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Primary Health PropertiesPHPRF 56 Forward Rate of Return (Yacktman) % is 7.39% as of Dec. 2025, which is 42% below its 10-year median of 12.69. GuruFocus rates PHPRF with a GF Score™ of 56/100 and a GF Value™ of $2.68 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 636 REITs companies, Primary Health Properties ranks worse than 50.79% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Primary Health Properties's forward rate of return for was 7.39%.
The historical rank and industry rank for Primary Health Properties's Forward Rate of Return (Yacktman) % or its related term are showing as below:
PHPRF'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 6.5 Med: 12.69 Max: 18.58
Current: 7.66
During the past 13 years, Primary Health Properties's highest Forward Rate of Return was 18.58. The lowest was 6.50. And the median was 12.69.
PHPRF's Forward Rate of Return (Yacktman) % is ranked worse than 50.79% of 636
companies
in the REITs industry
Industry Median: 7.93
vs PHPRF: 7.66
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.
Primary Health Properties (OTCPK:PHPRF) 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 Book Value 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.
Primary Health Properties Forward Rate of Return (Yacktman) % Related Terms
Primary Health Properties Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Primary Health Properties'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.
Primary Health Properties Forward Rate of Return (Yacktman) % Chart
PHPRF vs WELL, VTR, OHI: Forward Rate of Return (Yacktman) % Comparison
For the REIT - Healthcare Facilities subindustry, Primary Health Properties'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.
Primary Health Properties Forward Rate of Return (Yacktman) % vs REITs Industry
For the REITs industry and Real Estate sector, Primary Health Properties's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Primary Health Properties's Forward Rate of Return (Yacktman) % falls into.
Primary Health Properties 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 7.39% mean?
Primary Health Properties (PHPRF) has a Forward Rate of Return (Yacktman) % of 7.39% 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 Primary Health Properties and its competitors. This is 42% below median its historical median of 12.69. Over the past decade, Primary Health Properties' Forward Rate of Return (Yacktman) % has ranged from 6.50 to 18.58. According to the industry distribution chart, Primary Health Properties ranks #323 out of 636 companies in the REITs industry, placing it in the top 50.8%.
Is Primary Health Properties' Forward Rate of Return (Yacktman) % too high?
Primary Health Properties' current Forward Rate of Return (Yacktman) % of 7.39% is 42% below median its 10-year median of 12.69. Over the past 10 years, this metric has ranged from a low of 6.50 to a high of 18.58. The REITs industry median Forward Rate of Return (Yacktman) % is 7.93. Primary Health Properties' value of 7.39% is 6.8% below this industry median. Based on the distribution chart, Primary Health Properties ranks #323 out of 636 companies in the REITs industry, which is below the industry midpoint. Overall, Primary Health Properties has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Primary Health Properties' Forward Rate of Return (Yacktman) % compare to WELL and VTR?
According to the REITs industry distribution chart, Primary Health Properties ranks #323 out of 636 companies for Forward Rate of Return (Yacktman) %. This places Primary Health Properties in the lower half of its industry. The industry median Forward Rate of Return (Yacktman) % is 7.93. Primary Health Properties' value of 7.39% is 6.8% below this benchmark. Historically, Primary Health Properties' own Forward Rate of Return (Yacktman) % has ranged from 6.50 to 18.58 over the past decade. While the company's 10-year median is 12.69 vs. the industry median of 7.93, Primary Health Properties 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 REITs company?
The median Forward Rate of Return (Yacktman) % among REITs companies is 7.93, based on 636 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. Primary Health Properties's current Forward Rate of Return (Yacktman) % of 7.39% is 6.8% 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 Primary Health Properties and its competitors. For the REITs industry, the median Forward Rate of Return (Yacktman) % is 7.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Primary Health Properties's current Forward Rate of Return (Yacktman) % is 7.39%, which is 42% below median its own 10-year median of 12.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Primary Health Properties stock overvalued right now?
Based on GuruFocus' analysis, Primary Health Properties (PHPRF) is currently considered Possible Value Trap. The stock's GF Value™ is $2.68, compared to a current price of $1.27 — trading 52.6% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 7.39%, which is 42% below median its 10-year median of 12.69 and 6.8% below the REITs industry median of 7.93. Primary Health Properties' overall GF Score™ is 56/100 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 Primary Health Properties (PHPRF), the current Forward Rate of Return (Yacktman) % is 7.39% 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 Primary Health Properties (PHPRF) Overvalued in 2026?
Based on GuruFocus' analysis, Primary Health Properties stock appears to be undervalued.
The current stock price of $1.27 is trading 52.6% below its estimated GF Value™ of $2.68.
GuruFocus considers Primary Health Properties to be Possible Value Trap.
Key valuation signals for PHPRF:
Forward Rate of Return (Yacktman) %: 7.39% (42% below median its 10-year median of 12.69)
GF Value™: $2.68 vs. price of $1.27 (52.6% below fair value)
Industry Position: 6.8% below the REITs median (#323 of 636)
No single metric tells the full story. See the PHPRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Primary Health Properties PLC is a UK-based real estate investment trust. The company is engaged in making investments in integrated healthcare properties. Its services include Acquisition and development, Property management, Landlord and tenant, Asset management, and Finance. It seeks the generation of rental income and capital growth through investment in primary healthcare property in the United Kingdom and Ireland. It receives rental income on property investments.
56GF Score
Get the complete analysis for PHPRF
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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