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Agnico Eagle MinesXSWX:AEM +2.47%72 Forward Rate of Return (Yacktman) % is 22.25% as of Jun. 2026, which is 38% above its 10-year median of 16.14. GuruFocus rates XSWX:AEM with a GF Score™ of 72/100 and a GF Value™ of CHF140.19 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 444 Metals & Mining companies, Agnico Eagle Mines ranks better than 82.21% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Agnico Eagle Mines's forward rate of return for was 22.25%.
The historical rank and industry rank for Agnico Eagle Mines's Forward Rate of Return (Yacktman) % or its related term are showing as below:
XSWX:AEM'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -6.8 Med: 16.14 Max: 23.62
Current: 21.66
During the past 13 years, Agnico Eagle Mines's highest Forward Rate of Return was 23.62. The lowest was -6.80. And the median was 16.14.
XSWX:AEM's Forward Rate of Return (Yacktman) % is ranked better than 82.21% of 444
companies
in the Metals & Mining industry
Industry Median: 9.125
vs XSWX:AEM: 21.66
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.
Agnico Eagle Mines Forward Rate of Return (Yacktman) % Related Terms
Agnico Eagle Mines Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Agnico Eagle Mines'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.
Agnico Eagle Mines Forward Rate of Return (Yacktman) % Chart
XSWX:AEM vs NEM, AU, RGLD: Forward Rate of Return (Yacktman) % Comparison
For the Gold subindustry, Agnico Eagle Mines'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.
Agnico Eagle Mines Forward Rate of Return (Yacktman) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Agnico Eagle Mines's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Agnico Eagle Mines's Forward Rate of Return (Yacktman) % falls into.
Agnico Eagle Mines 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 22.25% mean?
Agnico Eagle Mines (XSWX:AEM) has a Forward Rate of Return (Yacktman) % of 22.25% 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 Agnico Eagle Mines and its competitors. This is 38% above median its historical median of 16.14. According to the industry distribution chart, Agnico Eagle Mines ranks #79 out of 444 companies in the Metals & Mining industry, placing it in the top 17.8%.
Is Agnico Eagle Mines' Forward Rate of Return (Yacktman) % too high?
Agnico Eagle Mines' current Forward Rate of Return (Yacktman) % of 22.25% is 38% above median its 10-year median of 16.14. The Metals & Mining industry median Forward Rate of Return (Yacktman) % is 9.13. Agnico Eagle Mines' value of 22.25% is 143.8% above this industry median. Based on the distribution chart, Agnico Eagle Mines ranks #79 out of 444 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Agnico Eagle Mines has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Agnico Eagle Mines' Forward Rate of Return (Yacktman) % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Agnico Eagle Mines ranks #79 out of 444 companies for Forward Rate of Return (Yacktman) %. This places Agnico Eagle Mines in the top 18% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 9.13. Agnico Eagle Mines' value of 22.25% is 143.8% above this benchmark. While the company's 10-year median is 16.14 vs. the industry median of 9.13, Agnico Eagle Mines 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 9.13, 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. Agnico Eagle Mines's current Forward Rate of Return (Yacktman) % of 22.25% is 143.8% 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 Agnico Eagle Mines and its competitors. For the Metals & Mining industry, the median Forward Rate of Return (Yacktman) % is 9.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Agnico Eagle Mines's current Forward Rate of Return (Yacktman) % is 22.25%, which is 38% above median its own 10-year median of 16.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agnico Eagle Mines stock overvalued right now?
Based on GuruFocus' analysis, Agnico Eagle Mines (XSWX:AEM) is currently considered Modestly Overvalued. The stock's GF Value™ is CHF140.19, compared to a current price of CHF172.46 — trading 23% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 22.25%, which is 38% above median its 10-year median of 16.14 and 143.8% above the Metals & Mining industry median of 9.13. Agnico Eagle Mines' overall GF Score™ is 72/100 with 2 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 Agnico Eagle Mines (XSWX:AEM), the current Forward Rate of Return (Yacktman) % is 22.25% 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 Agnico Eagle Mines (XSWX:AEM) Overvalued in 2026?
Based on GuruFocus' analysis, Agnico Eagle Mines stock appears to be overvalued.
The current stock price of CHF172.46 is trading 23% above its estimated GF Value™ of CHF140.19.
GuruFocus considers Agnico Eagle Mines to be Modestly Overvalued.
Key valuation signals for XSWX:AEM:
Forward Rate of Return (Yacktman) %: 22.25% (38% above median its 10-year median of 16.14)
GF Value™: CHF140.19 vs. price of CHF172.46 (23% above fair value)
Industry Position: 143.8% above the Metals & Mining median (#79 of 444)
No single metric tells the full story. See the XSWX:AEM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It sold around 3.4 million gold ounces in 2025 and had about 15 years of gold reserves at end 2025. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.
72GF Score
Get the complete analysis for XSWX:AEM
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