TQM Alpha PCL (BKK:TQM) Dividend Payout Ratio: 1.94 (As of Mar. 2026) — 140% Above Median

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TQM Alpha PCL BKK:TQM

90 GF Score

Price ฿16.60

GF Value ฿24.36

Valuation Significantly Undervalued

11 Warning Signs

View Full Analysis

What is TQM Alpha PCL Dividend Payout Ratio?

TQM Alpha PCL BKK:TQM -1.78% 90 Dividend Payout Ratio is 1.94 as of Mar. 2026, which is 140% above its 10-year median of 0.81. GuruFocus rates BKK:TQM with a GF Score™ of 90/100 and a GF Value™ of ฿24.36 (Significantly Undervalued). The stock has 11 warning signs investors should review. Among 335 Insurance companies, TQM Alpha PCL ranks worse than 91.04% 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. TQM Alpha PCL's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.94.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of TQM Alpha PCL is 0.95, which seems too high.

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

BKK:TQM' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.56 Med: 0.81 Max: 0.95
Current: 0.95

During the past 12 years, the highest Dividend Payout Ratio of TQM Alpha PCL was 0.95. The lowest was 0.56. And the median was 0.81.

BKK:TQM's Dividend Payout Ratio is ranked worse than
91.04% of 335 companies
in the Insurance industry
Industry Median: 0.38 vs BKK:TQM: 0.95

As of today (2026-07-23), the Dividend Yield % of TQM Alpha PCL is 6.63%.

During the past 12 years, the highest Trailing Annual Dividend Yield of TQM Alpha PCL was 9.26%. The lowest was 0.59%. And the median was 3.02%.

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

During the past 12 months, TQM Alpha PCL's average Dividends Per Share Growth Rate was 15.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -5.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -3.80% per year.

During the past 12 years, the highest 3-Year average Dividends Per Share Growth Rate of TQM Alpha PCL was 36.20% per year. The lowest was -9.90% per year. And the median was -3.75% 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.

TQM Alpha PCL (BKK:TQM) 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.

TQM Alpha PCL Dividend Payout Ratio Related Terms

TQM Alpha PCL Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for TQM Alpha 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.

TQM Alpha PCL Dividend Payout Ratio Chart

TQM Alpha PCL Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

Get a 7-Day Free Trial

0.83

0.86

0.74

0.70

0.81

TQM Alpha 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															1.32	0.00	1.85	0.00	1.94

BKK:TQM vs MRSH, AON, AJG: Dividend Payout Ratio Comparison

For the Insurance Brokers subindustry, TQM Alpha 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.

TQM Alpha PCL Dividend Payout Ratio vs Insurance Industry

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

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

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90GF Score

TQM Alpha PCL BKK:TQM

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

View Full Analysis

TQM Alpha PCL Dividend Payout Ratio Calculation

TQM Alpha 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	/	1.23
	=	0.81

TQM Alpha 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	/	0.31
	=	1.94

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.94 mean?

TQM Alpha PCL (BKK:TQM) has a Dividend Payout Ratio of 1.94 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on TQM Alpha PCL and its competitors. This is 140% above median its historical median of 0.81. Over the past decade, TQM Alpha PCL's Dividend Payout Ratio has ranged from 0.56 to 0.95. According to the industry distribution chart, TQM Alpha PCL ranks #305 out of 335 companies in the Insurance industry, placing it in the top 91%.

Is TQM Alpha PCL's Dividend Payout Ratio too high?

TQM Alpha PCL's current Dividend Payout Ratio of 1.94 is 140% above median its 10-year median of 0.81. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 0.95. The Insurance industry median Dividend Payout Ratio is 0.38. TQM Alpha PCL's value of 1.94 is 410.5% above this industry median. Based on the distribution chart, TQM Alpha PCL ranks #305 out of 335 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, TQM Alpha PCL has a GF Score™ of 90/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.

How does TQM Alpha PCL's Dividend Payout Ratio compare to MRSH and AON?

According to the Insurance industry distribution chart, TQM Alpha PCL ranks #305 out of 335 companies for Dividend Payout Ratio. This places TQM Alpha PCL in the lower half of its industry. The industry median Dividend Payout Ratio is 0.38. TQM Alpha PCL's value of 1.94 is 410.5% above this benchmark. Historically, TQM Alpha PCL's own Dividend Payout Ratio has ranged from 0.56 to 0.95 over the past decade. While the company's 10-year median is 0.81 vs. the industry median of 0.38, TQM Alpha 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 an Insurance company?

The median Dividend Payout Ratio among Insurance companies is 0.38, based on 335 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. TQM Alpha PCL's current Dividend Payout Ratio of 1.94 is 410.5% 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 TQM Alpha PCL and its competitors. For the Insurance 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. TQM Alpha PCL's current Dividend Payout Ratio is 1.94, which is 140% above median its own 10-year median of 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is TQM Alpha PCL stock overvalued right now?

Based on GuruFocus' analysis, TQM Alpha PCL (BKK:TQM) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿24.36, compared to a current price of ฿16.60 — trading 31.9% below its estimated fair value. The current Dividend Payout Ratio is 1.94, which is 140% above median its 10-year median of 0.81 and 410.5% above the Insurance industry median of 0.38. TQM Alpha PCL's overall GF Score™ is 90/100 with 11 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 TQM Alpha PCL (BKK:TQM), the current Dividend Payout Ratio is 1.94 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 TQM Alpha PCL (BKK:TQM) Overvalued in 2026?

Based on GuruFocus' analysis, TQM Alpha PCL stock appears to be undervalued. The current stock price of ฿16.60 is trading 31.9% below its estimated GF Value™ of ฿24.36. GuruFocus considers TQM Alpha PCL to be Significantly Undervalued.

Key valuation signals for BKK:TQM:

Dividend Payout Ratio: 1.94 (140% above median its 10-year median of 0.81)
GF Value™: ฿24.36 vs. price of ฿16.60 (31.9% below fair value)
GF Score™: 90/100 with 11 warning signs
Industry Position: 410.5% above the Insurance median (#305 of 335)

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

TQM Alpha PCL Business Description

Industry Financial Services Insurance

Comparable Companies BKK:ASN MRSH AON AJG WTW BRO ERIE BOM:543390 NP ASX:SDF CRVL SAU:8313 ARX ASX:AUB BWIN MEX:GPROFUT XSGO:BANVIDA LIFE GSHD CRD.A

Address No. 123, Ladplakao Road, Chorakhe Bua, Lat Phrao District, Bangkok, THA, 10230

Website https://www.tqmalpha.com

TQM Alpha PCL is engaged in investment in companies that are focused on non-life insurance brokers, life insurance brokers, reinsurance brokers, personal loans, and the provision of services as a manager, caregiver, collect benefits, and property management for related parties. It also provides procurement and consulting services for computer software and hardware.

90GF Score

Get the complete analysis for BKK:TQM

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

฿16.60

Price

฿24.36

GF Value

View BKK:TQM Analysis

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