Lewis Group (JSE:LEW) Dividend Payout Ratio: 0.32 (As of Mar. 2026) — 36% Below Median

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Lewis Group Ltd JSE:LEW

93 GF Score

Price R98.41

GF Value R84.07

Valuation Modestly Overvalued

6 Warning Signs

View Full Analysis

What is Lewis Group Dividend Payout Ratio?

Lewis Group JSE:LEW +0.42% 93 Dividend Payout Ratio is 0.32 as of Mar. 2026, which is 36% below its 10-year median of 0.50. GuruFocus rates JSE:LEW with a GF Score™ of 93/100 and a GF Value™ of R84.07 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 506 Retail - Cyclical companies, Lewis Group ranks worse than 58.3% 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. Lewis Group's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.32.

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

JSE:LEW' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.33 Med: 0.5 Max: 1.02
Current: 0.5

During the past 13 years, the highest Dividend Payout Ratio of Lewis Group was 1.02. The lowest was 0.33. And the median was 0.50.

JSE:LEW's Dividend Payout Ratio is ranked worse than
58.3% of 506 companies
in the Retail - Cyclical industry
Industry Median: 0.415 vs JSE:LEW: 0.50

As of today (2026-07-15), the Dividend Yield % of Lewis Group is 8.54%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Lewis Group was 20.08%. The lowest was 3.93%. And the median was 8.07%.

Lewis Group's Dividends per Share for the months ended in Mar. 2026 was R3.37.

During the past 12 months, Lewis Group's average Dividends Per Share Growth Rate was 39.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 26.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 27.50% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 7.60% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Lewis Group was 68.90% per year. The lowest was -27.10% per year. And the median was 10.90% 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.

Lewis Group (JSE:LEW) 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.

Lewis Group Dividend Payout Ratio Related Terms

Lewis Group Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Lewis Group'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.

Lewis Group Dividend Payout Ratio Chart

Lewis Group Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Dividend Payout Ratio

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0.47

0.50

0.47

0.42

0.50

Lewis Group 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															0.38	0.55	0.34	0.79	0.32

JSE:LEW vs CASY, WSM, DKS: Dividend Payout Ratio Comparison

For the Specialty Retail subindustry, Lewis Group'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.

Lewis Group Dividend Payout Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Lewis Group's Dividend Payout Ratio distribution charts can be found below:

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

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93GF Score

Lewis Group Ltd JSE:LEW

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Lewis Group Dividend Payout Ratio Calculation

Lewis Group'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 )
	=	8.37	/	16.904
	=	0.50

Lewis Group'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 )
	=	3.37	/	10.583
	=	0.32

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.32 mean?

Lewis Group (JSE:LEW) has a Dividend Payout Ratio of 0.32 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Lewis Group and its competitors. This is 36% below median its historical median of 0.50. Over the past decade, Lewis Group's Dividend Payout Ratio has ranged from 0.33 to 1.02. According to the industry distribution chart, Lewis Group ranks #295 out of 506 companies in the Retail - Cyclical industry, placing it in the top 58.3%.

Is Lewis Group's Dividend Payout Ratio too high?

Lewis Group's current Dividend Payout Ratio of 0.32 is 36% below median its 10-year median of 0.50. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 1.02. The Retail - Cyclical industry median Dividend Payout Ratio is 0.42. Lewis Group's value of 0.32 is 22.9% below this industry median. Based on the distribution chart, Lewis Group ranks #295 out of 506 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Lewis Group has a GF Score™ of 93/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Lewis Group's Dividend Payout Ratio compare to CASY and WSM?

According to the Retail - Cyclical industry distribution chart, Lewis Group ranks #295 out of 506 companies for Dividend Payout Ratio. This places Lewis Group in the lower half of its industry. The industry median Dividend Payout Ratio is 0.42. Lewis Group's value of 0.32 is 22.9% below this benchmark. Historically, Lewis Group's own Dividend Payout Ratio has ranged from 0.33 to 1.02 over the past decade. While the company's 10-year median is 0.50 vs. the industry median of 0.42, Lewis Group 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 a Retail - Cyclical company?

The median Dividend Payout Ratio among Retail - Cyclical companies is 0.42, based on 506 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. Lewis Group's current Dividend Payout Ratio of 0.32 is 22.9% 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 Lewis Group and its competitors. For the Retail - Cyclical 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. Lewis Group's current Dividend Payout Ratio is 0.32, which is 36% below median its own 10-year median of 0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Lewis Group stock overvalued right now?

Based on GuruFocus' analysis, Lewis Group (JSE:LEW) is currently considered Modestly Overvalued. The stock's GF Value™ is R84.07, compared to a current price of R98.41 — trading 17.1% above its estimated fair value. The current Dividend Payout Ratio is 0.32, which is 36% below median its 10-year median of 0.50 and 22.9% below the Retail - Cyclical industry median of 0.42. Lewis Group's overall GF Score™ is 93/100 with 6 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 Lewis Group (JSE:LEW), the current Dividend Payout Ratio is 0.32 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 Lewis Group (JSE:LEW) Overvalued in 2026?

Based on GuruFocus' analysis, Lewis Group stock appears to be overvalued. The current stock price of R98.41 is trading 17.1% above its estimated GF Value™ of R84.07. GuruFocus considers Lewis Group to be Modestly Overvalued.

Key valuation signals for JSE:LEW:

Dividend Payout Ratio: 0.32 (36% below median its 10-year median of 0.50)
GF Value™: R84.07 vs. price of R98.41 (17.1% above fair value)
GF Score™: 93/100 with 6 warning signs
Industry Position: 22.9% below the Retail - Cyclical median (#295 of 506)

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

Lewis Group Business Description

Industry Consumer Cyclical Retail - Cyclical

Comparable Companies JSE:WVR JSE:KAL JSE:NCS TSX:ATD CASY WSM DKS ULTA BBY TSCO SHSE:601888 ADX:ADNOCDIST TPE:3045 FIVE GME MUSA XSWX:AVOL TSE:8136 TSX:CTC.A BSP:VBBR3

Address 53A Victoria Road, Universal House, Woodstock, Cape Town, ZAF, 7925

Website https://www.lewisgroup.co.za

Lewis Group Ltd is a South Africa-based retailer of household furniture and electrical appliances through its three trading brands, Lewis, Beares, and Best Home and Electric. Lewis sells a range of household furniture, electrical appliances, and home electronics to customers in the LSM 4 to 7 categories. Best Home and Electric is a retailer of electrical appliances, sound and vision equipment, and furniture, targeting LSM four to seven customers. Its operating segments are Traditional retail and Cash retail. The company generates majority of the revenue from Traditional retail segment. Beares is a retailer of upmarket furniture, electrical appliances, and home electronics to customers in the LSM 6 to 9 categories.

93GF Score

Get the complete analysis for JSE:LEW

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

R98.41

Price

R84.07

GF Value

View JSE:LEW Analysis

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