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Main Street CapitalMAIN +0.16%72 Forward Rate of Return (Yacktman) % is 15.85% as of Jun. 2026. GuruFocus rates MAIN with a GF Score™ of 72/100 and a GF Value™ of $59.63 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,168 Asset Management companies, Main Street Capital ranks better than 50.6% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Main Street Capital's forward rate of return for was 15.85%.
The historical rank and industry rank for Main Street Capital's Forward Rate of Return (Yacktman) % or its related term are showing as below:
MAIN'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -7.73 Med: -1.08 Max: 6.23
Current: 4.62
During the past 13 years, Main Street Capital's highest Forward Rate of Return was 6.23. The lowest was -7.73. And the median was -1.08.
MAIN's Forward Rate of Return (Yacktman) % is ranked better than 50.6% of 1168
companies
in the Asset Management industry
Industry Median: 4.5
vs MAIN: 4.62
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.
Main Street Capital (NYSE:MAIN) 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.
Main Street Capital Forward Rate of Return (Yacktman) % Related Terms
Main Street Capital Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Main Street Capital'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.
Main Street Capital Forward Rate of Return (Yacktman) % Chart
MAIN vs OBDC, OTF, BXSL: Forward Rate of Return (Yacktman) % Comparison
For the Asset Management subindustry, Main Street Capital'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.
Main Street Capital Forward Rate of Return (Yacktman) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Main Street Capital's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Main Street Capital's Forward Rate of Return (Yacktman) % falls into.
Main Street Capital 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 15.85% mean?
Main Street Capital (MAIN) has a Forward Rate of Return (Yacktman) % of 15.85% 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 Main Street Capital and its competitors. According to the industry distribution chart, Main Street Capital ranks #577 out of 1168 companies in the Asset Management industry, placing it in the top 49.4%.
Is Main Street Capital's Forward Rate of Return (Yacktman) % too high?
Main Street Capital's current Forward Rate of Return (Yacktman) % is 15.85%. The Asset Management industry median Forward Rate of Return (Yacktman) % is 4.50. Main Street Capital's value of 15.85% is 252.2% above this industry median. Based on the distribution chart, Main Street Capital ranks #577 out of 1168 companies in the Asset Management industry, which is above the industry midpoint. Overall, Main Street Capital has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Main Street Capital's Forward Rate of Return (Yacktman) % compare to OBDC and OTF?
According to the Asset Management industry distribution chart, Main Street Capital ranks #577 out of 1168 companies for Forward Rate of Return (Yacktman) %. This puts Main Street Capital in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 4.50. Main Street Capital's value of 15.85% is 252.2% above this benchmark. 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 Asset Management company?
The median Forward Rate of Return (Yacktman) % among Asset Management companies is 4.50, based on 1,168 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. Main Street Capital's current Forward Rate of Return (Yacktman) % of 15.85% is 252.2% 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 Main Street Capital and its competitors. For the Asset Management industry, the median Forward Rate of Return (Yacktman) % is 4.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Main Street Capital's current Forward Rate of Return (Yacktman) % is 15.85%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Main Street Capital stock overvalued right now?
Based on GuruFocus' analysis, Main Street Capital (MAIN) is currently considered Fairly Valued. The stock's GF Value™ is $59.63, compared to a current price of $56.28 — trading 5.6% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 15.85% and 252.2% above the Asset Management industry median of 4.50. Main Street Capital's overall GF Score™ is 72/100 with 9 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 Main Street Capital (MAIN), the current Forward Rate of Return (Yacktman) % is 15.85% 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 Main Street Capital (MAIN) Overvalued in 2026?
Based on GuruFocus' analysis, Main Street Capital stock appears to be undervalued.
The current stock price of $56.28 is trading 5.6% below its estimated GF Value™ of $59.63.
GuruFocus considers Main Street Capital to be Fairly Valued.
Key valuation signals for MAIN:
Forward Rate of Return (Yacktman) %: 15.85%
GF Value™: $59.63 vs. price of $56.28 (5.6% below fair value)
Industry Position: 252.2% above the Asset Management median (#577 of 1168)
No single metric tells the full story. See the MAIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Main Street Capital Corp is a principal investment firm focused on providing customized long-term debt and equity capital solutions to lower middle market ("LMM") companies and debt capital to private ("Private Loan") companies owned by or in the process of being acquired by a private equity fund. The group invests principally in secured debt investments, equity investments, warrants, and other securities of LMM companies, typically based in the U.S. The company operates as a single segment with a principal investment objective to maximize total return by generating current income from debt investments and current income and capital appreciation from equity and equity-related investments.
72GF Score
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