TKGSF (Tokyo Gas Co) Dividend Payout Ratio: 0.31 (As of Mar. 2026) — 16% Below Median

What is Tokyo Gas Co Dividend Payout Ratio?

Tokyo Gas Co TKGSF 77 Dividend Payout Ratio is 0.31 as of Mar. 2026, which is 16% below its 10-year median of 0.37. GuruFocus rates TKGSF with a GF Score™ of 77/100 and a GF Value™ of $31.96 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 373 Utilities - Regulated companies, Tokyo Gas Co ranks better than 83.91% 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. Tokyo Gas Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.31.

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

TKGSF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.1 Med: 0.37 Max: 0.6
Current: 0.23

During the past 13 years, the highest Dividend Payout Ratio of Tokyo Gas Co was 0.60. The lowest was 0.10. And the median was 0.37.

TKGSF's Dividend Payout Ratio is ranked better than
83.91% of 373 companies
in the Utilities - Regulated industry
Industry Median: 0.54 vs TKGSF: 0.23

As of today (2026-06-28), the Dividend Yield % of Tokyo Gas Co is 1.74%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Tokyo Gas Co was 3.17%. The lowest was 1.22%. And the median was 2.14%.

Tokyo Gas Co's Dividends per Share for the months ended in Mar. 2026 was $0.38.

During the past 12 months, Tokyo Gas Co's average Dividends Per Share Growth Rate was 37.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 19.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 11.20% 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 Tokyo Gas Co was 19.20% per year. The lowest was 2.70% per year. And the median was 4.00% 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.

Tokyo Gas Co (OTCPK:TKGSF) 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.

Tokyo Gas Co Dividend Payout Ratio Related Terms

Tokyo Gas Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Tokyo 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.

Tokyo Gas Co Dividend Payout Ratio Chart

Tokyo Gas Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Dividend Payout Ratio

Get a 7-Day Free Trial

0.30

0.10

0.19

0.39

0.19

Tokyo 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															0.43	0.00	0.60	0.00	0.31

TKGSF vs ATO, NI: Dividend Payout Ratio Comparison

For the Utilities - Regulated Gas subindustry, Tokyo 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.

Tokyo Gas Co Dividend Payout Ratio vs Utilities - Regulated Industry

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

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

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77GF Score

Tokyo Gas Co Ltd TKGSF

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

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Tokyo Gas Co Dividend Payout Ratio Calculation

Tokyo 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 )
	=	0.693	/	3.683
	=	0.19

Tokyo 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 )
	=	0.378	/	1.228
	=	0.31

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.31 mean?

Tokyo Gas Co (TKGSF) has a Dividend Payout Ratio of 0.31 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Tokyo Gas Co and its competitors. This is 16% below median its historical median of 0.37. Over the past decade, Tokyo Gas Co's Dividend Payout Ratio has ranged from 0.10 to 0.60. According to the industry distribution chart, Tokyo Gas Co ranks #60 out of 373 companies in the Utilities - Regulated industry, placing it in the top 16.1%.

Is Tokyo Gas Co's Dividend Payout Ratio too high?

Tokyo Gas Co's current Dividend Payout Ratio of 0.31 is 16% below median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 0.60. The Utilities - Regulated industry median Dividend Payout Ratio is 0.54. Tokyo Gas Co's value of 0.31 is 42.6% below this industry median. Based on the distribution chart, Tokyo Gas Co ranks #60 out of 373 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Tokyo Gas Co has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Tokyo Gas Co's Dividend Payout Ratio compare to ATO and NI?

According to the Utilities - Regulated industry distribution chart, Tokyo Gas Co ranks #60 out of 373 companies for Dividend Payout Ratio. This places Tokyo Gas Co in the top 16% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.54. Tokyo Gas Co's value of 0.31 is 42.6% below this benchmark. Historically, Tokyo Gas Co's own Dividend Payout Ratio has ranged from 0.10 to 0.60 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 0.54, Tokyo Gas Co 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 an Utilities - Regulated company?

The median Dividend Payout Ratio among Utilities - Regulated companies is 0.54, based on 373 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. Tokyo Gas Co's current Dividend Payout Ratio of 0.31 is 42.6% 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 Tokyo 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. Tokyo Gas Co's current Dividend Payout Ratio is 0.31, which is 16% below median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Tokyo Gas Co stock overvalued right now?

Based on GuruFocus' analysis, Tokyo Gas Co (TKGSF) is currently considered Modestly Overvalued. The stock's GF Value™ is $31.96, compared to a current price of $39.85 — trading 24.7% above its estimated fair value. The current Dividend Payout Ratio is 0.31, which is 16% below median its 10-year median of 0.37 and 42.6% below the Utilities - Regulated industry median of 0.54. Tokyo Gas Co's overall GF Score™ is 77/100 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 Tokyo Gas Co (TKGSF), the current Dividend Payout Ratio is 0.31 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 Tokyo Gas Co (TKGSF) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyo Gas Co stock appears to be overvalued. The current stock price of $39.85 is trading 24.7% above its estimated GF Value™ of $31.96. GuruFocus considers Tokyo Gas Co to be Modestly Overvalued.

Key valuation signals for TKGSF:

Dividend Payout Ratio: 0.31 (16% below median its 10-year median of 0.37)
GF Value™: $31.96 vs. price of $39.85 (24.7% above fair value)
GF Score™: 77/100 with 3 warning signs
Industry Position: 42.6% below the Utilities - Regulated median (#60 of 373)

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

Tokyo Gas Co Business Description

Industry Utilities Utilities - Regulated

Comparable Companies TSE:9532 TSE:9533 TSE:8174 TSE:1663 TSE:9543 TSE:9536 TSE:9534 TSE:9539 TSE:9537 TSE:3361 XMAD:NTGY ATO MIL:SRG XTER:UN0 NI HKSE:00003 MIL:IG BOM:532155 ASX:APA SHSE:600803

Other Exchanges TKGSY:USA 9531:Japan TOG:Germany

Address 1-5-20 Kaigan, Minato-ku, Tokyo, JPN, 105-8527

Website https://www.tokyo-gas.co.jp

Tokyo Gas Co Ltd is a Japanese utility company involved in the production, generation, and supply of natural gas and electricity. Tokyo Gas segments its operations into Gas, Electric Power, Overseas, and Other business units. The company's Gas division generates the vast majority of its total revenue through the supply and sale of natural gas to, namely, the Tokyo metropolitan area and other Japanese urban areas. Tokyo Gas' supply of natural gas is fairly evenly distributed amongst residential, commercial, industrial, and power generation customers. The company's Electric Power business also represents a significant income stream. This division operates a portfolio of cogeneration and natural gas-fired thermal power plants primarily located in the Tokyo area.

77GF Score

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$39.85

Price

$31.96

GF Value

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