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Ion Beam ApplicationsIOBCF 81 Forward Rate of Return (Yacktman) % is 3.65% as of Dec. 2025, which is 22% above its 10-year median of 2.98. GuruFocus rates IOBCF with a GF Score™ of 81/100 and a GF Value™ of $18.55 (Fairly Valued). The stock has 10 warning signs investors should review. Among 375 Medical Devices & Instruments companies, Ion Beam Applications ranks worse than 62.67% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Ion Beam Applications's forward rate of return for was 3.65%.
The historical rank and industry rank for Ion Beam Applications's Forward Rate of Return (Yacktman) % or its related term are showing as below:
IOBCF'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -2.91 Med: 2.98 Max: 7.35
Current: 2.6
During the past 13 years, Ion Beam Applications's highest Forward Rate of Return was 7.35. The lowest was -2.91. And the median was 2.98.
IOBCF's Forward Rate of Return (Yacktman) % is ranked worse than 62.67% of 375
companies
in the Medical Devices & Instruments industry
Industry Median: 8.72
vs IOBCF: 2.60
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.
Ion Beam Applications (OTCPK:IOBCF) 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.
Ion Beam Applications Forward Rate of Return (Yacktman) % Related Terms
Ion Beam Applications Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Ion Beam Applications'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.
Ion Beam Applications Forward Rate of Return (Yacktman) % Chart
IOBCF vs ABT, SYK, MDT: Forward Rate of Return (Yacktman) % Comparison
For the Medical Devices subindustry, Ion Beam Applications'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.
Ion Beam Applications Forward Rate of Return (Yacktman) % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Ion Beam Applications's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Ion Beam Applications's Forward Rate of Return (Yacktman) % falls into.
Ion Beam Applications 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 3.65% mean?
Ion Beam Applications (IOBCF) has a Forward Rate of Return (Yacktman) % of 3.65% 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 Ion Beam Applications and its competitors. This is 22% above median its historical median of 2.98. According to the industry distribution chart, Ion Beam Applications ranks #235 out of 375 companies in the Medical Devices & Instruments industry, placing it in the top 62.7%.
Is Ion Beam Applications' Forward Rate of Return (Yacktman) % too high?
Ion Beam Applications' current Forward Rate of Return (Yacktman) % of 3.65% is 22% above median its 10-year median of 2.98. The Medical Devices & Instruments industry median Forward Rate of Return (Yacktman) % is 8.72. Ion Beam Applications' value of 3.65% is 58.1% below this industry median. Based on the distribution chart, Ion Beam Applications ranks #235 out of 375 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Ion Beam Applications has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ion Beam Applications' Forward Rate of Return (Yacktman) % compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Ion Beam Applications ranks #235 out of 375 companies for Forward Rate of Return (Yacktman) %. This places Ion Beam Applications in the lower half of its industry. The industry median Forward Rate of Return (Yacktman) % is 8.72. Ion Beam Applications' value of 3.65% is 58.1% below this benchmark. While the company's 10-year median is 2.98 vs. the industry median of 8.72, Ion Beam Applications has consistently been below 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 8.72, based on 375 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. Ion Beam Applications's current Forward Rate of Return (Yacktman) % of 3.65% is 58.1% below 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 Ion Beam Applications and its competitors. For the Medical Devices & Instruments industry, the median Forward Rate of Return (Yacktman) % is 8.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ion Beam Applications's current Forward Rate of Return (Yacktman) % is 3.65%, which is 22% above median its own 10-year median of 2.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ion Beam Applications stock overvalued right now?
Based on GuruFocus' analysis, Ion Beam Applications (IOBCF) is currently considered Fairly Valued. The stock's GF Value™ is $18.55, compared to a current price of $19.10 — trading 2.9% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 3.65%, which is 22% above median its 10-year median of 2.98 and 58.1% below the Medical Devices & Instruments industry median of 8.72. Ion Beam Applications' overall GF Score™ is 81/100 with 10 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 Ion Beam Applications (IOBCF), the current Forward Rate of Return (Yacktman) % is 3.65% 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 Ion Beam Applications (IOBCF) Overvalued in 2026?
Based on GuruFocus' analysis, Ion Beam Applications stock appears to be overvalued.
The current stock price of $19.10 is trading 2.9% above its estimated GF Value™ of $18.55.
GuruFocus considers Ion Beam Applications to be Fairly Valued.
Key valuation signals for IOBCF:
Forward Rate of Return (Yacktman) %: 3.65% (22% above median its 10-year median of 2.98)
GF Value™: $18.55 vs. price of $19.10 (2.9% above fair value)
Industry Position: 58.1% below the Medical Devices & Instruments median (#235 of 375)
No single metric tells the full story. See the IOBCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ion Beam Applications SA develops and manufactures medical devices and software solutions. The firm operates in three segments: IBA Clinical, including Proton Therapy and Dosimetry; IBA Technologies; and IBA Corporate. Proton therapy and other accelerators contribute to the majority of sales. It offers solutions for precision cancer treatment through the use of proton beams, as well as cyclotrons used for the production of radioisotopes and industrial accelerators for sterilization and ionization. The dosimetry business sells measurement and quality assurance instruments for radiotherapy and medical imaging. The firm operates in three geographical areas: Belgium, the United States, China, Germany, and India.
81GF Score
Get the complete analysis for IOBCF
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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