Swiss Life Holding AGSWSDF 70 Forward Rate of Return (Yacktman) % is 6.80% as of Dec. 2025, which is 39% below its 10-year median of 11.22. GuruFocus rates SWSDF with a GF Score™ of 70/100 and a GF Value™ of $976.73 (Fairly Valued). The stock has 9 warning signs investors should review. Among 282 Insurance companies, Swiss Life Holding AG ranks worse than 73.4% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Swiss Life Holding AG's forward rate of return for was 6.80%.
The historical rank and industry rank for Swiss Life Holding AG's Forward Rate of Return (Yacktman) % or its related term are showing as below:
SWSDF'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -3.47 Med: 11.22 Max: 17.32
Current: 6.76
During the past 13 years, Swiss Life Holding AG's highest Forward Rate of Return was 17.32. The lowest was -3.47. And the median was 11.22.
SWSDF's Forward Rate of Return (Yacktman) % is ranked worse than 73.4% of 282
companies
in the Insurance industry
Industry Median: 17.06
vs SWSDF: 6.76
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.
Swiss Life Holding AG (OTCPK:SWSDF) 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.
Swiss Life Holding AG Forward Rate of Return (Yacktman) % Related Terms
Swiss Life Holding AG Forward Rate of Return (Yacktman) % Historical Data
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The historical data trend for Swiss Life Holding AG'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.
Swiss Life Holding AG Forward Rate of Return (Yacktman) % Chart
SWSDF vs BRK.A, AIG, HIG: Forward Rate of Return (Yacktman) % Comparison
For the Insurance - Diversified subindustry, Swiss Life Holding AG'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.
Swiss Life Holding AG Forward Rate of Return (Yacktman) % vs Insurance Industry
For the Insurance industry and Financial Services sector, Swiss Life Holding AG's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Swiss Life Holding AG's Forward Rate of Return (Yacktman) % falls into.
Swiss Life Holding AG 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 6.80% mean?
Swiss Life Holding AG (SWSDF) has a Forward Rate of Return (Yacktman) % of 6.80% 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 Swiss Life Holding AG and its competitors. This is 39% below median its historical median of 11.22. According to the industry distribution chart, Swiss Life Holding AG ranks #207 out of 282 companies in the Insurance industry, placing it in the top 73.4%.
Is Swiss Life Holding AG's Forward Rate of Return (Yacktman) % too high?
Swiss Life Holding AG's current Forward Rate of Return (Yacktman) % of 6.80% is 39% below median its 10-year median of 11.22. The Insurance industry median Forward Rate of Return (Yacktman) % is 17.06. Swiss Life Holding AG's value of 6.80% is 60.1% below this industry median. Based on the distribution chart, Swiss Life Holding AG ranks #207 out of 282 companies in the Insurance industry, which is below the industry midpoint. Overall, Swiss Life Holding AG has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Swiss Life Holding AG's Forward Rate of Return (Yacktman) % compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Swiss Life Holding AG ranks #207 out of 282 companies for Forward Rate of Return (Yacktman) %. This places Swiss Life Holding AG in the lower half of its industry. The industry median Forward Rate of Return (Yacktman) % is 17.06. Swiss Life Holding AG's value of 6.80% is 60.1% below this benchmark. While the company's 10-year median is 11.22 vs. the industry median of 17.06, Swiss Life Holding AG 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 an Insurance company?
The median Forward Rate of Return (Yacktman) % among Insurance companies is 17.06, based on 282 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. Swiss Life Holding AG's current Forward Rate of Return (Yacktman) % of 6.80% is 60.1% 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 Swiss Life Holding AG and its competitors. For the Insurance industry, the median Forward Rate of Return (Yacktman) % is 17.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Swiss Life Holding AG's current Forward Rate of Return (Yacktman) % is 6.80%, which is 39% below median its own 10-year median of 11.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Swiss Life Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Swiss Life Holding AG (SWSDF) is currently considered Fairly Valued. The stock's GF Value™ is $976.73, compared to a current price of $1,130.01 — trading 15.7% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 6.80%, which is 39% below median its 10-year median of 11.22 and 60.1% below the Insurance industry median of 17.06. Swiss Life Holding AG's overall GF Score™ is 70/100 with 9 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 Swiss Life Holding AG (SWSDF), the current Forward Rate of Return (Yacktman) % is 6.80% 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 Swiss Life Holding AG (SWSDF) Overvalued in 2026?
Based on GuruFocus' analysis, Swiss Life Holding AG stock appears to be overvalued.
The current stock price of $1,130.01 is trading 15.7% above its estimated GF Value™ of $976.73.
GuruFocus considers Swiss Life Holding AG to be Fairly Valued.
Key valuation signals for SWSDF:
Forward Rate of Return (Yacktman) %: 6.80% (39% below median its 10-year median of 11.22)
GF Value™: $976.73 vs. price of $1,130.01 (15.7% above fair value)
Industry Position: 60.1% below the Insurance median (#207 of 282)
No single metric tells the full story. See the SWSDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Swiss Life is predominantly a life and long-term savings company that generates the main share of its revenue and earnings from its domestic market of Switzerland. The company also operates in France, Germany, and a few smaller but wealthy European countries. The company has an asset manager as well. Swiss Life has three main sources of income that vary in significance by geography. Savings income relates to spread-based earnings, the risk result relates to a margin on insurance products, and the fee result relates to fees from asset management, financial advice, and unit-linked sales. The fee result has been growing in importance over time.
70GF Score
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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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