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LeMaitre VascularLMAT -1.94%99 Forward Rate of Return (Yacktman) % is 18.29% as of Jun. 2026, which is 9% above its 10-year median of 16.74. GuruFocus rates LMAT with a GF Score™ of 99/100 and a GF Value™ of $95.35 (Modestly Undervalued). Among 378 Medical Devices & Instruments companies, LeMaitre Vascular ranks better than 75.66% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. LeMaitre Vascular's forward rate of return for was 18.29%.
The historical rank and industry rank for LeMaitre Vascular's Forward Rate of Return (Yacktman) % or its related term are showing as below:
LMAT'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 7.36 Med: 16.74 Max: 23.11
Current: 18.56
During the past 13 years, LeMaitre Vascular's highest Forward Rate of Return was 23.11. The lowest was 7.36. And the median was 16.74.
LMAT's Forward Rate of Return (Yacktman) % is ranked better than 75.66% of 378
companies
in the Medical Devices & Instruments industry
Industry Median: 7.74
vs LMAT: 18.56
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.
LeMaitre Vascular (NAS:LMAT) 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.
LeMaitre Vascular Forward Rate of Return (Yacktman) % Related Terms
LeMaitre Vascular Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for LeMaitre Vascular'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.
LeMaitre Vascular Forward Rate of Return (Yacktman) % Chart
LMAT vs PLSE, XRAY, ATRC: Forward Rate of Return (Yacktman) % Comparison
For the Medical Instruments & Supplies subindustry, LeMaitre Vascular'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.
LeMaitre Vascular Forward Rate of Return (Yacktman) % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, LeMaitre Vascular's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where LeMaitre Vascular's Forward Rate of Return (Yacktman) % falls into.
LeMaitre Vascular 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 18.29% mean?
LeMaitre Vascular (LMAT) has a Forward Rate of Return (Yacktman) % of 18.29% 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 LeMaitre Vascular and its competitors. This is near median its historical median of 16.74. Over the past decade, LeMaitre Vascular's Forward Rate of Return (Yacktman) % has ranged from 7.36 to 23.11. According to the industry distribution chart, LeMaitre Vascular ranks #92 out of 378 companies in the Medical Devices & Instruments industry, placing it in the top 24.3%.
Is LeMaitre Vascular's Forward Rate of Return (Yacktman) % too high?
LeMaitre Vascular's current Forward Rate of Return (Yacktman) % of 18.29% is near median its 10-year median of 16.74. Over the past 10 years, this metric has ranged from a low of 7.36 to a high of 23.11. The Medical Devices & Instruments industry median Forward Rate of Return (Yacktman) % is 7.74. LeMaitre Vascular's value of 18.29% is 136.3% above this industry median. Based on the distribution chart, LeMaitre Vascular ranks #92 out of 378 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, LeMaitre Vascular has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does LeMaitre Vascular's Forward Rate of Return (Yacktman) % compare to PLSE and XRAY?
According to the Medical Devices & Instruments industry distribution chart, LeMaitre Vascular ranks #92 out of 378 companies for Forward Rate of Return (Yacktman) %. This places LeMaitre Vascular in the top 24% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 7.74. LeMaitre Vascular's value of 18.29% is 136.3% above this benchmark. Historically, LeMaitre Vascular's own Forward Rate of Return (Yacktman) % has ranged from 7.36 to 23.11 over the past decade. While the company's 10-year median is 16.74 vs. the industry median of 7.74, LeMaitre Vascular 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 7.74, 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. LeMaitre Vascular's current Forward Rate of Return (Yacktman) % of 18.29% is 136.3% 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 LeMaitre Vascular and its competitors. For the Medical Devices & Instruments industry, the median Forward Rate of Return (Yacktman) % is 7.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LeMaitre Vascular's current Forward Rate of Return (Yacktman) % is 18.29%, which is near median its own 10-year median of 16.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LeMaitre Vascular stock overvalued right now?
Based on GuruFocus' analysis, LeMaitre Vascular (LMAT) is currently considered Modestly Undervalued. The stock's GF Value™ is $95.35, compared to a current price of $82.32 — trading 13.7% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 18.29%, which is near median its 10-year median of 16.74 and 136.3% above the Medical Devices & Instruments industry median of 7.74. LeMaitre Vascular's overall GF Score™ is 99/100. 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 LeMaitre Vascular (LMAT), the current Forward Rate of Return (Yacktman) % is 18.29% 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 LeMaitre Vascular (LMAT) Overvalued in 2026?
Based on GuruFocus' analysis, LeMaitre Vascular stock appears to be undervalued.
The current stock price of $82.32 is trading 13.7% below its estimated GF Value™ of $95.35.
GuruFocus considers LeMaitre Vascular to be Modestly Undervalued.
Key valuation signals for LMAT:
Forward Rate of Return (Yacktman) %: 18.29% (near median its 10-year median of 16.74)
GF Value™: $95.35 vs. price of $82.32 (13.7% below fair value)
Industry Position: 136.3% above the Medical Devices & Instruments median (#92 of 378)
No single metric tells the full story. See the LMAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LeMaitre Vascular Inc is a provider of medical devices and human tissue cryopreservation services mainly used in the treatment of peripheral vascular disease, end-stage renal disease, and cardiovascular disease. The company develops, manufactures, and markets vascular devices to address the needs of vascular surgeons and, to a lesser extent, other specialties such as cardiac surgeons, general surgeons, and neurosurgeons. Its diversified portfolio consists of branded products used in arteries and veins that are well known to vascular surgeons. It operates across the Americas, Europe, the Middle East and Africa, and Asia Pacific, with the majority of its revenue generated from the Americas.
99GF Score
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