DeNA Co (TSE:2432) Dividend Payout Ratio: 3.23 (As of Mar. 2026) — 1694% Above Median

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Valuation Modestly Overvalued

1 Warning Sign

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What is DeNA Co Dividend Payout Ratio?

DeNA Co TSE:2432 +0.21% 67 Dividend Payout Ratio is 3.23 as of Mar. 2026, which is 1694% above its 10-year median of 0.18. GuruFocus rates TSE:2432 with a GF Score™ of 67/100 and a GF Value™ of 円2,037.54 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 312 Conglomerates companies, DeNA Co ranks worse than 54.81% 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. DeNA Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 3.23.

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

TSE:2432' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.15 Med: 0.18 Max: 0.39
Current: 0.39

During the past 13 years, the highest Dividend Payout Ratio of DeNA Co was 0.39. The lowest was 0.15. And the median was 0.18.

TSE:2432's Dividend Payout Ratio is ranked worse than
54.81% of 312 companies
in the Conglomerates industry
Industry Median: 0.36 vs TSE:2432: 0.39

As of today (2026-07-20), the Dividend Yield % of DeNA Co is 2.73%.

During the past 13 years, the highest Trailing Annual Dividend Yield of DeNA Co was 2.80%. The lowest was 0.50%. And the median was 1.34%.

DeNA Co's Dividends per Share for the months ended in Mar. 2026 was 円66.00.

During the past 12 months, DeNA Co's average Dividends Per Share Growth Rate was 100.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 48.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 9.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 5.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of DeNA Co was 90.60% per year. The lowest was -26.30% per year. And the median was 0.00% 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.

DeNA Co (TSE:2432) 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.

DeNA Co Dividend Payout Ratio Related Terms

DeNA Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for DeNA 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.

DeNA Co Dividend Payout Ratio Chart

DeNA Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Dividend Payout Ratio

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0.15

0.26

0.00

0.15

0.39

DeNA 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															0.44	0.00	0.00	0.00	3.23

TSE:2432 vs HON, MMM: Dividend Payout Ratio Comparison

For the Conglomerates subindustry, DeNA 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.

DeNA Co Dividend Payout Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, DeNA Co's Dividend Payout Ratio distribution charts can be found below:

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

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67GF Score

DeNA Co Ltd TSE:2432

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

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DeNA Co Dividend Payout Ratio Calculation

DeNA 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 )
	=	66	/	170.95
	=	0.39

DeNA 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 )
	=	66	/	20.41
	=	3.23

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 3.23 mean?

DeNA Co (TSE:2432) has a Dividend Payout Ratio of 3.23 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on DeNA Co and its competitors. This is 1694% above median its historical median of 0.18. Over the past decade, DeNA Co's Dividend Payout Ratio has ranged from 0.15 to 0.39. According to the industry distribution chart, DeNA Co ranks #171 out of 312 companies in the Conglomerates industry, placing it in the top 54.8%.

Is DeNA Co's Dividend Payout Ratio too high?

DeNA Co's current Dividend Payout Ratio of 3.23 is 1694% above median its 10-year median of 0.18. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.39. The Conglomerates industry median Dividend Payout Ratio is 0.36. DeNA Co's value of 3.23 is 797.2% above this industry median. Based on the distribution chart, DeNA Co ranks #171 out of 312 companies in the Conglomerates industry, which is below the industry midpoint. Overall, DeNA Co has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does DeNA Co's Dividend Payout Ratio compare to HON and MMM?

According to the Conglomerates industry distribution chart, DeNA Co ranks #171 out of 312 companies for Dividend Payout Ratio. This places DeNA Co in the lower half of its industry. The industry median Dividend Payout Ratio is 0.36. DeNA Co's value of 3.23 is 797.2% above this benchmark. Historically, DeNA Co's own Dividend Payout Ratio has ranged from 0.15 to 0.39 over the past decade. While the company's 10-year median is 0.18 vs. the industry median of 0.36, DeNA 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 a Conglomerates company?

The median Dividend Payout Ratio among Conglomerates companies is 0.36, based on 312 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. DeNA Co's current Dividend Payout Ratio of 3.23 is 797.2% 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 DeNA Co and its competitors. For the Conglomerates industry, the median Dividend Payout Ratio is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DeNA Co's current Dividend Payout Ratio is 3.23, which is 1694% above median its own 10-year median of 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is DeNA Co stock overvalued right now?

Based on GuruFocus' analysis, DeNA Co (TSE:2432) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,037.54, compared to a current price of 円2,415.00 — trading 18.5% above its estimated fair value. The current Dividend Payout Ratio is 3.23, which is 1694% above median its 10-year median of 0.18 and 797.2% above the Conglomerates industry median of 0.36. DeNA Co's overall GF Score™ is 67/100 with 1 warning sign 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 DeNA Co (TSE:2432), the current Dividend Payout Ratio is 3.23 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 DeNA Co (TSE:2432) Overvalued in 2026?

Based on GuruFocus' analysis, DeNA Co stock appears to be overvalued. The current stock price of 円2,415.00 is trading 18.5% above its estimated GF Value™ of 円2,037.54. GuruFocus considers DeNA Co to be Modestly Overvalued.

Key valuation signals for TSE:2432:

Dividend Payout Ratio: 3.23 (1694% above median its 10-year median of 0.18)
GF Value™: 円2,037.54 vs. price of 円2,415.00 (18.5% above fair value)
GF Score™: 67/100 with 1 warning sign
Industry Position: 797.2% above the Conglomerates median (#171 of 312)

No single metric tells the full story. See the TSE:2432 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

DeNA Co Business Description

Industry Industrials Conglomerates

Comparable Companies TSE:9003 TSE:4206 TSE:5331 TSE:8133 TSE:8066 TSE:4665 TSE:9418 TSE:3106 TSE:3498 TSE:3401 ADX:IHC HON TSE:6501 TSE:8058 MMM TSE:8001 TSE:8031 TSE:5803 TSE:8002 TSE:8053

Other Exchanges DNACF:USA D2N:Germany

Address 2-24-12 Shibuya, Shibuya Scramble Square, Shibuya-ku, Tokyo, JPN, 150-6140

Website https://www.dena.com

DeNA Co Ltd is a social media service provider in Japan. It generates majority of the portion of its revenue by providing social media and Internet marketing-related services through its Social Media segment. The E-commerce segment offers E-Commerce related services, including the operation of auction shopping and cellular phone websites under the names DeNA shopping and Mobaoku, respectively. The Others segment is engaged in travel agency and insurance agency services, and professional baseball related business. The company has its primary market in North America.

67GF Score

Get the complete analysis for TSE:2432

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

円2,415.00

Price

円2,037.54

GF Value

View TSE:2432 Analysis

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