TM (Toyota Motor) Dividend Payout Ratio: 1.13 (As of Mar. 2026) — 265% Above Median

What is Toyota Motor Dividend Payout Ratio?

Toyota Motor TM -0.75% 81 Dividend Payout Ratio is 1.13 as of Mar. 2026, which is 265% above its 10-year median of 0.31. GuruFocus rates TM with a GF Score™ of 81/100 and a GF Value™ of $209.97 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 776 Vehicles & Parts companies, Toyota Motor ranks better than 50.26% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Toyota Motor's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.13.

The historical rank and industry rank for Toyota Motor's Dividend Payout Ratio or its related term are showing as below:

TM' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.22 Med: 0.31 Max: 0.36
Current: 0.35

During the past 13 years, the highest Dividend Payout Ratio of Toyota Motor was 0.36. The lowest was 0.22. And the median was 0.31.

TM's Dividend Payout Ratio is ranked better than
50.26% of 776 companies
in the Vehicles & Parts industry
Industry Median: 0.36 vs TM: 0.35

As of today (2026-06-25), the Dividend Yield % of Toyota Motor is 3.60%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Toyota Motor was 4.15%. The lowest was 1.68%. And the median was 3.00%.

Toyota Motor's Dividends per Share for the months ended in Mar. 2026 was $3.16.

During the past 12 months, Toyota Motor's average Dividends Per Share Growth Rate was 5.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 16.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 16.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 9.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Toyota Motor was 58.70% per year. The lowest was -29.10% per year. And the median was 6.60% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Toyota Motor (NYSE:TM) Dividend Payout Ratio Explanation

In dividends investing, Dividend 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.

Toyota Motor Dividend Payout Ratio Related Terms

Toyota Motor Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Toyota Motor's Dividend Payout Ratio 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.

Toyota Motor Dividend Payout Ratio Chart

Toyota Motor Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Dividend Payout Ratio

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0.27

0.35

0.21

0.28

0.35

Toyota Motor Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.80	0.00	0.69	0.00	1.13

TM vs TSLA, GM, F: Dividend Payout Ratio Comparison

For the Auto Manufacturers subindustry, Toyota Motor's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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.

Toyota Motor Dividend Payout Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Toyota Motor's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Toyota Motor's Dividend Payout Ratio falls into.

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Toyota Motor Corp TM

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Toyota Motor Dividend Payout Ratio Calculation

Toyota Motor's Dividend Payout Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Mar. 2026 )	/	EPS without NRI (A: Mar. 2026 )
	=	5.842	/	16.637
	=	0.35

Toyota Motor's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	3.156	/	2.804
	=	1.13

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.13 mean?

Toyota Motor (TM) has a Dividend Payout Ratio of 1.13 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Toyota Motor and its competitors. This is 265% above median its historical median of 0.31. Over the past decade, Toyota Motor's Dividend Payout Ratio has ranged from 0.22 to 0.36. According to the industry distribution chart, Toyota Motor ranks #386 out of 776 companies in the Vehicles & Parts industry, placing it in the top 49.7%.

Is Toyota Motor's Dividend Payout Ratio too high?

Toyota Motor's current Dividend Payout Ratio of 1.13 is 265% above median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 0.36. The Vehicles & Parts industry median Dividend Payout Ratio is 0.36. Toyota Motor's value of 1.13 is 213.9% above this industry median. Based on the distribution chart, Toyota Motor ranks #386 out of 776 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Toyota Motor has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Toyota Motor's Dividend Payout Ratio compare to TSLA and GM?

According to the Vehicles & Parts industry distribution chart, Toyota Motor ranks #386 out of 776 companies for Dividend Payout Ratio. This puts Toyota Motor in the upper half of its industry. The industry median Dividend Payout Ratio is 0.36. Toyota Motor's value of 1.13 is 213.9% above this benchmark. Historically, Toyota Motor's own Dividend Payout Ratio has ranged from 0.22 to 0.36 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 0.36, Toyota Motor 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 Dividend Payout Ratio for a Vehicles & Parts company?

The median Dividend Payout Ratio among Vehicles & Parts companies is 0.36, based on 776 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Toyota Motor's current Dividend Payout Ratio of 1.13 is 213.9% 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 Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Toyota Motor and its competitors. For the Vehicles & Parts industry, the median Dividend Payout Ratio is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toyota Motor's current Dividend Payout Ratio is 1.13, which is 265% above median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Toyota Motor stock overvalued right now?

Based on GuruFocus' analysis, Toyota Motor (TM) is currently considered Modestly Undervalued. The stock's GF Value™ is $209.97, compared to a current price of $166.50 — trading 20.7% below its estimated fair value. The current Dividend Payout Ratio is 1.13, which is 265% above median its 10-year median of 0.31 and 213.9% above the Vehicles & Parts industry median of 0.36. Toyota Motor's overall GF Score™ is 81/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Toyota Motor (TM), the current Dividend Payout Ratio is 1.13 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 Toyota Motor (TM) Overvalued in 2026?

Based on GuruFocus' analysis, Toyota Motor stock appears to be undervalued. The current stock price of $166.50 is trading 20.7% below its estimated GF Value™ of $209.97. GuruFocus considers Toyota Motor to be Modestly Undervalued.

Key valuation signals for TM:

Dividend Payout Ratio: 1.13 (265% above median its 10-year median of 0.31)
GF Value™: $209.97 vs. price of $166.50 (20.7% below fair value)
GF Score™: 81/100 with 4 warning signs
Industry Position: 213.9% above the Vehicles & Parts median (#386 of 776)

No single metric tells the full story. See the TM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Toyota Motor Business Description

Industry Consumer Cyclical Vehicles & Parts

Comparable Companies TSE:7267 TSE:7269 TSE:7270 TSE:7202 TSE:7201 TSE:7272 TSE:7261 TSE:7211 TSE:7222 TSLA SZSE:002594 XKRX:005380 GM F MIL:RACE XTER:MBG XTER:VOW3 XTER:BMW XTER:P911 SZSE:000338

Other Exchanges TOYOF:USA TMN:Mexico 7203:Japan 0LG5:UK TYT:UK TOM:Germany TOYM:Canada TMCO34:Brazil TOM:Bulgaria TOM:Austria TM:Argentina

Address 1 Toyota-cho, Aichi Prefecture, Toyota, JPN, 471-8571

Website https://www.global.toyota

Founded in 1937, Toyota is one of the world's largest automakers, with 11.3 million units sold at retail in fiscal 2026, including 10.5 million across the Toyota and Lexus brands. Brands include Toyota, Lexus, Daihatsu, and truck maker Hino; market share in Japan is about 50% excluding mini-vehicles, while US share is around 14%. The firm also owns stakes in Denso, a parts supplier, about 20% of Subaru, and holds investments in many other firms, including shares of Uber Technologies, Joby Aviation, Aurora Innovation, Isuzu Motors, and about 5% in each of Mazda and Suzuki. Fiscal 2026 sales excluding financial services were JPY 46.1 trillion. Toyota also has a financing arm and manufactures homes and boats.

81GF Score

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$166.50

Price

$209.97

GF Value

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