Mitsubishi Heavy Industries (FRA:MIH) Dividend Payout Ratio: 0.35 (As of Mar. 2026) — Near Median


FRA:MIH Mitsubishi Heavy Industries Ltd FRA:MIH
67 GF Score
Price €20.34
GF Value €12.71
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Mitsubishi Heavy Industries Dividend Payout Ratio?

Mitsubishi Heavy Industries FRA:MIH -0.80% 67 Dividend Payout Ratio is 0.35 as of Mar. 2026, which is 3% above its 10-year median of 0.34. GuruFocus rates FRA:MIH with a GF Score™ of 67/100 and a GF Value™ of €12.71 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,720 Industrial Products companies, Mitsubishi Heavy Industries ranks better than 72.56% 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. Mitsubishi Heavy Industries's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.35.

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

FRA:MIH' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.24   Med: 0.34   Max: 0.63
Current: 0.24

During the past 13 years, the highest Dividend Payout Ratio of Mitsubishi Heavy Industries was 0.63. The lowest was 0.24. And the median was 0.34.

FRA:MIH's Dividend Payout Ratio is ranked better than
72.56% of 1720 companies
in the Industrial Products industry
Industry Median: 0.37 vs FRA:MIH: 0.24

As of today (2026-07-05), the Dividend Yield % of Mitsubishi Heavy Industries is 0.67%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Mitsubishi Heavy Industries was 6.22%. The lowest was 0.48%. And the median was 2.50%.

Mitsubishi Heavy Industries's Dividends per Share for the months ended in Mar. 2026 was €0.07.

During the past 12 months, Mitsubishi Heavy Industries's average Dividends Per Share Growth Rate was 8.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 24.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 29.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 7.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Mitsubishi Heavy Industries was 38.70% per year. The lowest was -14.50% per year. And the median was 11.10% 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.

Mitsubishi Heavy Industries (FRA:MIH) 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.

Mitsubishi Heavy Industries Dividend Payout Ratio Related Terms

Mitsubishi Heavy Industries Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Mitsubishi Heavy 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.

Mitsubishi Heavy Industries Dividend Payout Ratio Chart

Mitsubishi Heavy Industries 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 0.30 0.34 0.30 0.32 0.24

Mitsubishi Heavy Industries 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 0.55 0.00 0.70 0.00 0.35

FRA:MIH vs GEV, ETN, PH: Dividend Payout Ratio Comparison

For the Specialty Industrial Machinery subindustry, Mitsubishi Heavy 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.

Mitsubishi Heavy Industries Dividend Payout Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mitsubishi Heavy Industries's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Mitsubishi Heavy Industries's Dividend Payout Ratio falls into.


FRA:MIH
67GF Score
Mitsubishi Heavy Industries Ltd FRA:MIH
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mitsubishi Heavy 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.

Mitsubishi Heavy Industries'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 )
=0.136/ 0.571
=0.24

Mitsubishi Heavy Industries'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 )
=0.071/ 0.202
=0.35

* 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 0.35 mean?
Mitsubishi Heavy Industries (FRA:MIH) has a Dividend Payout Ratio of 0.35 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Mitsubishi Heavy Industries and its competitors. This is near median its historical median of 0.34. Over the past decade, Mitsubishi Heavy Industries' Dividend Payout Ratio has ranged from 0.24 to 0.63. According to the industry distribution chart, Mitsubishi Heavy Industries ranks #472 out of 1720 companies in the Industrial Products industry, placing it in the top 27.4%.
Is Mitsubishi Heavy Industries' Dividend Payout Ratio too high?
Mitsubishi Heavy Industries' current Dividend Payout Ratio of 0.35 is near median its 10-year median of 0.34. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 0.63. The Industrial Products industry median Dividend Payout Ratio is 0.37. Mitsubishi Heavy Industries' value of 0.35 is 5.4% below this industry median. Based on the distribution chart, Mitsubishi Heavy Industries ranks #472 out of 1720 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Mitsubishi Heavy Industries has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mitsubishi Heavy Industries' Dividend Payout Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Mitsubishi Heavy Industries ranks #472 out of 1720 companies for Dividend Payout Ratio. This puts Mitsubishi Heavy Industries in the upper half of its industry. The industry median Dividend Payout Ratio is 0.37. Mitsubishi Heavy Industries' value of 0.35 is 5.4% below this benchmark. Historically, Mitsubishi Heavy Industries' own Dividend Payout Ratio has ranged from 0.24 to 0.63 over the past decade. While the company's 10-year median is 0.34 vs. the industry median of 0.37, Mitsubishi Heavy 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 an Industrial Products company?
The median Dividend Payout Ratio among Industrial Products companies is 0.37, based on 1,720 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. Mitsubishi Heavy Industries's current Dividend Payout Ratio of 0.35 is 5.4% 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 Mitsubishi Heavy Industries and its competitors. For the Industrial Products industry, the median Dividend Payout Ratio is 0.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitsubishi Heavy Industries's current Dividend Payout Ratio is 0.35, which is near median its own 10-year median of 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsubishi Heavy Industries stock overvalued right now?
Based on GuruFocus' analysis, Mitsubishi Heavy Industries (FRA:MIH) is currently considered Significantly Overvalued. The stock's GF Value™ is €12.71, compared to a current price of €20.34 — trading 60% above its estimated fair value. The current Dividend Payout Ratio is 0.35, which is near median its 10-year median of 0.34 and 5.4% below the Industrial Products industry median of 0.37. Mitsubishi Heavy Industries' overall GF Score™ is 67/100 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 Mitsubishi Heavy Industries (FRA:MIH), the current Dividend Payout Ratio is 0.35 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 Mitsubishi Heavy Industries (FRA:MIH) Overvalued in 2026?

Based on GuruFocus' analysis, Mitsubishi Heavy Industries stock appears to be overvalued. The current stock price of €20.34 is trading 60% above its estimated GF Value™ of €12.71. GuruFocus considers Mitsubishi Heavy Industries to be Significantly Overvalued.

Key valuation signals for FRA:MIH:

  • Dividend Payout Ratio: 0.35 (near median its 10-year median of 0.34)
  • GF Value™: €12.71 vs. price of €20.34 (60% above fair value)
  • GF Score™: 67/100 with 4 warning signs
  • Industry Position: 5.4% below the Industrial Products median (#472 of 1720)

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

Mitsubishi Heavy Industries Business Description

Address 2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, JPN, 100-8332
Mitsubishi Heavy Industries is a diversified industrial and engineering group that was founded in 1884 and reorganized in 1950. It operates across four segments: energy systems; plants and infrastructure; logistics, thermal and drive systems; and aircraft, defense and space. MHI is a global leader in large gas turbines and energy services, and a key domestic supplier of aerospace and defense systems. Its end markets include energy infrastructure, industrial equipment, transport, and defense, with a growing focus on decarbonization technologies such as hydrogen- and ammonia-capable turbines. The company employs about 77,000 people globally.
67GF Score

Get the complete analysis for FRA:MIH

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

€20.34
Price
€12.71
GF Value