West Holdings (TSE:1407) Dividend Payout Ratio: 2.44 (As of Feb. 2026) — 578% Above Median

Author:

Vera Yuan

Director of Data and Quant Analytics at GuruFocus

Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.

View Profile →

Reviewed by:

Charlie Tian

Founder & CEO of GuruFocus

Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

View Profile →

West Holdings Corp TSE:1407

77 GF Score

Price 円2,302.00

GF Value 円2,487.85

Valuation Modestly Undervalued

5 Warning Signs

View Full Analysis

What is West Holdings Dividend Payout Ratio?

West Holdings TSE:1407 +5.64% 77 Dividend Payout Ratio is 2.44 as of Feb. 2026, which is 578% above its 10-year median of 0.36. GuruFocus rates TSE:1407 with a GF Score™ of 77/100 and a GF Value™ of 円2,487.85 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 178 Utilities - Independent Power Producers companies, West Holdings ranks worse than 74.16% 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. West Holdings's Dividend Payout Ratio for the months ended in Feb. 2026 was 2.44.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of West Holdings Corp is 0.77, which seems too high.

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

TSE:1407' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.31 Med: 0.36 Max: 0.77
Current: 0.77

During the past 13 years, the highest Dividend Payout Ratio of West Holdings was 0.77. The lowest was 0.31. And the median was 0.36.

TSE:1407's Dividend Payout Ratio is ranked worse than
74.16% of 178 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.44 vs TSE:1407: 0.77

As of today (2026-07-14), the Dividend Yield % of West Holdings is 4.59%.

During the past 13 years, the highest Trailing Annual Dividend Yield of West Holdings was 6.15%. The lowest was 0.70%. And the median was 2.74%.

West Holdings's Dividends per Share for the months ended in Feb. 2026 was 円35.00.

During the past 12 months, West Holdings's average Dividends Per Share Growth Rate was 53.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 5.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 11.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 15.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of West Holdings was 49.40% per year. The lowest was -15.70% per year. And the median was 16.70% 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.

West Holdings (TSE:1407) 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.

West Holdings Dividend Payout Ratio Related Terms

West Holdings Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for West Holdings'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.

West Holdings Dividend Payout Ratio Chart

West Holdings Annual Data

Trend

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Aug25

Dividend Payout Ratio

Get a 7-Day Free Trial

0.31

0.42

0.39

0.49

West Holdings Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25	Feb26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.00	0.00	0.55	0.00	2.44

West Holdings Dividend Payout Ratio Competitor Comparison

For the Utilities - Renewable subindustry, West Holdings'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.

West Holdings Dividend Payout Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, West Holdings's Dividend Payout Ratio distribution charts can be found below:

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

Save Embed

77GF Score

West Holdings Corp TSE:1407

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

View Full Analysis

West Holdings Dividend Payout Ratio Calculation

West Holdings's Dividend Payout Ratio for the fiscal year that ended in Aug. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Aug. 2025 )	/	EPS without NRI (A: Aug. 2025 )
	=	65	/	132.588
	=	0.49

West Holdings's Dividend Payout Ratio for the quarter that ended in Feb. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Feb. 2026 )	/	EPS without NRI (Q: Feb. 2026 )
	=	35	/	14.325
	=	2.44

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 2.44 mean?

West Holdings (TSE:1407) has a Dividend Payout Ratio of 2.44 as of Feb. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on West Holdings and its competitors. This is 578% above median its historical median of 0.36. Over the past decade, West Holdings' Dividend Payout Ratio has ranged from 0.31 to 0.77. According to the industry distribution chart, West Holdings ranks #132 out of 178 companies in the Utilities - Independent Power Producers industry, placing it in the top 74.2%.

Is West Holdings' Dividend Payout Ratio too high?

West Holdings' current Dividend Payout Ratio of 2.44 is 578% above median its 10-year median of 0.36. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 0.77. The Utilities - Independent Power Producers industry median Dividend Payout Ratio is 0.44. West Holdings' value of 2.44 is 454.5% above this industry median. Based on the distribution chart, West Holdings ranks #132 out of 178 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, West Holdings has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does West Holdings' Dividend Payout Ratio compare to competitors?

According to the Utilities - Independent Power Producers industry distribution chart, West Holdings ranks #132 out of 178 companies for Dividend Payout Ratio. This places West Holdings in the lower half of its industry. The industry median Dividend Payout Ratio is 0.44. West Holdings' value of 2.44 is 454.5% above this benchmark. Historically, West Holdings' own Dividend Payout Ratio has ranged from 0.31 to 0.77 over the past decade. While the company's 10-year median is 0.36 vs. the industry median of 0.44, West Holdings 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 - Independent Power Producers company?

The median Dividend Payout Ratio among Utilities - Independent Power Producers companies is 0.44, based on 178 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. West Holdings's current Dividend Payout Ratio of 2.44 is 454.5% 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 West Holdings and its competitors. For the Utilities - Independent Power Producers industry, the median Dividend Payout Ratio is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. West Holdings's current Dividend Payout Ratio is 2.44, which is 578% above median its own 10-year median of 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is West Holdings stock overvalued right now?

Based on GuruFocus' analysis, West Holdings (TSE:1407) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,487.85, compared to a current price of 円2,302.00 — trading 7.5% below its estimated fair value. The current Dividend Payout Ratio is 2.44, which is 578% above median its 10-year median of 0.36 and 454.5% above the Utilities - Independent Power Producers industry median of 0.44. West Holdings' overall GF Score™ is 77/100 with 5 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 West Holdings (TSE:1407), the current Dividend Payout Ratio is 2.44 as of Feb. 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 West Holdings (TSE:1407) Overvalued in 2026?

Based on GuruFocus' analysis, West Holdings stock appears to be undervalued. The current stock price of 円2,302.00 is trading 7.5% below its estimated GF Value™ of 円2,487.85. GuruFocus considers West Holdings to be Modestly Undervalued.

Key valuation signals for TSE:1407:

Dividend Payout Ratio: 2.44 (578% above median its 10-year median of 0.36)
GF Value™: 円2,487.85 vs. price of 円2,302.00 (7.5% below fair value)
GF Score™: 77/100 with 5 warning signs
Industry Position: 454.5% above the Utilities - Independent Power Producers median (#132 of 178)

No single metric tells the full story. See the TSE:1407 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

West Holdings Business Description

Industry Utilities Utilities - Independent Power Producers

Comparable Companies TSE:9519 TSE:5074 TSE:9517 TSE:9511 TSE:350A TSE:9285 TSE:9514 TSE:3647 TSE:1711 TSE:9509 SHSE:600900 SHSE:600930 OCSE:ORSTED BOM:541450 ISX:BREN SHSE:600025 WBO:VER BSP:AXIA3 OHEL:FORTUM XLIS:EDPR

Address 3-20-2 Nishi-Shinjuku, Tokyo Opera City Building 32 Floor, Shinjuku-ku, Tokyo, JPN, 163-1432

Website http://www.west-gr.co.jp

West Holdings Corp is engaged in the solar power generation. The company generates solar power for municipalities, residential and industrial use. Its business activities are divided into different divisions including Stadtberg business, Solar power generation for municipalities, special high-pressure solar power generation, Industrial solar power generation, Residential solar power generation, O & M (operation and management), Sales of electricity and Esco Business. Stadtberg division provides consulting and operation support for infrastructure services centered on renewable energy. O & M division monitors the photovoltaic power plant and maintains the maximum amount of power generation. Its Esco division provides various energy-saving measures.

77GF Score

Get the complete analysis for TSE:1407

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

円2,302.00

Price

円2,487.85

GF Value

View TSE:1407 Analysis

See Dividend Payout Ratio data for all stocks →