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TOKYO PRINTING INK MFG CoTSE:4635 -0.79%61 Forward Rate of Return (Yacktman) % is 9.03% as of Mar. 2026, which is 60% above its 10-year median of 5.65. GuruFocus rates TSE:4635 with a GF Score™ of 61/100 and a GF Value™ of 円793.70 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,253 Chemicals companies, TOKYO PRINTING INK MFG Co ranks better than 64.01% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. TOKYO PRINTING INK MFG Co's forward rate of return for was 9.03%.
The historical rank and industry rank for TOKYO PRINTING INK MFG Co's Forward Rate of Return (Yacktman) % or its related term are showing as below:
TSE:4635'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -9.8 Med: 5.65 Max: 20.65
Current: 9.08
During the past 13 years, TOKYO PRINTING INK MFG Co's highest Forward Rate of Return was 20.65. The lowest was -9.80. And the median was 5.65.
TSE:4635's Forward Rate of Return (Yacktman) % is ranked better than 64.01% of 1253
companies
in the Chemicals industry
Industry Median: 3.79
vs TSE:4635: 9.08
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.
TOKYO PRINTING INK MFG Co (TSE:4635) 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.
TOKYO PRINTING INK MFG Co Forward Rate of Return (Yacktman) % Related Terms
TOKYO PRINTING INK MFG Co Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for TOKYO PRINTING INK MFG 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.
TOKYO PRINTING INK MFG Co Forward Rate of Return (Yacktman) % Chart
TSE:4635 vs LIN, SHW, ECL: Forward Rate of Return (Yacktman) % Comparison
For the Specialty Chemicals subindustry, TOKYO PRINTING INK MFG 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.
TOKYO PRINTING INK MFG Co Forward Rate of Return (Yacktman) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, TOKYO PRINTING INK MFG Co's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where TOKYO PRINTING INK MFG Co's Forward Rate of Return (Yacktman) % falls into.
TOKYO PRINTING INK MFG 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 9.03% mean?
TOKYO PRINTING INK MFG Co (TSE:4635) has a Forward Rate of Return (Yacktman) % of 9.03% 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 TOKYO PRINTING INK MFG Co and its competitors. This is 60% above median its historical median of 5.65. According to the industry distribution chart, TOKYO PRINTING INK MFG Co ranks #451 out of 1253 companies in the Chemicals industry, placing it in the top 36%.
Is TOKYO PRINTING INK MFG Co's Forward Rate of Return (Yacktman) % too high?
TOKYO PRINTING INK MFG Co's current Forward Rate of Return (Yacktman) % of 9.03% is 60% above median its 10-year median of 5.65. The Chemicals industry median Forward Rate of Return (Yacktman) % is 3.79. TOKYO PRINTING INK MFG Co's value of 9.03% is 138.3% above this industry median. Based on the distribution chart, TOKYO PRINTING INK MFG Co ranks #451 out of 1253 companies in the Chemicals industry, which is above the industry midpoint. Overall, TOKYO PRINTING INK MFG Co has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOKYO PRINTING INK MFG Co's Forward Rate of Return (Yacktman) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, TOKYO PRINTING INK MFG Co ranks #451 out of 1253 companies for Forward Rate of Return (Yacktman) %. This puts TOKYO PRINTING INK MFG Co in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 3.79. TOKYO PRINTING INK MFG Co's value of 9.03% is 138.3% above this benchmark. While the company's 10-year median is 5.65 vs. the industry median of 3.79, TOKYO PRINTING INK MFG Co 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 Chemicals company?
The median Forward Rate of Return (Yacktman) % among Chemicals companies is 3.79, based on 1,253 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. TOKYO PRINTING INK MFG Co's current Forward Rate of Return (Yacktman) % of 9.03% is 138.3% 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 TOKYO PRINTING INK MFG Co and its competitors. For the Chemicals industry, the median Forward Rate of Return (Yacktman) % is 3.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOKYO PRINTING INK MFG Co's current Forward Rate of Return (Yacktman) % is 9.03%, which is 60% above median its own 10-year median of 5.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOKYO PRINTING INK MFG Co stock overvalued right now?
Based on GuruFocus' analysis, TOKYO PRINTING INK MFG Co (TSE:4635) is currently considered Significantly Overvalued. The stock's GF Value™ is 円793.70, compared to a current price of 円1,389.00 — trading 75% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 9.03%, which is 60% above median its 10-year median of 5.65 and 138.3% above the Chemicals industry median of 3.79. TOKYO PRINTING INK MFG Co's overall GF Score™ is 61/100 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 TOKYO PRINTING INK MFG Co (TSE:4635), the current Forward Rate of Return (Yacktman) % is 9.03% 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 TOKYO PRINTING INK MFG Co (TSE:4635) Overvalued in 2026?
Based on GuruFocus' analysis, TOKYO PRINTING INK MFG Co stock appears to be overvalued.
The current stock price of 円1,389.00 is trading 75% above its estimated GF Value™ of 円793.70.
GuruFocus considers TOKYO PRINTING INK MFG Co to be Significantly Overvalued.
Key valuation signals for TSE:4635:
Forward Rate of Return (Yacktman) %: 9.03% (60% above median its 10-year median of 5.65)
GF Value™: 円793.70 vs. price of 円1,389.00 (75% above fair value)
Industry Position: 138.3% above the Chemicals median (#451 of 1253)
No single metric tells the full story. See the TSE:4635 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TOKYO PRINTING INK MFG Co Ltd is the speciality chemicals manufacturing company. The core business segments of the company comprise of the followings - Ink business, Chemical Products, and Processed Products business. Ink business offers offset printing, gravure ink, inkjet ink, high performance, and high-quality printer ink. Chemical Products includes colorant for plastics, functional additives for plastics, and other functional products. The Processed Products business supply packaging materials, civil engineering materials and agricultural materials for various industrial applications.
61GF Score
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