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.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Venus Pipes & Tubes's forward rate of return for was 20.00%.
The historical rank and industry rank for Venus Pipes & Tubes's Forward Rate of Return (Yacktman) % or its related term are showing as below:
NSE:VENUSPIPES'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 16.63 Med: 18.11 Max: 20
Current: 18.36
During the past 8 years, Venus Pipes & Tubes's highest Forward Rate of Return was 20.00. The lowest was 16.63. And the median was 18.11.
NSE:VENUSPIPES's Forward Rate of Return (Yacktman) % is ranked better than 78.83% of 496
companies
in the Steel industry
Industry Median: 1.945
vs NSE:VENUSPIPES: 18.36
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.
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.
Venus Pipes & Tubes Forward Rate of Return (Yacktman) % Related Terms
Venus Pipes & Tubes Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Venus Pipes & Tubes'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.
NSE:VENUSPIPES vs NUE, STLD, RS: Forward Rate of Return (Yacktman) % Comparison
For the Steel subindustry, Venus Pipes & Tubes'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.
Venus Pipes & Tubes Forward Rate of Return (Yacktman) % vs Steel Industry
For the Steel industry and Basic Materials sector, Venus Pipes & Tubes's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Venus Pipes & Tubes's Forward Rate of Return (Yacktman) % falls into.
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 20.00% mean?
Venus Pipes & Tubes (NSE:VENUSPIPES) has a Forward Rate of Return (Yacktman) % of 20.00% as of Jun. 2026. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Venus Pipes & Tubes and its competitors. This is 10% above median its historical median of 18.11. Over the past decade, Venus Pipes & Tubes' Forward Rate of Return (Yacktman) % has ranged from 16.63 to 20.00. According to the industry distribution chart, Venus Pipes & Tubes ranks #105 out of 496 companies in the Steel industry, placing it in the top 21.2%.
Is Venus Pipes & Tubes' Forward Rate of Return (Yacktman) % too high?
Venus Pipes & Tubes' current Forward Rate of Return (Yacktman) % of 20.00% is 10% above median its 10-year median of 18.11. Over the past 10 years, this metric has ranged from a low of 16.63 to a high of 20.00. The Steel industry median Forward Rate of Return (Yacktman) % is 1.95. Venus Pipes & Tubes' value of 20.00% is 928.3% above this industry median. Based on the distribution chart, Venus Pipes & Tubes ranks #105 out of 496 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Venus Pipes & Tubes has a GF Score™ of 93/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Venus Pipes & Tubes' Forward Rate of Return (Yacktman) % compare to NUE and STLD?
According to the Steel industry distribution chart, Venus Pipes & Tubes ranks #105 out of 496 companies for Forward Rate of Return (Yacktman) %. This places Venus Pipes & Tubes in the top 21% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 1.95. Venus Pipes & Tubes' value of 20.00% is 928.3% above this benchmark. Historically, Venus Pipes & Tubes' own Forward Rate of Return (Yacktman) % has ranged from 16.63 to 20.00 over the past decade. While the company's 10-year median is 18.11 vs. the industry median of 1.95, Venus Pipes & Tubes 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 Steel company?
The median Forward Rate of Return (Yacktman) % among Steel companies is 1.95, based on 496 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. Venus Pipes & Tubes's current Forward Rate of Return (Yacktman) % of 20.00% is 928.3% 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 Venus Pipes & Tubes and its competitors. For the Steel industry, the median Forward Rate of Return (Yacktman) % is 1.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Venus Pipes & Tubes's current Forward Rate of Return (Yacktman) % is 20.00%, which is 10% above median its own 10-year median of 18.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Venus Pipes & Tubes stock overvalued right now?
Based on GuruFocus' analysis, Venus Pipes & Tubes (NSE:VENUSPIPES) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹1,976.50, compared to a current price of ₹2,282.90 — trading 15.5% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 20.00%, which is 10% above median its 10-year median of 18.11 and 928.3% above the Steel industry median of 1.95. Venus Pipes & Tubes' overall GF Score™ is 93/100 with 6 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 Venus Pipes & Tubes (NSE:VENUSPIPES), the current Forward Rate of Return (Yacktman) % is 20.00% as of Jun. 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 Venus Pipes & Tubes (NSE:VENUSPIPES) Overvalued in 2026?
Based on GuruFocus' analysis, Venus Pipes & Tubes stock appears to be overvalued.
The current stock price of ₹2,282.90 is trading 15.5% above its estimated GF Value™ of ₹1,976.50.
GuruFocus considers Venus Pipes & Tubes to be Modestly Overvalued.
Key valuation signals for NSE:VENUSPIPES:
Forward Rate of Return (Yacktman) %: 20.00% (10% above median its 10-year median of 18.11)
GF Value™: ₹1,976.50 vs. price of ₹2,282.90 (15.5% above fair value)
Industry Position: 928.3% above the Steel median (#105 of 496)
No single metric tells the full story. See the NSE:VENUSPIPES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Venus Pipes & Tubes Ltd is a manufacturer and exporter of stainless steel pipes and tubes. It manufactures stainless steel tube products in two broad categories, namely seamless tubes/pipes and welded tubes/pipes, under which five categories of products are manufactured, namely, stainless steel high precision and heat exchanger tubes, stainless steel hydraulic and instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipes, and stainless steel lsaw pipes. The company distributes its products through direct supply, traders, stockists, and selected marketing representatives. Geographically, it derives a majority of its revenue from India and also engages in exporting its products to other countries.
93GF Score
Get the complete analysis for NSE:VENUSPIPES
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
NSE:VENUSPIPES has been successfully added to your 
