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Intershop Holding AGXSWX:ISN -0.88%67 Forward Rate of Return (Yacktman) % is 13.38% as of Dec. 2025, which is 22% above its 10-year median of 11.01. GuruFocus rates XSWX:ISN with a GF Score™ of 67/100 and a GF Value™ of CHF166.90 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,312 Real Estate companies, Intershop Holding AG ranks better than 61.97% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Intershop Holding AG's forward rate of return for was 13.38%.
The historical rank and industry rank for Intershop Holding AG's Forward Rate of Return (Yacktman) % or its related term are showing as below:
XSWX:ISN'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 5.39 Med: 11.01 Max: 18.32
Current: 13.43
During the past 13 years, Intershop Holding AG's highest Forward Rate of Return was 18.32. The lowest was 5.39. And the median was 11.01.
XSWX:ISN's Forward Rate of Return (Yacktman) % is ranked better than 61.97% of 1312
companies
in the Real Estate industry
Industry Median: 6.605
vs XSWX:ISN: 13.43
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.
Intershop Holding AG (XSWX:ISN) 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.
Intershop Holding AG Forward Rate of Return (Yacktman) % Related Terms
Intershop Holding AG Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Intershop Holding 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.
Intershop Holding AG Forward Rate of Return (Yacktman) % Chart
XSWX:ISN vs CBRE, BEKE, JLL: Forward Rate of Return (Yacktman) % Comparison
For the Real Estate Services subindustry, Intershop Holding 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.
Intershop Holding AG Forward Rate of Return (Yacktman) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Intershop Holding AG's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Intershop Holding AG's Forward Rate of Return (Yacktman) % falls into.
Intershop Holding 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 13.38% mean?
Intershop Holding AG (XSWX:ISN) has a Forward Rate of Return (Yacktman) % of 13.38% as of Dec. 2025. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Intershop Holding AG and its competitors. This is 22% above median its historical median of 11.01. Over the past decade, Intershop Holding AG's Forward Rate of Return (Yacktman) % has ranged from 5.39 to 18.32. According to the industry distribution chart, Intershop Holding AG ranks #499 out of 1312 companies in the Real Estate industry, placing it in the top 38%.
Is Intershop Holding AG's Forward Rate of Return (Yacktman) % too high?
Intershop Holding AG's current Forward Rate of Return (Yacktman) % of 13.38% is 22% above median its 10-year median of 11.01. Over the past 10 years, this metric has ranged from a low of 5.39 to a high of 18.32. The Real Estate industry median Forward Rate of Return (Yacktman) % is 6.61. Intershop Holding AG's value of 13.38% is 102.6% above this industry median. Based on the distribution chart, Intershop Holding AG ranks #499 out of 1312 companies in the Real Estate industry, which is above the industry midpoint. Overall, Intershop Holding AG has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Intershop Holding AG's Forward Rate of Return (Yacktman) % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Intershop Holding AG ranks #499 out of 1312 companies for Forward Rate of Return (Yacktman) %. This puts Intershop Holding AG in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 6.61. Intershop Holding AG's value of 13.38% is 102.6% above this benchmark. Historically, Intershop Holding AG's own Forward Rate of Return (Yacktman) % has ranged from 5.39 to 18.32 over the past decade. While the company's 10-year median is 11.01 vs. the industry median of 6.61, Intershop Holding AG 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 Real Estate company?
The median Forward Rate of Return (Yacktman) % among Real Estate companies is 6.61, based on 1,312 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. Intershop Holding AG's current Forward Rate of Return (Yacktman) % of 13.38% is 102.6% 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 Intershop Holding AG and its competitors. For the Real Estate industry, the median Forward Rate of Return (Yacktman) % is 6.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Intershop Holding AG's current Forward Rate of Return (Yacktman) % is 13.38%, which is 22% above median its own 10-year median of 11.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intershop Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Intershop Holding AG (XSWX:ISN) is currently considered Fairly Valued. The stock's GF Value™ is CHF166.90, compared to a current price of CHF158.20 — trading 5.2% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 13.38%, which is 22% above median its 10-year median of 11.01 and 102.6% above the Real Estate industry median of 6.61. Intershop Holding AG's overall GF Score™ is 67/100 with 7 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 Intershop Holding AG (XSWX:ISN), the current Forward Rate of Return (Yacktman) % is 13.38% as of Dec. 2025. 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 Intershop Holding AG (XSWX:ISN) Overvalued in 2026?
Based on GuruFocus' analysis, Intershop Holding AG stock appears to be undervalued.
The current stock price of CHF158.20 is trading 5.2% below its estimated GF Value™ of CHF166.90.
GuruFocus considers Intershop Holding AG to be Fairly Valued.
Key valuation signals for XSWX:ISN:
Forward Rate of Return (Yacktman) %: 13.38% (22% above median its 10-year median of 11.01)
GF Value™: CHF166.90 vs. price of CHF158.20 (5.2% below fair value)
Industry Position: 102.6% above the Real Estate median (#499 of 1312)
No single metric tells the full story. See the XSWX:ISN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Intershop Holding AG is a Switzerland-based company that is principally engaged in Swiss commercial real estate business. The company's property portfolio is mainly located in the main business regions of Switzerland, especially in Zurich, Bern, and Geneva. The company's property portfolio consists of office property, education property, property for light industrial/logistics, retail property, residential property, and parking property, with office property and property for light industrial/logistics accounting for over two thirds of the total property portfolio.
67GF Score
Get the complete analysis for XSWX:ISN
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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