HSYDF (Harmonic Drive Systems) Dividend Payout Ratio: 0.91 (As of Mar. 2026) — 176% Above Median


HSYDF Harmonic Drive Systems Inc HSYDF
69 GF Score
Price $48.81
GF Value $23.38
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Harmonic Drive Systems Dividend Payout Ratio?

Harmonic Drive Systems HSYDF +0.90% 69 Dividend Payout Ratio is 0.91 as of Mar. 2026, which is 176% above its 10-year median of 0.33. GuruFocus rates HSYDF with a GF Score™ of 69/100 and a GF Value™ of $23.38 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,724 Industrial Products companies, Harmonic Drive Systems ranks worse than 89.97% 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. Harmonic Drive Systems's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.91.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Harmonic Drive Systems Inc is 1.09, which seems too high.

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

HSYDF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.33   Max: 19.05
Current: 1.11

During the past 13 years, the highest Dividend Payout Ratio of Harmonic Drive Systems was 19.05. The lowest was 0.26. And the median was 0.33.

HSYDF's Dividend Payout Ratio is ranked worse than
89.97% of 1724 companies
in the Industrial Products industry
Industry Median: 0.37 vs HSYDF: 1.11

As of today (2026-06-25), the Dividend Yield % of Harmonic Drive Systems is 0.26%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Harmonic Drive Systems was 1.19%. The lowest was 0.22%. And the median was 0.55%.

Harmonic Drive Systems's Dividends per Share for the months ended in Mar. 2026 was $0.06.

During the past 3 years, the average Dividends Per Share Growth Rate was -10.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -1.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -0.70% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Harmonic Drive Systems was 59.70% per year. The lowest was -39.70% per year. And the median was 4.30% 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.

Harmonic Drive Systems (OTCPK:HSYDF) 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.

Harmonic Drive Systems Dividend Payout Ratio Related Terms

Harmonic Drive Systems Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Harmonic Drive Systems'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.

Harmonic Drive Systems Dividend Payout Ratio Chart

Harmonic Drive Systems 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 0.33 3.69 19.14 1.09

Harmonic Drive Systems 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 2.23 0.00 2.72 0.00 0.91

HSYDF vs GEV, ETN, PH: Dividend Payout Ratio Comparison

For the Specialty Industrial Machinery subindustry, Harmonic Drive Systems'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.

Harmonic Drive Systems Dividend Payout Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Harmonic Drive Systems's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Harmonic Drive Systems's Dividend Payout Ratio falls into.


HSYDF
69GF Score
Harmonic Drive Systems Inc HSYDF
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Harmonic Drive Systems 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.

Harmonic Drive Systems'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 )
=0.126/ 0.116
=1.09

Harmonic Drive Systems'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 )
=0.063/ 0.069
=0.91

* 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 0.91 mean?
Harmonic Drive Systems (HSYDF) has a Dividend Payout Ratio of 0.91 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Harmonic Drive Systems and its competitors. This is 176% above median its historical median of 0.33. Over the past decade, Harmonic Drive Systems' Dividend Payout Ratio has ranged from 0.26 to 19.05. According to the industry distribution chart, Harmonic Drive Systems ranks #1551 out of 1724 companies in the Industrial Products industry, placing it in the top 90%.
Is Harmonic Drive Systems' Dividend Payout Ratio too high?
Harmonic Drive Systems' current Dividend Payout Ratio of 0.91 is 176% above median its 10-year median of 0.33. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 19.05. The Industrial Products industry median Dividend Payout Ratio is 0.37. Harmonic Drive Systems' value of 0.91 is 145.9% above this industry median. Based on the distribution chart, Harmonic Drive Systems ranks #1551 out of 1724 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Harmonic Drive Systems has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harmonic Drive Systems' Dividend Payout Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Harmonic Drive Systems ranks #1551 out of 1724 companies for Dividend Payout Ratio. This places Harmonic Drive Systems in the lower half of its industry. The industry median Dividend Payout Ratio is 0.37. Harmonic Drive Systems' value of 0.91 is 145.9% above this benchmark. Historically, Harmonic Drive Systems' own Dividend Payout Ratio has ranged from 0.26 to 19.05 over the past decade. While the company's 10-year median is 0.33 vs. the industry median of 0.37, Harmonic Drive Systems 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 Industrial Products company?
The median Dividend Payout Ratio among Industrial Products companies is 0.37, based on 1,724 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. Harmonic Drive Systems's current Dividend Payout Ratio of 0.91 is 145.9% 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 Harmonic Drive Systems 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. Harmonic Drive Systems's current Dividend Payout Ratio is 0.91, which is 176% above median its own 10-year median of 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harmonic Drive Systems stock overvalued right now?
Based on GuruFocus' analysis, Harmonic Drive Systems (HSYDF) is currently considered Significantly Overvalued. The stock's GF Value™ is $23.38, compared to a current price of $48.81 — trading 108.8% above its estimated fair value. The current Dividend Payout Ratio is 0.91, which is 176% above median its 10-year median of 0.33 and 145.9% above the Industrial Products industry median of 0.37. Harmonic Drive Systems' overall GF Score™ is 69/100 with 10 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 Harmonic Drive Systems (HSYDF), the current Dividend Payout Ratio is 0.91 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 Harmonic Drive Systems (HSYDF) Overvalued in 2026?

Based on GuruFocus' analysis, Harmonic Drive Systems stock appears to be overvalued. The current stock price of $48.81 is trading 108.8% above its estimated GF Value™ of $23.38. GuruFocus considers Harmonic Drive Systems to be Significantly Overvalued.

Key valuation signals for HSYDF:

  • Dividend Payout Ratio: 0.91 (176% above median its 10-year median of 0.33)
  • GF Value™: $23.38 vs. price of $48.81 (108.8% above fair value)
  • GF Score™: 69/100 with 10 warning signs
  • Industry Position: 145.9% above the Industrial Products median (#1551 of 1724)

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

Harmonic Drive Systems Business Description

Other Exchanges 6324:JapanK3R:Germany
Address 6-25-3 Minami-Oi, Shinagawa-ku, Tokyo, JPN, 140-0013
Harmonic Drive Systems manufactures and sells high-precision reduction gears (harmonic reducers) under the Harmonic Drive brand as well as other mechatronics products, including rotary actuators, linear actuators, and AC servo motors. The company also provides planetary gear speed reducers under the AccuDrive and Harmonic Planetary brands. Its products are used in industrial robots, semiconductor production equipment, and other high-precision equipment. HDS was founded in 1970 and is headquartered in Tokyo, Japan.
69GF Score

Get the complete analysis for HSYDF

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

$48.81
Price
$23.38
GF Value