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.
Materialise NVMTLS +2.91%65 Forward Rate of Return (Yacktman) % is 8.57% as of Mar. 2026, which is 17% below its 10-year median of 10.37. GuruFocus rates MTLS with a GF Scoreâ„¢ of 65/100. The stock has 4 warning signs investors should review. Among 1,374 Software companies, Materialise NV ranks worse than 62.95% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Materialise NV's forward rate of return for was 8.57%.
The historical rank and industry rank for Materialise NV's Forward Rate of Return (Yacktman) % or its related term are showing as below:
MTLS'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 7.69 Med: 10.37 Max: 12.67
Current: 8.08
During the past 13 years, Materialise NV's highest Forward Rate of Return was 12.67. The lowest was 7.69. And the median was 10.37.
MTLS's Forward Rate of Return (Yacktman) % is ranked worse than 62.95% of 1374
companies
in the Software industry
Industry Median: 13.295
vs MTLS: 8.08
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.
Materialise NV (NAS:MTLS) 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.
Materialise NV Forward Rate of Return (Yacktman) % Related Terms
Materialise NV Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Materialise NV'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.
Materialise NV Forward Rate of Return (Yacktman) % Chart
MTLS vs QH, SHOP, UBER: Forward Rate of Return (Yacktman) % Comparison
For the Software - Application subindustry, Materialise NV'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.
Materialise NV Forward Rate of Return (Yacktman) % vs Software Industry
For the Software industry and Technology sector, Materialise NV's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Materialise NV's Forward Rate of Return (Yacktman) % falls into.
Materialise NV 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 8.57% mean?
Materialise NV (MTLS) has a Forward Rate of Return (Yacktman) % of 8.57% 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 Materialise NV and its competitors. This is 17% below median its historical median of 10.37. Over the past decade, Materialise NV's Forward Rate of Return (Yacktman) % has ranged from 7.69 to 12.67. According to the industry distribution chart, Materialise NV ranks #865 out of 1374 companies in the Software industry, placing it in the top 63%.
Is Materialise NV's Forward Rate of Return (Yacktman) % too high?
Materialise NV's current Forward Rate of Return (Yacktman) % of 8.57% is 17% below median its 10-year median of 10.37. Over the past 10 years, this metric has ranged from a low of 7.69 to a high of 12.67. The Software industry median Forward Rate of Return (Yacktman) % is 13.30. Materialise NV's value of 8.57% is 35.5% below this industry median. Based on the distribution chart, Materialise NV ranks #865 out of 1374 companies in the Software industry, which is below the industry midpoint. Overall, Materialise NV has a GF Scoreâ„¢ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Materialise NV's Forward Rate of Return (Yacktman) % compare to QH and SHOP?
According to the Software industry distribution chart, Materialise NV ranks #865 out of 1374 companies for Forward Rate of Return (Yacktman) %. This places Materialise NV in the lower half of its industry. The industry median Forward Rate of Return (Yacktman) % is 13.30. Materialise NV's value of 8.57% is 35.5% below this benchmark. Historically, Materialise NV's own Forward Rate of Return (Yacktman) % has ranged from 7.69 to 12.67 over the past decade. While the company's 10-year median is 10.37 vs. the industry median of 13.30, Materialise NV 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 Software company?
The median Forward Rate of Return (Yacktman) % among Software companies is 13.30, based on 1,374 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. Materialise NV's current Forward Rate of Return (Yacktman) % of 8.57% is 35.5% 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 Materialise NV and its competitors. For the Software industry, the median Forward Rate of Return (Yacktman) % is 13.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Materialise NV's current Forward Rate of Return (Yacktman) % is 8.57%, which is 17% below median its own 10-year median of 10.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Materialise NV stock overvalued right now?
Materialise NV (MTLS) has a current Forward Rate of Return (Yacktman) % of 8.57%. The current Forward Rate of Return (Yacktman) % is 8.57%, which is 17% below median its 10-year median of 10.37 and 35.5% below the Software industry median of 13.30. Materialise NV's overall GF Score™ is 65/100 with 4 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 Materialise NV (MTLS), the current Forward Rate of Return (Yacktman) % is 8.57% 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.
Materialise NV is a provider of 3D-printed medical devices and software and a pioneer in additive manufacturing software and services. The company operates through three principal segments: Materialise Software, Materialise Medical, and Materialise Manufacturing, with the Materialise Medical segment generating maximum revenue. The Materialise Medical segment develops and delivers medical software solutions, medical devices, and related products and services; the Materialise Software segment develops and delivers additive manufacturing software solutions and related services; and the Materialise Manufacturing segment delivers 3D-printed products and related services. The company generates maximum revenue from the United States of America.
65GF Score
Get the complete analysis for MTLS
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
MTLS has been successfully added to your 
