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Mayr-Melnhof Karton AGMNHFF -6.47%73 Forward Rate of Return (Yacktman) % is 22.43% as of Dec. 2025, which is 86% above its 10-year median of 12.04. GuruFocus rates MNHFF with a GF Score™ of 73/100 and a GF Value™ of $113.43. The stock has 5 warning signs investors should review. Among 320 Packaging & Containers companies, Mayr-Melnhof Karton AG ranks better than 92.19% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Mayr-Melnhof Karton AG's forward rate of return for was 22.43%.
The historical rank and industry rank for Mayr-Melnhof Karton AG's Forward Rate of Return (Yacktman) % or its related term are showing as below:
MNHFF'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 5.61 Med: 12.04 Max: 29.69
Current: 23.75
During the past 13 years, Mayr-Melnhof Karton AG's highest Forward Rate of Return was 29.69. The lowest was 5.61. And the median was 12.04.
MNHFF's Forward Rate of Return (Yacktman) % is ranked better than 92.19% of 320
companies
in the Packaging & Containers industry
Industry Median: 6.395
vs MNHFF: 23.75
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.
Mayr-Melnhof Karton AG (OTCPK:MNHFF) 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.
Mayr-Melnhof Karton AG Forward Rate of Return (Yacktman) % Related Terms
Mayr-Melnhof Karton AG Forward Rate of Return (Yacktman) % Historical Data
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The historical data trend for Mayr-Melnhof Karton AG'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.
Mayr-Melnhof Karton AG Forward Rate of Return (Yacktman) % Chart
MNHFF vs SW, PKG, IP: Forward Rate of Return (Yacktman) % Comparison
For the Packaging & Containers subindustry, Mayr-Melnhof Karton AG'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.
Mayr-Melnhof Karton AG Forward Rate of Return (Yacktman) % vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Mayr-Melnhof Karton AG's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Mayr-Melnhof Karton AG's Forward Rate of Return (Yacktman) % falls into.
Mayr-Melnhof Karton AG 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 22.43% mean?
Mayr-Melnhof Karton AG (MNHFF) has a Forward Rate of Return (Yacktman) % of 22.43% 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 Mayr-Melnhof Karton AG and its competitors. This is 86% above median its historical median of 12.04. Over the past decade, Mayr-Melnhof Karton AG's Forward Rate of Return (Yacktman) % has ranged from 5.61 to 29.69. According to the industry distribution chart, Mayr-Melnhof Karton AG ranks #25 out of 320 companies in the Packaging & Containers industry, placing it in the top 7.8%.
Is Mayr-Melnhof Karton AG's Forward Rate of Return (Yacktman) % too high?
Mayr-Melnhof Karton AG's current Forward Rate of Return (Yacktman) % of 22.43% is 86% above median its 10-year median of 12.04. Over the past 10 years, this metric has ranged from a low of 5.61 to a high of 29.69. The Packaging & Containers industry median Forward Rate of Return (Yacktman) % is 6.40. Mayr-Melnhof Karton AG's value of 22.43% is 250.7% above this industry median. Based on the distribution chart, Mayr-Melnhof Karton AG ranks #25 out of 320 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. Overall, Mayr-Melnhof Karton AG has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Mayr-Melnhof Karton AG's Forward Rate of Return (Yacktman) % compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Mayr-Melnhof Karton AG ranks #25 out of 320 companies for Forward Rate of Return (Yacktman) %. This places Mayr-Melnhof Karton AG in the top 8% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 6.40. Mayr-Melnhof Karton AG's value of 22.43% is 250.7% above this benchmark. Historically, Mayr-Melnhof Karton AG's own Forward Rate of Return (Yacktman) % has ranged from 5.61 to 29.69 over the past decade. While the company's 10-year median is 12.04 vs. the industry median of 6.40, Mayr-Melnhof Karton AG 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 Packaging & Containers company?
The median Forward Rate of Return (Yacktman) % among Packaging & Containers companies is 6.40, based on 320 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. Mayr-Melnhof Karton AG's current Forward Rate of Return (Yacktman) % of 22.43% is 250.7% 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 Mayr-Melnhof Karton AG and its competitors. For the Packaging & Containers industry, the median Forward Rate of Return (Yacktman) % is 6.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mayr-Melnhof Karton AG's current Forward Rate of Return (Yacktman) % is 22.43%, which is 86% above median its own 10-year median of 12.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mayr-Melnhof Karton AG stock overvalued right now?
Mayr-Melnhof Karton AG (MNHFF) has a current Forward Rate of Return (Yacktman) % of 22.43%. The stock's GF Value™ is $113.43, compared to a current price of $92.59 — trading 18.4% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 22.43%, which is 86% above median its 10-year median of 12.04 and 250.7% above the Packaging & Containers industry median of 6.40. Mayr-Melnhof Karton AG's overall GF Score™ is 73/100 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 Mayr-Melnhof Karton AG (MNHFF), the current Forward Rate of Return (Yacktman) % is 22.43% 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 Mayr-Melnhof Karton AG (MNHFF) Overvalued in 2026?
Based on GuruFocus' analysis, Mayr-Melnhof Karton AG stock appears to be undervalued.
The current stock price of $92.59 is trading 18.4% below its estimated GF Value™ of $113.43.
Key valuation signals for MNHFF:
Forward Rate of Return (Yacktman) %: 22.43% (86% above median its 10-year median of 12.04)
GF Value™: $113.43 vs. price of $92.59 (18.4% below fair value)
Industry Position: 250.7% above the Packaging & Containers median (#25 of 320)
No single metric tells the full story. See the MNHFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mayr-Melnhof Karton AG manufactures and sells a variety of folding cartons for consumer goods packaging. The firm organizes itself into two segments based on the product type. The MM packaging segment, which generates the majority of revenue, sells packaging for consumer goods, which include cigarettes, pharmaceuticals, detergents, personal care products, and luxury products. The MM Board & Paper segment manufactures and markets numerous grades of cartonboard, focusing on coated cartonboard produced predominantly from recycled fibers as well as virgin fiber-based cartonboard. The vast majority of revenue comes from Europe.
73GF 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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