CEZ AS (FRA:CEZ) Dividend Payout Ratio: 0.00 (As of Mar. 2026)

CEZ AS FRA:CEZ +3.02% 70 Dividend Payout Ratio is 0.00 as of Mar. 2026. GuruFocus rates FRA:CEZ with a GF Score™ of 70/100 and a GF Value™ of €44.94 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 374 Utilities - Regulated companies, CEZ AS ranks worse than 82.35% 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. CEZ AS's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of CEZ AS is 0.81, which seems too high.

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

FRA:CEZ' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.62 Med: 1.04 Max: 3.56
Current: 0.8

During the past 13 years, the highest Dividend Payout Ratio of CEZ AS was 3.56. The lowest was 0.62. And the median was 1.04.

FRA:CEZ's Dividend Payout Ratio is ranked worse than
82.35% of 374 companies
in the Utilities - Regulated industry
Industry Median: 0.54 vs FRA:CEZ: 0.80

As of today (2026-06-30), the Dividend Yield % of CEZ AS is 3.39%.

During the past 13 years, the highest Trailing Annual Dividend Yield of CEZ AS was 18.03%. The lowest was 3.39%. And the median was 6.06%.

CEZ AS's Dividends per Share for the months ended in Mar. 2026 was €0.00.

During the past 12 months, CEZ AS's average Dividends Per Share Growth Rate was -9.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -0.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.10% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of CEZ AS was 64.40% per year. The lowest was -15.70% per year. And the median was 0.00% 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.

CEZ AS (FRA:CEZ) 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.

CEZ AS Dividend Payout Ratio Related Terms

CEZ AS Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for CEZ AS'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.

CEZ AS Dividend Payout Ratio Chart

CEZ AS Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.84

0.62

3.56

1.04

0.89

CEZ AS 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															0.00	8.19	0.00	0.00	0.00

FRA:CEZ vs NEE, SO, DUK: Dividend Payout Ratio Comparison

For the Utilities - Regulated Electric subindustry, CEZ AS'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.

CEZ AS Dividend Payout Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, CEZ AS's Dividend Payout Ratio distribution charts can be found below:

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

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70GF Score

CEZ AS FRA:CEZ

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

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CEZ AS Dividend Payout Ratio Calculation

CEZ AS'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 )
	=	1.938	/	2.189
	=	0.89

CEZ AS'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	/	1.036
	=	0.00

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.00 mean?

CEZ AS (FRA:CEZ) 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 CEZ AS and its competitors. Over the past decade, CEZ AS's Dividend Payout Ratio has ranged from 0.62 to 3.56. According to the industry distribution chart, CEZ AS ranks #308 out of 374 companies in the Utilities - Regulated industry, placing it in the top 82.4%.

Is CEZ AS's Dividend Payout Ratio too high?

CEZ AS's current Dividend Payout Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 3.56. Based on the distribution chart, CEZ AS ranks #308 out of 374 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, CEZ AS has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does CEZ AS's Dividend Payout Ratio compare to NEE and SO?

According to the Utilities - Regulated industry distribution chart, CEZ AS ranks #308 out of 374 companies for Dividend Payout Ratio. This places CEZ AS in the lower half of its industry. The industry median Dividend Payout Ratio is 0.54. Historically, CEZ AS's own Dividend Payout Ratio has ranged from 0.62 to 3.56 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 an Utilities - Regulated company?

The median Dividend Payout Ratio among Utilities - Regulated companies is 0.54, based on 374 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 CEZ AS and its competitors. For the Utilities - Regulated industry, the median Dividend Payout Ratio is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CEZ AS'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 CEZ AS stock overvalued right now?

Based on GuruFocus' analysis, CEZ AS (FRA:CEZ) is currently considered Modestly Overvalued. The stock's GF Value™ is €44.94, compared to a current price of €51.10 — trading 13.7% above its estimated fair value. The current Dividend Payout Ratio is 0.00. CEZ AS's overall GF Score™ is 70/100 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 CEZ AS (FRA:CEZ), 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 CEZ AS (FRA:CEZ) Overvalued in 2026?

Based on GuruFocus' analysis, CEZ AS stock appears to be overvalued. The current stock price of €51.10 is trading 13.7% above its estimated GF Value™ of €44.94. GuruFocus considers CEZ AS to be Modestly Overvalued.

Key valuation signals for FRA:CEZ:

Dividend Payout Ratio: 0.00
GF Value™: €44.94 vs. price of €51.10 (13.7% above fair value)
GF Score™: 70/100 with 7 warning signs

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

CEZ AS Business Description

Industry Utilities Utilities - Regulated

Comparable Companies NEE SO DUK LSE:NG.AEP D ETR XEL EXC XMAD:ELE PEG ED WEC PCG BOM:532555 AEE DTE TSX:FTS CNP EIX

Other Exchanges CEZ:Poland 0NZF:UK CEZ:Czech Republic

Address Duhova 2/1444, Praha 4, Prague, CZE, 140 53

Website https://www.cez.cz

CEZ AS is a Czech energy company of which the government of the Czech Republic is the majority shareholder. The core business of the company is the generation, distribution, trade, and sale of electricity and heat, coal mining, trading in commodities and provision of complex energy services, distribution, trade, and sale of natural gas, and the provision of telecommunications services. Total energy production is mainly split between facilities utilizing thermal and nuclear inputs. CEZ segments comprise Generation; Distribution; Sales and Mining. The group operates mainly in Czechia and in Central and Western European markets.

70GF Score

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

€51.10

Price

€44.94

GF Value

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