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Tomra Systems ASATMRAY -1.13%86 Forward Rate of Return (Yacktman) % is 8.77% as of Jun. 2026, which is 81% below its 10-year median of 45.99. GuruFocus rates TMRAY with a GF Score™ of 86/100 and a GF Value™ of $16.34 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 144 Waste Management companies, Tomra Systems ASA ranks better than 53.47% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Tomra Systems ASA's forward rate of return for was 8.77%.
The historical rank and industry rank for Tomra Systems ASA's Forward Rate of Return (Yacktman) % or its related term are showing as below:
TMRAY'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 8 Med: 45.99 Max: 81.8
Current: 8
During the past 13 years, Tomra Systems ASA's highest Forward Rate of Return was 81.80. The lowest was 8.00. And the median was 45.99.
TMRAY's Forward Rate of Return (Yacktman) % is ranked better than 53.47% of 144
companies
in the Waste Management industry
Industry Median: 6.32
vs TMRAY: 8.00
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.
Tomra Systems ASA (OTCPK:TMRAY) 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.
Tomra Systems ASA Forward Rate of Return (Yacktman) % Related Terms
Tomra Systems ASA Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Tomra Systems ASA'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.
Tomra Systems ASA Forward Rate of Return (Yacktman) % Chart
TMRAY vs WM, RSG, WCN: Forward Rate of Return (Yacktman) % Comparison
For the Waste Management subindustry, Tomra Systems ASA'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.
Tomra Systems ASA Forward Rate of Return (Yacktman) % vs Waste Management Industry
For the Waste Management industry and Industrials sector, Tomra Systems ASA's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Tomra Systems ASA's Forward Rate of Return (Yacktman) % falls into.
Tomra Systems ASA 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 8.77% mean?
Tomra Systems ASA (TMRAY) has a Forward Rate of Return (Yacktman) % of 8.77% 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 Tomra Systems ASA and its competitors. This is 81% below median its historical median of 45.99. Over the past decade, Tomra Systems ASA's Forward Rate of Return (Yacktman) % has ranged from 8.00 to 81.80. According to the industry distribution chart, Tomra Systems ASA ranks #67 out of 144 companies in the Waste Management industry, placing it in the top 46.5%.
Is Tomra Systems ASA's Forward Rate of Return (Yacktman) % too high?
Tomra Systems ASA's current Forward Rate of Return (Yacktman) % of 8.77% is 81% below median its 10-year median of 45.99. Over the past 10 years, this metric has ranged from a low of 8.00 to a high of 81.80. The Waste Management industry median Forward Rate of Return (Yacktman) % is 6.32. Tomra Systems ASA's value of 8.77% is 38.8% above this industry median. Based on the distribution chart, Tomra Systems ASA ranks #67 out of 144 companies in the Waste Management industry, which is above the industry midpoint. Overall, Tomra Systems ASA has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tomra Systems ASA's Forward Rate of Return (Yacktman) % compare to WM and RSG?
According to the Waste Management industry distribution chart, Tomra Systems ASA ranks #67 out of 144 companies for Forward Rate of Return (Yacktman) %. This puts Tomra Systems ASA in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 6.32. Tomra Systems ASA's value of 8.77% is 38.8% above this benchmark. Historically, Tomra Systems ASA's own Forward Rate of Return (Yacktman) % has ranged from 8.00 to 81.80 over the past decade. While the company's 10-year median is 45.99 vs. the industry median of 6.32, Tomra Systems ASA 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 Waste Management company?
The median Forward Rate of Return (Yacktman) % among Waste Management companies is 6.32, based on 144 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. Tomra Systems ASA's current Forward Rate of Return (Yacktman) % of 8.77% is 38.8% 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 Tomra Systems ASA and its competitors. For the Waste Management industry, the median Forward Rate of Return (Yacktman) % is 6.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tomra Systems ASA's current Forward Rate of Return (Yacktman) % is 8.77%, which is 81% below median its own 10-year median of 45.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tomra Systems ASA stock overvalued right now?
Based on GuruFocus' analysis, Tomra Systems ASA (TMRAY) is currently considered Modestly Undervalued. The stock's GF Value™ is $16.34, compared to a current price of $11.39 — trading 30.3% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 8.77%, which is 81% below median its 10-year median of 45.99 and 38.8% above the Waste Management industry median of 6.32. Tomra Systems ASA's overall GF Score™ is 86/100 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 Tomra Systems ASA (TMRAY), the current Forward Rate of Return (Yacktman) % is 8.77% 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 Tomra Systems ASA (TMRAY) Overvalued in 2026?
Based on GuruFocus' analysis, Tomra Systems ASA stock appears to be undervalued.
The current stock price of $11.39 is trading 30.3% below its estimated GF Value™ of $16.34.
GuruFocus considers Tomra Systems ASA to be Modestly Undervalued.
Key valuation signals for TMRAY:
Forward Rate of Return (Yacktman) %: 8.77% (81% below median its 10-year median of 45.99)
GF Value™: $16.34 vs. price of $11.39 (30.3% below fair value)
Industry Position: 38.8% above the Waste Management median (#67 of 144)
No single metric tells the full story. See the TMRAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tomra Systems ASA provides sorting and recycling solutions to equip customers for handling waste. The company creates and delivers sensor-based solutions that contribute to optimal resource productivity, in packaging, collection, compaction, recycling, ore sorting, and food production. It provides reverse vending machines, sensor-based sorting machines integrated post-harvest solutions, sensors for waste sorting applications, and other related products and solutions. The company's operating segments are; TOMRA Collection which generates key revenue, TOMRA Recycling, TOMRA Horizon, and TOMRA Food. Geographically, the company generates maximum revenue from Europe region followed by America, Asia, and Oceania.
86GF Score
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