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ZTO Express (Cayman)ZTO -0.74%94 Forward Rate of Return (Yacktman) % is 0.00% as of Jun. 2026. GuruFocus rates ZTO with a GF Score™ of 94/100 and a GF Value™ of $29.17 (Modestly Undervalued). Among 753 Transportation companies, ZTO Express (Cayman) ranks better than 84.86% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. ZTO Express (Cayman)'s forward rate of return for was 0.00%.
The historical rank and industry rank for ZTO Express (Cayman)'s Forward Rate of Return (Yacktman) % or its related term are showing as below:
ZTO'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 0.39 Med: 13.77 Max: 25.75
Current: 25.75
During the past 12 years, ZTO Express (Cayman)'s highest Forward Rate of Return was 25.75. The lowest was 0.39. And the median was 13.77.
ZTO's Forward Rate of Return (Yacktman) % is ranked better than 84.86% of 753
companies
in the Transportation industry
Industry Median: 10.55
vs ZTO: 25.75
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.
ZTO Express (Cayman) Forward Rate of Return (Yacktman) % Related Terms
ZTO Express (Cayman) Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for ZTO Express (Cayman)'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.
ZTO Express (Cayman) Forward Rate of Return (Yacktman) % Chart
ZTO vs CHRW, EXPD, FDXF: Forward Rate of Return (Yacktman) % Comparison
For the Integrated Freight & Logistics subindustry, ZTO Express (Cayman)'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.
ZTO Express (Cayman) Forward Rate of Return (Yacktman) % vs Transportation Industry
For the Transportation industry and Industrials sector, ZTO Express (Cayman)'s Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where ZTO Express (Cayman)'s Forward Rate of Return (Yacktman) % falls into.
ZTO Express (Cayman) 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 0.00% mean?
ZTO Express (Cayman) (ZTO) has a Forward Rate of Return (Yacktman) % of 0.00% 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 ZTO Express (Cayman) and its competitors. Over the past decade, ZTO Express (Cayman)'s Forward Rate of Return (Yacktman) % has ranged from 0.39 to 25.75. According to the industry distribution chart, ZTO Express (Cayman) ranks #114 out of 753 companies in the Transportation industry, placing it in the top 15.1%.
Is ZTO Express (Cayman)'s Forward Rate of Return (Yacktman) % too high?
ZTO Express (Cayman)'s current Forward Rate of Return (Yacktman) % is 0.00%. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 25.75. Based on the distribution chart, ZTO Express (Cayman) ranks #114 out of 753 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, ZTO Express (Cayman) has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ZTO Express (Cayman)'s Forward Rate of Return (Yacktman) % compare to CHRW and EXPD?
According to the Transportation industry distribution chart, ZTO Express (Cayman) ranks #114 out of 753 companies for Forward Rate of Return (Yacktman) %. This places ZTO Express (Cayman) in the top 15% of its industry — outperforming the majority of peers. The industry median Forward Rate of Return (Yacktman) % is 10.55. Historically, ZTO Express (Cayman)'s own Forward Rate of Return (Yacktman) % has ranged from 0.39 to 25.75 over the past decade. 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 Transportation company?
The median Forward Rate of Return (Yacktman) % among Transportation companies is 10.55, based on 753 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. 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 ZTO Express (Cayman) and its competitors. For the Transportation industry, the median Forward Rate of Return (Yacktman) % is 10.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZTO Express (Cayman)'s current Forward Rate of Return (Yacktman) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZTO Express (Cayman) stock overvalued right now?
Based on GuruFocus' analysis, ZTO Express (Cayman) (ZTO) is currently considered Modestly Undervalued. The stock's GF Value™ is $29.17, compared to a current price of $21.35 — trading 26.8% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 0.00%. ZTO Express (Cayman)'s overall GF Score™ is 94/100. 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 ZTO Express (Cayman) (ZTO), the current Forward Rate of Return (Yacktman) % is 0.00% 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 ZTO Express (Cayman) (ZTO) Overvalued in 2026?
Based on GuruFocus' analysis, ZTO Express (Cayman) stock appears to be undervalued.
The current stock price of $21.35 is trading 26.8% below its estimated GF Value™ of $29.17.
GuruFocus considers ZTO Express (Cayman) to be Modestly Undervalued.
Key valuation signals for ZTO:
Forward Rate of Return (Yacktman) %: 0.00%
GF Value™: $29.17 vs. price of $21.35 (26.8% below fair value)
No single metric tells the full story. See the ZTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ZTO Express is China's largest express delivery company by parcel volume, with a volume share of 19.4% in 2024. It operates a network partner model where it provides line-haul transportation and sorting services, while its local network partners provide first-mile pickup and last-mile delivery services under the ZTO brand name. Headquartered in Shanghai, the company was founded in 2002 by Meisong Lai, who remains chair, CEO, and its major shareholder with 78% voting rights as of March 31, 2025. ZTO's strategic shareholder is leading China e-commerce company Alibaba Group with around an 8.9% interest.
94GF Score
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