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Pollard BanknotePBKOF 72 Forward Rate of Return (Yacktman) % is 12.80% as of Mar. 2026, which is 5% below its 10-year median of 13.47. GuruFocus rates PBKOF with a GF Score™ of 72/100 and a GF Value™ of $20.56 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 565 Travel & Leisure companies, Pollard Banknote ranks better than 52.74% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Pollard Banknote's forward rate of return for was 12.80%.
The historical rank and industry rank for Pollard Banknote's Forward Rate of Return (Yacktman) % or its related term are showing as below:
PBKOF'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 10.58 Med: 13.47 Max: 23.92
Current: 12.88
During the past 13 years, Pollard Banknote's highest Forward Rate of Return was 23.92. The lowest was 10.58. And the median was 13.47.
PBKOF's Forward Rate of Return (Yacktman) % is ranked better than 52.74% of 565
companies
in the Travel & Leisure industry
Industry Median: 10.4
vs PBKOF: 12.88
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.
Pollard Banknote (OTCPK:PBKOF) 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.
Pollard Banknote Forward Rate of Return (Yacktman) % Related Terms
Pollard Banknote Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Pollard Banknote'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.
Pollard Banknote Forward Rate of Return (Yacktman) % Chart
PBKOF vs FLUT, DKNG, SGHC: Forward Rate of Return (Yacktman) % Comparison
For the Gambling subindustry, Pollard Banknote'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.
Pollard Banknote Forward Rate of Return (Yacktman) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Pollard Banknote's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Pollard Banknote's Forward Rate of Return (Yacktman) % falls into.
Pollard Banknote 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 12.80% mean?
Pollard Banknote (PBKOF) has a Forward Rate of Return (Yacktman) % of 12.80% 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 Pollard Banknote and its competitors. This is near median its historical median of 13.47. Over the past decade, Pollard Banknote's Forward Rate of Return (Yacktman) % has ranged from 10.58 to 23.92. According to the industry distribution chart, Pollard Banknote ranks #267 out of 565 companies in the Travel & Leisure industry, placing it in the top 47.3%.
Is Pollard Banknote's Forward Rate of Return (Yacktman) % too high?
Pollard Banknote's current Forward Rate of Return (Yacktman) % of 12.80% is near median its 10-year median of 13.47. Over the past 10 years, this metric has ranged from a low of 10.58 to a high of 23.92. The Travel & Leisure industry median Forward Rate of Return (Yacktman) % is 10.40. Pollard Banknote's value of 12.80% is 23.1% above this industry median. Based on the distribution chart, Pollard Banknote ranks #267 out of 565 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Pollard Banknote has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pollard Banknote's Forward Rate of Return (Yacktman) % compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, Pollard Banknote ranks #267 out of 565 companies for Forward Rate of Return (Yacktman) %. This puts Pollard Banknote in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 10.40. Pollard Banknote's value of 12.80% is 23.1% above this benchmark. Historically, Pollard Banknote's own Forward Rate of Return (Yacktman) % has ranged from 10.58 to 23.92 over the past decade. While the company's 10-year median is 13.47 vs. the industry median of 10.40, Pollard Banknote 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 Travel & Leisure company?
The median Forward Rate of Return (Yacktman) % among Travel & Leisure companies is 10.40, based on 565 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. Pollard Banknote's current Forward Rate of Return (Yacktman) % of 12.80% is 23.1% 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 Pollard Banknote and its competitors. For the Travel & Leisure industry, the median Forward Rate of Return (Yacktman) % is 10.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pollard Banknote's current Forward Rate of Return (Yacktman) % is 12.80%, which is near median its own 10-year median of 13.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pollard Banknote stock overvalued right now?
Based on GuruFocus' analysis, Pollard Banknote (PBKOF) is currently considered Significantly Undervalued. The stock's GF Value™ is $20.56, compared to a current price of $12.44 — trading 39.5% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 12.80%, which is near median its 10-year median of 13.47 and 23.1% above the Travel & Leisure industry median of 10.40. Pollard Banknote's overall GF Score™ is 72/100 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 Pollard Banknote (PBKOF), the current Forward Rate of Return (Yacktman) % is 12.80% 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 Pollard Banknote (PBKOF) Overvalued in 2026?
Based on GuruFocus' analysis, Pollard Banknote stock appears to be undervalued.
The current stock price of $12.44 is trading 39.5% below its estimated GF Value™ of $20.56.
GuruFocus considers Pollard Banknote to be Significantly Undervalued.
Key valuation signals for PBKOF:
Forward Rate of Return (Yacktman) %: 12.80% (near median its 10-year median of 13.47)
GF Value™: $20.56 vs. price of $12.44 (39.5% below fair value)
Industry Position: 23.1% above the Travel & Leisure median (#267 of 565)
No single metric tells the full story. See the PBKOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pollard Banknote Ltd is principally engaged in the manufacturing, development, and sale of lottery and charitable gaming products throughout the world. Its operating segments are Lotteries, charitable gaming, Retail and eGaming systems. The company has one reportable segment, which comprises its four operating segments which includes Lotteries, Charitable gaming, eGaming systems, and Retail. The company has its geographic presence in Canada, United States and International. It generates majority of its revenue from United States.
72GF Score
Get the complete analysis for PBKOF
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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