Thanulux PCL (BKK:TNL) Dividend Payout Ratio: 1.62 (As of Mar. 2026) — 195% Above Median

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Valuation Fairly Valued

6 Warning Signs

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What is Thanulux PCL Dividend Payout Ratio?

Thanulux PCL BKK:TNL 59 Dividend Payout Ratio is 1.62 as of Mar. 2026, which is 195% above its 10-year median of 0.55. GuruFocus rates BKK:TNL with a GF Score™ of 59/100 and a GF Value™ of ฿17.16 (Fairly Valued). The stock has 6 warning signs investors should review. Among 195 Credit Services companies, Thanulux PCL ranks worse than 92.82% 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. Thanulux PCL's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.62.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Thanulux PCL is 0.85, which seems too high.

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

BKK:TNL' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.14 Med: 0.55 Max: 6.09
Current: 0.85

During the past 13 years, the highest Dividend Payout Ratio of Thanulux PCL was 6.09. The lowest was 0.14. And the median was 0.55.

BKK:TNL's Dividend Payout Ratio is ranked worse than
92.82% of 195 companies
in the Credit Services industry
Industry Median: 0.32 vs BKK:TNL: 0.85

As of today (2026-07-24), the Dividend Yield % of Thanulux PCL is 3.21%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Thanulux PCL was 5.77%. The lowest was 0.32%. And the median was 2.24%.

Thanulux PCL's Dividends per Share for the months ended in Mar. 2026 was ฿0.60.

During the past 12 months, Thanulux PCL's average Dividends Per Share Growth Rate was 233.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -7.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 5.50% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -12.70% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Thanulux PCL was 62.40% per year. The lowest was -59.40% per year. And the median was -4.90% 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.

Thanulux PCL (BKK:TNL) 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.

Thanulux PCL Dividend Payout Ratio Related Terms

Thanulux PCL Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Thanulux 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.

Thanulux PCL Dividend Payout Ratio Chart

Thanulux PCL Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.14

0.67

0.27

0.33

Thanulux 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															0.00	1.82	0.00	0.00	1.62

BKK:TNL vs V, MA, AXP: Dividend Payout Ratio Comparison

For the Credit Services subindustry, Thanulux 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.

Thanulux PCL Dividend Payout Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Thanulux PCL's Dividend Payout Ratio distribution charts can be found below:

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

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59GF Score

Thanulux PCL BKK:TNL

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

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Thanulux PCL Dividend Payout Ratio Calculation

Thanulux 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 )
	=	0.4	/	1.206
	=	0.33

Thanulux 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 )
	=	0.6	/	0.37
	=	1.62

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.62 mean?

Thanulux PCL (BKK:TNL) has a Dividend Payout Ratio of 1.62 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Thanulux PCL and its competitors. This is 195% above median its historical median of 0.55. Over the past decade, Thanulux PCL's Dividend Payout Ratio has ranged from 0.14 to 6.09. According to the industry distribution chart, Thanulux PCL ranks #181 out of 195 companies in the Credit Services industry, placing it in the top 92.8%.

Is Thanulux PCL's Dividend Payout Ratio too high?

Thanulux PCL's current Dividend Payout Ratio of 1.62 is 195% above median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 6.09. The Credit Services industry median Dividend Payout Ratio is 0.32. Thanulux PCL's value of 1.62 is 406.3% above this industry median. Based on the distribution chart, Thanulux PCL ranks #181 out of 195 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, Thanulux PCL has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Thanulux PCL's Dividend Payout Ratio compare to V and MA?

According to the Credit Services industry distribution chart, Thanulux PCL ranks #181 out of 195 companies for Dividend Payout Ratio. This places Thanulux PCL in the lower half of its industry. The industry median Dividend Payout Ratio is 0.32. Thanulux PCL's value of 1.62 is 406.3% above this benchmark. Historically, Thanulux PCL's own Dividend Payout Ratio has ranged from 0.14 to 6.09 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 0.32, Thanulux 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 Credit Services company?

The median Dividend Payout Ratio among Credit Services companies is 0.32, based on 195 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. Thanulux PCL's current Dividend Payout Ratio of 1.62 is 406.3% 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 Thanulux PCL and its competitors. For the Credit Services industry, the median Dividend Payout Ratio is 0.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thanulux PCL's current Dividend Payout Ratio is 1.62, which is 195% above median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Thanulux PCL stock overvalued right now?

Based on GuruFocus' analysis, Thanulux PCL (BKK:TNL) is currently considered Fairly Valued. The stock's GF Value™ is ฿17.16, compared to a current price of ฿18.70 — trading 9% above its estimated fair value. The current Dividend Payout Ratio is 1.62, which is 195% above median its 10-year median of 0.55 and 406.3% above the Credit Services industry median of 0.32. Thanulux PCL's overall GF Score™ is 59/100 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 Thanulux PCL (BKK:TNL), the current Dividend Payout Ratio is 1.62 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 Thanulux PCL (BKK:TNL) Overvalued in 2026?

Based on GuruFocus' analysis, Thanulux PCL stock appears to be overvalued. The current stock price of ฿18.70 is trading 9% above its estimated GF Value™ of ฿17.16. GuruFocus considers Thanulux PCL to be Fairly Valued.

Key valuation signals for BKK:TNL:

Dividend Payout Ratio: 1.62 (195% above median its 10-year median of 0.55)
GF Value™: ฿17.16 vs. price of ฿18.70 (9% above fair value)
GF Score™: 59/100 with 6 warning signs
Industry Position: 406.3% above the Credit Services median (#181 of 195)

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

Thanulux PCL Business Description

Industry Financial Services Credit Services

Comparable Companies BKK:SAK BKK:ASK BKK:SINGER BKK:NCAP BKK:HENG BKK:SGC BKK:S11 BKK:TK BKK:ML BKK:CHAYO V MA AXP COF BOM:500034 PYPL AFRM SYF NSE:SHRIRAMFIN SOFI

Address 129/1, Chongnonthri Road, Chongnonsi, Yannawa, Bangkok, THA, 10120

Website https://www.thanulux.com

Thanulux PCL is principally engaged in an investment holding company. The group's business operation involves four principal segments: Investing business, Secured Lending business, Assets Management business, Financial Advisory business and Real Estate Development business. The majority of its revenue is generated from the Investing business.

59GF Score

Get the complete analysis for BKK:TNL

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

฿18.70

Price

฿17.16

GF Value

View BKK:TNL Analysis

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