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Major Drilling Group InternationalMJDLF +0.59%86 Forward Rate of Return (Yacktman) % is 4.00% as of Jul. 2026, which is 46% below its 10-year median of 7.47. GuruFocus rates MJDLF with a GF Score™ of 86/100 and a GF Value™ of $8.77 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 447 Metals & Mining companies, Major Drilling Group International ranks worse than 61.97% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Major Drilling Group International's forward rate of return for was 4.00%.
The historical rank and industry rank for Major Drilling Group International's Forward Rate of Return (Yacktman) % or its related term are showing as below:
MJDLF'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 3.35 Med: 7.47 Max: 7.93
Current: 3.48
During the past 13 years, Major Drilling Group International's highest Forward Rate of Return was 7.93. The lowest was 3.35. And the median was 7.47.
MJDLF's Forward Rate of Return (Yacktman) % is ranked worse than 61.97% of 447
companies
in the Metals & Mining industry
Industry Median: 9.5
vs MJDLF: 3.48
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.
Major Drilling Group International (OTCPK:MJDLF) 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.
Major Drilling Group International Forward Rate of Return (Yacktman) % Related Terms
Major Drilling Group International Forward Rate of Return (Yacktman) % Historical Data
* 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.
Major Drilling Group International Forward Rate of Return (Yacktman) % Chart
Major Drilling Group International Forward Rate of Return (Yacktman) % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Major Drilling Group International'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.
Major Drilling Group International Forward Rate of Return (Yacktman) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Major Drilling Group International's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Major Drilling Group International's Forward Rate of Return (Yacktman) % falls into.
Major Drilling Group International 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 4.00% mean?
Major Drilling Group International (MJDLF) has a Forward Rate of Return (Yacktman) % of 4.00% as of Jul. 2026. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Major Drilling Group International and its competitors. This is 46% below median its historical median of 7.47. Over the past decade, Major Drilling Group International's Forward Rate of Return (Yacktman) % has ranged from 3.35 to 7.93. According to the industry distribution chart, Major Drilling Group International ranks #277 out of 447 companies in the Metals & Mining industry, placing it in the top 62%.
Is Major Drilling Group International's Forward Rate of Return (Yacktman) % too high?
Major Drilling Group International's current Forward Rate of Return (Yacktman) % of 4.00% is 46% below median its 10-year median of 7.47. Over the past 10 years, this metric has ranged from a low of 3.35 to a high of 7.93. The Metals & Mining industry median Forward Rate of Return (Yacktman) % is 9.50. Major Drilling Group International's value of 4.00% is 57.9% below this industry median. Based on the distribution chart, Major Drilling Group International ranks #277 out of 447 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Major Drilling Group International has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Major Drilling Group International's Forward Rate of Return (Yacktman) % compare to competitors?
According to the Metals & Mining industry distribution chart, Major Drilling Group International ranks #277 out of 447 companies for Forward Rate of Return (Yacktman) %. This places Major Drilling Group International in the lower half of its industry. The industry median Forward Rate of Return (Yacktman) % is 9.50. Major Drilling Group International's value of 4.00% is 57.9% below this benchmark. Historically, Major Drilling Group International's own Forward Rate of Return (Yacktman) % has ranged from 3.35 to 7.93 over the past decade. While the company's 10-year median is 7.47 vs. the industry median of 9.50, Major Drilling Group International has consistently been below 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 Metals & Mining company?
The median Forward Rate of Return (Yacktman) % among Metals & Mining companies is 9.50, based on 447 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. Major Drilling Group International's current Forward Rate of Return (Yacktman) % of 4.00% is 57.9% below 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 Major Drilling Group International and its competitors. For the Metals & Mining industry, the median Forward Rate of Return (Yacktman) % is 9.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Major Drilling Group International's current Forward Rate of Return (Yacktman) % is 4.00%, which is 46% below median its own 10-year median of 7.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Major Drilling Group International stock overvalued right now?
Based on GuruFocus' analysis, Major Drilling Group International (MJDLF) is currently considered Significantly Overvalued. The stock's GF Value™ is $8.77, compared to a current price of $12.15 — trading 38.5% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 4.00%, which is 46% below median its 10-year median of 7.47 and 57.9% below the Metals & Mining industry median of 9.50. Major Drilling Group International's overall GF Score™ is 86/100 with 5 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 Major Drilling Group International (MJDLF), the current Forward Rate of Return (Yacktman) % is 4.00% as of Jul. 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 Major Drilling Group International (MJDLF) Overvalued in 2026?
Based on GuruFocus' analysis, Major Drilling Group International stock appears to be overvalued.
The current stock price of $12.15 is trading 38.5% above its estimated GF Value™ of $8.77.
GuruFocus considers Major Drilling Group International to be Significantly Overvalued.
Key valuation signals for MJDLF:
Forward Rate of Return (Yacktman) %: 4.00% (46% below median its 10-year median of 7.47)
GF Value™: $8.77 vs. price of $12.15 (38.5% above fair value)
Industry Position: 57.9% below the Metals & Mining median (#277 of 447)
No single metric tells the full story. See the MJDLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Major Drilling Group International Inc consists of contract drilling for companies mainly involved in mining and mineral exploration. The Company has operations in North America, South America, Australia, Asia, and Africa. Its services are Surface Drilling Services, and Underground Drilling Services. Its geographical segments are Canada - the United States; South and Central America; and Australasia and Africa, of which majority of its revenue comes from South and Central America.
86GF 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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