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.
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.
Sesa SpAMIL:SES +0.63%94 Forward Rate of Return (Yacktman) % is 24.81% as of Apr. 2026, which is 4% above its 10-year median of 23.86. GuruFocus rates MIL:SES with a GF Score™ of 94/100 and a GF Value™ of €100.57 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,377 Software companies, Sesa SpA ranks better than 86.71% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Sesa SpA's forward rate of return for was 24.81%.
The historical rank and industry rank for Sesa SpA's Forward Rate of Return (Yacktman) % or its related term are showing as below:
MIL:SES'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 10.64 Med: 23.86 Max: 30.22
Current: 23.92
During the past 13 years, Sesa SpA's highest Forward Rate of Return was 30.22. The lowest was 10.64. And the median was 23.86.
MIL:SES's Forward Rate of Return (Yacktman) % is ranked better than 86.71% of 1377
companies
in the Software industry
Industry Median: 13.08
vs MIL:SES: 23.92
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.
Sesa SpA (MIL:SES) 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.
Sesa SpA Forward Rate of Return (Yacktman) % Related Terms
Sesa SpA Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Sesa SpA'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.
Sesa SpA Forward Rate of Return (Yacktman) % Chart
MIL:SES vs IBM, ACN, CTSH: Forward Rate of Return (Yacktman) % Comparison
For the Information Technology Services subindustry, Sesa SpA'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.
Sesa SpA Forward Rate of Return (Yacktman) % vs Software Industry
For the Software industry and Technology sector, Sesa SpA's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Sesa SpA's Forward Rate of Return (Yacktman) % falls into.
Sesa SpA 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 24.81% mean?
Sesa SpA (MIL:SES) has a Forward Rate of Return (Yacktman) % of 24.81% as of Apr. 2026. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Sesa SpA and its competitors. This is near median its historical median of 23.86. Over the past decade, Sesa SpA's Forward Rate of Return (Yacktman) % has ranged from 10.64 to 30.22. According to the industry distribution chart, Sesa SpA ranks #183 out of 1377 companies in the Software industry, placing it in the top 13.3%.
Is Sesa SpA's Forward Rate of Return (Yacktman) % too high?
Sesa SpA's current Forward Rate of Return (Yacktman) % of 24.81% is near median its 10-year median of 23.86. Over the past 10 years, this metric has ranged from a low of 10.64 to a high of 30.22. The Software industry median Forward Rate of Return (Yacktman) % is 13.08. Sesa SpA's value of 24.81% is 89.7% above this industry median. Based on the distribution chart, Sesa SpA ranks #183 out of 1377 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Sesa SpA has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sesa SpA's Forward Rate of Return (Yacktman) % compare to IBM and ACN?
According to the Software industry distribution chart, Sesa SpA ranks #183 out of 1377 companies for Forward Rate of Return (Yacktman) %. This places Sesa SpA in the top 13% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 13.08. Sesa SpA's value of 24.81% is 89.7% above this benchmark. Historically, Sesa SpA's own Forward Rate of Return (Yacktman) % has ranged from 10.64 to 30.22 over the past decade. While the company's 10-year median is 23.86 vs. the industry median of 13.08, Sesa SpA 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 Software company?
The median Forward Rate of Return (Yacktman) % among Software companies is 13.08, based on 1,377 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. Sesa SpA's current Forward Rate of Return (Yacktman) % of 24.81% is 89.7% 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 Sesa SpA and its competitors. For the Software industry, the median Forward Rate of Return (Yacktman) % is 13.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sesa SpA's current Forward Rate of Return (Yacktman) % is 24.81%, which is near median its own 10-year median of 23.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sesa SpA stock overvalued right now?
Based on GuruFocus' analysis, Sesa SpA (MIL:SES) is currently considered Fairly Valued. The stock's GF Value™ is €100.57, compared to a current price of €95.55 — trading 5% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 24.81%, which is near median its 10-year median of 23.86 and 89.7% above the Software industry median of 13.08. Sesa SpA's overall GF Score™ is 94/100 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 Sesa SpA (MIL:SES), the current Forward Rate of Return (Yacktman) % is 24.81% as of Apr. 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 Sesa SpA (MIL:SES) Overvalued in 2026?
Based on GuruFocus' analysis, Sesa SpA stock appears to be undervalued.
The current stock price of €95.55 is trading 5% below its estimated GF Value™ of €100.57.
GuruFocus considers Sesa SpA to be Fairly Valued.
Key valuation signals for MIL:SES:
Forward Rate of Return (Yacktman) %: 24.81% (near median its 10-year median of 23.86)
GF Value™: €100.57 vs. price of €95.55 (5% below fair value)
Industry Position: 89.7% above the Software median (#183 of 1377)
No single metric tells the full story. See the MIL:SES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sesa SpA and its subsidiaries are in the business of the distribution of value-added IT solutions and products. The firm functions through the Business Services Sector, Value Added Distribution, Corporate Sector, and the Software and System Integration segment. The activities of these segments include the distribution of software and hardware technologies, the supply of IT services and solutions, administrative and financial services, organization, planning, and control, management of information technologies, human resources, general, corporate, and legal affairs, activities related to logistics services and cloud computing.
94GF Score
Get the complete analysis for MIL:SES
Forward Rate of Return (Yacktman) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MIL:SES has been successfully added to your 
