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Majestic GoldTSXV:MJS Forward Rate of Return (Yacktman) % is 30.82% as of Mar. 2026, which is 19% below its 10-year median of 38.10. The stock has 5 warning signs investors should review. Among 444 Metals & Mining companies, Majestic Gold ranks better than 94.82% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Majestic Gold's forward rate of return for was 30.82%.
The historical rank and industry rank for Majestic Gold's Forward Rate of Return (Yacktman) % or its related term are showing as below:
TSXV:MJS'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 28.57 Med: 38.1 Max: 60.1
Current: 39.01
During the past 13 years, Majestic Gold's highest Forward Rate of Return was 60.10. The lowest was 28.57. And the median was 38.10.
TSXV:MJS's Forward Rate of Return (Yacktman) % is ranked better than 94.82% of 444
companies
in the Metals & Mining industry
Industry Median: 9.21
vs TSXV:MJS: 39.01
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.
Majestic Gold (TSXV:MJS) 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.
Majestic Gold Forward Rate of Return (Yacktman) % Related Terms
Majestic Gold Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Majestic Gold'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.
Majestic Gold Forward Rate of Return (Yacktman) % Chart
TSXV:MJS vs NEM, AU: Forward Rate of Return (Yacktman) % Comparison
For the Gold subindustry, Majestic Gold'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.
Majestic Gold Forward Rate of Return (Yacktman) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Majestic Gold's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Majestic Gold's Forward Rate of Return (Yacktman) % falls into.
Majestic Gold 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).
Majestic Gold's Forward Rate of Return of Mar. 2026 is
Forward Rate of Return
=
Normalized Free Cash Flow
/
Price
+
5-Year EBITDA Growth Rate
=
0.01942857
/
0.145
+
0.1742
=
30.82 %
* 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 30.82% mean?
Majestic Gold (TSXV:MJS) has a Forward Rate of Return (Yacktman) % of 30.82% 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 Majestic Gold and its competitors. This is 19% below median its historical median of 38.10. Over the past decade, Majestic Gold's Forward Rate of Return (Yacktman) % has ranged from 28.57 to 60.10. According to the industry distribution chart, Majestic Gold ranks #23 out of 444 companies in the Metals & Mining industry, placing it in the top 5.2%.
Is Majestic Gold's Forward Rate of Return (Yacktman) % too high?
Majestic Gold's current Forward Rate of Return (Yacktman) % of 30.82% is 19% below median its 10-year median of 38.10. Over the past 10 years, this metric has ranged from a low of 28.57 to a high of 60.10. The Metals & Mining industry median Forward Rate of Return (Yacktman) % is 9.21. Majestic Gold's value of 30.82% is 234.6% above this industry median. Based on the distribution chart, Majestic Gold ranks #23 out of 444 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers.
How does Majestic Gold's Forward Rate of Return (Yacktman) % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Majestic Gold ranks #23 out of 444 companies for Forward Rate of Return (Yacktman) %. This places Majestic Gold in the top 5% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 9.21. Majestic Gold's value of 30.82% is 234.6% above this benchmark. Historically, Majestic Gold's own Forward Rate of Return (Yacktman) % has ranged from 28.57 to 60.10 over the past decade. While the company's 10-year median is 38.10 vs. the industry median of 9.21, Majestic Gold 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 Metals & Mining company?
The median Forward Rate of Return (Yacktman) % among Metals & Mining companies is 9.21, based on 444 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. Majestic Gold's current Forward Rate of Return (Yacktman) % of 30.82% is 234.6% 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 Majestic Gold and its competitors. For the Metals & Mining industry, the median Forward Rate of Return (Yacktman) % is 9.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Majestic Gold's current Forward Rate of Return (Yacktman) % is 30.82%, which is 19% below median its own 10-year median of 38.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Majestic Gold stock overvalued right now?
Based on GuruFocus' analysis, Majestic Gold (TSXV:MJS) is currently considered Possible Value Trap. The stock's GF Value™ is C$0.14, compared to a current price of C$0.09 — trading 35.7% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 30.82%, which is 19% below median its 10-year median of 38.10 and 234.6% above the Metals & Mining industry median of 9.21. 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 Majestic Gold (TSXV:MJS), the current Forward Rate of Return (Yacktman) % is 30.82% 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.
Majestic Gold Corp is a gold mining company with mining operations in China, as well as exploration and evaluation properties held directly in China and Canada. Its key mineral property interests and mining operations are located in China, comprising the Songjiagou Gold Project, its flagship project, and the Mujin Gold Project. Additionally, it holds interests in the Sunset-Sunrise Mineral Property in Canada. Majestic Gold generates the majority of its revenue through the sales of gold bullion, and to a lesser extent, from the sales of sulfur.
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