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Aselsan Elektroniknayi Ve Ticaret ASIST:ASELS -2.55%80 Forward Rate of Return (Yacktman) % is 19.95% as of Mar. 2026, which is 4% above its 10-year median of 19.17. GuruFocus rates IST:ASELS with a GF Score™ of 80/100 and a GF Value™ of ₺119.77 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 202 Aerospace & Defense companies, Aselsan Elektroniknayi Ve Ticaret AS ranks better than 77.23% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Aselsan Elektroniknayi Ve Ticaret AS's forward rate of return for was 19.95%.
The historical rank and industry rank for Aselsan Elektroniknayi Ve Ticaret AS's Forward Rate of Return (Yacktman) % or its related term are showing as below:
IST:ASELS'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 10.75 Med: 19.17 Max: 21.46
Current: 19.95
During the past 13 years, Aselsan Elektroniknayi Ve Ticaret AS's highest Forward Rate of Return was 21.46. The lowest was 10.75. And the median was 19.17.
IST:ASELS's Forward Rate of Return (Yacktman) % is ranked better than 77.23% of 202
companies
in the Aerospace & Defense industry
Industry Median: 9.24
vs IST:ASELS: 19.95
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.
Aselsan Elektroniknayi Ve Ticaret AS (IST:ASELS) 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.
Aselsan Elektroniknayi Ve Ticaret AS Forward Rate of Return (Yacktman) % Related Terms
Aselsan Elektroniknayi Ve Ticaret AS Forward Rate of Return (Yacktman) % Historical Data
* 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.
Aselsan Elektroniknayi Ve Ticaret AS Forward Rate of Return (Yacktman) % Chart
IST:ASELS vs SPCX, GE, RTX: Forward Rate of Return (Yacktman) % Comparison
For the Aerospace & Defense subindustry, Aselsan Elektroniknayi Ve Ticaret AS'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.
Aselsan Elektroniknayi Ve Ticaret AS Forward Rate of Return (Yacktman) % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Aselsan Elektroniknayi Ve Ticaret AS's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Aselsan Elektroniknayi Ve Ticaret AS's Forward Rate of Return (Yacktman) % falls into.
Aselsan Elektroniknayi Ve Ticaret AS 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 19.95% mean?
Aselsan Elektroniknayi Ve Ticaret AS (IST:ASELS) has a Forward Rate of Return (Yacktman) % of 19.95% as of Mar. 2026. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Aselsan Elektroniknayi Ve Ticaret AS and its competitors. This is near median its historical median of 19.17. Over the past decade, Aselsan Elektroniknayi Ve Ticaret AS's Forward Rate of Return (Yacktman) % has ranged from 10.75 to 21.46. According to the industry distribution chart, Aselsan Elektroniknayi Ve Ticaret AS ranks #46 out of 202 companies in the Aerospace & Defense industry, placing it in the top 22.8%.
Is Aselsan Elektroniknayi Ve Ticaret AS's Forward Rate of Return (Yacktman) % too high?
Aselsan Elektroniknayi Ve Ticaret AS's current Forward Rate of Return (Yacktman) % of 19.95% is near median its 10-year median of 19.17. Over the past 10 years, this metric has ranged from a low of 10.75 to a high of 21.46. The Aerospace & Defense industry median Forward Rate of Return (Yacktman) % is 9.24. Aselsan Elektroniknayi Ve Ticaret AS's value of 19.95% is 115.9% above this industry median. Based on the distribution chart, Aselsan Elektroniknayi Ve Ticaret AS ranks #46 out of 202 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Aselsan Elektroniknayi Ve Ticaret AS has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aselsan Elektroniknayi Ve Ticaret AS's Forward Rate of Return (Yacktman) % compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Aselsan Elektroniknayi Ve Ticaret AS ranks #46 out of 202 companies for Forward Rate of Return (Yacktman) %. This places Aselsan Elektroniknayi Ve Ticaret AS in the top 23% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 9.24. Aselsan Elektroniknayi Ve Ticaret AS's value of 19.95% is 115.9% above this benchmark. Historically, Aselsan Elektroniknayi Ve Ticaret AS's own Forward Rate of Return (Yacktman) % has ranged from 10.75 to 21.46 over the past decade. While the company's 10-year median is 19.17 vs. the industry median of 9.24, Aselsan Elektroniknayi Ve Ticaret AS 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 Aerospace & Defense company?
The median Forward Rate of Return (Yacktman) % among Aerospace & Defense companies is 9.24, based on 202 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. Aselsan Elektroniknayi Ve Ticaret AS's current Forward Rate of Return (Yacktman) % of 19.95% is 115.9% 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 Aselsan Elektroniknayi Ve Ticaret AS and its competitors. For the Aerospace & Defense industry, the median Forward Rate of Return (Yacktman) % is 9.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aselsan Elektroniknayi Ve Ticaret AS's current Forward Rate of Return (Yacktman) % is 19.95%, which is near median its own 10-year median of 19.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aselsan Elektroniknayi Ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Aselsan Elektroniknayi Ve Ticaret AS (IST:ASELS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺119.77, compared to a current price of ₺353.75 — trading 195.4% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 19.95%, which is near median its 10-year median of 19.17 and 115.9% above the Aerospace & Defense industry median of 9.24. Aselsan Elektroniknayi Ve Ticaret AS's overall GF Score™ is 80/100 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 Aselsan Elektroniknayi Ve Ticaret AS (IST:ASELS), the current Forward Rate of Return (Yacktman) % is 19.95% as of Mar. 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 Aselsan Elektroniknayi Ve Ticaret AS (IST:ASELS) Overvalued in 2026?
Based on GuruFocus' analysis, Aselsan Elektroniknayi Ve Ticaret AS stock appears to be overvalued.
The current stock price of ₺353.75 is trading 195.4% above its estimated GF Value™ of ₺119.77.
GuruFocus considers Aselsan Elektroniknayi Ve Ticaret AS to be Significantly Overvalued.
Key valuation signals for IST:ASELS:
Forward Rate of Return (Yacktman) %: 19.95% (near median its 10-year median of 19.17)
GF Value™: ₺119.77 vs. price of ₺353.75 (195.4% above fair value)
Industry Position: 115.9% above the Aerospace & Defense median (#46 of 202)
No single metric tells the full story. See the IST:ASELS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aselsan Elektronik Sanayi Ve Ticaret AS provides defense technologies to the Turkish armed forces. Additionally, it exports systems and solutions to clients in other countries and has taken on civil projects. Its products may help with communications, radars, sensing, or other defense systems to enhance proficiencies within the industrials sector. Marketing efforts may be geared toward a specific customer or specific segment in the market, and plans are implemented to showcase product capabilities.
80GF Score
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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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