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Montana Aerospace AGMTASF 41 Forward Rate of Return (Yacktman) % is 19.81% as of Mar. 2026, which is 0% above its 10-year median of 19.79. GuruFocus rates MTASF with a GF Score™ of 41/100 and a GF Value™ of $19.38 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 203 Aerospace & Defense companies, Montana Aerospace AG ranks better than 73.89% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Montana Aerospace AG's forward rate of return for was 19.81%.
The historical rank and industry rank for Montana Aerospace AG's Forward Rate of Return (Yacktman) % or its related term are showing as below:
MTASF'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -4.33 Med: 19.79 Max: 19.94
Current: 19.81
During the past 8 years, Montana Aerospace AG's highest Forward Rate of Return was 19.94. The lowest was -4.33. And the median was 19.79.
MTASF's Forward Rate of Return (Yacktman) % is ranked better than 73.89% of 203
companies
in the Aerospace & Defense industry
Industry Median: 9.63
vs MTASF: 19.81
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.
Montana Aerospace AG (OTCPK:MTASF) 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.
Montana Aerospace AG Forward Rate of Return (Yacktman) % Related Terms
Montana Aerospace AG Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Montana Aerospace 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.
Montana Aerospace AG Forward Rate of Return (Yacktman) % Chart
MTASF vs SPCX, GE, RTX: Forward Rate of Return (Yacktman) % Comparison
For the Aerospace & Defense subindustry, Montana Aerospace 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.
Montana Aerospace AG Forward Rate of Return (Yacktman) % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Montana Aerospace AG's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Montana Aerospace AG's Forward Rate of Return (Yacktman) % falls into.
Montana Aerospace 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 19.81% mean?
Montana Aerospace AG (MTASF) has a Forward Rate of Return (Yacktman) % of 19.81% as of Mar. 2026. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Montana Aerospace AG and its competitors. This is near median its historical median of 19.79. According to the industry distribution chart, Montana Aerospace AG ranks #53 out of 203 companies in the Aerospace & Defense industry, placing it in the top 26.1%.
Is Montana Aerospace AG's Forward Rate of Return (Yacktman) % too high?
Montana Aerospace AG's current Forward Rate of Return (Yacktman) % of 19.81% is near median its 10-year median of 19.79. The Aerospace & Defense industry median Forward Rate of Return (Yacktman) % is 9.63. Montana Aerospace AG's value of 19.81% is 105.7% above this industry median. Based on the distribution chart, Montana Aerospace AG ranks #53 out of 203 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Montana Aerospace AG has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Montana Aerospace AG's Forward Rate of Return (Yacktman) % compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Montana Aerospace AG ranks #53 out of 203 companies for Forward Rate of Return (Yacktman) %. This puts Montana Aerospace AG in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 9.63. Montana Aerospace AG's value of 19.81% is 105.7% above this benchmark. While the company's 10-year median is 19.79 vs. the industry median of 9.63, Montana Aerospace 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 an Aerospace & Defense company?
The median Forward Rate of Return (Yacktman) % among Aerospace & Defense companies is 9.63, based on 203 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. Montana Aerospace AG's current Forward Rate of Return (Yacktman) % of 19.81% is 105.7% 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 Montana Aerospace AG and its competitors. For the Aerospace & Defense industry, the median Forward Rate of Return (Yacktman) % is 9.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Montana Aerospace AG's current Forward Rate of Return (Yacktman) % is 19.81%, which is near median its own 10-year median of 19.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Montana Aerospace AG stock overvalued right now?
Based on GuruFocus' analysis, Montana Aerospace AG (MTASF) is currently considered Significantly Overvalued. The stock's GF Value™ is $19.38, compared to a current price of $31.75 — trading 63.8% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 19.81%, which is near median its 10-year median of 19.79 and 105.7% above the Aerospace & Defense industry median of 9.63. Montana Aerospace AG's overall GF Score™ is 41/100 with 3 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 Montana Aerospace AG (MTASF), the current Forward Rate of Return (Yacktman) % is 19.81% as of Mar. 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 Montana Aerospace AG (MTASF) Overvalued in 2026?
Based on GuruFocus' analysis, Montana Aerospace AG stock appears to be overvalued.
The current stock price of $31.75 is trading 63.8% above its estimated GF Value™ of $19.38.
GuruFocus considers Montana Aerospace AG to be Significantly Overvalued.
Key valuation signals for MTASF:
Forward Rate of Return (Yacktman) %: 19.81% (near median its 10-year median of 19.79)
GF Value™: $19.38 vs. price of $31.75 (63.8% above fair value)
Industry Position: 105.7% above the Aerospace & Defense median (#53 of 203)
No single metric tells the full story. See the MTASF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Montana Aerospace AG is a vertically integrated manufacturer and supplier of complex components, structures, and customized assemblies, as well as semi-finished products for specialized applications in a wide array of end markets. The company's reportable segments are Aerostructures and Alpine Metal Tech. Maximum revenue is generated from the Aerostructures segment, which develops and manufactures aircraft parts. Its product portfolio ranges from structural components for fuselage, wings, and landing gear to critical engine components subject to high thermal and mechanical loads, and functional components for the cabin interior. Geographically, the company generates maximum revenue from the USA, followed by Brazil, Germany, China, the United Kingdom, Belgium, and other countries.
41GF Score
Get the complete analysis for MTASF
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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