Good Will Instrument Co (TPE:2423) Dividend Payout Ratio: 0.00 (As of Dec. 2025)


TPE:2423 Good Will Instrument Co Ltd TPE:2423
75 GF Score
Price NT$76.70
GF Value NT$41.46
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Good Will Instrument Co Dividend Payout Ratio?

Good Will Instrument Co TPE:2423 +2.82% 75 Dividend Payout Ratio is 0.00 as of Dec. 2025. GuruFocus rates TPE:2423 with a GF Score™ of 75/100 and a GF Value™ of NT$41.46 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,213 Hardware companies, Good Will Instrument Co ranks worse than 67.68% 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. Good Will Instrument Co's Dividend Payout Ratio for the months ended in Dec. 2025 was 0.00.

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

TPE:2423' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.38   Med: 0.67   Max: 1.14
Current: 0.7

During the past 13 years, the highest Dividend Payout Ratio of Good Will Instrument Co was 1.14. The lowest was 0.38. And the median was 0.67.

TPE:2423's Dividend Payout Ratio is ranked worse than
67.68% of 1213 companies
in the Hardware industry
Industry Median: 0.47 vs TPE:2423: 0.70

As of today (2026-07-07), the Dividend Yield % of Good Will Instrument Co is 3.26%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Good Will Instrument Co was 12.16%. The lowest was 2.39%. And the median was 5.17%.

Good Will Instrument Co's Dividends per Share for the months ended in Dec. 2025 was NT$0.00.

During the past 12 months, Good Will Instrument Co's average Dividends Per Share Growth Rate was -9.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 10.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 10.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 12.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Good Will Instrument Co was 78.50% per year. The lowest was -27.20% per year. And the median was 8.90% 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.

Good Will Instrument Co (TPE:2423) 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.

Good Will Instrument Co Dividend Payout Ratio Related Terms

Good Will Instrument Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Good Will Instrument 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.

Good Will Instrument Co Dividend Payout Ratio Chart

Good Will Instrument Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.61 0.54 0.68 0.90 0.70

Good Will Instrument Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.00 0.00 3.72 0.00 0.00

TPE:2423 vs COHR, KEYS, GRMN: Dividend Payout Ratio Comparison

For the Scientific & Technical Instruments subindustry, Good Will Instrument 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.

Good Will Instrument Co Dividend Payout Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Good Will Instrument Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Good Will Instrument Co's Dividend Payout Ratio falls into.


TPE:2423
75GF Score
Good Will Instrument Co Ltd TPE:2423
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Good Will Instrument 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.

Good Will Instrument Co's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=2/ 2.875
=0.70

Good Will Instrument Co's Dividend Payout Ratio for the quarter that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2025 )/ EPS without NRI (Q: Dec. 2025 )
=0/ 0.894
=0.00

* 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 0.00 mean?
Good Will Instrument Co (TPE:2423) has a Dividend Payout Ratio of 0.00 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Good Will Instrument Co and its competitors. Over the past decade, Good Will Instrument Co's Dividend Payout Ratio has ranged from 0.38 to 1.14. According to the industry distribution chart, Good Will Instrument Co ranks #821 out of 1213 companies in the Hardware industry, placing it in the top 67.7%.
Is Good Will Instrument Co's Dividend Payout Ratio too high?
Good Will Instrument Co's current Dividend Payout Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 1.14. Based on the distribution chart, Good Will Instrument Co ranks #821 out of 1213 companies in the Hardware industry, which is below the industry midpoint. Overall, Good Will Instrument Co has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Good Will Instrument Co's Dividend Payout Ratio compare to COHR and KEYS?
According to the Hardware industry distribution chart, Good Will Instrument Co ranks #821 out of 1213 companies for Dividend Payout Ratio. This places Good Will Instrument Co in the lower half of its industry. The industry median Dividend Payout Ratio is 0.47. Historically, Good Will Instrument Co's own Dividend Payout Ratio has ranged from 0.38 to 1.14 over the past decade. 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 Hardware company?
The median Dividend Payout Ratio among Hardware companies is 0.47, based on 1,213 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. 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 Good Will Instrument Co and its competitors. For the Hardware industry, the median Dividend Payout Ratio is 0.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Good Will Instrument Co's current Dividend Payout Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Good Will Instrument Co stock overvalued right now?
Based on GuruFocus' analysis, Good Will Instrument Co (TPE:2423) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$41.46, compared to a current price of NT$76.70 — trading 85% above its estimated fair value. The current Dividend Payout Ratio is 0.00. Good Will Instrument Co's overall GF Score™ is 75/100 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 Good Will Instrument Co (TPE:2423), the current Dividend Payout Ratio is 0.00 as of Dec. 2025. 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 Good Will Instrument Co (TPE:2423) Overvalued in 2026?

Based on GuruFocus' analysis, Good Will Instrument Co stock appears to be overvalued. The current stock price of NT$76.70 is trading 85% above its estimated GF Value™ of NT$41.46. GuruFocus considers Good Will Instrument Co to be Significantly Overvalued.

Key valuation signals for TPE:2423:

  • Dividend Payout Ratio: 0.00
  • GF Value™: NT$41.46 vs. price of NT$76.70 (85% above fair value)
  • GF Score™: 75/100 with 4 warning signs

No single metric tells the full story. See the TPE:2423 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Good Will Instrument Co Business Description

Address Jhongsing Road, No. 7-1, Tucheng District, New Taipei City, TWN, 236
Good Will Instrument Co Ltd manufactures and sells electrical testing instruments, communication equipment, and related products. Its products include oscilloscopes, spectrum analyzers, signal sources, power supplies, public broadcasting and video monitoring systems, environmental testing equipment, constant temperature and humidity equipment, and vibration test equipment, among others. Geographically, the company generates a majority of its revenue from China and the rest from Japan, Taiwan, America, Europe, and other countries.
75GF Score

Get the complete analysis for TPE:2423

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

NT$76.70
Price
NT$41.46
GF Value