TBVPF (Thai Beverage) Dividend Payout Ratio: 0.79 (As of Mar. 2026) — 65% Above Median


TBVPF Thai Beverage PLC TBVPF
60 GF Score
Price $0.34
GF Value $0.39
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Thai Beverage Dividend Payout Ratio?

Thai Beverage TBVPF 60 Dividend Payout Ratio is 0.79 as of Mar. 2026, which is 65% above its 10-year median of 0.48. GuruFocus rates TBVPF with a GF Score™ of 60/100 and a GF Value™ of $0.39 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 118 Beverages - Alcoholic companies, Thai Beverage ranks worse than 57.63% 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. Thai Beverage's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.79.

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

TBVPF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.41   Med: 0.48   Max: 0.77
Current: 0.63

During the past 13 years, the highest Dividend Payout Ratio of Thai Beverage was 0.77. The lowest was 0.41. And the median was 0.48.

TBVPF's Dividend Payout Ratio is ranked worse than
57.63% of 118 companies
in the Beverages - Alcoholic industry
Industry Median: 0.51 vs TBVPF: 0.63

As of today (2026-06-28), the Dividend Yield % of Thai Beverage is 5.86%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Thai Beverage was 5.95%. The lowest was 1.96%. And the median was 3.12%.

Thai Beverage's Dividends per Share for the months ended in Mar. 2026 was $0.02.

During the past 12 months, Thai Beverage's average Dividends Per Share Growth Rate was 4.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 9.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 5.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 0.80% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Thai Beverage was 40.90% per year. The lowest was -9.10% per year. And the median was 6.45% 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.

Thai Beverage (OTCPK:TBVPF) 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.

Thai Beverage Dividend Payout Ratio Related Terms

Thai Beverage Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Thai Beverage'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.

Thai Beverage Dividend Payout Ratio Chart

Thai Beverage Annual Data
Trend Dec15 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.50 0.41 0.49 0.47 0.59

Thai Beverage Semi-Annual Data
Jun16 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 0.65 0.29 0.82 0.39 0.79

TBVPF vs BF.B: Dividend Payout Ratio Comparison

For the Beverages - Wineries & Distilleries subindustry, Thai Beverage'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.

Thai Beverage Dividend Payout Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Thai Beverage's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Thai Beverage's Dividend Payout Ratio falls into.


TBVPF
60GF Score
Thai Beverage PLC TBVPF
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thai Beverage 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.

Thai Beverage's Dividend Payout Ratio for the fiscal year that ended in Sep. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Sep. 2025 )/ EPS without NRI (A: Sep. 2025 )
=0.019/ 0.032
=0.59

Thai Beverage'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 )
=0.015/ 0.019
=0.79

* 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 0.79 mean?
Thai Beverage (TBVPF) has a Dividend Payout Ratio of 0.79 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Thai Beverage and its competitors. This is 65% above median its historical median of 0.48. Over the past decade, Thai Beverage's Dividend Payout Ratio has ranged from 0.41 to 0.77. According to the industry distribution chart, Thai Beverage ranks #68 out of 118 companies in the Beverages - Alcoholic industry, placing it in the top 57.6%.
Is Thai Beverage's Dividend Payout Ratio too high?
Thai Beverage's current Dividend Payout Ratio of 0.79 is 65% above median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 0.77. The Beverages - Alcoholic industry median Dividend Payout Ratio is 0.51. Thai Beverage's value of 0.79 is 54.9% above this industry median. Based on the distribution chart, Thai Beverage ranks #68 out of 118 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Thai Beverage has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thai Beverage's Dividend Payout Ratio compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Thai Beverage ranks #68 out of 118 companies for Dividend Payout Ratio. This places Thai Beverage in the lower half of its industry. The industry median Dividend Payout Ratio is 0.51. Thai Beverage's value of 0.79 is 54.9% above this benchmark. Historically, Thai Beverage's own Dividend Payout Ratio has ranged from 0.41 to 0.77 over the past decade. While the company's 10-year median is 0.48 vs. the industry median of 0.51, Thai Beverage 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 Beverages - Alcoholic company?
The median Dividend Payout Ratio among Beverages - Alcoholic companies is 0.51, based on 118 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. Thai Beverage's current Dividend Payout Ratio of 0.79 is 54.9% 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 Thai Beverage and its competitors. For the Beverages - Alcoholic industry, the median Dividend Payout Ratio is 0.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Beverage's current Dividend Payout Ratio is 0.79, which is 65% above median its own 10-year median of 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Beverage stock overvalued right now?
Based on GuruFocus' analysis, Thai Beverage (TBVPF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.39, compared to a current price of $0.34 — trading 13.9% below its estimated fair value. The current Dividend Payout Ratio is 0.79, which is 65% above median its 10-year median of 0.48 and 54.9% above the Beverages - Alcoholic industry median of 0.51. Thai Beverage's overall GF Score™ is 60/100 with 3 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 Thai Beverage (TBVPF), the current Dividend Payout Ratio is 0.79 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 Thai Beverage (TBVPF) Overvalued in 2026?

Based on GuruFocus' analysis, Thai Beverage stock appears to be undervalued. The current stock price of $0.34 is trading 13.9% below its estimated GF Value™ of $0.39. GuruFocus considers Thai Beverage to be Modestly Undervalued.

Key valuation signals for TBVPF:

  • Dividend Payout Ratio: 0.79 (65% above median its 10-year median of 0.48)
  • GF Value™: $0.39 vs. price of $0.34 (13.9% below fair value)
  • GF Score™: 60/100 with 3 warning signs
  • Industry Position: 54.9% above the Beverages - Alcoholic median (#68 of 118)

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

Thai Beverage Business Description

Other Exchanges Y92:SingaporeT6W:Germany
Address 14 Vibhavadi Rangsit Road, Chomphon Sub-District, Chatuchak District, Bangkok, THA, 10900
Thai Beverage PLC is a Thailand-based company engaged in producing and distributing alcoholic and non-alcoholic beverages and food. The company's operating segments include Spirits; production and sales of branded spirits products and soda. Beer: production and sales of raw materials, branded beer products, Chang soda and Chang water. Non-alcoholic beverages: production and sales of branded water, ready-to-drink coffee, energy drink, green tea, fruit flavored drinks and dairy products. Food: restaurants and distribution of food and beverages; and Others: publishing and printing. Key revenue is generated from Beer. It operates in Thailand, which generates the majority of revenue, Vietnam, Malaysia, Myanmar, Singapore and others.
60GF Score

Get the complete analysis for TBVPF

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

$0.34
Price
$0.39
GF Value