Thai Group Holdings PCL (BKK:TGH) Dividend Payout Ratio: 0.29 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:TGH Thai Group Holdings PCL BKK:TGH
60 GF Score
Price ฿10.70
GF Value ฿12.55
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Thai Group Holdings PCL Dividend Payout Ratio?

Thai Group Holdings PCL BKK:TGH +1.90% 60 Dividend Payout Ratio is 0.29 as of Jun. 2026. GuruFocus rates BKK:TGH with a GF Score™ of 60/100 and a GF Value™ of ฿12.55 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 328 Insurance companies, Thai Group Holdings PCL ranks better than 77.13% 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. Thai Group Holdings PCL's Dividend Payout Ratio for the months ended in Jun. 2026 was 0.29.

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

BKK:TGH' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0.2
Current: 0.2


During the past 8 years, the highest Dividend Payout Ratio of Thai Group Holdings PCL was 0.20. The lowest was 0.00. And the median was 0.00.

BKK:TGH's Dividend Payout Ratio is ranked better than
77.13% of 328 companies
in the Insurance industry
Industry Median: 0.385 vs BKK:TGH: 0.20

As of today (2026-09-10), the Dividend Yield % of Thai Group Holdings PCL is 0.93%.

During the past 8 years, the highest Trailing Annual Dividend Yield of Thai Group Holdings PCL was 3.06%. The lowest was 0.83%. And the median was 1.91%.

Thai Group Holdings PCL's Dividends per Share for the months ended in Jun. 2026 was ฿0.10.

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.


Thai Group Holdings PCL (BKK:TGH) 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.


Thai Group Holdings PCL Dividend Payout Ratio Related Terms


Thai Group Holdings PCL Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Thai Group Holdings 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.

Thai Group Holdings PCL Dividend Payout Ratio Chart

Thai Group Holdings PCL Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

Thai Group Holdings PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.29

BKK:TGH vs BRK.A, AIG, HIG: Dividend Payout Ratio Comparison

For the Insurance - Diversified subindustry, Thai Group Holdings 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.


Thai Group Holdings PCL Dividend Payout Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Thai Group Holdings PCL's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Thai Group Holdings PCL's Dividend Payout Ratio falls into.


BKK:TGH
60GF Score
Thai Group Holdings PCL BKK:TGH
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thai Group Holdings PCL Dividend Payout Ratio Calculation

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.

Thai Group Holdings 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 )/ Earnings per Share (Diluted) (A: Dec. 2025 )
=0/ 1.43
=0.00

Thai Group Holdings PCL's Dividend Payout Ratio for the quarter that ended in Jun. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Jun. 2026 )/ Earnings per Share (Diluted) (Q: Jun. 2026 )
=0.1/ 0.34
=0.29

* 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.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.29 mean?
Thai Group Holdings PCL (BKK:TGH) has a Dividend Payout Ratio of 0.29 as of Jun. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Thai Group Holdings PCL and its competitors. According to the industry distribution chart, Thai Group Holdings PCL ranks #75 out of 328 companies in the Insurance industry, placing it in the top 22.9%.
Is Thai Group Holdings PCL's Dividend Payout Ratio too high?
Thai Group Holdings PCL's current Dividend Payout Ratio is 0.29. The Insurance industry median Dividend Payout Ratio is 0.39. Thai Group Holdings PCL's value of 0.29 is 24.7% below this industry median. Based on the distribution chart, Thai Group Holdings PCL ranks #75 out of 328 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Thai Group Holdings PCL has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thai Group Holdings PCL's Dividend Payout Ratio compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Thai Group Holdings PCL ranks #75 out of 328 companies for Dividend Payout Ratio. This places Thai Group Holdings PCL in the top 23% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.39. Thai Group Holdings PCL's value of 0.29 is 24.7% below this benchmark. 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 an Insurance company?
The median Dividend Payout Ratio among Insurance companies is 0.39, based on 328 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. Thai Group Holdings PCL's current Dividend Payout Ratio of 0.29 is 24.7% below 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 Thai Group Holdings PCL and its competitors. For the Insurance industry, the median Dividend Payout Ratio is 0.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Group Holdings PCL's current Dividend Payout Ratio is 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Group Holdings PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Group Holdings PCL (BKK:TGH) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿12.55, compared to a current price of ฿10.70 — trading 14.7% below its estimated fair value. The current Dividend Payout Ratio is 0.29 and 24.7% below the Insurance industry median of 0.39. Thai Group Holdings PCL's overall GF Score™ is 60/100 with 8 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 Thai Group Holdings PCL (BKK:TGH), the current Dividend Payout Ratio is 0.29 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 Thai Group Holdings PCL (BKK:TGH) Overvalued in 2026?

Based on GuruFocus' analysis, Thai Group Holdings PCL stock appears to be undervalued. The current stock price of ฿10.70 is trading 14.7% below its estimated GF Value™ of ฿12.55. GuruFocus considers Thai Group Holdings PCL to be Modestly Undervalued.

Key valuation signals for BKK:TGH:

  • Dividend Payout Ratio: 0.29
  • GF Value™: ฿12.55 vs. price of ฿10.70 (14.7% below fair value)
  • GF Score™: 60/100 with 8 warning signs
  • Industry Position: 24.7% below the Insurance median (#75 of 328)

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


Thai Group Holdings PCL Business Description

Address Silom Road, 315 Thai Group Building, 12th Floor, Silom, Bangrak, Bangkok, THA, 10500
Thai Group Holdings PCL is a Thailand-based holding company. The principal activities of the group are underwriting life assurance, underwriting non-life insurance, leasing, hire purchase services, lending, and sales of second-hand cars. It operates in four segments: Life Insurance business, Non - Life insurance business, Financial service business, and Other businesses. The vast majority of the revenues are generated from the Life insurance business segment. The company is managed and operates principally in Thailand.
60GF Score

Get the complete analysis for BKK:TGH

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

฿10.70
Price
฿12.55
GF Value