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Swissquote Group HoldingSWQGF -0.93%75 Forward Rate of Return (Yacktman) % is 34.66% as of Dec. 2025, which is 20% below its 10-year median of 43.35. GuruFocus rates SWQGF with a GF Score™ of 75/100 and a GF Value™ of $46.40. The stock has 1 warning sign investors should review. Among 518 Capital Markets companies, Swissquote Group Holding ranks better than 95.75% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Swissquote Group Holding's forward rate of return for was 34.66%.
The historical rank and industry rank for Swissquote Group Holding's Forward Rate of Return (Yacktman) % or its related term are showing as below:
SWQGF'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 23.34 Med: 43.35 Max: 83
Current: 37.55
During the past 13 years, Swissquote Group Holding's highest Forward Rate of Return was 83.00. The lowest was 23.34. And the median was 43.35.
SWQGF's Forward Rate of Return (Yacktman) % is ranked better than 95.75% of 518
companies
in the Capital Markets industry
Industry Median: 9.155
vs SWQGF: 37.55
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.
Swissquote Group Holding (OTCPK:SWQGF) 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.
Swissquote Group Holding Forward Rate of Return (Yacktman) % Related Terms
Swissquote Group Holding Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Swissquote Group Holding'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.
Swissquote Group Holding Forward Rate of Return (Yacktman) % Chart
SWQGF vs MS, GS, SCHW: Forward Rate of Return (Yacktman) % Comparison
For the Capital Markets subindustry, Swissquote Group Holding'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.
Swissquote Group Holding Forward Rate of Return (Yacktman) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Swissquote Group Holding's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Swissquote Group Holding's Forward Rate of Return (Yacktman) % falls into.
Swissquote Group Holding 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 34.66% mean?
Swissquote Group Holding (SWQGF) has a Forward Rate of Return (Yacktman) % of 34.66% 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 Swissquote Group Holding and its competitors. This is 20% below median its historical median of 43.35. Over the past decade, Swissquote Group Holding's Forward Rate of Return (Yacktman) % has ranged from 23.34 to 83.00. According to the industry distribution chart, Swissquote Group Holding ranks #22 out of 518 companies in the Capital Markets industry, placing it in the top 4.2%.
Is Swissquote Group Holding's Forward Rate of Return (Yacktman) % too high?
Swissquote Group Holding's current Forward Rate of Return (Yacktman) % of 34.66% is 20% below median its 10-year median of 43.35. Over the past 10 years, this metric has ranged from a low of 23.34 to a high of 83.00. The Capital Markets industry median Forward Rate of Return (Yacktman) % is 9.16. Swissquote Group Holding's value of 34.66% is 278.6% above this industry median. Based on the distribution chart, Swissquote Group Holding ranks #22 out of 518 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Swissquote Group Holding has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Swissquote Group Holding's Forward Rate of Return (Yacktman) % compare to MS and GS?
According to the Capital Markets industry distribution chart, Swissquote Group Holding ranks #22 out of 518 companies for Forward Rate of Return (Yacktman) %. This places Swissquote Group Holding in the top 4% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 9.16. Swissquote Group Holding's value of 34.66% is 278.6% above this benchmark. Historically, Swissquote Group Holding's own Forward Rate of Return (Yacktman) % has ranged from 23.34 to 83.00 over the past decade. While the company's 10-year median is 43.35 vs. the industry median of 9.16, Swissquote Group Holding 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 Capital Markets company?
The median Forward Rate of Return (Yacktman) % among Capital Markets companies is 9.16, based on 518 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. Swissquote Group Holding's current Forward Rate of Return (Yacktman) % of 34.66% is 278.6% 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 Swissquote Group Holding and its competitors. For the Capital Markets industry, the median Forward Rate of Return (Yacktman) % is 9.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Swissquote Group Holding's current Forward Rate of Return (Yacktman) % is 34.66%, which is 20% below median its own 10-year median of 43.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Swissquote Group Holding stock overvalued right now?
Swissquote Group Holding (SWQGF) has a current Forward Rate of Return (Yacktman) % of 34.66%. The stock's GF Value™ is $46.40, compared to a current price of $49.01 — trading 5.6% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 34.66%, which is 20% below median its 10-year median of 43.35 and 278.6% above the Capital Markets industry median of 9.16. Swissquote Group Holding's overall GF Score™ is 75/100 with 1 warning sign 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 Swissquote Group Holding (SWQGF), the current Forward Rate of Return (Yacktman) % is 34.66% 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 Swissquote Group Holding (SWQGF) Overvalued in 2026?
Based on GuruFocus' analysis, Swissquote Group Holding stock appears to be overvalued.
The current stock price of $49.01 is trading 5.6% above its estimated GF Value™ of $46.40.
Key valuation signals for SWQGF:
Forward Rate of Return (Yacktman) %: 34.66% (20% below median its 10-year median of 43.35)
GF Value™: $46.40 vs. price of $49.01 (5.6% above fair value)
Industry Position: 278.6% above the Capital Markets median (#22 of 518)
No single metric tells the full story. See the SWQGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Swissquote Group Holding SA and its subsidiaries provide a comprehensive suite of online financial services to various customers, ranging from retail investors, affluent investors, to professional and institutional customers. The Group operates in Switzerland through Swissquote Bank Ltd and Yuh Ltd, and globally under the Swissquote brand with offices located in Europe, the Middle East and Africa, and Asia Pacific. Its operating segments are: Securities trading, Leveraged forex, and Neobanking. Maximum revenue is generated from the Securities trading segment, which provides trading services (including custody services) by means of tools to trade, in real time, in different asset classes, and offers investment, decision-making, risk-monitoring, and margin-lending services to its clients.
75GF Score
Get the complete analysis for SWQGF
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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