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ESPECTSE:6859 -2.45%90 Forward Dividend Yield % is 3.43% as of Jul. 18, 2026. GuruFocus rates TSE:6859 with a GF Score™ of 90/100 and a GF Value™ of 円3,177.58 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,370 Hardware companies, ESPEC ranks better than 73.58% on this metric.
As of today (2026-07-18), the Forward Annual Dividend Yield of ESPEC is 3.43%.
As of today (2026-07-18), the Trailing Annual Dividend Yield of ESPEC is 2.82%.
TSE:6859's Forward Dividend Yield % is ranked better than 73.58% of 1370
companies
in the Hardware industry
Industry Median: 1.67
vs TSE:6859: 3.43
During the past 12 months, ESPEC's average Dividends Per Share Growth Rate was 21.10% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 20.90% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 21.50% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 10.50% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of ESPEC was 71.00% per year. The lowest was -12.00% per year. And the median was 20.90% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
TSE:6859 vs COHR, KEYS, GRMN: Forward Dividend Yield % Comparison
For the Scientific & Technical Instruments subindustry, ESPEC's Forward Dividend Yield %, along with its competitors' market caps and Forward Dividend Yield % 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.
ESPEC Forward Dividend Yield % vs Hardware Industry
For the Hardware industry and Technology sector, ESPEC's Forward Dividend Yield % distribution charts can be found below:
* The bar in red indicates where ESPEC's Forward Dividend Yield % falls into.
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
ESPEC Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
JPY 70.000000
2026-03-30
2026-03-31
2026-06-29
Cash Dividend
semi-annually
JPY:JPY 1.000000
JPY 45.000000
2025-09-29
2025-09-30
2025-12-11
Cash Dividend
semi-annually
JPY:JPY 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
ESPEC's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
140
/
3980.00
=
3.52 %
Current Share Price is 円3980.00. ESPEC's Dividends per Share for the forward twelve months is calculated as 円70 * 2 = 円140.
ESPEC's Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual Dividend Yield
=
Most Recent Full Year Dividend
/
Current Share Price
=
115
/
3980.00
=
2.89 %
Current Share Price is 円3980.00. ESPEC's Dividends per Share for the trailing twelve months (TTM) ended in Today is 円115.
* 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 Dividend Yield % of 3.43% mean?
ESPEC (TSE:6859) has a Forward Dividend Yield % of 3.43% as of Jul. 18, 2026. Forward dividend yield is the ratio of company's expected dividends to the share price. View historical data on ESPEC and its competitors. According to the industry distribution chart, ESPEC ranks #362 out of 1370 companies in the Hardware industry, placing it in the top 26.4%.
Is ESPEC's Forward Dividend Yield % too high?
ESPEC's current Forward Dividend Yield % is 3.43%. The Hardware industry median Forward Dividend Yield % is 1.67. ESPEC's value of 3.43% is 105.4% above this industry median. Based on the distribution chart, ESPEC ranks #362 out of 1370 companies in the Hardware industry, which is above the industry midpoint. Overall, ESPEC has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ESPEC's Forward Dividend Yield % compare to COHR and KEYS?
According to the Hardware industry distribution chart, ESPEC ranks #362 out of 1370 companies for Forward Dividend Yield %. This puts ESPEC in the upper half of its industry. The industry median Forward Dividend Yield % is 1.67. ESPEC's value of 3.43% is 105.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward Dividend Yield % for a Hardware company?
The median Forward Dividend Yield % among Hardware companies is 1.67, based on 1,370 companies in the industry. Companies in the top quartile (top 25%) have a Forward Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Forward Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ESPEC's current Forward Dividend Yield % of 3.43% is 105.4% 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 Dividend Yield % mean?
A high Forward Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Forward dividend yield is the ratio of company's expected dividends to the share price. View historical data on ESPEC and its competitors. For the Hardware industry, the median Forward Dividend Yield % is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ESPEC's current Forward Dividend Yield % is 3.43%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ESPEC stock overvalued right now?
Based on GuruFocus' analysis, ESPEC (TSE:6859) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,177.58, compared to a current price of 円3,980.00 — trading 25.3% above its estimated fair value. The current Forward Dividend Yield % is 3.43% and 105.4% above the Hardware industry median of 1.67. ESPEC's overall GF Score™ is 90/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward Dividend Yield % calculated?
Forward Dividend Yield % is calculated from a company's financial statements. For ESPEC (TSE:6859), the current Forward Dividend Yield % is 3.43% as of Jul. 18, 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 ESPEC (TSE:6859) Overvalued in 2026?
Based on GuruFocus' analysis, ESPEC stock appears to be overvalued.
The current stock price of 円3,980.00 is trading 25.3% above its estimated GF Value™ of 円3,177.58.
GuruFocus considers ESPEC to be Modestly Overvalued.
Key valuation signals for TSE:6859:
Forward Dividend Yield %: 3.43%
GF Value™: 円3,177.58 vs. price of 円3,980.00 (25.3% above fair value)
Industry Position: 105.4% above the Hardware median (#362 of 1370)
No single metric tells the full story. See the TSE:6859 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ESPEC Corp is a Japanese manufacturer of environmental test chambers. It is engaged in the business divisions of Equipment business, Service business and Other business. In the Equipment business, the company offers environmental test chambers, secondary battery-related equipment, measurement and evaluation systems and semiconductor-related equipment. In the Service business, the entity offers after-sales service and engineering, laboratory testing services and other services. The organization offers its products in Japan and other countries.
90GF Score
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