overall GF Score™ is 81/100 with 8 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 ICU Medical (ICUI), the current Forward Rate of Return (Yacktman) % is 9.40% 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 ICU Medical (ICUI) Overvalued in 2026?
Based on GuruFocus' analysis, ICU Medical stock appears to be overvalued.
The current stock price of $182.34 is trading 51.2% above its estimated GF Value™ of $120.63.
GuruFocus considers ICU Medical to be Significantly Overvalued.
Key valuation signals for ICUI:
Forward Rate of Return (Yacktman) %: 9.40% (near median its 10-year median of 8.76)
GF Value™: $120.63 vs. price of $182.34 (51.2% above fair value)
Industry Position: 26.3% above the Medical Devices & Instruments median (#177 of 378)
No single metric tells the full story. See the ICUI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ICU Medical is a California-based pure-play infusion therapy company that provides consumables, systems, and services for virtually every component of the IV continuum of care. ICU has become one of the largest players in its industry following its acquisition of Hospira Infusion Systems from Pfizer in 2017 and Smiths Medical from Smiths Group in 2022. It holds top-tier positions across its three reporting segments: consumables (50% of consolidated revenue), infusion systems (30%), and vital care (20%). The combined entity remains primarily US-focused, generating over 60% of its sales domestically.
81GF Score
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