IUSDF (As One) Forward Rate of Return (Yacktman) %: 10.46% (As of Mar. 2026) — 11% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

IUSDF As One Corp IUSDF
90 GF Score
Price $14.00
GF Value $18.17
! 1 Warning Sign
View Full Analysis

What is As One Forward Rate of Return (Yacktman) %?

As One IUSDF 90 Forward Rate of Return (Yacktman) % is 10.46% as of Mar. 2026, which is 11% above its 10-year median of 9.43. GuruFocus rates IUSDF with a GF Score™ of 90/100 and a GF Value™ of $18.17. The stock has 1 warning sign investors should review. Among 85 Medical Distribution companies, As One ranks better than 52.94% on this metric.

Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. As One's forward rate of return for was 10.46%.

The historical rank and industry rank for As One's Forward Rate of Return (Yacktman) % or its related term are showing as below:

IUSDF' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 3.6   Med: 9.43   Max: 13.7
Current: 10.2

During the past 13 years, As One's highest Forward Rate of Return was 13.70. The lowest was 3.60. And the median was 9.43.

IUSDF's Forward Rate of Return (Yacktman) % is ranked better than
52.94% of 85 companies
in the Medical Distribution industry
Industry Median: 9.42 vs IUSDF: 10.20

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.


As One  (OTCPK:IUSDF) 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.


As One Forward Rate of Return (Yacktman) % Related Terms


As One Forward Rate of Return (Yacktman) % Historical Data

* Premium members only.

The historical data trend for As One'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.

As One Forward Rate of Return (Yacktman) % Chart

As One Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Forward Rate of Return (Yacktman) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.89 13.68 11.65 10.77 10.46

As One Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Forward Rate of Return (Yacktman) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 10.46 0.00

IUSDF vs MCK, COR, CAH: Forward Rate of Return (Yacktman) % Comparison

For the Medical Distribution subindustry, As One'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.


As One Forward Rate of Return (Yacktman) % vs Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, As One's Forward Rate of Return (Yacktman) % distribution charts can be found below:

* The bar in red indicates where As One's Forward Rate of Return (Yacktman) % falls into.


IUSDF
90GF Score
As One Corp IUSDF
Forward Rate of Return (Yacktman) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

As One 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).

As One's Forward Rate of Return of Mar. 2026 is

Forward Rate of Return=Normalized Free Cash Flow/Price+5-Year EBITDA Growth Rate
=0.55466667/14+-0.0085
=3.11 %

* 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 10.46% mean?
As One (IUSDF) has a Forward Rate of Return (Yacktman) % of 10.46% 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 As One and its competitors. This is 11% above median its historical median of 9.43. Over the past decade, As One's Forward Rate of Return (Yacktman) % has ranged from 3.60 to 13.70. According to the industry distribution chart, As One ranks #40 out of 85 companies in the Medical Distribution industry, placing it in the top 47.1%.
Is As One's Forward Rate of Return (Yacktman) % too high?
As One's current Forward Rate of Return (Yacktman) % of 10.46% is 11% above median its 10-year median of 9.43. Over the past 10 years, this metric has ranged from a low of 3.60 to a high of 13.70. The Medical Distribution industry median Forward Rate of Return (Yacktman) % is 9.42. As One's value of 10.46% is 11% above this industry median. Based on the distribution chart, As One ranks #40 out of 85 companies in the Medical Distribution industry, which is above the industry midpoint. Overall, As One has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does As One's Forward Rate of Return (Yacktman) % compare to MCK and COR?
According to the Medical Distribution industry distribution chart, As One ranks #40 out of 85 companies for Forward Rate of Return (Yacktman) %. This puts As One in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 9.42. As One's value of 10.46% is 11% above this benchmark. Historically, As One's own Forward Rate of Return (Yacktman) % has ranged from 3.60 to 13.70 over the past decade. While the company's 10-year median is 9.43 vs. the industry median of 9.42, As One 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 Distribution company?
The median Forward Rate of Return (Yacktman) % among Medical Distribution companies is 9.42, based on 85 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. As One's current Forward Rate of Return (Yacktman) % of 10.46% is 11% 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 As One and its competitors. For the Medical Distribution industry, the median Forward Rate of Return (Yacktman) % is 9.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. As One's current Forward Rate of Return (Yacktman) % is 10.46%, which is 11% above median its own 10-year median of 9.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is As One stock overvalued right now?
As One (IUSDF) has a current Forward Rate of Return (Yacktman) % of 10.46%. The stock's GF Value™ is $18.17, compared to a current price of $14.00 — trading 22.9% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 10.46%, which is 11% above median its 10-year median of 9.43 and 11% above the Medical Distribution industry median of 9.42. As One's overall GF Score™ is 90/100 with 1 warning sign 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 As One (IUSDF), the current Forward Rate of Return (Yacktman) % is 10.46% 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 As One (IUSDF) Overvalued in 2026?

Based on GuruFocus' analysis, As One stock appears to be undervalued. The current stock price of $14.00 is trading 22.9% below its estimated GF Value™ of $18.17.

Key valuation signals for IUSDF:

  • Forward Rate of Return (Yacktman) %: 10.46% (11% above median its 10-year median of 9.43)
  • GF Value™: $18.17 vs. price of $14.00 (22.9% below fair value)
  • GF Score™: 90/100 with 1 warning sign
  • Industry Position: 11% above the Medical Distribution median (#40 of 85)

No single metric tells the full story. See the IUSDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


As One Business Description

Other Exchanges 7476:Japan
Address Edobori 2-1-27 Nishi-ku, Osaka, JPN
As One Corp is a trading engaged in sale of scientific instruments, industrial instruments, hospital or nursing instruments and approach to specialized fields. The company generates maximum revenue from scientific instrument product line which includes measuring instruments; cultivation, separation, analysis products such as microscopes, glass slides, and tissue culture products; Equipment / storage / conveyance products such as experimental platforms, fume hoods; Vessels or containers which includes storage of samples, reagents; Necessities for experiments including glass or plastic beakers, flask indispensable for experiments, hoses, tubes, joints, plus paper products such as tapes and labels; Equipment for laboratories like timers, packaging machines, tools, office supplies.
90GF Score

Get the complete analysis for IUSDF

Forward Rate of Return (Yacktman) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$14.00
Price
$18.17
GF Value