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Toyota TsushoTYHOF 71 Forward Rate of Return (Yacktman) % is 18.80% as of Mar. 2026, which is 5% below its 10-year median of 19.80. GuruFocus rates TYHOF with a GF Scoreâ„¢ of 71/100 and a GF Valueâ„¢ of $21.86 (Significantly Overvalued). Among 428 Conglomerates companies, Toyota Tsusho ranks better than 66.59% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Toyota Tsusho's forward rate of return for was 18.80%.
The historical rank and industry rank for Toyota Tsusho's Forward Rate of Return (Yacktman) % or its related term are showing as below:
TYHOF'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 13.59 Med: 19.8 Max: 32.95
Current: 18.73
During the past 13 years, Toyota Tsusho's highest Forward Rate of Return was 32.95. The lowest was 13.59. And the median was 19.80.
TYHOF's Forward Rate of Return (Yacktman) % is ranked better than 66.59% of 428
companies
in the Conglomerates industry
Industry Median: 13.78
vs TYHOF: 18.73
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.
Toyota Tsusho (OTCPK:TYHOF) 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.
Toyota Tsusho Forward Rate of Return (Yacktman) % Related Terms
Toyota Tsusho Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Toyota Tsusho'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.
Toyota Tsusho Forward Rate of Return (Yacktman) % Chart
TYHOF vs HON, MMM: Forward Rate of Return (Yacktman) % Comparison
For the Conglomerates subindustry, Toyota Tsusho'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.
Toyota Tsusho Forward Rate of Return (Yacktman) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Toyota Tsusho's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Toyota Tsusho's Forward Rate of Return (Yacktman) % falls into.
Toyota Tsusho 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).
Toyota Tsusho's Forward Rate of Return of Mar. 2026 is
Forward Rate of Return
=
Normalized Free Cash Flow
/
Price
+
5-Year EBITDA Growth Rate
=
1.27028571
/
37.86
+
0.0683
=
10.19 %
* 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 18.80% mean?
Toyota Tsusho (TYHOF) has a Forward Rate of Return (Yacktman) % of 18.80% 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 Toyota Tsusho and its competitors. This is near median its historical median of 19.80. Over the past decade, Toyota Tsusho's Forward Rate of Return (Yacktman) % has ranged from 13.59 to 32.95. According to the industry distribution chart, Toyota Tsusho ranks #143 out of 428 companies in the Conglomerates industry, placing it in the top 33.4%.
Is Toyota Tsusho's Forward Rate of Return (Yacktman) % too high?
Toyota Tsusho's current Forward Rate of Return (Yacktman) % of 18.80% is near median its 10-year median of 19.80. Over the past 10 years, this metric has ranged from a low of 13.59 to a high of 32.95. The Conglomerates industry median Forward Rate of Return (Yacktman) % is 13.78. Toyota Tsusho's value of 18.80% is 36.4% above this industry median. Based on the distribution chart, Toyota Tsusho ranks #143 out of 428 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Toyota Tsusho has a GF Scoreâ„¢ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toyota Tsusho's Forward Rate of Return (Yacktman) % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Toyota Tsusho ranks #143 out of 428 companies for Forward Rate of Return (Yacktman) %. This puts Toyota Tsusho in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 13.78. Toyota Tsusho's value of 18.80% is 36.4% above this benchmark. Historically, Toyota Tsusho's own Forward Rate of Return (Yacktman) % has ranged from 13.59 to 32.95 over the past decade. While the company's 10-year median is 19.80 vs. the industry median of 13.78, Toyota Tsusho 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 Conglomerates company?
The median Forward Rate of Return (Yacktman) % among Conglomerates companies is 13.78, based on 428 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. Toyota Tsusho's current Forward Rate of Return (Yacktman) % of 18.80% is 36.4% 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 Toyota Tsusho and its competitors. For the Conglomerates industry, the median Forward Rate of Return (Yacktman) % is 13.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toyota Tsusho's current Forward Rate of Return (Yacktman) % is 18.80%, which is near median its own 10-year median of 19.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyota Tsusho stock overvalued right now?
Based on GuruFocus' analysis, Toyota Tsusho (TYHOF) is currently considered Significantly Overvalued. The stock's GF Value™ is $21.86, compared to a current price of $38.56 — trading 76.4% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 18.80%, which is near median its 10-year median of 19.80 and 36.4% above the Conglomerates industry median of 13.78. Toyota Tsusho's overall GF Score™ is 71/100. 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 Toyota Tsusho (TYHOF), the current Forward Rate of Return (Yacktman) % is 18.80% 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 Toyota Tsusho (TYHOF) Overvalued in 2026?
Based on GuruFocus' analysis, Toyota Tsusho stock appears to be overvalued.
The current stock price of $38.56 is trading 76.4% above its estimated GF Value™ of $21.86.
GuruFocus considers Toyota Tsusho to be Significantly Overvalued.
Key valuation signals for TYHOF:
Forward Rate of Return (Yacktman) %: 18.80% (near median its 10-year median of 19.80)
GF Value™: $21.86 vs. price of $38.56 (76.4% above fair value)
Industry Position: 36.4% above the Conglomerates median (#143 of 428)
No single metric tells the full story. See the TYHOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toyota Tsusho Corp is a Japan-based company involved in trading diverse products, along with the manufacturing, processing, sales, investment, and related service activities. The company operates through segments including Africa, Circular Economy, Digital Solutions, Green Infrastructure, Lifestyle, Metal Plus, Mobility, Supply Chain, and Others. It generates the majority of its revenue from the Metal Plus segment, which processes, manufactures, treats, and sells steel products and nonferrous metal ingots, among others.
71GF Score
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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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