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Koninklijke Ahold Delhaize NVXSWX:AD 92 Forward Rate of Return (Yacktman) % is 22.70% as of Jun. 2026, which is 20% below its 10-year median of 28.43. GuruFocus rates XSWX:AD with a GF Score™ of 92/100 and a GF Value™ of CHF32.42 (Fairly Valued). The stock has 3 warning signs investors should review. Among 218 Retail - Defensive companies, Koninklijke Ahold Delhaize NV ranks better than 83.03% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Koninklijke Ahold Delhaize NV's forward rate of return for was 22.70%.
The historical rank and industry rank for Koninklijke Ahold Delhaize NV's Forward Rate of Return (Yacktman) % or its related term are showing as below:
XSWX:AD'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 17.93 Med: 28.43 Max: 36.01
Current: 23.55
During the past 13 years, Koninklijke Ahold Delhaize NV's highest Forward Rate of Return was 36.01. The lowest was 17.93. And the median was 28.43.
XSWX:AD's Forward Rate of Return (Yacktman) % is ranked better than 83.03% of 218
companies
in the Retail - Defensive industry
Industry Median: 14.08
vs XSWX:AD: 23.55
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.
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.
Koninklijke Ahold Delhaize NV Forward Rate of Return (Yacktman) % Related Terms
Koninklijke Ahold Delhaize NV Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Koninklijke Ahold Delhaize NV'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.
XSWX:AD vs KR, SFM: Forward Rate of Return (Yacktman) % Comparison
For the Grocery Stores subindustry, Koninklijke Ahold Delhaize NV'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.
Koninklijke Ahold Delhaize NV Forward Rate of Return (Yacktman) % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Koninklijke Ahold Delhaize NV's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Koninklijke Ahold Delhaize NV's Forward Rate of Return (Yacktman) % falls into.
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 22.70% mean?
Koninklijke Ahold Delhaize NV (XSWX:AD) has a Forward Rate of Return (Yacktman) % of 22.70% as of Jun. 2026. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Koninklijke Ahold Delhaize NV and its competitors. This is 20% below median its historical median of 28.43. Over the past decade, Koninklijke Ahold Delhaize NV's Forward Rate of Return (Yacktman) % has ranged from 17.93 to 36.01. According to the industry distribution chart, Koninklijke Ahold Delhaize NV ranks #37 out of 218 companies in the Retail - Defensive industry, placing it in the top 17%.
Is Koninklijke Ahold Delhaize NV's Forward Rate of Return (Yacktman) % too high?
Koninklijke Ahold Delhaize NV's current Forward Rate of Return (Yacktman) % of 22.70% is 20% below median its 10-year median of 28.43. Over the past 10 years, this metric has ranged from a low of 17.93 to a high of 36.01. The Retail - Defensive industry median Forward Rate of Return (Yacktman) % is 14.08. Koninklijke Ahold Delhaize NV's value of 22.70% is 61.2% above this industry median. Based on the distribution chart, Koninklijke Ahold Delhaize NV ranks #37 out of 218 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Koninklijke Ahold Delhaize NV has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Koninklijke Ahold Delhaize NV's Forward Rate of Return (Yacktman) % compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Koninklijke Ahold Delhaize NV ranks #37 out of 218 companies for Forward Rate of Return (Yacktman) %. This places Koninklijke Ahold Delhaize NV in the top 17% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 14.08. Koninklijke Ahold Delhaize NV's value of 22.70% is 61.2% above this benchmark. Historically, Koninklijke Ahold Delhaize NV's own Forward Rate of Return (Yacktman) % has ranged from 17.93 to 36.01 over the past decade. While the company's 10-year median is 28.43 vs. the industry median of 14.08, Koninklijke Ahold Delhaize NV 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 Retail - Defensive company?
The median Forward Rate of Return (Yacktman) % among Retail - Defensive companies is 14.08, based on 218 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. Koninklijke Ahold Delhaize NV's current Forward Rate of Return (Yacktman) % of 22.70% is 61.2% 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 Koninklijke Ahold Delhaize NV and its competitors. For the Retail - Defensive industry, the median Forward Rate of Return (Yacktman) % is 14.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Koninklijke Ahold Delhaize NV's current Forward Rate of Return (Yacktman) % is 22.70%, which is 20% below median its own 10-year median of 28.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Koninklijke Ahold Delhaize NV stock overvalued right now?
Based on GuruFocus' analysis, Koninklijke Ahold Delhaize NV (XSWX:AD) is currently considered Fairly Valued. The stock's GF Value™ is CHF32.42, compared to a current price of CHF33.09 — trading 2.1% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 22.70%, which is 20% below median its 10-year median of 28.43 and 61.2% above the Retail - Defensive industry median of 14.08. Koninklijke Ahold Delhaize NV's overall GF Score™ is 92/100 with 3 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 Koninklijke Ahold Delhaize NV (XSWX:AD), the current Forward Rate of Return (Yacktman) % is 22.70% as of Jun. 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 Koninklijke Ahold Delhaize NV (XSWX:AD) Overvalued in 2026?
Based on GuruFocus' analysis, Koninklijke Ahold Delhaize NV stock appears to be overvalued.
The current stock price of CHF33.09 is trading 2.1% above its estimated GF Value™ of CHF32.42.
GuruFocus considers Koninklijke Ahold Delhaize NV to be Fairly Valued.
Key valuation signals for XSWX:AD:
Forward Rate of Return (Yacktman) %: 22.70% (20% below median its 10-year median of 28.43)
GF Value™: CHF32.42 vs. price of CHF33.09 (2.1% above fair value)
Industry Position: 61.2% above the Retail - Defensive median (#37 of 218)
No single metric tells the full story. See the XSWX:AD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ahold Delhaize is the product of the July 2016 merger between Netherlands-based Ahold and Belgium's Delhaize, forming the seventh-largest grocer in the US and a top player in several parts of Europe. The US is its largest market, accounting for over 60% of group sales, and the network stretches from Maine to Georgia, including banners Stop & Shop, The Giant Company, Giant Food, Food Lion, and Hannaford. The Europe segment accounts for the rest of the revenue, with the firm operating in the Netherlands, Belgium, Greece, Romania, Serbia, and Luxembourg.
92GF Score
Get the complete analysis for XSWX:AD
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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