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Fresenius Medical Care AGXSWX:FME +0.44%75 Forward Rate of Return (Yacktman) % is 10.01% as of Mar. 2026, which is 30% below its 10-year median of 14.23. GuruFocus rates XSWX:FME with a GF Score™ of 75/100 and a GF Value™ of CHF37.64. The stock has 4 warning signs investors should review. Among 341 Healthcare Providers & Services companies, Fresenius Medical Care AG ranks worse than 58.06% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Fresenius Medical Care AG's forward rate of return for was 10.01%.
The historical rank and industry rank for Fresenius Medical Care AG's Forward Rate of Return (Yacktman) % or its related term are showing as below:
XSWX:FME'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 4.91 Med: 14.23 Max: 23.75
Current: 8.56
During the past 13 years, Fresenius Medical Care AG's highest Forward Rate of Return was 23.75. The lowest was 4.91. And the median was 14.23.
XSWX:FME's Forward Rate of Return (Yacktman) % is ranked worse than 58.06% of 341
companies
in the Healthcare Providers & Services industry
Industry Median: 12.23
vs XSWX:FME: 8.56
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.
Fresenius Medical Care AG (XSWX:FME) 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.
Fresenius Medical Care AG Forward Rate of Return (Yacktman) % Related Terms
Fresenius Medical Care AG Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Fresenius Medical Care AG'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.
Fresenius Medical Care AG Forward Rate of Return (Yacktman) % Chart
XSWX:FME vs HCA, THC, DVA: Forward Rate of Return (Yacktman) % Comparison
For the Medical Care Facilities subindustry, Fresenius Medical Care AG'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.
Fresenius Medical Care AG Forward Rate of Return (Yacktman) % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Fresenius Medical Care AG's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Fresenius Medical Care AG's Forward Rate of Return (Yacktman) % falls into.
Fresenius Medical Care AG 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 10.01% mean?
Fresenius Medical Care AG (XSWX:FME) has a Forward Rate of Return (Yacktman) % of 10.01% 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 Fresenius Medical Care AG and its competitors. This is 30% below median its historical median of 14.23. Over the past decade, Fresenius Medical Care AG's Forward Rate of Return (Yacktman) % has ranged from 4.91 to 23.75. According to the industry distribution chart, Fresenius Medical Care AG ranks #198 out of 341 companies in the Healthcare Providers & Services industry, placing it in the top 58.1%.
Is Fresenius Medical Care AG's Forward Rate of Return (Yacktman) % too high?
Fresenius Medical Care AG's current Forward Rate of Return (Yacktman) % of 10.01% is 30% below median its 10-year median of 14.23. Over the past 10 years, this metric has ranged from a low of 4.91 to a high of 23.75. The Healthcare Providers & Services industry median Forward Rate of Return (Yacktman) % is 12.23. Fresenius Medical Care AG's value of 10.01% is 18.2% below this industry median. Based on the distribution chart, Fresenius Medical Care AG ranks #198 out of 341 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, Fresenius Medical Care AG has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Fresenius Medical Care AG's Forward Rate of Return (Yacktman) % compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Fresenius Medical Care AG ranks #198 out of 341 companies for Forward Rate of Return (Yacktman) %. This places Fresenius Medical Care AG in the lower half of its industry. The industry median Forward Rate of Return (Yacktman) % is 12.23. Fresenius Medical Care AG's value of 10.01% is 18.2% below this benchmark. Historically, Fresenius Medical Care AG's own Forward Rate of Return (Yacktman) % has ranged from 4.91 to 23.75 over the past decade. While the company's 10-year median is 14.23 vs. the industry median of 12.23, Fresenius Medical Care AG has consistently been below 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 Healthcare Providers & Services company?
The median Forward Rate of Return (Yacktman) % among Healthcare Providers & Services companies is 12.23, based on 341 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. Fresenius Medical Care AG's current Forward Rate of Return (Yacktman) % of 10.01% is 18.2% below 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 Fresenius Medical Care AG and its competitors. For the Healthcare Providers & Services industry, the median Forward Rate of Return (Yacktman) % is 12.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fresenius Medical Care AG's current Forward Rate of Return (Yacktman) % is 10.01%, which is 30% below median its own 10-year median of 14.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fresenius Medical Care AG stock overvalued right now?
Fresenius Medical Care AG (XSWX:FME) has a current Forward Rate of Return (Yacktman) % of 10.01%. The stock's GF Value™ is CHF37.64, compared to a current price of CHF39.25 — trading 4.3% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 10.01%, which is 30% below median its 10-year median of 14.23 and 18.2% below the Healthcare Providers & Services industry median of 12.23. Fresenius Medical Care AG's overall GF Score™ is 75/100 with 4 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 Fresenius Medical Care AG (XSWX:FME), the current Forward Rate of Return (Yacktman) % is 10.01% 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 Fresenius Medical Care AG (XSWX:FME) Overvalued in 2026?
Based on GuruFocus' analysis, Fresenius Medical Care AG stock appears to be overvalued.
The current stock price of CHF39.25 is trading 4.3% above its estimated GF Value™ of CHF37.64.
Key valuation signals for XSWX:FME:
Forward Rate of Return (Yacktman) %: 10.01% (30% below median its 10-year median of 14.23)
GF Value™: CHF37.64 vs. price of CHF39.25 (4.3% above fair value)
Industry Position: 18.2% below the Healthcare Providers & Services median (#198 of 341)
No single metric tells the full story. See the XSWX:FME stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fresenius Medical Care is the largest dialysis company in the world, treating nearly 300,000 patients from about 3,600 clinics worldwide as of December 2025. In addition to providing dialysis services, the firm is a leading supplier of dialysis products, including machines, dialyzers, and concentrates. Fresenius accounts for about 35% of the global dialysis products market, creating the world's only fully integrated dialysis business. Services account for about three-fourths of sales, while the balance is generated from medical technology products that enable dialysis treatments.
75GF Score
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