Alexander Forbes Group Holdings (JSE:AFH) Dividend Payout Ratio: 0.74 (As of Mar. 2026) — 20% Below Median


JSE:AFH Alexander Forbes Group Holdings Ltd JSE:AFH
68 GF Score
Price R7.75
GF Value R8.62
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Alexander Forbes Group Holdings Dividend Payout Ratio?

Alexander Forbes Group Holdings JSE:AFH +3.33% 68 Dividend Payout Ratio is 0.74 as of Mar. 2026, which is 20% below its 10-year median of 0.92. GuruFocus rates JSE:AFH with a GF Score™ of 68/100 and a GF Value™ of R8.62 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 42 Diversified Financial Services companies, Alexander Forbes Group Holdings ranks worse than 90.48% 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. Alexander Forbes Group Holdings's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.74.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Alexander Forbes Group Holdings Ltd is 0.97, which seems too high.

The historical rank and industry rank for Alexander Forbes Group Holdings's Dividend Payout Ratio or its related term are showing as below:

JSE:AFH' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.61   Med: 0.92   Max: 1.31
Current: 0.97

During the past 13 years, the highest Dividend Payout Ratio of Alexander Forbes Group Holdings was 1.31. The lowest was 0.61. And the median was 0.92.

JSE:AFH's Dividend Payout Ratio is ranked worse than
90.48% of 42 companies
in the Diversified Financial Services industry
Industry Median: 0.415 vs JSE:AFH: 0.97

As of today (2026-07-01), the Dividend Yield % of Alexander Forbes Group Holdings is 7.35%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Alexander Forbes Group Holdings was 12.00%. The lowest was 3.40%. And the median was 6.33%.

Alexander Forbes Group Holdings's Dividends per Share for the months ended in Mar. 2026 was R0.24.

During the past 12 months, Alexander Forbes Group Holdings's average Dividends Per Share Growth Rate was 9.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 17.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 22.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 4.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Alexander Forbes Group Holdings was 35.30% per year. The lowest was -20.60% per year. And the median was 10.60% 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.

Alexander Forbes Group Holdings (JSE:AFH) 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.

Alexander Forbes Group Holdings Dividend Payout Ratio Related Terms

Alexander Forbes Group Holdings Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Alexander Forbes Group 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.

Alexander Forbes Group Holdings Dividend Payout Ratio Chart

Alexander Forbes Group 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 0.61 0.82 0.93 0.91 1.00

Alexander Forbes Group Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.81 1.06 0.77 1.26 0.74

JSE:AFH vs VOYA, FRHC: Dividend Payout Ratio Comparison

For the Financial Conglomerates subindustry, Alexander Forbes Group 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.

Alexander Forbes Group Holdings Dividend Payout Ratio vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Alexander Forbes Group Holdings's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Alexander Forbes Group Holdings's Dividend Payout Ratio falls into.


JSE:AFH
68GF Score
Alexander Forbes Group Holdings Ltd JSE:AFH
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alexander Forbes Group 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.

Alexander Forbes Group 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 )
=0.57/ 0.573
=0.99

Alexander Forbes Group 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 )
=0.24/ 0.325
=0.74

* 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 0.74 mean?
Alexander Forbes Group Holdings (JSE:AFH) has a Dividend Payout Ratio of 0.74 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Alexander Forbes Group Holdings and its competitors. This is 20% below median its historical median of 0.92. Over the past decade, Alexander Forbes Group Holdings' Dividend Payout Ratio has ranged from 0.61 to 1.31. According to the industry distribution chart, Alexander Forbes Group Holdings ranks #38 out of 42 companies in the Diversified Financial Services industry, placing it in the top 90.5%.
Is Alexander Forbes Group Holdings' Dividend Payout Ratio too high?
Alexander Forbes Group Holdings' current Dividend Payout Ratio of 0.74 is 20% below median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 1.31. The Diversified Financial Services industry median Dividend Payout Ratio is 0.42. Alexander Forbes Group Holdings' value of 0.74 is 78.3% above this industry median. Based on the distribution chart, Alexander Forbes Group Holdings ranks #38 out of 42 companies in the Diversified Financial Services industry, which is in the bottom quartile relative to peers. Overall, Alexander Forbes Group Holdings has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alexander Forbes Group Holdings' Dividend Payout Ratio compare to VOYA and FRHC?
According to the Diversified Financial Services industry distribution chart, Alexander Forbes Group Holdings ranks #38 out of 42 companies for Dividend Payout Ratio. This places Alexander Forbes Group Holdings in the lower half of its industry. The industry median Dividend Payout Ratio is 0.42. Alexander Forbes Group Holdings' value of 0.74 is 78.3% above this benchmark. Historically, Alexander Forbes Group Holdings' own Dividend Payout Ratio has ranged from 0.61 to 1.31 over the past decade. While the company's 10-year median is 0.92 vs. the industry median of 0.42, Alexander Forbes Group 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 Diversified Financial Services company?
The median Dividend Payout Ratio among Diversified Financial Services companies is 0.42, based on 42 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. Alexander Forbes Group Holdings's current Dividend Payout Ratio of 0.74 is 78.3% 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 Alexander Forbes Group Holdings and its competitors. For the Diversified Financial Services industry, the median Dividend Payout Ratio is 0.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alexander Forbes Group Holdings's current Dividend Payout Ratio is 0.74, which is 20% below median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alexander Forbes Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Alexander Forbes Group Holdings (JSE:AFH) is currently considered Modestly Undervalued. The stock's GF Value™ is R8.62, compared to a current price of R7.75 — trading 10.1% below its estimated fair value. The current Dividend Payout Ratio is 0.74, which is 20% below median its 10-year median of 0.92 and 78.3% above the Diversified Financial Services industry median of 0.42. Alexander Forbes Group Holdings' overall GF Score™ is 68/100 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 Alexander Forbes Group Holdings (JSE:AFH), the current Dividend Payout Ratio is 0.74 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 Alexander Forbes Group Holdings (JSE:AFH) Overvalued in 2026?

Based on GuruFocus' analysis, Alexander Forbes Group Holdings stock appears to be undervalued. The current stock price of R7.75 is trading 10.1% below its estimated GF Value™ of R8.62. GuruFocus considers Alexander Forbes Group Holdings to be Modestly Undervalued.

Key valuation signals for JSE:AFH:

  • Dividend Payout Ratio: 0.74 (20% below median its 10-year median of 0.92)
  • GF Value™: R8.62 vs. price of R7.75 (10.1% below fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 78.3% above the Diversified Financial Services median (#38 of 42)

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

Alexander Forbes Group Holdings Business Description

Address 115 West Street, Sandown, Johannesburg, GT, ZAF, 2196
Alexander Forbes Group Holdings Ltd is a South Africa-based diversified financial services company. The company operates through seven segments: Retirement consulting, Healthcare consulting, Investments, Individual consulting, Multinational consulting, Solutions & Enablement, and Client Services & Business Optimization. Its services include Retirement consulting, Investments, Healthcare, Preservation funds, and Others. The company also offers online services.
68GF Score

Get the complete analysis for JSE:AFH

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

R7.75
Price
R8.62
GF Value