Deswell IndustriesDSWL +3.99%64 Dividend Payout Ratio is 0.21 as of Sep. 2025, which is 68% below its 10-year median of 0.65. GuruFocus rates DSWL with a GF Score™ of 64/100 and a GF Value™ of $2.17 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,212 Hardware companies, Deswell Industries ranks better than 70.46% 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. Deswell Industries's Dividend Payout Ratio for the
months ended in Sep. 2025 was 0.21.
The historical rank and industry rank for Deswell Industries's Dividend Payout Ratio or its related term are showing as below:
DSWL'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.3 Med: 0.65 Max: 1.17
Current: 0.3
During the past 13 years, the highest Dividend Payout Ratio of Deswell Industries was 1.17. The lowest was 0.30. And the median was 0.65.
DSWL's Dividend Payout Ratio is ranked better than 70.46% of 1212
companies
in the Hardware industry
Industry Median: 0.47
vs DSWL: 0.30
During the past 5 years, the average Dividends Per Share Growth Rate was 1.50% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 8.70% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Deswell Industries was 37.00% per year. The lowest was -46.40% per year. And the median was 6.10% 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.
Deswell Industries (NAS:DSWL) 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.
Deswell Industries Dividend Payout Ratio Related Terms
Deswell Industries Dividend Payout Ratio Historical Data
* Premium members only.
The historical data trend for Deswell Industries'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.
DSWL vs ELTK, LINK, IEHC: Dividend Payout Ratio Comparison
For the Electronic Components subindustry, Deswell Industries'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.
Deswell Industries Dividend Payout Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Deswell Industries's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Deswell Industries's Dividend Payout Ratio falls into.
Deswell Industries 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.
Deswell Industries's Dividend Payout Ratio for the fiscal year that ended in Mar. 2026 is calculated as
* 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.
Deswell Industries (DSWL) has a Dividend Payout Ratio of 0.21 as of Sep. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Deswell Industries and its competitors. This is 68% below median its historical median of 0.65. Over the past decade, Deswell Industries' Dividend Payout Ratio has ranged from 0.30 to 1.17. According to the industry distribution chart, Deswell Industries ranks #358 out of 1212 companies in the Hardware industry, placing it in the top 29.5%.
Is Deswell Industries' Dividend Payout Ratio too high?
Deswell Industries' current Dividend Payout Ratio of 0.21 is 68% below median its 10-year median of 0.65. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 1.17. The Hardware industry median Dividend Payout Ratio is 0.47. Deswell Industries' value of 0.21 is 55.3% below this industry median. Based on the distribution chart, Deswell Industries ranks #358 out of 1212 companies in the Hardware industry, which is above the industry midpoint. Overall, Deswell Industries has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Deswell Industries' Dividend Payout Ratio compare to ELTK and LINK?
According to the Hardware industry distribution chart, Deswell Industries ranks #358 out of 1212 companies for Dividend Payout Ratio. This puts Deswell Industries in the upper half of its industry. The industry median Dividend Payout Ratio is 0.47. Deswell Industries' value of 0.21 is 55.3% below this benchmark. Historically, Deswell Industries' own Dividend Payout Ratio has ranged from 0.30 to 1.17 over the past decade. While the company's 10-year median is 0.65 vs. the industry median of 0.47, Deswell Industries has consistently been below 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 Hardware company?
The median Dividend Payout Ratio among Hardware companies is 0.47, based on 1,212 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. Deswell Industries's current Dividend Payout Ratio of 0.21 is 55.3% 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 Deswell Industries and its competitors. For the Hardware industry, the median Dividend Payout Ratio is 0.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Deswell Industries's current Dividend Payout Ratio is 0.21, which is 68% below median its own 10-year median of 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deswell Industries stock overvalued right now?
Based on GuruFocus' analysis, Deswell Industries (DSWL) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.17, compared to a current price of $3.91 — trading 80.2% above its estimated fair value. The current Dividend Payout Ratio is 0.21, which is 68% below median its 10-year median of 0.65 and 55.3% below the Hardware industry median of 0.47. Deswell Industries' overall GF Score™ is 64/100 with 7 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 Deswell Industries (DSWL), the current Dividend Payout Ratio is 0.21 as of Sep. 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 Deswell Industries (DSWL) Overvalued in 2026?
Based on GuruFocus' analysis, Deswell Industries stock appears to be overvalued.
The current stock price of $3.91 is trading 80.2% above its estimated GF Value™ of $2.17.
GuruFocus considers Deswell Industries to be Significantly Overvalued.
Key valuation signals for DSWL:
Dividend Payout Ratio: 0.21 (68% below median its 10-year median of 0.65)
GF Value™: $2.17 vs. price of $3.91 (80.2% above fair value)
Industry Position: 55.3% below the Hardware median (#358 of 1212)
No single metric tells the full story. See the DSWL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Deswell Industries Inc is engaged in the manufacturing and selling of injection-molded plastic parts and components. In addition, it also offers manufacturing services for electronic products and subassemblies and manufactures metallic molds and accessory parts for original equipment manufacturers and contract manufacturers. The company conducts all of its manufacturing activities at separate plastics, electronics and metallic operation factories located in the People's Republic of China. It operates through the Plastic Injection Molding and Electronic Products Assembling segments. The firm offers products such as automobile components, medical testing equipment, parts for audio equipment, av receivers, active subwoofers, digital system key sets, communication products and others.
64GF Score
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