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Jardine Cycle & CarriageJCYCF 71 Forward Rate of Return (Yacktman) % is 24.35% as of Dec. 2025, which is 10% below its 10-year median of 27.19. GuruFocus rates JCYCF with a GF Score™ of 71/100 and a GF Value™ of $20.52 (Fairly Valued). The stock has 3 warning signs investors should review. Among 424 Conglomerates companies, Jardine Cycle & Carriage ranks better than 89.15% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Jardine Cycle & Carriage's forward rate of return for was 24.35%.
The historical rank and industry rank for Jardine Cycle & Carriage's Forward Rate of Return (Yacktman) % or its related term are showing as below:
JCYCF'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -3.68 Med: 27.19 Max: 41.36
Current: 28.75
During the past 13 years, Jardine Cycle & Carriage's highest Forward Rate of Return was 41.36. The lowest was -3.68. And the median was 27.19.
JCYCF's Forward Rate of Return (Yacktman) % is ranked better than 89.15% of 424
companies
in the Conglomerates industry
Industry Median: 12.985
vs JCYCF: 28.75
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.
Jardine Cycle & Carriage Forward Rate of Return (Yacktman) % Related Terms
Jardine Cycle & Carriage Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Jardine Cycle & Carriage'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.
JCYCF vs MMM, HON: Forward Rate of Return (Yacktman) % Comparison
For the Conglomerates subindustry, Jardine Cycle & Carriage'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.
Jardine Cycle & Carriage Forward Rate of Return (Yacktman) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Jardine Cycle & Carriage's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Jardine Cycle & Carriage's Forward Rate of Return (Yacktman) % falls into.
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 24.35% mean?
Jardine Cycle & Carriage (JCYCF) has a Forward Rate of Return (Yacktman) % of 24.35% 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 Jardine Cycle & Carriage and its competitors. This is 10% below median its historical median of 27.19. According to the industry distribution chart, Jardine Cycle & Carriage ranks #46 out of 424 companies in the Conglomerates industry, placing it in the top 10.8%.
Is Jardine Cycle & Carriage's Forward Rate of Return (Yacktman) % too high?
Jardine Cycle & Carriage's current Forward Rate of Return (Yacktman) % of 24.35% is 10% below median its 10-year median of 27.19. The Conglomerates industry median Forward Rate of Return (Yacktman) % is 12.99. Jardine Cycle & Carriage's value of 24.35% is 87.5% above this industry median. Based on the distribution chart, Jardine Cycle & Carriage ranks #46 out of 424 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Jardine Cycle & Carriage has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Jardine Cycle & Carriage's Forward Rate of Return (Yacktman) % compare to MMM and HON?
According to the Conglomerates industry distribution chart, Jardine Cycle & Carriage ranks #46 out of 424 companies for Forward Rate of Return (Yacktman) %. This places Jardine Cycle & Carriage in the top 11% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 12.99. Jardine Cycle & Carriage's value of 24.35% is 87.5% above this benchmark. While the company's 10-year median is 27.19 vs. the industry median of 12.99, Jardine Cycle & Carriage 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 Conglomerates company?
The median Forward Rate of Return (Yacktman) % among Conglomerates companies is 12.99, based on 424 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. Jardine Cycle & Carriage's current Forward Rate of Return (Yacktman) % of 24.35% is 87.5% 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 Jardine Cycle & Carriage and its competitors. For the Conglomerates industry, the median Forward Rate of Return (Yacktman) % is 12.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jardine Cycle & Carriage's current Forward Rate of Return (Yacktman) % is 24.35%, which is 10% below median its own 10-year median of 27.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jardine Cycle & Carriage stock overvalued right now?
Based on GuruFocus' analysis, Jardine Cycle & Carriage (JCYCF) is currently considered Fairly Valued. The stock's GF Value™ is $20.52, compared to a current price of $22.10 — trading 7.7% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 24.35%, which is 10% below median its 10-year median of 27.19 and 87.5% above the Conglomerates industry median of 12.99. Jardine Cycle & Carriage's overall GF Score™ is 71/100 with 3 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 Jardine Cycle & Carriage (JCYCF), the current Forward Rate of Return (Yacktman) % is 24.35% 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 Jardine Cycle & Carriage (JCYCF) Overvalued in 2026?
Based on GuruFocus' analysis, Jardine Cycle & Carriage stock appears to be overvalued.
The current stock price of $22.10 is trading 7.7% above its estimated GF Value™ of $20.52.
GuruFocus considers Jardine Cycle & Carriage to be Fairly Valued.
Key valuation signals for JCYCF:
Forward Rate of Return (Yacktman) %: 24.35% (10% below median its 10-year median of 27.19)
GF Value™: $20.52 vs. price of $22.10 (7.7% above fair value)
Industry Position: 87.5% above the Conglomerates median (#46 of 424)
No single metric tells the full story. See the JCYCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jardine Cycle & Carriage Ltd is an investment holding conglomerate focused on investments in the manufacture and distribution of motor vehicles in Southeast Asia. Its segments are Astra, Thaco, Cycle & Carriage. The Astra segment includes the company's controlling interest in Astra International, an automotive group in Southeast Asia; THACO is a multi-industry group; Cycle & Carriage represents a broad range of automotive brands across its established network in Singapore and Malaysia.
71GF 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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