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HSBC Bank MaltaMAL:HSB 50 Forward Rate of Return (Yacktman) % is 85.15% as of Dec. 2025, which is 263% above its 10-year median of 23.47. GuruFocus rates MAL:HSB with a GF Score™ of 50/100 and a GF Value™ of €1.30 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,414 Banks companies, HSBC Bank Malta ranks better than 94.91% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. HSBC Bank Malta's forward rate of return for was 85.15%.
The historical rank and industry rank for HSBC Bank Malta's Forward Rate of Return (Yacktman) % or its related term are showing as below:
MAL:HSB'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -19.66 Med: 23.47 Max: 85.73
Current: 80.94
During the past 13 years, HSBC Bank Malta's highest Forward Rate of Return was 85.73. The lowest was -19.66. And the median was 23.47.
MAL:HSB's Forward Rate of Return (Yacktman) % is ranked better than 94.91% of 1414
companies
in the Banks industry
Industry Median: 15.445
vs MAL:HSB: 80.94
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.
HSBC Bank Malta (MAL:HSB) 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 Book Value 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.
HSBC Bank Malta Forward Rate of Return (Yacktman) % Related Terms
HSBC Bank Malta Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for HSBC Bank Malta'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.
HSBC Bank Malta Forward Rate of Return (Yacktman) % Chart
MAL:HSB vs USB, PNC: Forward Rate of Return (Yacktman) % Comparison
For the Banks - Regional subindustry, HSBC Bank Malta'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.
HSBC Bank Malta Forward Rate of Return (Yacktman) % vs Banks Industry
For the Banks industry and Financial Services sector, HSBC Bank Malta's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where HSBC Bank Malta's Forward Rate of Return (Yacktman) % falls into.
HSBC Bank Malta 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 85.15% mean?
HSBC Bank Malta (MAL:HSB) has a Forward Rate of Return (Yacktman) % of 85.15% 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 HSBC Bank Malta and its competitors. This is 263% above median its historical median of 23.47. According to the industry distribution chart, HSBC Bank Malta ranks #72 out of 1414 companies in the Banks industry, placing it in the top 5.1%.
Is HSBC Bank Malta's Forward Rate of Return (Yacktman) % too high?
HSBC Bank Malta's current Forward Rate of Return (Yacktman) % of 85.15% is 263% above median its 10-year median of 23.47. The Banks industry median Forward Rate of Return (Yacktman) % is 15.45. HSBC Bank Malta's value of 85.15% is 451.3% above this industry median. Based on the distribution chart, HSBC Bank Malta ranks #72 out of 1414 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, HSBC Bank Malta has a GF Score™ of 50/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HSBC Bank Malta's Forward Rate of Return (Yacktman) % compare to USB and PNC?
According to the Banks industry distribution chart, HSBC Bank Malta ranks #72 out of 1414 companies for Forward Rate of Return (Yacktman) %. This places HSBC Bank Malta in the top 5% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 15.45. HSBC Bank Malta's value of 85.15% is 451.3% above this benchmark. While the company's 10-year median is 23.47 vs. the industry median of 15.45, HSBC Bank Malta 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 Banks company?
The median Forward Rate of Return (Yacktman) % among Banks companies is 15.45, based on 1,414 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. HSBC Bank Malta's current Forward Rate of Return (Yacktman) % of 85.15% is 451.3% 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 HSBC Bank Malta and its competitors. For the Banks industry, the median Forward Rate of Return (Yacktman) % is 15.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HSBC Bank Malta's current Forward Rate of Return (Yacktman) % is 85.15%, which is 263% above median its own 10-year median of 23.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HSBC Bank Malta stock overvalued right now?
Based on GuruFocus' analysis, HSBC Bank Malta (MAL:HSB) is currently considered Modestly Overvalued. The stock's GF Value™ is €1.30, compared to a current price of €1.50 — trading 15.4% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 85.15%, which is 263% above median its 10-year median of 23.47 and 451.3% above the Banks industry median of 15.45. HSBC Bank Malta's overall GF Score™ is 50/100 with 6 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 HSBC Bank Malta (MAL:HSB), the current Forward Rate of Return (Yacktman) % is 85.15% 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 HSBC Bank Malta (MAL:HSB) Overvalued in 2026?
Based on GuruFocus' analysis, HSBC Bank Malta stock appears to be overvalued.
The current stock price of €1.50 is trading 15.4% above its estimated GF Value™ of €1.30.
GuruFocus considers HSBC Bank Malta to be Modestly Overvalued.
Key valuation signals for MAL:HSB:
Forward Rate of Return (Yacktman) %: 85.15% (263% above median its 10-year median of 23.47)
GF Value™: €1.30 vs. price of €1.50 (15.4% above fair value)
Industry Position: 451.3% above the Banks median (#72 of 1414)
No single metric tells the full story. See the MAL:HSB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HSBC Bank Malta PLC is a member of the HSBC Group. The Bank provides a comprehensive range of financial services designed to meet the expanding requirements of its large client base of personal and corporate customers. The company's operating segments include Wealth and Personal Banking, Commercial Banking, and Global Markets. It derives maximum revenue from the Wealth and Personal Banking segment, which caters to individual customers, offering personal banking products (current and savings accounts, mortgages and personal loans, credit cards, debit cards, etc.) and wealth management services (insurance and investment products, asset management services, and financial planning services).
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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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