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JiaXing Gas Group CoHKSE:09908 +2.11%80 Dividend Payout Ratio is 0.28 as of Dec. 2025, which is 30% below its 10-year median of 0.40. GuruFocus rates HKSE:09908 with a GF Score™ of 80/100 and a GF Value™ of HK$7.24 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 374 Utilities - Regulated companies, JiaXing Gas Group Co ranks better than 65.51% 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. JiaXing Gas Group Co's Dividend Payout Ratio for the
months ended in Dec. 2025 was 0.28.
The historical rank and industry rank for JiaXing Gas Group Co's Dividend Payout Ratio or its related term are showing as below:
HKSE:09908'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.21 Med: 0.4 Max: 0.49
Current: 0.39
During the past 9 years, the highest Dividend Payout Ratio of JiaXing Gas Group Co was 0.49. The lowest was 0.21. And the median was 0.40.
HKSE:09908's Dividend Payout Ratio is ranked better than 65.51% of 374
companies
in the Utilities - Regulated industry
Industry Median: 0.535
vs HKSE:09908: 0.39
During the past 12 months, JiaXing Gas Group Co's average Dividends Per Share Growth Rate was -32.30% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 37.70% per year.
During the past 9 years, the highest 3-Year average Dividends Per Share Growth Rate of JiaXing Gas Group Co was 37.70% per year. The lowest was 12.40% per year. And the median was 25.05% 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.
JiaXing Gas Group Co (HKSE:09908) 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.
JiaXing Gas Group Co Dividend Payout Ratio Related Terms
JiaXing Gas Group Co Dividend Payout Ratio Historical Data
* Premium members only.
The historical data trend for JiaXing Gas Group 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.
HKSE:09908 vs ATO, NI: Dividend Payout Ratio Comparison
For the Utilities - Regulated Gas subindustry, JiaXing Gas Group 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.
JiaXing Gas Group Co Dividend Payout Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, JiaXing Gas Group Co's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where JiaXing Gas Group Co's Dividend Payout Ratio falls into.
JiaXing Gas Group 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.
JiaXing Gas Group Co's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
JiaXing Gas Group Co (HKSE:09908) has a Dividend Payout Ratio of 0.28 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on JiaXing Gas Group Co and its competitors. This is 30% below median its historical median of 0.40. Over the past decade, JiaXing Gas Group Co's Dividend Payout Ratio has ranged from 0.21 to 0.49. According to the industry distribution chart, JiaXing Gas Group Co ranks #129 out of 374 companies in the Utilities - Regulated industry, placing it in the top 34.5%.
Is JiaXing Gas Group Co's Dividend Payout Ratio too high?
JiaXing Gas Group Co's current Dividend Payout Ratio of 0.28 is 30% below median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 0.49. The Utilities - Regulated industry median Dividend Payout Ratio is 0.54. JiaXing Gas Group Co's value of 0.28 is 47.7% below this industry median. Based on the distribution chart, JiaXing Gas Group Co ranks #129 out of 374 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, JiaXing Gas Group Co has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JiaXing Gas Group Co's Dividend Payout Ratio compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, JiaXing Gas Group Co ranks #129 out of 374 companies for Dividend Payout Ratio. This puts JiaXing Gas Group Co in the upper half of its industry. The industry median Dividend Payout Ratio is 0.54. JiaXing Gas Group Co's value of 0.28 is 47.7% below this benchmark. Historically, JiaXing Gas Group Co's own Dividend Payout Ratio has ranged from 0.21 to 0.49 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 0.54, JiaXing Gas Group Co 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 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. JiaXing Gas Group Co's current Dividend Payout Ratio of 0.28 is 47.7% 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 JiaXing Gas Group Co 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. JiaXing Gas Group Co's current Dividend Payout Ratio is 0.28, which is 30% below median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JiaXing Gas Group Co stock overvalued right now?
Based on GuruFocus' analysis, JiaXing Gas Group Co (HKSE:09908) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$7.24, compared to a current price of HK$8.48 — trading 17.1% above its estimated fair value. The current Dividend Payout Ratio is 0.28, which is 30% below median its 10-year median of 0.40 and 47.7% below the Utilities - Regulated industry median of 0.54. JiaXing Gas Group Co's overall GF Score™ is 80/100 with 9 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 JiaXing Gas Group Co (HKSE:09908), the current Dividend Payout Ratio is 0.28 as of Dec. 2025. 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 JiaXing Gas Group Co (HKSE:09908) Overvalued in 2026?
Based on GuruFocus' analysis, JiaXing Gas Group Co stock appears to be overvalued.
The current stock price of HK$8.48 is trading 17.1% above its estimated GF Value™ of HK$7.24.
GuruFocus considers JiaXing Gas Group Co to be Modestly Overvalued.
Key valuation signals for HKSE:09908:
Dividend Payout Ratio: 0.28 (30% below median its 10-year median of 0.40)
GF Value™: HK$7.24 vs. price of HK$8.48 (17.1% above fair value)
Industry Position: 47.7% below the Utilities - Regulated median (#129 of 374)
No single metric tells the full story. See the HKSE:09908 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JiaXing Gas Group Co Ltd is engaged in the sale of gas, mainly piped natural gas(PNG) (under the concessions), liquefied natural gas (LNG) and liquefied petroleum gas (LPG) in Jiaxing; (ii) provision of construction and installation services; and (iii) other activities, including provision of natural gas transportation services, sale of vapour and construction materials, and leasing of properties, etc. Geographically, the company generates all of its revenue from Mainland China.
80GF Score
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