Tokai Tokyo Financial Holdings (FRA:TO91) Dividend Payout Ratio: 0.92 (As of Mar. 2026) — 30% 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:TO91 Tokai Tokyo Financial Holdings Inc FRA:TO91
75 GF Score
Price €4.10
GF Value €3.36
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Tokai Tokyo Financial Holdings Dividend Payout Ratio?

Tokai Tokyo Financial Holdings FRA:TO91 75 Dividend Payout Ratio is 0.92 as of Mar. 2026, which is 30% above its 10-year median of 0.71. GuruFocus rates FRA:TO91 with a GF Score™ of 75/100 and a GF Value™ of €3.36 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 328 Capital Markets companies, Tokai Tokyo Financial Holdings ranks worse 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. Tokai Tokyo Financial Holdings's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.92.

The historical rank and industry rank for Tokai Tokyo Financial Holdings's Dividend Payout Ratio or its related term are showing as below:

FRA:TO91' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.53   Med: 0.71   Max: 19.73
Current: 0.6


During the past 13 years, the highest Dividend Payout Ratio of Tokai Tokyo Financial Holdings was 19.73. The lowest was 0.53. And the median was 0.71.

FRA:TO91's Dividend Payout Ratio is ranked worse than
72.56% of 328 companies
in the Capital Markets industry
Industry Median: 0.34 vs FRA:TO91: 0.60

As of today (2026-07-14), the Dividend Yield % of Tokai Tokyo Financial Holdings is 4.54%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Tokai Tokyo Financial Holdings was 8.98%. The lowest was 2.25%. And the median was 4.69%.

Tokai Tokyo Financial Holdings's Dividends per Share for the months ended in Mar. 2026 was €0.11.

During the past 12 months, Tokai Tokyo Financial Holdings's average Dividends Per Share Growth Rate was 21.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 28.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 12.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 1.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Tokai Tokyo Financial Holdings was 58.70% per year. The lowest was -32.50% per year. And the median was 14.50% 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.


Tokai Tokyo Financial Holdings (FRA:TO91) 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.


Tokai Tokyo Financial Holdings Dividend Payout Ratio Related Terms


Tokai Tokyo Financial Holdings Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Tokai Tokyo Financial Holdings'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.

Tokai Tokyo Financial Holdings Dividend Payout Ratio Chart

Tokai Tokyo Financial Holdings 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 0.70 18.67 0.72 0.83 0.70

Tokai Tokyo Financial Holdings 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 3.96 0.00 0.90 0.00 0.92

FRA:TO91 vs MS, GS, SCHW: Dividend Payout Ratio Comparison

For the Capital Markets subindustry, Tokai Tokyo Financial Holdings'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.


Tokai Tokyo Financial Holdings Dividend Payout Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Tokai Tokyo Financial Holdings's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Tokai Tokyo Financial Holdings's Dividend Payout Ratio falls into.


FRA:TO91
75GF Score
Tokai Tokyo Financial Holdings Inc FRA:TO91
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tokai Tokyo Financial Holdings 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.

Tokai Tokyo Financial Holdings'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 )
=0.185/ 0.265
=0.70

Tokai Tokyo Financial Holdings'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 )
=0.109/ 0.119
=0.92

* 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 0.92 mean?
Tokai Tokyo Financial Holdings (FRA:TO91) has a Dividend Payout Ratio of 0.92 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Tokai Tokyo Financial Holdings and its competitors. This is 30% above median its historical median of 0.71. Over the past decade, Tokai Tokyo Financial Holdings' Dividend Payout Ratio has ranged from 0.53 to 19.73. According to the industry distribution chart, Tokai Tokyo Financial Holdings ranks #238 out of 328 companies in the Capital Markets industry, placing it in the top 72.6%.
Is Tokai Tokyo Financial Holdings' Dividend Payout Ratio too high?
Tokai Tokyo Financial Holdings' current Dividend Payout Ratio of 0.92 is 30% above median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 19.73. The Capital Markets industry median Dividend Payout Ratio is 0.34. Tokai Tokyo Financial Holdings' value of 0.92 is 170.6% above this industry median. Based on the distribution chart, Tokai Tokyo Financial Holdings ranks #238 out of 328 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Tokai Tokyo Financial Holdings has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokai Tokyo Financial Holdings' Dividend Payout Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, Tokai Tokyo Financial Holdings ranks #238 out of 328 companies for Dividend Payout Ratio. This places Tokai Tokyo Financial Holdings in the lower half of its industry. The industry median Dividend Payout Ratio is 0.34. Tokai Tokyo Financial Holdings' value of 0.92 is 170.6% above this benchmark. Historically, Tokai Tokyo Financial Holdings' own Dividend Payout Ratio has ranged from 0.53 to 19.73 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 0.34, Tokai Tokyo Financial Holdings 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. Tokai Tokyo Financial Holdings's current Dividend Payout Ratio of 0.92 is 170.6% 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 Tokai Tokyo Financial Holdings 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. Tokai Tokyo Financial Holdings's current Dividend Payout Ratio is 0.92, which is 30% 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 Tokai Tokyo Financial Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tokai Tokyo Financial Holdings (FRA:TO91) is currently considered Modestly Overvalued. The stock's GF Value™ is €3.36, compared to a current price of €4.10 — trading 22% above its estimated fair value. The current Dividend Payout Ratio is 0.92, which is 30% above median its 10-year median of 0.71 and 170.6% above the Capital Markets industry median of 0.34. Tokai Tokyo Financial Holdings' overall GF Score™ is 75/100 with 5 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 Tokai Tokyo Financial Holdings (FRA:TO91), the current Dividend Payout Ratio is 0.92 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 Tokai Tokyo Financial Holdings (FRA:TO91) Overvalued in 2026?

Based on GuruFocus' analysis, Tokai Tokyo Financial Holdings stock appears to be overvalued. The current stock price of €4.10 is trading 22% above its estimated GF Value™ of €3.36. GuruFocus considers Tokai Tokyo Financial Holdings to be Modestly Overvalued.

Key valuation signals for FRA:TO91:

  • Dividend Payout Ratio: 0.92 (30% above median its 10-year median of 0.71)
  • GF Value™: €3.36 vs. price of €4.10 (22% above fair value)
  • GF Score™: 75/100 with 5 warning signs
  • Industry Position: 170.6% above the Capital Markets median (#238 of 328)

No single metric tells the full story. See the FRA:TO91 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tokai Tokyo Financial Holdings Business Description

Other Exchanges 8616:Japan
Address 6-2, Nihonbashi 3-chome, Chuo-ku, Tokyo, JPN, 103-0027
Tokai Tokyo Financial Holdings Inc. is the holding company of the Tokai Tokyo Financial Group. It operates and manages the group's companies. Tokai Tokyo Financial Group consists primarily of companies in Japan, but a few are in overseas markets. Tokyo Securities is the operating nucleus of the group and manages financial instruments businesses, fund management, back-office services, and research. For the overall group, operations are divided into trading activities and commissions. Tokai's commissions are gained through brokerage services and underwriting and distribution.
75GF Score

Get the complete analysis for FRA:TO91

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

€4.10
Price
€3.36
GF Value