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.
Koei Tecmo Holdings CoTKHCF 74 Forward Rate of Return (Yacktman) % is 9.99% as of Mar. 2026, which is 25% below its 10-year median of 13.27. GuruFocus rates TKHCF with a GF Score™ of 74/100 and a GF Value™ of $14.19 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 254 Interactive Media companies, Koei Tecmo Holdings Co ranks worse than 56.69% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Koei Tecmo Holdings Co's forward rate of return for was 9.99%.
The historical rank and industry rank for Koei Tecmo Holdings Co's Forward Rate of Return (Yacktman) % or its related term are showing as below:
TKHCF'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 0.32 Med: 13.27 Max: 24.51
Current: 9.83
During the past 13 years, Koei Tecmo Holdings Co's highest Forward Rate of Return was 24.51. The lowest was 0.32. And the median was 13.27.
TKHCF's Forward Rate of Return (Yacktman) % is ranked worse than 56.69% of 254
companies
in the Interactive Media industry
Industry Median: 13.085
vs TKHCF: 9.83
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.
Koei Tecmo Holdings Co (OTCPK:TKHCF) 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.
Koei Tecmo Holdings Co Forward Rate of Return (Yacktman) % Related Terms
Koei Tecmo Holdings Co Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Koei Tecmo Holdings Co'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.
Koei Tecmo Holdings Co Forward Rate of Return (Yacktman) % Chart
TKHCF vs NTES, TTWO, RBLX: Forward Rate of Return (Yacktman) % Comparison
For the Electronic Gaming & Multimedia subindustry, Koei Tecmo Holdings Co'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.
Koei Tecmo Holdings Co Forward Rate of Return (Yacktman) % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Koei Tecmo Holdings Co's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Koei Tecmo Holdings Co's Forward Rate of Return (Yacktman) % falls into.
Koei Tecmo Holdings Co 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 9.99% mean?
Koei Tecmo Holdings Co (TKHCF) has a Forward Rate of Return (Yacktman) % of 9.99% 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 Koei Tecmo Holdings Co and its competitors. This is 25% below median its historical median of 13.27. Over the past decade, Koei Tecmo Holdings Co's Forward Rate of Return (Yacktman) % has ranged from 0.32 to 24.51. According to the industry distribution chart, Koei Tecmo Holdings Co ranks #144 out of 254 companies in the Interactive Media industry, placing it in the top 56.7%.
Is Koei Tecmo Holdings Co's Forward Rate of Return (Yacktman) % too high?
Koei Tecmo Holdings Co's current Forward Rate of Return (Yacktman) % of 9.99% is 25% below median its 10-year median of 13.27. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 24.51. The Interactive Media industry median Forward Rate of Return (Yacktman) % is 13.09. Koei Tecmo Holdings Co's value of 9.99% is 23.7% below this industry median. Based on the distribution chart, Koei Tecmo Holdings Co ranks #144 out of 254 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Koei Tecmo Holdings Co has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Koei Tecmo Holdings Co's Forward Rate of Return (Yacktman) % compare to NTES and TTWO?
According to the Interactive Media industry distribution chart, Koei Tecmo Holdings Co ranks #144 out of 254 companies for Forward Rate of Return (Yacktman) %. This places Koei Tecmo Holdings Co in the lower half of its industry. The industry median Forward Rate of Return (Yacktman) % is 13.09. Koei Tecmo Holdings Co's value of 9.99% is 23.7% below this benchmark. Historically, Koei Tecmo Holdings Co's own Forward Rate of Return (Yacktman) % has ranged from 0.32 to 24.51 over the past decade. While the company's 10-year median is 13.27 vs. the industry median of 13.09, Koei Tecmo Holdings Co 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 Interactive Media company?
The median Forward Rate of Return (Yacktman) % among Interactive Media companies is 13.09, based on 254 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. Koei Tecmo Holdings Co's current Forward Rate of Return (Yacktman) % of 9.99% is 23.7% 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 Koei Tecmo Holdings Co and its competitors. For the Interactive Media industry, the median Forward Rate of Return (Yacktman) % is 13.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Koei Tecmo Holdings Co's current Forward Rate of Return (Yacktman) % is 9.99%, which is 25% below median its own 10-year median of 13.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Koei Tecmo Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Koei Tecmo Holdings Co (TKHCF) is currently considered Significantly Undervalued. The stock's GF Value™ is $14.19, compared to a current price of $9.95 — trading 29.9% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 9.99%, which is 25% below median its 10-year median of 13.27 and 23.7% below the Interactive Media industry median of 13.09. Koei Tecmo Holdings Co's overall GF Score™ is 74/100 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 Koei Tecmo Holdings Co (TKHCF), the current Forward Rate of Return (Yacktman) % is 9.99% 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 Koei Tecmo Holdings Co (TKHCF) Overvalued in 2026?
Based on GuruFocus' analysis, Koei Tecmo Holdings Co stock appears to be undervalued.
The current stock price of $9.95 is trading 29.9% below its estimated GF Value™ of $14.19.
GuruFocus considers Koei Tecmo Holdings Co to be Significantly Undervalued.
Key valuation signals for TKHCF:
Forward Rate of Return (Yacktman) %: 9.99% (25% below median its 10-year median of 13.27)
GF Value™: $14.19 vs. price of $9.95 (29.9% below fair value)
Industry Position: 23.7% below the Interactive Media median (#144 of 254)
No single metric tells the full story. See the TKHCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Koei Tecmo Holdings is a Japanese video game, amusement, and anime company created in 2009 by the merger of Koei and Tecmo, best known for their Nobunaga's Ambition, Romance of the Three Kingdoms, Nioh, and Atelier game franchises. The company also creates games based on third-party franchises, such as Nintendo's The Legend of Zelda and Fire Emblem, and Kodansha's Attack on Titan.
74GF Score
Get the complete analysis for TKHCF
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
TKHCF has been successfully added to your 
