JAPAF (Japan Tobacco) Dividend Payout Ratio: 0.00 (As of Mar. 2026)


JAPAF Japan Tobacco Inc JAPAF
78 GF Score
Price $37.74
GF Value $33.10
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Japan Tobacco Dividend Payout Ratio?

Japan Tobacco JAPAF 78 Dividend Payout Ratio is 0.00 as of Mar. 2026. GuruFocus rates JAPAF with a GF Score™ of 78/100 and a GF Value™ of $33.10 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 29 Tobacco Products companies, Japan Tobacco ranks worse than 62.07% 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. Japan Tobacco's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Japan Tobacco Inc is 0.77, which seems too high.

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

JAPAF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.55   Med: 0.74   Max: 1.99
Current: 0.77

During the past 13 years, the highest Dividend Payout Ratio of Japan Tobacco was 1.99. The lowest was 0.55. And the median was 0.74.

JAPAF's Dividend Payout Ratio is ranked worse than
62.07% of 29 companies
in the Tobacco Products industry
Industry Median: 0.68 vs JAPAF: 0.77

As of today (2026-06-25), the Dividend Yield % of Japan Tobacco is 4.03%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Japan Tobacco was 8.50%. The lowest was 2.98%. And the median was 5.30%.

Japan Tobacco's Dividends per Share for the months ended in Mar. 2026 was $0.00.

During the past 12 months, Japan Tobacco's average Dividends Per Share Growth Rate was 20.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 7.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 9.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 6.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Japan Tobacco was 41.30% per year. The lowest was -2.30% per year. And the median was 13.40% 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.

Japan Tobacco (OTCPK:JAPAF) 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.

Japan Tobacco Dividend Payout Ratio Related Terms

Japan Tobacco Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Japan Tobacco'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.

Japan Tobacco Dividend Payout Ratio Chart

Japan Tobacco Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.73 0.75 0.71 2.00 0.83

Japan Tobacco 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 0.00 1.14 0.00 0.00 0.00

JAPAF vs PM, MO, TPB: Dividend Payout Ratio Comparison

For the Tobacco subindustry, Japan Tobacco'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.

Japan Tobacco Dividend Payout Ratio vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Japan Tobacco's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Japan Tobacco's Dividend Payout Ratio falls into.


JAPAF
78GF Score
Japan Tobacco Inc JAPAF
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Japan Tobacco 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.

Japan Tobacco's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=1.501/ 1.803
=0.83

Japan Tobacco'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/ 0.699
=0.00

* 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 0.00 mean?
Japan Tobacco (JAPAF) has a Dividend Payout Ratio of 0.00 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Japan Tobacco and its competitors. Over the past decade, Japan Tobacco's Dividend Payout Ratio has ranged from 0.55 to 1.99. According to the industry distribution chart, Japan Tobacco ranks #18 out of 29 companies in the Tobacco Products industry, placing it in the top 62.1%.
Is Japan Tobacco's Dividend Payout Ratio too high?
Japan Tobacco's current Dividend Payout Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 1.99. Based on the distribution chart, Japan Tobacco ranks #18 out of 29 companies in the Tobacco Products industry, which is below the industry midpoint. Overall, Japan Tobacco has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Japan Tobacco's Dividend Payout Ratio compare to PM and MO?
According to the Tobacco Products industry distribution chart, Japan Tobacco ranks #18 out of 29 companies for Dividend Payout Ratio. This places Japan Tobacco in the lower half of its industry. The industry median Dividend Payout Ratio is 0.68. Historically, Japan Tobacco's own Dividend Payout Ratio has ranged from 0.55 to 1.99 over the past decade. 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 Tobacco Products company?
The median Dividend Payout Ratio among Tobacco Products companies is 0.68, based on 29 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. 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 Japan Tobacco and its competitors. For the Tobacco Products industry, the median Dividend Payout Ratio is 0.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Tobacco's current Dividend Payout Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Tobacco stock overvalued right now?
Based on GuruFocus' analysis, Japan Tobacco (JAPAF) is currently considered Modestly Overvalued. The stock's GF Value™ is $33.10, compared to a current price of $37.74 — trading 14% above its estimated fair value. The current Dividend Payout Ratio is 0.00. Japan Tobacco's overall GF Score™ is 78/100 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 Japan Tobacco (JAPAF), the current Dividend Payout Ratio is 0.00 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 Japan Tobacco (JAPAF) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Tobacco stock appears to be overvalued. The current stock price of $37.74 is trading 14% above its estimated GF Value™ of $33.10. GuruFocus considers Japan Tobacco to be Modestly Overvalued.

Key valuation signals for JAPAF:

  • Dividend Payout Ratio: 0.00
  • GF Value™: $33.10 vs. price of $37.74 (14% above fair value)
  • GF Score™: 78/100 with 7 warning signs

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

Japan Tobacco Business Description

Address 4-1-1 Toranomon, Minato-ku, Tokyo, JPN, 105-6927
Japan Tobacco primarily sells cigarettes and reduced-risk products, organized in three clusters consisting of Asia (which includes its home market and countries in Asia Pacific), Western Europe, and EMA (which includes Eastern Europe, the Middle East North Africa, Turkey, Americas, and duty-free). Its leading cigarette brands include Winston (non-US), Camel (non-US), Mevius, and LD. Its reduced-risk brands include Logic in vaping, Ploom in heated tobacco, and Nordic Spirit in nicotine pouches, though these generates less than 5% of tobacco sales.
78GF Score

Get the complete analysis for JAPAF

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

$37.74
Price
$33.10
GF Value