Marusan Securities Co (FRA:9KC) Dividend Payout Ratio: 1.10 (As of Mar. 2026) — 51% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:9KC Marusan Securities Co Ltd FRA:9KC
78 GF Score
Price €5.95
GF Value €6.26
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Marusan Securities Co Dividend Payout Ratio?

Marusan Securities Co FRA:9KC 78 Dividend Payout Ratio is 1.10 as of Mar. 2026, which is 51% above its 10-year median of 0.73. GuruFocus rates FRA:9KC with a GF Score™ of 78/100 and a GF Value™ of €6.26 (Fairly Valued). The stock has 4 warning signs investors should review. Among 328 Capital Markets companies, Marusan Securities Co ranks worse than 75.3% 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. Marusan Securities Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.10.

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

FRA:9KC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.44   Med: 0.73   Max: 1.34
Current: 0.62

During the past 13 years, the highest Dividend Payout Ratio of Marusan Securities Co was 1.34. The lowest was 0.44. And the median was 0.73.

FRA:9KC's Dividend Payout Ratio is ranked worse than
75.3% of 328 companies
in the Capital Markets industry
Industry Median: 0.34 vs FRA:9KC: 0.62

As of today (2026-07-14), the Dividend Yield % of Marusan Securities Co is 3.67%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Marusan Securities Co was 6.21%. The lowest was 0.75%. And the median was 3.15%.

Marusan Securities Co's Dividends per Share for the months ended in Mar. 2026 was €0.13.

During the past 12 months, Marusan Securities Co's average Dividends Per Share Growth Rate was 33.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 49.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 8.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Marusan Securities Co was 122.40% per year. The lowest was -58.50% per year. And the median was -2.50% 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.

Marusan Securities Co (FRA:9KC) 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.

Marusan Securities Co Dividend Payout Ratio Related Terms

Marusan Securities Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Marusan Securities Co'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.

Marusan Securities Co Dividend Payout Ratio Chart

Marusan Securities Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.57 1.36 0.67 0.56 0.63

Marusan Securities Co 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 0.78 0.00 1.17 0.00 1.10

FRA:9KC vs MS, GS, SCHW: Dividend Payout Ratio Comparison

For the Capital Markets subindustry, Marusan Securities Co'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.

Marusan Securities Co Dividend Payout Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Marusan Securities Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Marusan Securities Co's Dividend Payout Ratio falls into.


FRA:9KC
78GF Score
Marusan Securities Co Ltd FRA:9KC
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marusan Securities Co 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.

Marusan Securities Co's Dividend Payout Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Mar. 2026 )/ EPS without NRI (A: Mar. 2026 )
=0.218/ 0.349
=0.62

Marusan Securities Co'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 )
=0.125/ 0.114
=1.10

* 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 1.10 mean?
Marusan Securities Co (FRA:9KC) has a Dividend Payout Ratio of 1.10 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Marusan Securities Co and its competitors. This is 51% above median its historical median of 0.73. Over the past decade, Marusan Securities Co's Dividend Payout Ratio has ranged from 0.44 to 1.34. According to the industry distribution chart, Marusan Securities Co ranks #247 out of 328 companies in the Capital Markets industry, placing it in the top 75.3%.
Is Marusan Securities Co's Dividend Payout Ratio too high?
Marusan Securities Co's current Dividend Payout Ratio of 1.10 is 51% above median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 1.34. The Capital Markets industry median Dividend Payout Ratio is 0.34. Marusan Securities Co's value of 1.10 is 223.5% above this industry median. Based on the distribution chart, Marusan Securities Co ranks #247 out of 328 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Marusan Securities Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Marusan Securities Co's Dividend Payout Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, Marusan Securities Co ranks #247 out of 328 companies for Dividend Payout Ratio. This places Marusan Securities Co in the lower half of its industry. The industry median Dividend Payout Ratio is 0.34. Marusan Securities Co's value of 1.10 is 223.5% above this benchmark. Historically, Marusan Securities Co's own Dividend Payout Ratio has ranged from 0.44 to 1.34 over the past decade. While the company's 10-year median is 0.73 vs. the industry median of 0.34, Marusan Securities Co 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 Capital Markets company?
The median Dividend Payout Ratio among Capital Markets companies is 0.34, based on 328 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. Marusan Securities Co's current Dividend Payout Ratio of 1.10 is 223.5% 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 Marusan Securities Co and its competitors. For the Capital Markets industry, the median Dividend Payout Ratio is 0.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marusan Securities Co's current Dividend Payout Ratio is 1.10, which is 51% above median its own 10-year median of 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marusan Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Marusan Securities Co (FRA:9KC) is currently considered Fairly Valued. The stock's GF Value™ is €6.26, compared to a current price of €5.95 — trading 5% below its estimated fair value. The current Dividend Payout Ratio is 1.10, which is 51% above median its 10-year median of 0.73 and 223.5% above the Capital Markets industry median of 0.34. Marusan Securities Co's overall GF Score™ is 78/100 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 Marusan Securities Co (FRA:9KC), the current Dividend Payout Ratio is 1.10 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 Marusan Securities Co (FRA:9KC) Overvalued in 2026?

Based on GuruFocus' analysis, Marusan Securities Co stock appears to be undervalued. The current stock price of €5.95 is trading 5% below its estimated GF Value™ of €6.26. GuruFocus considers Marusan Securities Co to be Fairly Valued.

Key valuation signals for FRA:9KC:

  • Dividend Payout Ratio: 1.10 (51% above median its 10-year median of 0.73)
  • GF Value™: €6.26 vs. price of €5.95 (5% below fair value)
  • GF Score™: 78/100 with 4 warning signs
  • Industry Position: 223.5% above the Capital Markets median (#247 of 328)

No single metric tells the full story. See the FRA:9KC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Marusan Securities Co Business Description

Other Exchanges 8613:Japan
Address 3-6 Kojimachi, Chiyoda-ku, Tokyo, JPN
Marusan Securities Co Ltd trades financial securities and derivatives. The company is headquartered in Japan and generates all revenue domestically. Securities services offered by the company include mediation of buying and selling securities, brokerage, trading, exchange-market activities, underwriting, private placement, agency of bond payments, and investment trust services. The company also provides banking services such as loans on collateral, buying and selling yen-denominated bank acceptances, buying and selling gold bullion, safety deposits, business loans, and insurance including property, casualty, and life.
78GF Score

Get the complete analysis for FRA:9KC

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

€5.95
Price
€6.26
GF Value