Tipco Asphalt PCL (BKK:TASCO-R) Dividend Payout Ratio: 0.49 (As of Mar. 2026) — 40% Below Median

What is Tipco Asphalt PCL Dividend Payout Ratio?

Tipco Asphalt PCL BKK:TASCO-R 83 Dividend Payout Ratio is 0.49 as of Mar. 2026, which is 40% below its 10-year median of 0.82. GuruFocus rates BKK:TASCO-R with a GF Score™ of 83/100 and a GF Value™ of ฿13.22. The stock has 6 warning signs investors should review. Among 209 Building Materials companies, Tipco Asphalt PCL ranks worse than 87.08% 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. Tipco Asphalt PCL's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.49.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Tipco Asphalt PCL is 1.13, which seems too high.

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

BKK:TASCO-R' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.45 Med: 0.82 Max: 2.26
Current: 1.13

During the past 13 years, the highest Dividend Payout Ratio of Tipco Asphalt PCL was 2.26. The lowest was 0.45. And the median was 0.82.

BKK:TASCO-R's Dividend Payout Ratio is ranked worse than
87.08% of 209 companies
in the Building Materials industry
Industry Median: 0.38 vs BKK:TASCO-R: 1.13

As of today (2026-06-24), the Dividend Yield % of Tipco Asphalt PCL is 7.64%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Tipco Asphalt PCL was 13.28%. The lowest was 1.40%. And the median was 6.30%.

Tipco Asphalt PCL's Dividends per Share for the months ended in Mar. 2026 was ฿0.20.

During the past 12 months, Tipco Asphalt PCL's average Dividends Per Share Growth Rate was 11.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 17.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -1.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 8.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Tipco Asphalt PCL was 108.00% per year. The lowest was -9.70% per year. And the median was 14.50% 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.

Tipco Asphalt PCL (BKK:TASCO-R) 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.

Tipco Asphalt PCL Dividend Payout Ratio Related Terms

Tipco Asphalt PCL Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Tipco Asphalt PCL'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.

Tipco Asphalt PCL Dividend Payout Ratio Chart

Tipco Asphalt PCL Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.72

0.56

0.92

1.17

2.26

Tipco Asphalt PCL 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															3.36	0.00	0.00	8.51	0.49

BKK:TASCO-R vs CRH, VMC, MLM: Dividend Payout Ratio Comparison

For the Building Materials subindustry, Tipco Asphalt PCL'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.

Tipco Asphalt PCL Dividend Payout Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Tipco Asphalt PCL's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Tipco Asphalt PCL's Dividend Payout Ratio falls into.

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83GF Score

Tipco Asphalt PCL BKK:TASCO-R

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Tipco Asphalt PCL Dividend Payout Ratio Calculation

Tipco Asphalt PCL's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	1.7	/	0.751
	=	2.26

Tipco Asphalt PCL'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 )
	=	0.2	/	0.412
	=	0.49

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.49 mean?

Tipco Asphalt PCL (BKK:TASCO-R) has a Dividend Payout Ratio of 0.49 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Tipco Asphalt PCL and its competitors. This is 40% below median its historical median of 0.82. Over the past decade, Tipco Asphalt PCL's Dividend Payout Ratio has ranged from 0.45 to 2.26. According to the industry distribution chart, Tipco Asphalt PCL ranks #182 out of 209 companies in the Building Materials industry, placing it in the top 87.1%.

Is Tipco Asphalt PCL's Dividend Payout Ratio too high?

Tipco Asphalt PCL's current Dividend Payout Ratio of 0.49 is 40% below median its 10-year median of 0.82. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 2.26. The Building Materials industry median Dividend Payout Ratio is 0.38. Tipco Asphalt PCL's value of 0.49 is 28.9% above this industry median. Based on the distribution chart, Tipco Asphalt PCL ranks #182 out of 209 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Tipco Asphalt PCL has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.

How does Tipco Asphalt PCL's Dividend Payout Ratio compare to CRH and VMC?

According to the Building Materials industry distribution chart, Tipco Asphalt PCL ranks #182 out of 209 companies for Dividend Payout Ratio. This places Tipco Asphalt PCL in the lower half of its industry. The industry median Dividend Payout Ratio is 0.38. Tipco Asphalt PCL's value of 0.49 is 28.9% above this benchmark. Historically, Tipco Asphalt PCL's own Dividend Payout Ratio has ranged from 0.45 to 2.26 over the past decade. While the company's 10-year median is 0.82 vs. the industry median of 0.38, Tipco Asphalt PCL 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 Building Materials company?

The median Dividend Payout Ratio among Building Materials companies is 0.38, based on 209 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. Tipco Asphalt PCL's current Dividend Payout Ratio of 0.49 is 28.9% 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 Tipco Asphalt PCL and its competitors. For the Building Materials industry, the median Dividend Payout Ratio is 0.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tipco Asphalt PCL's current Dividend Payout Ratio is 0.49, which is 40% below median its own 10-year median of 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Tipco Asphalt PCL stock overvalued right now?

Tipco Asphalt PCL (BKK:TASCO-R) has a current Dividend Payout Ratio of 0.49. The stock's GF Value™ is ฿13.22, compared to a current price of ฿13.09 — trading 1% below its estimated fair value. The current Dividend Payout Ratio is 0.49, which is 40% below median its 10-year median of 0.82 and 28.9% above the Building Materials industry median of 0.38. Tipco Asphalt PCL's overall GF Score™ is 83/100 with 6 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 Tipco Asphalt PCL (BKK:TASCO-R), the current Dividend Payout Ratio is 0.49 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 Tipco Asphalt PCL (BKK:TASCO-R) Overvalued in 2026?

Based on GuruFocus' analysis, Tipco Asphalt PCL stock appears to be undervalued. The current stock price of ฿13.09 is trading 1% below its estimated GF Value™ of ฿13.22.

Key valuation signals for BKK:TASCO-R:

Dividend Payout Ratio: 0.49 (40% below median its 10-year median of 0.82)
GF Value™: ฿13.22 vs. price of ฿13.09 (1% below fair value)
GF Score™: 83/100 with 6 warning signs
Industry Position: 28.9% above the Building Materials median (#182 of 209)

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

Tipco Asphalt PCL Business Description

Industry Basic Materials Building Materials

Comparable Companies BKK:TPIPL BKK:SCGD BKK:SCP BKK:DCON BKK:STECH BKK:CCP BKK:WINDOW BKK:SMART BKK:YONG BKK:STC CRH XSWX:HOLN XTER:HEI VMC BOM:532538 MLM XSWX:AMRZ SHSE:600176 NSE:GRASIM MEX:CEMEXCPO

Other Exchanges TASCO:Thailand NVP5:Germany

Address 118/1 Rama 6 Road, Tipco Tower 1, Phayathai Sub District, Phayathai District, Bangkok, THA, 10400

Website https://www.tipcoasphalt.com

Tipco Asphalt PCL is engaged in the production and sale of asphalt and petroleum-related products, as well as the provision of construction materials and related services. The company operates through two reportable segments: the Construction segment and the Manufacturing and Trading segment. The Construction segment conducts construction services related to highway construction and road rehabilitation in Thailand. The Manufacturing and Trading segment is involved in the manufacturing and trading of asphalt, petroleum oil products, and asphalt concrete in both domestic and overseas markets, supported by marine logistics operations. It generates the majority of its revenue from the Manufacturing and Trading segment.

83GF Score

Get the complete analysis for BKK:TASCO-R

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿13.09

Price

฿13.22

GF Value

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