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Zheshang Securities CoSHSE:601878 +0.10%63 Dividend Payout Ratio is 0.41 as of Mar. 2026, which is 37% above its 10-year median of 0.30. GuruFocus rates SHSE:601878 with a GF Score™ of 63/100 and a GF Value™ of ¥10.09 (Fairly Valued). The stock has 4 warning signs investors should review. Among 327 Capital Markets companies, Zheshang Securities Co ranks better than 56.88% 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. Zheshang Securities Co's Dividend Payout Ratio for the
months ended in Mar. 2026 was 0.41.
The historical rank and industry rank for Zheshang Securities Co's Dividend Payout Ratio or its related term are showing as below:
SHSE:601878'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.2 Med: 0.3 Max: 0.48
Current: 0.29
During the past 13 years, the highest Dividend Payout Ratio of Zheshang Securities Co was 0.48. The lowest was 0.20. And the median was 0.30.
SHSE:601878's Dividend Payout Ratio is ranked better than 56.88% of 327
companies
in the Capital Markets industry
Industry Median: 0.34
vs SHSE:601878: 0.29
During the past 13 years, the highest Trailing Annual Dividend Yield of Zheshang Securities Co was 3.04%. The lowest was 0.44%. And the median was 1.23%.
During the past 12 months, Zheshang Securities Co's average Dividends Per Share Growth Rate was -10.50% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was -4.10% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 7.40% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Zheshang Securities Co was 34.40% per year. The lowest was -4.10% per year. And the median was 9.10% 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.
Zheshang Securities Co (SHSE:601878) 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.
Zheshang Securities Co Dividend Payout Ratio Related Terms
Zheshang Securities Co Dividend Payout Ratio Historical Data
* Premium members only.
The historical data trend for Zheshang Securities Co'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.
Zheshang Securities Co Dividend Payout Ratio Chart
SHSE:601878 vs MS, GS, SCHW: Dividend Payout Ratio Comparison
For the Capital Markets subindustry, Zheshang Securities Co'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.
Zheshang Securities Co Dividend Payout Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Zheshang Securities Co's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Zheshang Securities Co's Dividend Payout Ratio falls into.
Zheshang Securities Co 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.
Zheshang Securities Co's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Zheshang Securities Co (SHSE:601878) has a Dividend Payout Ratio of 0.41 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Zheshang Securities Co and its competitors. This is 37% above median its historical median of 0.30. Over the past decade, Zheshang Securities Co's Dividend Payout Ratio has ranged from 0.20 to 0.48. According to the industry distribution chart, Zheshang Securities Co ranks #141 out of 327 companies in the Capital Markets industry, placing it in the top 43.1%.
Is Zheshang Securities Co's Dividend Payout Ratio too high?
Zheshang Securities Co's current Dividend Payout Ratio of 0.41 is 37% above median its 10-year median of 0.30. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 0.48. The Capital Markets industry median Dividend Payout Ratio is 0.34. Zheshang Securities Co's value of 0.41 is 20.6% above this industry median. Based on the distribution chart, Zheshang Securities Co ranks #141 out of 327 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Zheshang Securities Co has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zheshang Securities Co's Dividend Payout Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, Zheshang Securities Co ranks #141 out of 327 companies for Dividend Payout Ratio. This puts Zheshang Securities Co in the upper half of its industry. The industry median Dividend Payout Ratio is 0.34. Zheshang Securities Co's value of 0.41 is 20.6% above this benchmark. Historically, Zheshang Securities Co's own Dividend Payout Ratio has ranged from 0.20 to 0.48 over the past decade. While the company's 10-year median is 0.30 vs. the industry median of 0.34, Zheshang Securities Co 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 Capital Markets company?
The median Dividend Payout Ratio among Capital Markets companies is 0.34, based on 327 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. Zheshang Securities Co's current Dividend Payout Ratio of 0.41 is 20.6% 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 Zheshang Securities Co and its competitors. For the Capital Markets industry, the median Dividend Payout Ratio is 0.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zheshang Securities Co's current Dividend Payout Ratio is 0.41, which is 37% above median its own 10-year median of 0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zheshang Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Zheshang Securities Co (SHSE:601878) is currently considered Fairly Valued. The stock's GF Value™ is ¥10.09, compared to a current price of ¥9.68 — trading 4.1% below its estimated fair value. The current Dividend Payout Ratio is 0.41, which is 37% above median its 10-year median of 0.30 and 20.6% above the Capital Markets industry median of 0.34. Zheshang Securities Co's overall GF Score™ is 63/100 with 4 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 Zheshang Securities Co (SHSE:601878), the current Dividend Payout Ratio is 0.41 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 Zheshang Securities Co (SHSE:601878) Overvalued in 2026?
Based on GuruFocus' analysis, Zheshang Securities Co stock appears to be undervalued.
The current stock price of ¥9.68 is trading 4.1% below its estimated GF Value™ of ¥10.09.
GuruFocus considers Zheshang Securities Co to be Fairly Valued.
Key valuation signals for SHSE:601878:
Dividend Payout Ratio: 0.41 (37% above median its 10-year median of 0.30)
GF Value™: ¥10.09 vs. price of ¥9.68 (4.1% below fair value)
Industry Position: 20.6% above the Capital Markets median (#141 of 327)
No single metric tells the full story. See the SHSE:601878 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zheshang Securities Co Ltd is a securities brokerage firm. The company offers various services, including securities brokerage, investment banking, asset management, financial adviser services, investment consulting, securities self-operation, and margin trading services. It also engages in the financial futures brokerage business, commodity futures brokerage business, and asset management. It generates the majority of its revenue from the Futures business.
63GF Score
Get the complete analysis for SHSE:601878
Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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