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TBS HoldingsTKOBF 83 Forward Rate of Return (Yacktman) % is 11.81% as of Mar. 2026, which is 10% below its 10-year median of 13.07. GuruFocus rates TKOBF with a GF Score™ of 83/100 and a GF Value™ of $12.39. The stock has 7 warning signs investors should review. Among 629 Media - Diversified companies, TBS Holdings ranks better than 58.03% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. TBS Holdings's forward rate of return for was 11.81%.
The historical rank and industry rank for TBS Holdings's Forward Rate of Return (Yacktman) % or its related term are showing as below:
TKOBF'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 4.6 Med: 13.07 Max: 20.96
Current: 11.88
During the past 13 years, TBS Holdings's highest Forward Rate of Return was 20.96. The lowest was 4.60. And the median was 13.07.
TKOBF's Forward Rate of Return (Yacktman) % is ranked better than 58.03% of 629
companies
in the Media - Diversified industry
Industry Median: 7.11
vs TKOBF: 11.88
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.
TBS Holdings (OTCPK:TKOBF) 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.
TBS Holdings Forward Rate of Return (Yacktman) % Related Terms
TBS Holdings Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for TBS Holdings'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.
TBS Holdings Forward Rate of Return (Yacktman) % Chart
TKOBF vs NXST: Forward Rate of Return (Yacktman) % Comparison
For the Broadcasting subindustry, TBS Holdings'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.
TBS Holdings Forward Rate of Return (Yacktman) % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, TBS Holdings's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where TBS Holdings's Forward Rate of Return (Yacktman) % falls into.
TBS Holdings 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).
TBS Holdings's Forward Rate of Return of Mar. 2026 is
Forward Rate of Return
=
Normalized Free Cash Flow
/
Price
+
5-Year EBITDA Growth Rate
=
-0.38066667
/
16.09
+
0.0424
=
1.87 %
* 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 11.81% mean?
TBS Holdings (TKOBF) has a Forward Rate of Return (Yacktman) % of 11.81% 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 TBS Holdings and its competitors. This is 10% below median its historical median of 13.07. Over the past decade, TBS Holdings' Forward Rate of Return (Yacktman) % has ranged from 4.60 to 20.96. According to the industry distribution chart, TBS Holdings ranks #264 out of 629 companies in the Media - Diversified industry, placing it in the top 42%.
Is TBS Holdings' Forward Rate of Return (Yacktman) % too high?
TBS Holdings' current Forward Rate of Return (Yacktman) % of 11.81% is 10% below median its 10-year median of 13.07. Over the past 10 years, this metric has ranged from a low of 4.60 to a high of 20.96. The Media - Diversified industry median Forward Rate of Return (Yacktman) % is 7.11. TBS Holdings' value of 11.81% is 66.1% above this industry median. Based on the distribution chart, TBS Holdings ranks #264 out of 629 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, TBS Holdings has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does TBS Holdings' Forward Rate of Return (Yacktman) % compare to NXST?
According to the Media - Diversified industry distribution chart, TBS Holdings ranks #264 out of 629 companies for Forward Rate of Return (Yacktman) %. This puts TBS Holdings in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 7.11. TBS Holdings' value of 11.81% is 66.1% above this benchmark. Historically, TBS Holdings' own Forward Rate of Return (Yacktman) % has ranged from 4.60 to 20.96 over the past decade. While the company's 10-year median is 13.07 vs. the industry median of 7.11, TBS Holdings 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 Media - Diversified company?
The median Forward Rate of Return (Yacktman) % among Media - Diversified companies is 7.11, based on 629 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. TBS Holdings's current Forward Rate of Return (Yacktman) % of 11.81% is 66.1% 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 TBS Holdings and its competitors. For the Media - Diversified industry, the median Forward Rate of Return (Yacktman) % is 7.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TBS Holdings's current Forward Rate of Return (Yacktman) % is 11.81%, which is 10% below median its own 10-year median of 13.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TBS Holdings stock overvalued right now?
TBS Holdings (TKOBF) has a current Forward Rate of Return (Yacktman) % of 11.81%. The stock's GF Value™ is $12.39, compared to a current price of $16.09 — trading 29.9% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 11.81%, which is 10% below median its 10-year median of 13.07 and 66.1% above the Media - Diversified industry median of 7.11. TBS Holdings' overall GF Score™ is 83/100 with 7 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 TBS Holdings (TKOBF), the current Forward Rate of Return (Yacktman) % is 11.81% 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 TBS Holdings (TKOBF) Overvalued in 2026?
Based on GuruFocus' analysis, TBS Holdings stock appears to be overvalued.
The current stock price of $16.09 is trading 29.9% above its estimated GF Value™ of $12.39.
Key valuation signals for TKOBF:
Forward Rate of Return (Yacktman) %: 11.81% (10% below median its 10-year median of 13.07)
GF Value™: $12.39 vs. price of $16.09 (29.9% above fair value)
Industry Position: 66.1% above the Media - Diversified median (#264 of 629)
No single metric tells the full story. See the TKOBF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TBS Holdings Inc is a Japanese media and broadcasting holding company that operates television businesses through its subsidiaries. The company operates through three reportable segments: Media & Content Business, Lifestyle Business, and Real Estate & Other Business. The Media & Content Business includes television and radio broadcasting, event planning, video software production, and distribution. The Lifestyle Business handles general merchandise retail, beauty and wellness services, private tutoring, and early childhood education. The Real Estate & Other Business segment involves land and building rentals. It generates the majority of its revenue from the Media & content business segment.
83GF Score
Get the complete analysis for TKOBF
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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