CHEOF (Cochlear) Dividend Payout Ratio: 0.87 (As of Dec. 2025) — 32% Above Median


CHEOF Cochlear Ltd CHEOF
62 GF Score
Price $82.31
GF Value $209.50
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Cochlear Dividend Payout Ratio?

Cochlear CHEOF +3.55% 62 Dividend Payout Ratio is 0.87 as of Dec. 2025, which is 32% above its 10-year median of 0.66. GuruFocus rates CHEOF with a GF Score™ of 62/100 and a GF Value™ of $209.50 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 281 Medical Devices & Instruments companies, Cochlear ranks worse than 80.07% 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. Cochlear's Dividend Payout Ratio for the months ended in Dec. 2025 was 0.87.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Cochlear Ltd is 0.82, which seems too high.

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

CHEOF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.66   Max: 0.82
Current: 0.82

During the past 13 years, the highest Dividend Payout Ratio of Cochlear was 0.82. The lowest was 0.23. And the median was 0.66.

CHEOF's Dividend Payout Ratio is ranked worse than
80.07% of 281 companies
in the Medical Devices & Instruments industry
Industry Median: 0.42 vs CHEOF: 0.82

As of today (2026-06-30), the Dividend Yield % of Cochlear is 3.53%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Cochlear was 4.41%. The lowest was 0.46%. And the median was 1.37%.

Cochlear's Dividends per Share for the months ended in Dec. 2025 was $1.43.

During the past 12 months, Cochlear's average Dividends Per Share Growth Rate was 4.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 12.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 25.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 5.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Cochlear was 51.80% per year. The lowest was -25.70% 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.

Cochlear (OTCPK:CHEOF) 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.

Cochlear Dividend Payout Ratio Related Terms

Cochlear Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Cochlear'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.

Cochlear Dividend Payout Ratio Chart

Cochlear Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.23 0.67 0.66 0.69 0.72

Cochlear Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.60 0.80 0.67 0.77 0.87

CHEOF vs ABT, SYK, MDT: Dividend Payout Ratio Comparison

For the Medical Devices subindustry, Cochlear'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.

Cochlear Dividend Payout Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Cochlear's Dividend Payout Ratio distribution charts can be found below:

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


CHEOF
62GF Score
Cochlear Ltd CHEOF
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cochlear 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.

Cochlear's Dividend Payout Ratio for the fiscal year that ended in Jun. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Jun. 2025 )/ EPS without NRI (A: Jun. 2025 )
=2.767/ 3.869
=0.72

Cochlear's Dividend Payout Ratio for the quarter that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2025 )/ EPS without NRI (Q: Dec. 2025 )
=1.429/ 1.638
=0.87

* 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 0.87 mean?
Cochlear (CHEOF) has a Dividend Payout Ratio of 0.87 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Cochlear and its competitors. This is 32% above median its historical median of 0.66. Over the past decade, Cochlear's Dividend Payout Ratio has ranged from 0.23 to 0.82. According to the industry distribution chart, Cochlear ranks #225 out of 281 companies in the Medical Devices & Instruments industry, placing it in the top 80.1%.
Is Cochlear's Dividend Payout Ratio too high?
Cochlear's current Dividend Payout Ratio of 0.87 is 32% above median its 10-year median of 0.66. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 0.82. The Medical Devices & Instruments industry median Dividend Payout Ratio is 0.42. Cochlear's value of 0.87 is 107.1% above this industry median. Based on the distribution chart, Cochlear ranks #225 out of 281 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Cochlear has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cochlear's Dividend Payout Ratio compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Cochlear ranks #225 out of 281 companies for Dividend Payout Ratio. This places Cochlear in the lower half of its industry. The industry median Dividend Payout Ratio is 0.42. Cochlear's value of 0.87 is 107.1% above this benchmark. Historically, Cochlear's own Dividend Payout Ratio has ranged from 0.23 to 0.82 over the past decade. While the company's 10-year median is 0.66 vs. the industry median of 0.42, Cochlear 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 Medical Devices & Instruments company?
The median Dividend Payout Ratio among Medical Devices & Instruments companies is 0.42, based on 281 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. Cochlear's current Dividend Payout Ratio of 0.87 is 107.1% 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 Cochlear and its competitors. For the Medical Devices & Instruments industry, the median Dividend Payout Ratio is 0.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cochlear's current Dividend Payout Ratio is 0.87, which is 32% above median its own 10-year median of 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cochlear stock overvalued right now?
Based on GuruFocus' analysis, Cochlear (CHEOF) is currently considered Significantly Undervalued. The stock's GF Value™ is $209.50, compared to a current price of $82.31 — trading 60.7% below its estimated fair value. The current Dividend Payout Ratio is 0.87, which is 32% above median its 10-year median of 0.66 and 107.1% above the Medical Devices & Instruments industry median of 0.42. Cochlear's overall GF Score™ is 62/100 with 2 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 Cochlear (CHEOF), the current Dividend Payout Ratio is 0.87 as of Dec. 2025. 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 Cochlear (CHEOF) Overvalued in 2026?

Based on GuruFocus' analysis, Cochlear stock appears to be undervalued. The current stock price of $82.31 is trading 60.7% below its estimated GF Value™ of $209.50. GuruFocus considers Cochlear to be Significantly Undervalued.

Key valuation signals for CHEOF:

  • Dividend Payout Ratio: 0.87 (32% above median its 10-year median of 0.66)
  • GF Value™: $209.50 vs. price of $82.31 (60.7% below fair value)
  • GF Score™: 62/100 with 2 warning signs
  • Industry Position: 107.1% above the Medical Devices & Instruments median (#225 of 281)

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

Cochlear Business Description

Address 1 University Avenue, Macquarie University, Sydney, NSW, AUS, 2109
Cochlear is the leading cochlear implant device manufacturer, with around 60% global market share. Developed markets contribute 80% of group revenue, where cochlear implants are the standard of care for children with severe-to-profound hearing loss. The company also actively targets the growing cohort of seniors in developed markets. Tender-oriented emerging markets contribute the remaining 20% of group revenue. Main products include cochlear implants, bone-anchored hearing aids, and associated sound processors. In fiscal 2025, 49% of revenue came from the Americas, 34% from Europe, the Middle East, and Africa, and 18% from the Asia-Pacific segment.
62GF Score

Get the complete analysis for CHEOF

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

$82.31
Price
$209.50
GF Value