Ninety One (FRA:L91) Dividend Payout Ratio: 0.78 (As of Mar. 2026) — 10% Above Median


FRA:L91 Ninety One Ltd FRA:L91
74 GF Score
Price €2.26
GF Value €2.12
! 7 Warning Signs
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What is Ninety One Dividend Payout Ratio?

Ninety One FRA:L91 +1.80% 74 Dividend Payout Ratio is 0.78 as of Mar. 2026, which is 10% above its 10-year median of 0.71. GuruFocus rates FRA:L91 with a GF Score™ of 74/100 and a GF Value™ of €2.12. The stock has 7 warning signs investors should review. Among 932 Asset Management companies, Ninety One ranks worse than 54.4% 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. Ninety One's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.78.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Ninety One Ltd is 0.78, which seems too high.

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

FRA:L91' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.36   Med: 0.71   Max: 0.78
Current: 0.78

During the past 10 years, the highest Dividend Payout Ratio of Ninety One was 0.78. The lowest was 0.36. And the median was 0.71.

FRA:L91's Dividend Payout Ratio is ranked worse than
54.4% of 932 companies
in the Asset Management industry
Industry Median: 0.7 vs FRA:L91: 0.78

As of today (2026-07-02), the Dividend Yield % of Ninety One is 6.54%.

During the past 10 years, the highest Trailing Annual Dividend Yield of Ninety One was 9.35%. The lowest was 2.18%. And the median was 6.47%.

Ninety One's Dividends per Share for the months ended in Mar. 2026 was €0.07.

During the past 12 months, Ninety One's average Dividends Per Share Growth Rate was 3.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -2.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 13.30% per year.

During the past 10 years, the highest 3-Year average Dividends Per Share Growth Rate of Ninety One was 35.20% per year. The lowest was -2.90% per year. And the median was 2.30% 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.

Ninety One (FRA:L91) 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.

Ninety One Dividend Payout Ratio Related Terms

Ninety One Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Ninety One'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.

Ninety One Dividend Payout Ratio Chart

Ninety One 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 0.62 0.78 0.71 0.70 0.78

Ninety One Semi-Annual Data
Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.63 0.84 0.58 0.79 0.78

FRA:L91 vs BLK, BX, KKR: Dividend Payout Ratio Comparison

For the Asset Management subindustry, Ninety One'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.

Ninety One Dividend Payout Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Ninety One's Dividend Payout Ratio distribution charts can be found below:

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


FRA:L91
74GF Score
Ninety One Ltd FRA:L91
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ninety One 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.

Ninety One'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 )
=0.148/ 0.189
=0.78

Ninety One'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 )
=0.069/ 0.089
=0.78

* 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 0.78 mean?
Ninety One (FRA:L91) has a Dividend Payout Ratio of 0.78 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Ninety One and its competitors. This is 10% above median its historical median of 0.71. Over the past decade, Ninety One's Dividend Payout Ratio has ranged from 0.36 to 0.78. According to the industry distribution chart, Ninety One ranks #507 out of 932 companies in the Asset Management industry, placing it in the top 54.4%.
Is Ninety One's Dividend Payout Ratio too high?
Ninety One's current Dividend Payout Ratio of 0.78 is 10% above median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 0.78. The Asset Management industry median Dividend Payout Ratio is 0.70. Ninety One's value of 0.78 is 11.4% above this industry median. Based on the distribution chart, Ninety One ranks #507 out of 932 companies in the Asset Management industry, which is below the industry midpoint. Overall, Ninety One has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Ninety One's Dividend Payout Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Ninety One ranks #507 out of 932 companies for Dividend Payout Ratio. This places Ninety One in the lower half of its industry. The industry median Dividend Payout Ratio is 0.70. Ninety One's value of 0.78 is 11.4% above this benchmark. Historically, Ninety One's own Dividend Payout Ratio has ranged from 0.36 to 0.78 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 0.70, Ninety One 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 an Asset Management company?
The median Dividend Payout Ratio among Asset Management companies is 0.70, based on 932 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. Ninety One's current Dividend Payout Ratio of 0.78 is 11.4% 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 Ninety One and its competitors. For the Asset Management industry, the median Dividend Payout Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ninety One's current Dividend Payout Ratio is 0.78, which is 10% above median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ninety One stock overvalued right now?
Ninety One (FRA:L91) has a current Dividend Payout Ratio of 0.78. The stock's GF Value™ is €2.12, compared to a current price of €2.26 — trading 6.6% above its estimated fair value. The current Dividend Payout Ratio is 0.78, which is 10% above median its 10-year median of 0.71 and 11.4% above the Asset Management industry median of 0.70. Ninety One's overall GF Score™ is 74/100 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 Ninety One (FRA:L91), the current Dividend Payout Ratio is 0.78 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 Ninety One (FRA:L91) Overvalued in 2026?

Based on GuruFocus' analysis, Ninety One stock appears to be overvalued. The current stock price of €2.26 is trading 6.6% above its estimated GF Value™ of €2.12.

Key valuation signals for FRA:L91:

  • Dividend Payout Ratio: 0.78 (10% above median its 10-year median of 0.71)
  • GF Value™: €2.12 vs. price of €2.26 (6.6% above fair value)
  • GF Score™: 74/100 with 7 warning signs
  • Industry Position: 11.4% above the Asset Management median (#507 of 932)

No single metric tells the full story. See the FRA:L91 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ninety One Business Description

Other Exchanges NY1:South Africa
Address 36 Hans Strijdom Avenue, Foreshore, Cape Town, WC, ZAF, 8001
Ninety One Ltd is an asset manager. The company provides a range of differentiated strategies managed by its specialist investment teams, providing access to a diverse range of asset classes and regions. It serves its client base via five regional teams namely Africa, the United Kingdom, Asia Pacific, the Americas and Europe and across two distribution channels Institutional and Advisor. Institutional clients include private and public sector pension funds, sovereign wealth funds, insurers, corporates, foundations and central banks, while Advisor clients include large retail groups, wealth managers, private banks and intermediaries serving individual investors.
74GF Score

Get the complete analysis for FRA:L91

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

€2.26
Price
€2.12
GF Value