Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Asseco South Eastern EuropeWAR:ASE +2.99%73 Forward Rate of Return (Yacktman) % is 13.83% as of Mar. 2026, which is 39% below its 10-year median of 22.82. GuruFocus rates WAR:ASE with a GF Score™ of 73/100 and a GF Value™ of zł57.55 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,367 Software companies, Asseco South Eastern Europe ranks worse than 51.94% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Asseco South Eastern Europe's forward rate of return for was 13.83%.
The historical rank and industry rank for Asseco South Eastern Europe's Forward Rate of Return (Yacktman) % or its related term are showing as below:
WAR:ASE'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 12.58 Med: 22.82 Max: 27.18
Current: 12.58
During the past 13 years, Asseco South Eastern Europe's highest Forward Rate of Return was 27.18. The lowest was 12.58. And the median was 22.82.
WAR:ASE's Forward Rate of Return (Yacktman) % is ranked worse than 51.94% of 1367
companies
in the Software industry
Industry Median: 13.38
vs WAR:ASE: 12.58
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.
Asseco South Eastern Europe (WAR:ASE) 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.
Asseco South Eastern Europe Forward Rate of Return (Yacktman) % Related Terms
Asseco South Eastern Europe Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Asseco South Eastern Europe'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.
Asseco South Eastern Europe Forward Rate of Return (Yacktman) % Chart
WAR:ASE vs QH, SHOP, UBER: Forward Rate of Return (Yacktman) % Comparison
For the Software - Application subindustry, Asseco South Eastern Europe'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.
Asseco South Eastern Europe Forward Rate of Return (Yacktman) % vs Software Industry
For the Software industry and Technology sector, Asseco South Eastern Europe's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Asseco South Eastern Europe's Forward Rate of Return (Yacktman) % falls into.
Asseco South Eastern Europe 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 13.83% mean?
Asseco South Eastern Europe (WAR:ASE) has a Forward Rate of Return (Yacktman) % of 13.83% 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 Asseco South Eastern Europe and its competitors. This is 39% below median its historical median of 22.82. Over the past decade, Asseco South Eastern Europe's Forward Rate of Return (Yacktman) % has ranged from 12.58 to 27.18. According to the industry distribution chart, Asseco South Eastern Europe ranks #710 out of 1367 companies in the Software industry, placing it in the top 51.9%.
Is Asseco South Eastern Europe's Forward Rate of Return (Yacktman) % too high?
Asseco South Eastern Europe's current Forward Rate of Return (Yacktman) % of 13.83% is 39% below median its 10-year median of 22.82. Over the past 10 years, this metric has ranged from a low of 12.58 to a high of 27.18. The Software industry median Forward Rate of Return (Yacktman) % is 13.38. Asseco South Eastern Europe's value of 13.83% is 3.4% above this industry median. Based on the distribution chart, Asseco South Eastern Europe ranks #710 out of 1367 companies in the Software industry, which is below the industry midpoint. Overall, Asseco South Eastern Europe has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asseco South Eastern Europe's Forward Rate of Return (Yacktman) % compare to QH and SHOP?
According to the Software industry distribution chart, Asseco South Eastern Europe ranks #710 out of 1367 companies for Forward Rate of Return (Yacktman) %. This places Asseco South Eastern Europe in the lower half of its industry. The industry median Forward Rate of Return (Yacktman) % is 13.38. Asseco South Eastern Europe's value of 13.83% is 3.4% above this benchmark. Historically, Asseco South Eastern Europe's own Forward Rate of Return (Yacktman) % has ranged from 12.58 to 27.18 over the past decade. While the company's 10-year median is 22.82 vs. the industry median of 13.38, Asseco South Eastern Europe 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 Software company?
The median Forward Rate of Return (Yacktman) % among Software companies is 13.38, based on 1,367 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. Asseco South Eastern Europe's current Forward Rate of Return (Yacktman) % of 13.83% is 3.4% 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 Asseco South Eastern Europe and its competitors. For the Software industry, the median Forward Rate of Return (Yacktman) % is 13.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asseco South Eastern Europe's current Forward Rate of Return (Yacktman) % is 13.83%, which is 39% below median its own 10-year median of 22.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asseco South Eastern Europe stock overvalued right now?
Based on GuruFocus' analysis, Asseco South Eastern Europe (WAR:ASE) is currently considered Significantly Overvalued. The stock's GF Value™ is zł57.55, compared to a current price of zł75.90 — trading 31.9% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 13.83%, which is 39% below median its 10-year median of 22.82 and 3.4% above the Software industry median of 13.38. Asseco South Eastern Europe's overall GF Score™ is 73/100 with 6 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 Asseco South Eastern Europe (WAR:ASE), the current Forward Rate of Return (Yacktman) % is 13.83% 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 Asseco South Eastern Europe (WAR:ASE) Overvalued in 2026?
Based on GuruFocus' analysis, Asseco South Eastern Europe stock appears to be overvalued.
The current stock price of zł75.90 is trading 31.9% above its estimated GF Value™ of zł57.55.
GuruFocus considers Asseco South Eastern Europe to be Significantly Overvalued.
Key valuation signals for WAR:ASE:
Forward Rate of Return (Yacktman) %: 13.83% (39% below median its 10-year median of 22.82)
GF Value™: zł57.55 vs. price of zł75.90 (31.9% above fair value)
Industry Position: 3.4% above the Software median (#710 of 1367)
No single metric tells the full story. See the WAR:ASE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asseco South Eastern Europe SA along with its subsidiaries provides implementation, integration and outsourcing services. It conducts business operations in the markets of Poland, South Eastern Europe, and Turkey. Its business is divided into three operating segments. Banking Solutions segment deals with integrated banking systems based on the Oracle and Microsoft platforms, including primarily core banking systems. Payment Solutions is engaged in the sale and maintenance of ATMs and POS terminals (point of sale) as well as in the provision of related support services. Systems Integration segment is engaged in the development of customized IT systems, integration of third-party software and elements of infrastructure, as well as in the sale and installation of hardware solutions.
73GF Score
Get the complete analysis for WAR:ASE
Forward Rate of Return (Yacktman) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
WAR:ASE has been successfully added to your 
