THOGF (Toho Gas Co) Dividend Payout Ratio: 0.66 (As of Mar. 2026) — 106% Above Median


THOGF Toho Gas Co Ltd THOGF
75 GF Score
Price $6.44
GF Value $6.08
! 3 Warning Signs
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What is Toho Gas Co Dividend Payout Ratio?

Toho Gas Co THOGF 75 Dividend Payout Ratio is 0.66 as of Mar. 2026, which is 106% above its 10-year median of 0.32. GuruFocus rates THOGF with a GF Score™ of 75/100 and a GF Value™ of $6.08. The stock has 3 warning signs investors should review. Among 374 Utilities - Regulated companies, Toho Gas Co ranks better than 75.67% 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. Toho Gas Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.66.

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

THOGF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.32   Max: 0.54
Current: 0.3

During the past 13 years, the highest Dividend Payout Ratio of Toho Gas Co was 0.54. The lowest was 0.18. And the median was 0.32.

THOGF's Dividend Payout Ratio is ranked better than
75.67% of 374 companies
in the Utilities - Regulated industry
Industry Median: 0.54 vs THOGF: 0.30

As of today (2026-06-28), the Dividend Yield % of Toho Gas Co is 0.00%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Toho Gas Co was 2.58%. The lowest was 0.79%. And the median was 1.57%.

Toho Gas Co's Dividends per Share for the months ended in Mar. 2026 was $0.07.

During the past 12 months, Toho Gas Co's average Dividends Per Share Growth Rate was 12.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 14.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 10.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 5.50% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Toho Gas Co was 14.50% per year. The lowest was 1.50% per year. And the median was 3.60% 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.

Toho Gas Co (OTCPK:THOGF) 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.

Toho Gas Co Dividend Payout Ratio Related Terms

Toho Gas Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Toho Gas 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.

Toho Gas Co Dividend Payout Ratio Chart

Toho Gas Co 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 0.38 0.18 0.27 0.37 0.31

Toho Gas Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 1.86 0.00 1.23 0.00 0.66

THOGF vs ATO, NI: Dividend Payout Ratio Comparison

For the Utilities - Regulated Gas subindustry, Toho Gas 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.

Toho Gas Co Dividend Payout Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Toho Gas Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Toho Gas Co's Dividend Payout Ratio falls into.


THOGF
75GF Score
Toho Gas Co Ltd THOGF
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Toho Gas 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.

Toho Gas Co'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 )
=0.142/ 0.462
=0.31

Toho Gas Co'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 )
=0.071/ 0.108
=0.66

* 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 0.66 mean?
Toho Gas Co (THOGF) has a Dividend Payout Ratio of 0.66 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Toho Gas Co and its competitors. This is 106% above median its historical median of 0.32. Over the past decade, Toho Gas Co's Dividend Payout Ratio has ranged from 0.18 to 0.54. According to the industry distribution chart, Toho Gas Co ranks #91 out of 374 companies in the Utilities - Regulated industry, placing it in the top 24.3%.
Is Toho Gas Co's Dividend Payout Ratio too high?
Toho Gas Co's current Dividend Payout Ratio of 0.66 is 106% above median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 0.54. The Utilities - Regulated industry median Dividend Payout Ratio is 0.54. Toho Gas Co's value of 0.66 is 22.2% above this industry median. Based on the distribution chart, Toho Gas Co ranks #91 out of 374 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Toho Gas Co has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Toho Gas Co's Dividend Payout Ratio compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Toho Gas Co ranks #91 out of 374 companies for Dividend Payout Ratio. This places Toho Gas Co in the top 24% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.54. Toho Gas Co's value of 0.66 is 22.2% above this benchmark. Historically, Toho Gas Co's own Dividend Payout Ratio has ranged from 0.18 to 0.54 over the past decade. While the company's 10-year median is 0.32 vs. the industry median of 0.54, Toho Gas 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 an Utilities - Regulated company?
The median Dividend Payout Ratio among Utilities - Regulated companies is 0.54, based on 374 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. Toho Gas Co's current Dividend Payout Ratio of 0.66 is 22.2% 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 Toho Gas Co and its competitors. For the Utilities - Regulated industry, the median Dividend Payout Ratio is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toho Gas Co's current Dividend Payout Ratio is 0.66, which is 106% above median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho Gas Co stock overvalued right now?
Toho Gas Co (THOGF) has a current Dividend Payout Ratio of 0.66. The stock's GF Value™ is $6.08, compared to a current price of $6.44 — trading 5.9% above its estimated fair value. The current Dividend Payout Ratio is 0.66, which is 106% above median its 10-year median of 0.32 and 22.2% above the Utilities - Regulated industry median of 0.54. Toho Gas Co's overall GF Score™ is 75/100 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 Toho Gas Co (THOGF), the current Dividend Payout Ratio is 0.66 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 Toho Gas Co (THOGF) Overvalued in 2026?

Based on GuruFocus' analysis, Toho Gas Co stock appears to be overvalued. The current stock price of $6.44 is trading 5.9% above its estimated GF Value™ of $6.08.

Key valuation signals for THOGF:

  • Dividend Payout Ratio: 0.66 (106% above median its 10-year median of 0.32)
  • GF Value™: $6.08 vs. price of $6.44 (5.9% above fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 22.2% above the Utilities - Regulated median (#91 of 374)

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

Toho Gas Co Business Description

Other Exchanges 9533:Japan59W:Germany
Address 19-18 Sakuradacho, Atsuta-ku, Aichi Prefecture, Nagoya, JPN, 456-8511
Toho Gas Co Ltd is a Japan-based company engaged in the supply of energy and related services, including electricity, gas, and liquefied petroleum gas (LPG). The company operates in three business segments. The Electricity segment engages in the sale of electricity. The Gas segment handles the manufacture and sale of gas, gas appliances, consignment supply, and plumbing work. The LPG and Other Energies segment covers the sale of LPG, related equipment, natural gas, heat supply, and coke. The Others segment includes contract processing, real estate management, and other ancillary businesses. It generates the majority of its revenue from the Gas segment.
75GF Score

Get the complete analysis for THOGF

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

$6.44
Price
$6.08
GF Value