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Artifex MundiWAR:ART -0.96%96 Forward Rate of Return (Yacktman) % is 21.69% as of Mar. 2026, which is 1% above its 10-year median of 21.46. GuruFocus rates WAR:ART with a GF Score™ of 96/100 and a GF Value™ of zł19.67 (Fairly Valued). The stock has 5 warning signs investors should review. Among 254 Interactive Media companies, Artifex Mundi ranks better than 70.47% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Artifex Mundi's forward rate of return for was 21.69%.
The historical rank and industry rank for Artifex Mundi's Forward Rate of Return (Yacktman) % or its related term are showing as below:
WAR:ART'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 21.26 Med: 21.46 Max: 22.86
Current: 21.45
During the past 11 years, Artifex Mundi's highest Forward Rate of Return was 22.86. The lowest was 21.26. And the median was 21.46.
WAR:ART's Forward Rate of Return (Yacktman) % is ranked better than 70.47% of 254
companies
in the Interactive Media industry
Industry Median: 12.34
vs WAR:ART: 21.45
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.
Artifex Mundi (WAR:ART) 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.
Artifex Mundi Forward Rate of Return (Yacktman) % Related Terms
Artifex Mundi Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Artifex Mundi'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.
Artifex Mundi Forward Rate of Return (Yacktman) % Chart
WAR:ART vs NTES, EA, TTWO: Forward Rate of Return (Yacktman) % Comparison
For the Electronic Gaming & Multimedia subindustry, Artifex Mundi'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.
Artifex Mundi Forward Rate of Return (Yacktman) % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Artifex Mundi's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Artifex Mundi's Forward Rate of Return (Yacktman) % falls into.
Artifex Mundi 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).
Artifex Mundi's Forward Rate of Return of Mar. 2026 is
Forward Rate of Return
=
Normalized Free Cash Flow
/
Price
+
5-Year EBITDA Growth Rate
=
0.29847619
/
17.66
+
0.2
=
21.69 %
* 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 21.69% mean?
Artifex Mundi (WAR:ART) has a Forward Rate of Return (Yacktman) % of 21.69% 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 Artifex Mundi and its competitors. This is near median its historical median of 21.46. Over the past decade, Artifex Mundi's Forward Rate of Return (Yacktman) % has ranged from 21.26 to 22.86. According to the industry distribution chart, Artifex Mundi ranks #75 out of 254 companies in the Interactive Media industry, placing it in the top 29.5%.
Is Artifex Mundi's Forward Rate of Return (Yacktman) % too high?
Artifex Mundi's current Forward Rate of Return (Yacktman) % of 21.69% is near median its 10-year median of 21.46. Over the past 10 years, this metric has ranged from a low of 21.26 to a high of 22.86. The Interactive Media industry median Forward Rate of Return (Yacktman) % is 12.34. Artifex Mundi's value of 21.69% is 75.8% above this industry median. Based on the distribution chart, Artifex Mundi ranks #75 out of 254 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Artifex Mundi has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Artifex Mundi's Forward Rate of Return (Yacktman) % compare to NTES and EA?
According to the Interactive Media industry distribution chart, Artifex Mundi ranks #75 out of 254 companies for Forward Rate of Return (Yacktman) %. This puts Artifex Mundi in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 12.34. Artifex Mundi's value of 21.69% is 75.8% above this benchmark. Historically, Artifex Mundi's own Forward Rate of Return (Yacktman) % has ranged from 21.26 to 22.86 over the past decade. While the company's 10-year median is 21.46 vs. the industry median of 12.34, Artifex Mundi 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 an Interactive Media company?
The median Forward Rate of Return (Yacktman) % among Interactive Media companies is 12.34, based on 254 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. Artifex Mundi's current Forward Rate of Return (Yacktman) % of 21.69% is 75.8% 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 Artifex Mundi and its competitors. For the Interactive Media industry, the median Forward Rate of Return (Yacktman) % is 12.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Artifex Mundi's current Forward Rate of Return (Yacktman) % is 21.69%, which is near median its own 10-year median of 21.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Artifex Mundi stock overvalued right now?
Based on GuruFocus' analysis, Artifex Mundi (WAR:ART) is currently considered Fairly Valued. The stock's GF Value™ is zł19.67, compared to a current price of zł20.60 — trading 4.7% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 21.69%, which is near median its 10-year median of 21.46 and 75.8% above the Interactive Media industry median of 12.34. Artifex Mundi's overall GF Score™ is 96/100 with 5 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 Artifex Mundi (WAR:ART), the current Forward Rate of Return (Yacktman) % is 21.69% 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 Artifex Mundi (WAR:ART) Overvalued in 2026?
Based on GuruFocus' analysis, Artifex Mundi stock appears to be overvalued.
The current stock price of zł20.60 is trading 4.7% above its estimated GF Value™ of zł19.67.
GuruFocus considers Artifex Mundi to be Fairly Valued.
Key valuation signals for WAR:ART:
Forward Rate of Return (Yacktman) %: 21.69% (near median its 10-year median of 21.46)
GF Value™: zł19.67 vs. price of zł20.60 (4.7% above fair value)
Industry Position: 75.8% above the Interactive Media median (#75 of 254)
No single metric tells the full story. See the WAR:ART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Artifex Mundi SA is a producer, co-producer and publisher of games for platforms including Android, iOS, Windows Phone, PC, Mac, Linux, Xbox One and PlayStation 4. Its business segments include Game segment premium, which includes the production of games monetyzowanych model try-before- you-buy and publishing activities and investment in the field of games monetyzowanych model try-before- you-buy.
96GF Score
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