TOTO (TOTDF) Dividend Payout Ratio: 0.89 (As of Mar. 2026) — 98% Above Median

TOTO TOTDF -3.95% 68 Dividend Payout Ratio is 0.89 as of Mar. 2026, which is 98% above its 10-year median of 0.45. GuruFocus rates TOTDF with a GF Score™ of 68/100 and a GF Value™ of $26.78 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 859 Construction companies, TOTO ranks worse than 54.83% 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. TOTO's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.89.

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

TOTDF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.33 Med: 0.45 Max: 0.59
Current: 0.43

During the past 13 years, the highest Dividend Payout Ratio of TOTO was 0.59. The lowest was 0.33. And the median was 0.45.

TOTDF's Dividend Payout Ratio is ranked worse than
54.83% of 859 companies
in the Construction industry
Industry Median: 0.39 vs TOTDF: 0.43

As of today (2026-06-25), the Dividend Yield % of TOTO is 1.24%.

During the past 13 years, the highest Trailing Annual Dividend Yield of TOTO was 2.91%. The lowest was 1.02%. And the median was 1.94%.

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

During the past 12 months, TOTO's average Dividends Per Share Growth Rate was 10.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 3.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 7.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 5.10% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of TOTO was 37.50% per year. The lowest was -10.60% per year. And the median was 6.30% 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.

TOTO (OTCPK:TOTDF) 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.

TOTO Dividend Payout Ratio Related Terms

TOTO Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for TOTO'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.

TOTO Dividend Payout Ratio Chart

TOTO Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Dividend Payout Ratio

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0.38

0.47

0.52

0.43

TOTO 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															9.57	0.00	0.88	0.00	0.89

TOTDF vs TT, JCI, CARR: Dividend Payout Ratio Comparison

For the Building Products & Equipment subindustry, TOTO'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.

TOTO Dividend Payout Ratio vs Construction Industry

For the Construction industry and Industrials sector, TOTO's Dividend Payout Ratio distribution charts can be found below:

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

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68GF Score

TOTO Ltd TOTDF

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

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TOTO Dividend Payout Ratio Calculation

TOTO'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	/	1.62
	=	0.43

TOTO'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	/	0.423
	=	0.89

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.89 mean?

TOTO (TOTDF) has a Dividend Payout Ratio of 0.89 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on TOTO and its competitors. This is 98% above median its historical median of 0.45. Over the past decade, TOTO's Dividend Payout Ratio has ranged from 0.33 to 0.59. According to the industry distribution chart, TOTO ranks #471 out of 859 companies in the Construction industry, placing it in the top 54.8%.

Is TOTO's Dividend Payout Ratio too high?

TOTO's current Dividend Payout Ratio of 0.89 is 98% above median its 10-year median of 0.45. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 0.59. The Construction industry median Dividend Payout Ratio is 0.39. TOTO's value of 0.89 is 128.2% above this industry median. Based on the distribution chart, TOTO ranks #471 out of 859 companies in the Construction industry, which is below the industry midpoint. Overall, TOTO has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does TOTO's Dividend Payout Ratio compare to TT and JCI?

According to the Construction industry distribution chart, TOTO ranks #471 out of 859 companies for Dividend Payout Ratio. This places TOTO in the lower half of its industry. The industry median Dividend Payout Ratio is 0.39. TOTO's value of 0.89 is 128.2% above this benchmark. Historically, TOTO's own Dividend Payout Ratio has ranged from 0.33 to 0.59 over the past decade. While the company's 10-year median is 0.45 vs. the industry median of 0.39, TOTO 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 Construction company?

The median Dividend Payout Ratio among Construction companies is 0.39, based on 859 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. TOTO's current Dividend Payout Ratio of 0.89 is 128.2% 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 TOTO and its competitors. For the Construction industry, the median Dividend Payout Ratio is 0.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOTO's current Dividend Payout Ratio is 0.89, which is 98% above median its own 10-year median of 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is TOTO stock overvalued right now?

Based on GuruFocus' analysis, TOTO (TOTDF) is currently considered Significantly Overvalued. The stock's GF Value™ is $26.78, compared to a current price of $56.28 — trading 110.2% above its estimated fair value. The current Dividend Payout Ratio is 0.89, which is 98% above median its 10-year median of 0.45 and 128.2% above the Construction industry median of 0.39. TOTO's overall GF Score™ is 68/100 with 7 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 TOTO (TOTDF), the current Dividend Payout Ratio is 0.89 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 TOTO (TOTDF) Overvalued in 2026?

Based on GuruFocus' analysis, TOTO stock appears to be overvalued. The current stock price of $56.28 is trading 110.2% above its estimated GF Value™ of $26.78. GuruFocus considers TOTO to be Significantly Overvalued.

Key valuation signals for TOTDF:

Dividend Payout Ratio: 0.89 (98% above median its 10-year median of 0.45)
GF Value™: $26.78 vs. price of $56.28 (110.2% above fair value)
GF Score™: 68/100 with 7 warning signs
Industry Position: 128.2% above the Construction median (#471 of 859)

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

TOTO Business Description

Industry Industrials Construction

Comparable Companies TSE:5929 TSE:1969 TSE:5938 TSE:1979 TSE:1952 TSE:6745 TSE:5930 TSE:4216 TSE:5273 TSE:5943 TT JCI CARR XPAR:SGO TSE:6367 MAIR XSWX:GEBN LII DUB:KRX MAS

Other Exchanges TOTDY:USA 5332:Japan

Address 2-1-1 Nakajima, Kokurakita Ward, Fukuoka Prefecture, Kitakyushu, JPN, 802-8601

Website https://jp.toto.com

TOTO Ltd manufactures and sells bathroom materials for maintenance, improvement, construction, and home improvement projects. The company's product portfolio includes toilets, urinals, sinks, plumbing accessories, bathtubs, unit bathrooms, faucets, drain fittings, marble counters, and electric water heaters, and others.. The firm organizes itself based on geography and operates through six business segments, which include the Japan Housing Equipment Business segment, the Mainland China Business segment, the Asia and Oceania Business segment, the Americas Business segment, the Europe Business segment, and the New field business - Ceramic business.. It generates the majority of its revenue from the Japan Housing Equipment Business segment.

68GF Score

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$56.28

Price

$26.78

GF Value

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