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Salem Media GroupSALM 17 Forward Rate of Return (Yacktman) % is 0.00% as of Jun. 2026. GuruFocus rates SALM with a GF Score™ of 17/100 and a GF Value™ of $0.40 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 636 Media - Diversified companies, Salem Media Group ranks better than 94.97% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Salem Media Group's forward rate of return for was 0.00%.
The historical rank and industry rank for Salem Media Group's Forward Rate of Return (Yacktman) % or its related term are showing as below:
SALM'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 15.27 Med: 29.93 Max: 68.94
Current: 58.82
During the past 13 years, Salem Media Group's highest Forward Rate of Return was 68.94. The lowest was 15.27. And the median was 29.93.
SALM's Forward Rate of Return (Yacktman) % is ranked better than 94.97% of 636
companies
in the Media - Diversified industry
Industry Median: 5.75
vs SALM: 58.82
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.
Salem Media Group (OTCPK:SALM) 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.
Salem Media Group Forward Rate of Return (Yacktman) % Related Terms
Salem Media Group Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Salem Media Group'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.
Salem Media Group Forward Rate of Return (Yacktman) % Chart
SALM vs BBGI, UONE, SGA: Forward Rate of Return (Yacktman) % Comparison
For the Broadcasting subindustry, Salem Media Group'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.
Salem Media Group Forward Rate of Return (Yacktman) % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Salem Media Group's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Salem Media Group's Forward Rate of Return (Yacktman) % falls into.
Salem Media Group 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 0.00% mean?
Salem Media Group (SALM) has a Forward Rate of Return (Yacktman) % of 0.00% as of Jun. 2026. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Salem Media Group and its competitors. Over the past decade, Salem Media Group's Forward Rate of Return (Yacktman) % has ranged from 15.27 to 68.94. According to the industry distribution chart, Salem Media Group ranks #32 out of 636 companies in the Media - Diversified industry, placing it in the top 5%.
Is Salem Media Group's Forward Rate of Return (Yacktman) % too high?
Salem Media Group's current Forward Rate of Return (Yacktman) % is 0.00%. Over the past 10 years, this metric has ranged from a low of 15.27 to a high of 68.94. Based on the distribution chart, Salem Media Group ranks #32 out of 636 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Salem Media Group has a GF Score™ of 17/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Salem Media Group's Forward Rate of Return (Yacktman) % compare to BBGI and UONE?
According to the Media - Diversified industry distribution chart, Salem Media Group ranks #32 out of 636 companies for Forward Rate of Return (Yacktman) %. This places Salem Media Group in the top 5% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 5.75. Historically, Salem Media Group's own Forward Rate of Return (Yacktman) % has ranged from 15.27 to 68.94 over the past decade. 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 Media - Diversified company?
The median Forward Rate of Return (Yacktman) % among Media - Diversified companies is 5.75, 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. 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 Salem Media Group and its competitors. For the Media - Diversified industry, the median Forward Rate of Return (Yacktman) % is 5.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Salem Media Group's current Forward Rate of Return (Yacktman) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Salem Media Group stock overvalued right now?
Based on GuruFocus' analysis, Salem Media Group (SALM) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.40, compared to a current price of $1.00 — trading 150% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 0.00%. Salem Media Group's overall GF Score™ is 17/100 with 6 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 Salem Media Group (SALM), the current Forward Rate of Return (Yacktman) % is 0.00% as of Jun. 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 Salem Media Group (SALM) Overvalued in 2026?
Based on GuruFocus' analysis, Salem Media Group stock appears to be overvalued.
The current stock price of $1.00 is trading 150% above its estimated GF Value™ of $0.40.
GuruFocus considers Salem Media Group to be Significantly Overvalued.
Key valuation signals for SALM:
Forward Rate of Return (Yacktman) %: 0.00%
GF Value™: $0.40 vs. price of $1.00 (150% above fair value)
No single metric tells the full story. See the SALM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Salem Media Group Inc is a domestic multimedia company specializing in Christian and conservative content, with media properties comprising radio broadcasting, digital media, and publishing. Its content is intended for audiences interested in Christian and family themed programming and conservative news talk. The company derives revenue from the sale of block program time to national and local program producers; the sale of advertising time on its radio stations to national and local advertisers; the sale of banner advertisements on websites or mobile applications; digital newsletters; fees earned for the creation of custom digital media campaigns; syndication of programming on its national network; product sales and royalties for on-air host materials, podcasts, programs and others.
17GF Score
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