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Bank of the Philippine IslandsPHS:BPI +0.98%78 Forward Rate of Return (Yacktman) % is 12.57% as of Mar. 2026, which is 5% below its 10-year median of 13.27. GuruFocus rates PHS:BPI with a GF Score™ of 78/100 and a GF Value™ of ₱158.33 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,416 Banks companies, Bank of the Philippine Islands ranks worse than 62.78% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Bank of the Philippine Islands's forward rate of return for was 12.57%.
The historical rank and industry rank for Bank of the Philippine Islands's Forward Rate of Return (Yacktman) % or its related term are showing as below:
PHS:BPI'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 8.67 Med: 13.27 Max: 30.28
Current: 12.51
During the past 13 years, Bank of the Philippine Islands's highest Forward Rate of Return was 30.28. The lowest was 8.67. And the median was 13.27.
PHS:BPI's Forward Rate of Return (Yacktman) % is ranked worse than 62.78% of 1416
companies
in the Banks industry
Industry Median: 15.495
vs PHS:BPI: 12.51
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.
Bank of the Philippine Islands (PHS:BPI) 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.
Bank of the Philippine Islands Forward Rate of Return (Yacktman) % Related Terms
Bank of the Philippine Islands Forward Rate of Return (Yacktman) % Historical Data
* 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.
Bank of the Philippine Islands Forward Rate of Return (Yacktman) % Chart
Bank of the Philippine Islands Forward Rate of Return (Yacktman) % Competitor Comparison
For the Banks - Regional subindustry, Bank of the Philippine Islands'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.
Bank of the Philippine Islands Forward Rate of Return (Yacktman) % vs Banks Industry
For the Banks industry and Financial Services sector, Bank of the Philippine Islands's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Bank of the Philippine Islands's Forward Rate of Return (Yacktman) % falls into.
Bank of the Philippine Islands 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 12.57% mean?
Bank of the Philippine Islands (PHS:BPI) has a Forward Rate of Return (Yacktman) % of 12.57% 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 Bank of the Philippine Islands and its competitors. This is near median its historical median of 13.27. Over the past decade, Bank of the Philippine Islands' Forward Rate of Return (Yacktman) % has ranged from 8.67 to 30.28. According to the industry distribution chart, Bank of the Philippine Islands ranks #889 out of 1416 companies in the Banks industry, placing it in the top 62.8%.
Is Bank of the Philippine Islands' Forward Rate of Return (Yacktman) % too high?
Bank of the Philippine Islands' current Forward Rate of Return (Yacktman) % of 12.57% is near median its 10-year median of 13.27. Over the past 10 years, this metric has ranged from a low of 8.67 to a high of 30.28. The Banks industry median Forward Rate of Return (Yacktman) % is 15.50. Bank of the Philippine Islands' value of 12.57% is 18.9% below this industry median. Based on the distribution chart, Bank of the Philippine Islands ranks #889 out of 1416 companies in the Banks industry, which is below the industry midpoint. Overall, Bank of the Philippine Islands has a GF Score™ of 78/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bank of the Philippine Islands' Forward Rate of Return (Yacktman) % compare to competitors?
According to the Banks industry distribution chart, Bank of the Philippine Islands ranks #889 out of 1416 companies for Forward Rate of Return (Yacktman) %. This places Bank of the Philippine Islands in the lower half of its industry. The industry median Forward Rate of Return (Yacktman) % is 15.50. Bank of the Philippine Islands' value of 12.57% is 18.9% below this benchmark. Historically, Bank of the Philippine Islands' own Forward Rate of Return (Yacktman) % has ranged from 8.67 to 30.28 over the past decade. While the company's 10-year median is 13.27 vs. the industry median of 15.50, Bank of the Philippine Islands 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 Banks company?
The median Forward Rate of Return (Yacktman) % among Banks companies is 15.50, based on 1,416 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. Bank of the Philippine Islands's current Forward Rate of Return (Yacktman) % of 12.57% is 18.9% 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 Bank of the Philippine Islands and its competitors. For the Banks industry, the median Forward Rate of Return (Yacktman) % is 15.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bank of the Philippine Islands's current Forward Rate of Return (Yacktman) % is 12.57%, which is near median its own 10-year median of 13.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank of the Philippine Islands stock overvalued right now?
Based on GuruFocus' analysis, Bank of the Philippine Islands (PHS:BPI) is currently considered Possible Value Trap. The stock's GF Value™ is ₱158.33, compared to a current price of ₱103.00 — trading 34.9% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 12.57%, which is near median its 10-year median of 13.27 and 18.9% below the Banks industry median of 15.50. Bank of the Philippine Islands' overall GF Score™ is 78/100 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 Bank of the Philippine Islands (PHS:BPI), the current Forward Rate of Return (Yacktman) % is 12.57% 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.
Is Bank of the Philippine Islands (PHS:BPI) Overvalued in 2026?
Based on GuruFocus' analysis, Bank of the Philippine Islands stock appears to be undervalued.
The current stock price of ₱103.00 is trading 34.9% below its estimated GF Value™ of ₱158.33.
GuruFocus considers Bank of the Philippine Islands to be Possible Value Trap.
Key valuation signals for PHS:BPI:
Forward Rate of Return (Yacktman) %: 12.57% (near median its 10-year median of 13.27)
GF Value™: ₱158.33 vs. price of ₱103.00 (34.9% below fair value)
Industry Position: 18.9% below the Banks median (#889 of 1416)
No single metric tells the full story. See the PHS:BPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bank of the Philippine Islands Business Description
Bank of the Philippine Islands is a universal bank offering a range of financial products and solutions for both retail and corporate customers. The services of the company include consumer banking and lending, asset management, insurance, securities brokerage and distribution, foreign exchange, leasing, and corporate and investment banking. It has three business segments: Consumer banking, Corporate banking, and Investment banking. It derives maximum revenue from the Consumer Banking Segment.
78GF Score
Get the complete analysis for PHS:BPI
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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