CTGDF (China Tourism Group Duty Free) Dividend Payout Ratio: 0.00 (As of Mar. 2026)

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CTGDF China Tourism Group Duty Free Corp Ltd CTGDF
81 GF Score
Price $6.25
GF Value $7.91
! 4 Warning Signs
View Full Analysis

What is China Tourism Group Duty Free Dividend Payout Ratio?

China Tourism Group Duty Free CTGDF 81 Dividend Payout Ratio is 0.00 as of Mar. 2026. GuruFocus rates CTGDF with a GF Score™ of 81/100 and a GF Value™ of $7.91. The stock has 4 warning signs investors should review. Among 508 Retail - Cyclical companies, China Tourism Group Duty Free ranks worse than 67.13% 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. China Tourism Group Duty Free's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.00.

The historical rank and industry rank for China Tourism Group Duty Free's Dividend Payout Ratio or its related term are showing as below:

CTGDF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.21   Med: 0.3   Max: 0.82
Current: 0.57

During the past 13 years, the highest Dividend Payout Ratio of China Tourism Group Duty Free was 0.82. The lowest was 0.21. And the median was 0.30.

CTGDF's Dividend Payout Ratio is ranked worse than
67.13% of 508 companies
in the Retail - Cyclical industry
Industry Median: 0.415 vs CTGDF: 0.57

As of today (2026-08-15), the Dividend Yield % of China Tourism Group Duty Free is 1.62%.

During the past 13 years, the highest Trailing Annual Dividend Yield of China Tourism Group Duty Free was 4.51%. The lowest was 0.19%. And the median was 0.92%.

China Tourism Group Duty Free's Dividends per Share for the months ended in Mar. 2026 was $0.00.

During the past 12 months, China Tourism Group Duty Free's average Dividends Per Share Growth Rate was -21.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -4.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 11.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 20.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of China Tourism Group Duty Free was 66.30% per year. The lowest was -4.70% per year. And the median was 27.25% 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.

China Tourism Group Duty Free (OTCPK:CTGDF) 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.

China Tourism Group Duty Free Dividend Payout Ratio Related Terms

China Tourism Group Duty Free Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for China Tourism Group Duty Free'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.

China Tourism Group Duty Free Dividend Payout Ratio Chart

China Tourism Group Duty Free Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.25 0.00 0.75

China Tourism Group Duty Free 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 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 2.96 0.00 0.57 0.00

CTGDF vs CASY, WSM, ULTA: Dividend Payout Ratio Comparison

For the Specialty Retail subindustry, China Tourism Group Duty Free'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.

China Tourism Group Duty Free Dividend Payout Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, China Tourism Group Duty Free's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where China Tourism Group Duty Free's Dividend Payout Ratio falls into.


CTGDF
81GF Score
China Tourism Group Duty Free Corp Ltd CTGDF
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Tourism Group Duty Free 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.

China Tourism Group Duty Free'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 )
=0.183/ 0.243
=0.75

China Tourism Group Duty Free'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/ 0.168
=0.00

* 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 0.00 mean?
China Tourism Group Duty Free (CTGDF) has a Dividend Payout Ratio of 0.00 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on China Tourism Group Duty Free and its competitors. Over the past decade, China Tourism Group Duty Free's Dividend Payout Ratio has ranged from 0.21 to 0.82. According to the industry distribution chart, China Tourism Group Duty Free ranks #341 out of 508 companies in the Retail - Cyclical industry, placing it in the top 67.1%.
Is China Tourism Group Duty Free's Dividend Payout Ratio too high?
China Tourism Group Duty Free's current Dividend Payout Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 0.82. Based on the distribution chart, China Tourism Group Duty Free ranks #341 out of 508 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, China Tourism Group Duty Free has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does China Tourism Group Duty Free's Dividend Payout Ratio compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, China Tourism Group Duty Free ranks #341 out of 508 companies for Dividend Payout Ratio. This places China Tourism Group Duty Free in the lower half of its industry. The industry median Dividend Payout Ratio is 0.42. Historically, China Tourism Group Duty Free's own Dividend Payout Ratio has ranged from 0.21 to 0.82 over the past decade. 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 Retail - Cyclical company?
The median Dividend Payout Ratio among Retail - Cyclical companies is 0.42, based on 508 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. 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 China Tourism Group Duty Free and its competitors. For the Retail - Cyclical 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. China Tourism Group Duty Free's current Dividend Payout Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Tourism Group Duty Free stock overvalued right now?
China Tourism Group Duty Free (CTGDF) has a current Dividend Payout Ratio of 0.00. The stock's GF Value™ is $7.91, compared to a current price of $6.25 — trading 21% below its estimated fair value. The current Dividend Payout Ratio is 0.00. China Tourism Group Duty Free's overall GF Score™ is 81/100 with 4 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 China Tourism Group Duty Free (CTGDF), the current Dividend Payout Ratio is 0.00 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 China Tourism Group Duty Free (CTGDF) Overvalued in 2026?

Based on GuruFocus' analysis, China Tourism Group Duty Free stock appears to be undervalued. The current stock price of $6.25 is trading 21% below its estimated GF Value™ of $7.91.

Key valuation signals for CTGDF:

  • Dividend Payout Ratio: 0.00
  • GF Value™: $7.91 vs. price of $6.25 (21% below fair value)
  • GF Score™: 81/100 with 4 warning signs

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

China Tourism Group Duty Free Business Description

Other Exchanges 01880:Hong Kong601888:China
Address No. 2A, Dongzhimenwai Street, 8th Floor, Building A, Dongcheng District, Beijing, CHN, 100027
Established in 1984, China Tourism Group Duty Free is China's largest and the world's second-largest travel retailer in 2025 with revenue of CNY 54 billion. The company primarily operates duty-free stores at airports, border crossings, offshore, downtown, and on flights, cruises and ships, with about 200 stores spanning over 33 provinces in China, as well as overseas. The company also operates a duty-paid business. Its 2025 revenue mix was 73% duty-free sales and 27% duty-paid sales and others. CTG Duty Free is 50% owned by China Tourism Group, a state-owned enterprise that falls directly under the State-owned Assets Supervision and Administration Commission of the State Council.
81GF Score

Get the complete analysis for CTGDF

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

$6.25
Price
$7.91
GF Value