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Cityland DevelopmentPHS:CDC +5.17%49 Forward Rate of Return (Yacktman) % is 24.72% as of Mar. 2026, which is 48% above its 10-year median of 16.69. GuruFocus rates PHS:CDC with a GF Score™ of 49/100 and a GF Value™ of ₱0.74 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,308 Real Estate companies, Cityland Development ranks better than 80.96% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Cityland Development's forward rate of return for was 24.72%.
The historical rank and industry rank for Cityland Development's Forward Rate of Return (Yacktman) % or its related term are showing as below:
PHS:CDC'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 7.24 Med: 16.69 Max: 31.99
Current: 23.57
During the past 13 years, Cityland Development's highest Forward Rate of Return was 31.99. The lowest was 7.24. And the median was 16.69.
PHS:CDC's Forward Rate of Return (Yacktman) % is ranked better than 80.96% of 1308
companies
in the Real Estate industry
Industry Median: 6.81
vs PHS:CDC: 23.57
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.
Cityland Development (PHS:CDC) 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.
Cityland Development Forward Rate of Return (Yacktman) % Related Terms
Cityland Development Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Cityland Development'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.
Cityland Development Forward Rate of Return (Yacktman) % Chart
PHS:CDC vs CBRE, BEKE, JLL: Forward Rate of Return (Yacktman) % Comparison
For the Real Estate Services subindustry, Cityland Development'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.
Cityland Development Forward Rate of Return (Yacktman) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Cityland Development's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Cityland Development's Forward Rate of Return (Yacktman) % falls into.
Cityland Development 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 24.72% mean?
Cityland Development (PHS:CDC) has a Forward Rate of Return (Yacktman) % of 24.72% 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 Cityland Development and its competitors. This is 48% above median its historical median of 16.69. Over the past decade, Cityland Development's Forward Rate of Return (Yacktman) % has ranged from 7.24 to 31.99. According to the industry distribution chart, Cityland Development ranks #249 out of 1308 companies in the Real Estate industry, placing it in the top 19%.
Is Cityland Development's Forward Rate of Return (Yacktman) % too high?
Cityland Development's current Forward Rate of Return (Yacktman) % of 24.72% is 48% above median its 10-year median of 16.69. Over the past 10 years, this metric has ranged from a low of 7.24 to a high of 31.99. The Real Estate industry median Forward Rate of Return (Yacktman) % is 6.81. Cityland Development's value of 24.72% is 263% above this industry median. Based on the distribution chart, Cityland Development ranks #249 out of 1308 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Cityland Development has a GF Score™ of 49/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cityland Development's Forward Rate of Return (Yacktman) % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Cityland Development ranks #249 out of 1308 companies for Forward Rate of Return (Yacktman) %. This places Cityland Development in the top 19% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 6.81. Cityland Development's value of 24.72% is 263% above this benchmark. Historically, Cityland Development's own Forward Rate of Return (Yacktman) % has ranged from 7.24 to 31.99 over the past decade. While the company's 10-year median is 16.69 vs. the industry median of 6.81, Cityland Development 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 Real Estate company?
The median Forward Rate of Return (Yacktman) % among Real Estate companies is 6.81, based on 1,308 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. Cityland Development's current Forward Rate of Return (Yacktman) % of 24.72% is 263% 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 Cityland Development and its competitors. For the Real Estate industry, the median Forward Rate of Return (Yacktman) % is 6.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cityland Development's current Forward Rate of Return (Yacktman) % is 24.72%, which is 48% above median its own 10-year median of 16.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cityland Development stock overvalued right now?
Based on GuruFocus' analysis, Cityland Development (PHS:CDC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱0.74, compared to a current price of ₱0.61 — trading 17.6% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 24.72%, which is 48% above median its 10-year median of 16.69 and 263% above the Real Estate industry median of 6.81. Cityland Development's overall GF Score™ is 49/100 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 Cityland Development (PHS:CDC), the current Forward Rate of Return (Yacktman) % is 24.72% 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 Cityland Development (PHS:CDC) Overvalued in 2026?
Based on GuruFocus' analysis, Cityland Development stock appears to be undervalued.
The current stock price of ₱0.61 is trading 17.6% below its estimated GF Value™ of ₱0.74.
GuruFocus considers Cityland Development to be Modestly Undervalued.
Key valuation signals for PHS:CDC:
Forward Rate of Return (Yacktman) %: 24.72% (48% above median its 10-year median of 16.69)
GF Value™: ₱0.74 vs. price of ₱0.61 (17.6% below fair value)
Industry Position: 263% above the Real Estate median (#249 of 1308)
No single metric tells the full story. See the PHS:CDC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cityland Development Corp operates as a real estate company that acquire, develop, improve, subdivide, cultivate, lease, sublease, sell, exchange, barter and/or dispose of agricultural, industrial, commercial, residential and other real properties, as well as to construct, improve, lease, sublease, sell and/or dispose of houses, buildings and other improvements thereon, and to manage and operate subdivisions and housing projects or otherwise engage in the financing and trading of real estate. Its operations are carried through the following segments: Sale of Real Estate Properties, Lease of Real Estate Properties, and Pension Plan Operations. The Company derives its revenues from the sale and lease of real estate properties and its investments in trust funds.
49GF Score
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