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.
Italpinas DevelopmentPHS:IDC -2.82%69 Forward Rate of Return (Yacktman) % is 4.76% as of Mar. 2026, which is 18% above its 10-year median of 4.05. GuruFocus rates PHS:IDC with a GF Score™ of 69/100 and a GF Value™ of ₱1.39 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,305 Real Estate companies, Italpinas Development ranks worse than 58.08% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Italpinas Development's forward rate of return for was 4.76%.
The historical rank and industry rank for Italpinas Development's Forward Rate of Return (Yacktman) % or its related term are showing as below:
PHS:IDC'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -40.75 Med: 4.05 Max: 12.69
Current: 2.59
During the past 13 years, Italpinas Development's highest Forward Rate of Return was 12.69. The lowest was -40.75. And the median was 4.05.
PHS:IDC's Forward Rate of Return (Yacktman) % is ranked worse than 58.08% of 1305
companies
in the Real Estate industry
Industry Median: 6.74
vs PHS:IDC: 2.59
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.
Italpinas Development (PHS:IDC) 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.
Italpinas Development Forward Rate of Return (Yacktman) % Related Terms
Italpinas Development Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Italpinas 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.
Italpinas Development Forward Rate of Return (Yacktman) % Chart
PHS:IDC vs CBRE, BEKE, JLL: Forward Rate of Return (Yacktman) % Comparison
For the Real Estate Services subindustry, Italpinas 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.
Italpinas Development Forward Rate of Return (Yacktman) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Italpinas Development's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Italpinas Development's Forward Rate of Return (Yacktman) % falls into.
Italpinas 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 4.76% mean?
Italpinas Development (PHS:IDC) has a Forward Rate of Return (Yacktman) % of 4.76% 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 Italpinas Development and its competitors. This is 18% above median its historical median of 4.05. According to the industry distribution chart, Italpinas Development ranks #758 out of 1305 companies in the Real Estate industry, placing it in the top 58.1%.
Is Italpinas Development's Forward Rate of Return (Yacktman) % too high?
Italpinas Development's current Forward Rate of Return (Yacktman) % of 4.76% is 18% above median its 10-year median of 4.05. The Real Estate industry median Forward Rate of Return (Yacktman) % is 6.74. Italpinas Development's value of 4.76% is 29.4% below this industry median. Based on the distribution chart, Italpinas Development ranks #758 out of 1305 companies in the Real Estate industry, which is below the industry midpoint. Overall, Italpinas Development has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Italpinas Development's Forward Rate of Return (Yacktman) % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Italpinas Development ranks #758 out of 1305 companies for Forward Rate of Return (Yacktman) %. This places Italpinas Development in the lower half of its industry. The industry median Forward Rate of Return (Yacktman) % is 6.74. Italpinas Development's value of 4.76% is 29.4% below this benchmark. While the company's 10-year median is 4.05 vs. the industry median of 6.74, Italpinas Development 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 Real Estate company?
The median Forward Rate of Return (Yacktman) % among Real Estate companies is 6.74, based on 1,305 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. Italpinas Development's current Forward Rate of Return (Yacktman) % of 4.76% is 29.4% 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 Italpinas Development and its competitors. For the Real Estate industry, the median Forward Rate of Return (Yacktman) % is 6.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Italpinas Development's current Forward Rate of Return (Yacktman) % is 4.76%, which is 18% above median its own 10-year median of 4.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Italpinas Development stock overvalued right now?
Based on GuruFocus' analysis, Italpinas Development (PHS:IDC) is currently considered Possible Value Trap. The stock's GF Value™ is ₱1.39, compared to a current price of ₱0.69 — trading 50.4% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 4.76%, which is 18% above median its 10-year median of 4.05 and 29.4% below the Real Estate industry median of 6.74. Italpinas Development's overall GF Score™ is 69/100 with 8 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 Italpinas Development (PHS:IDC), the current Forward Rate of Return (Yacktman) % is 4.76% 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 Italpinas Development (PHS:IDC) Overvalued in 2026?
Based on GuruFocus' analysis, Italpinas Development stock appears to be undervalued.
The current stock price of ₱0.69 is trading 50.4% below its estimated GF Value™ of ₱1.39.
GuruFocus considers Italpinas Development to be Possible Value Trap.
Key valuation signals for PHS:IDC:
Forward Rate of Return (Yacktman) %: 4.76% (18% above median its 10-year median of 4.05)
GF Value™: ₱1.39 vs. price of ₱0.69 (50.4% below fair value)
Industry Position: 29.4% below the Real Estate median (#758 of 1305)
No single metric tells the full story. See the PHS:IDC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Italpinas Development Corp engages in the real estate development business in the Philippines. Its projects include Primavera Residences Towers A and B; Primavera City; and Miramonti. Geographically, it derives revenue from a domestic operation. It generates revenue from the sales, and leasing of properties. The company is organized into one reportable segment which is the development and sale of real estate. It also has one geographical segment and derives all its revenues from domestic operations.
69GF Score
Get the complete analysis for PHS:IDC
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
PHS:IDC has been successfully added to your 
