The Hour Glass (SGX:AGS) Dividend Payout Ratio: 0.12 (As of Mar. 2026) — 59% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SGX:AGS The Hour Glass Ltd SGX:AGS
89 GF Score
Price S$2.73
GF Value S$2.07
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is The Hour Glass Dividend Payout Ratio?

The Hour Glass SGX:AGS -1.09% 89 Dividend Payout Ratio is 0.12 as of Mar. 2026, which is 59% below its 10-year median of 0.29. GuruFocus rates SGX:AGS with a GF Score™ of 89/100 and a GF Value™ of S$2.07 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 507 Retail - Cyclical companies, The Hour Glass ranks better than 77.91% 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. The Hour Glass's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.12.

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

SGX:AGS' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.2   Med: 0.29   Max: 0.38
Current: 0.22

During the past 13 years, the highest Dividend Payout Ratio of The Hour Glass was 0.38. The lowest was 0.20. And the median was 0.29.

SGX:AGS's Dividend Payout Ratio is ranked better than
77.91% of 507 companies
in the Retail - Cyclical industry
Industry Median: 0.4 vs SGX:AGS: 0.22

As of today (2026-08-28), the Dividend Yield % of The Hour Glass is 2.17%.

During the past 13 years, the highest Trailing Annual Dividend Yield of The Hour Glass was 5.77%. The lowest was 1.78%. And the median was 3.16%.

The Hour Glass's Dividends per Share for the months ended in Mar. 2026 was S$0.02.

During the past 12 months, The Hour Glass's average Dividends Per Share Growth Rate was -25.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -9.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 18.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of The Hour Glass was 81.70% per year. The lowest was -9.10% per year. And the median was 20.25% 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.

The Hour Glass (SGX:AGS) 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.

The Hour Glass Dividend Payout Ratio Related Terms

The Hour Glass Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for The Hour Glass'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.

The Hour Glass Dividend Payout Ratio Chart

The Hour Glass 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 0.27 0.31 0.34 0.38 0.22

The Hour Glass 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 0.16 0.63 0.17 0.35 0.12

SGX:AGS vs TPR: Dividend Payout Ratio Comparison

For the Luxury Goods subindustry, The Hour Glass'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.

The Hour Glass Dividend Payout Ratio vs Retail - Cyclical Industry

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

* The bar in red indicates where The Hour Glass's Dividend Payout Ratio falls into.


SGX:AGS
89GF Score
The Hour Glass Ltd SGX:AGS
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Hour Glass 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.

The Hour Glass'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 )
=0.06/ 0.277
=0.22

The Hour Glass'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 )
=0.02/ 0.161
=0.12

* 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 0.12 mean?
The Hour Glass (SGX:AGS) has a Dividend Payout Ratio of 0.12 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on The Hour Glass and its competitors. This is 59% below median its historical median of 0.29. Over the past decade, The Hour Glass' Dividend Payout Ratio has ranged from 0.20 to 0.38. According to the industry distribution chart, The Hour Glass ranks #112 out of 507 companies in the Retail - Cyclical industry, placing it in the top 22.1%.
Is The Hour Glass' Dividend Payout Ratio too high?
The Hour Glass' current Dividend Payout Ratio of 0.12 is 59% below median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 0.38. The Retail - Cyclical industry median Dividend Payout Ratio is 0.40. The Hour Glass' value of 0.12 is 70% below this industry median. Based on the distribution chart, The Hour Glass ranks #112 out of 507 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, The Hour Glass has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Hour Glass' Dividend Payout Ratio compare to TPR?
According to the Retail - Cyclical industry distribution chart, The Hour Glass ranks #112 out of 507 companies for Dividend Payout Ratio. This places The Hour Glass in the top 22% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.40. The Hour Glass' value of 0.12 is 70% below this benchmark. Historically, The Hour Glass' own Dividend Payout Ratio has ranged from 0.20 to 0.38 over the past decade. While the company's 10-year median is 0.29 vs. the industry median of 0.40, The Hour Glass 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 0.40, based on 507 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. The Hour Glass's current Dividend Payout Ratio of 0.12 is 70% 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 The Hour Glass and its competitors. For the Retail - Cyclical industry, the median Dividend Payout Ratio is 0.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Hour Glass's current Dividend Payout Ratio is 0.12, which is 59% below median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Hour Glass stock overvalued right now?
Based on GuruFocus' analysis, The Hour Glass (SGX:AGS) is currently considered Significantly Overvalued. The stock's GF Value™ is S$2.07, compared to a current price of S$2.73 — trading 31.9% above its estimated fair value. The current Dividend Payout Ratio is 0.12, which is 59% below median its 10-year median of 0.29 and 70% below the Retail - Cyclical industry median of 0.40. The Hour Glass' overall GF Score™ is 89/100 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 The Hour Glass (SGX:AGS), the current Dividend Payout Ratio is 0.12 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 The Hour Glass (SGX:AGS) Overvalued in 2026?

Based on GuruFocus' analysis, The Hour Glass stock appears to be overvalued. The current stock price of S$2.73 is trading 31.9% above its estimated GF Value™ of S$2.07. GuruFocus considers The Hour Glass to be Significantly Overvalued.

Key valuation signals for SGX:AGS:

  • Dividend Payout Ratio: 0.12 (59% below median its 10-year median of 0.29)
  • GF Value™: S$2.07 vs. price of S$2.73 (31.9% above fair value)
  • GF Score™: 89/100 with 5 warning signs
  • Industry Position: 70% below the Retail - Cyclical median (#112 of 507)

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

The Hour Glass Business Description

Address 302 Orchard Road, No. 11-01 Tong Building, Singapore, SGP, 238862
The Hour Glass Ltd is a Singapore-based investment holding company. Along with its subsidiaries, the company is engaged in retailing and distribution of watches, jewellery, and other luxury products, investment in properties, and investment holding. It retails watches, jewellery, and other luxury products of brands such as Rolex, Patek Philippe, Akrivia, Daniel Roth, Hublot, Biver, Omega, Bvlgari, Cartier, and others through boutique stores across Singapore, Malaysia, Thailand, Vietnam, Hong Kong, Japan, Australia, and New Zealand. Geographically, the group generates maximum revenue from Southeast Asia and Oceania, followed by Northeast Asia.
89GF Score

Get the complete analysis for SGX:AGS

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

S$2.73
Price
S$2.07
GF Value