Alfresa Holdings (TSE:2784) Dividend Payout Ratio: 1.31 (As of Mar. 2026) — 212% Above Median

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Alfresa Holdings Corp TSE:2784

83 GF Score

Price 円2,414.00

GF Value 円2,542.44

Valuation Fairly Valued

1 Warning Sign

View Full Analysis

What is Alfresa Holdings Dividend Payout Ratio?

Alfresa Holdings TSE:2784 +0.21% 83 Dividend Payout Ratio is 1.31 as of Mar. 2026, which is 212% above its 10-year median of 0.42. GuruFocus rates TSE:2784 with a GF Score™ of 83/100 and a GF Value™ of 円2,542.44 (Fairly Valued). The stock has 1 warning sign investors should review. Among 63 Medical Distribution companies, Alfresa Holdings ranks worse than 57.14% 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. Alfresa Holdings's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.31.

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

TSE:2784' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.24 Med: 0.42 Max: 0.53
Current: 0.47

During the past 13 years, the highest Dividend Payout Ratio of Alfresa Holdings was 0.53. The lowest was 0.24. And the median was 0.42.

TSE:2784's Dividend Payout Ratio is ranked worse than
57.14% of 63 companies
in the Medical Distribution industry
Industry Median: 0.43 vs TSE:2784: 0.47

As of today (2026-07-29), the Dividend Yield % of Alfresa Holdings is 2.82%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Alfresa Holdings was 3.53%. The lowest was 1.24%. And the median was 2.50%.

Alfresa Holdings's Dividends per Share for the months ended in Mar. 2026 was 円34.00.

During the past 12 months, Alfresa Holdings's average Dividends Per Share Growth Rate was 7.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 6.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 5.20% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 7.40% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Alfresa Holdings was 12.40% per year. The lowest was 1.10% per year. And the median was 7.05% 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.

Alfresa Holdings (TSE:2784) 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.

Alfresa Holdings Dividend Payout Ratio Related Terms

Alfresa Holdings Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Alfresa 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.

Alfresa Holdings Dividend Payout Ratio Chart

Alfresa Holdings Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Dividend Payout Ratio

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0.52

0.53

0.43

0.42

0.47

Alfresa Holdings 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															1.06	0.00	0.99	0.00	1.31

TSE:2784 vs MCK, COR, CAH: Dividend Payout Ratio Comparison

For the Medical Distribution subindustry, Alfresa 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.

Alfresa Holdings Dividend Payout Ratio vs Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Alfresa Holdings's Dividend Payout Ratio distribution charts can be found below:

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

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83GF Score

Alfresa Holdings Corp TSE:2784

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

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Alfresa Holdings Dividend Payout Ratio Calculation

Alfresa Holdings'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 )
	=	68	/	143.376
	=	0.47

Alfresa Holdings'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 )
	=	34	/	25.907
	=	1.31

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.31 mean?

Alfresa Holdings (TSE:2784) has a Dividend Payout Ratio of 1.31 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Alfresa Holdings and its competitors. This is 212% above median its historical median of 0.42. Over the past decade, Alfresa Holdings' Dividend Payout Ratio has ranged from 0.24 to 0.53. According to the industry distribution chart, Alfresa Holdings ranks #36 out of 63 companies in the Medical Distribution industry, placing it in the top 57.1%.

Is Alfresa Holdings' Dividend Payout Ratio too high?

Alfresa Holdings' current Dividend Payout Ratio of 1.31 is 212% above median its 10-year median of 0.42. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 0.53. The Medical Distribution industry median Dividend Payout Ratio is 0.43. Alfresa Holdings' value of 1.31 is 204.7% above this industry median. Based on the distribution chart, Alfresa Holdings ranks #36 out of 63 companies in the Medical Distribution industry, which is below the industry midpoint. Overall, Alfresa Holdings has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Alfresa Holdings' Dividend Payout Ratio compare to MCK and COR?

According to the Medical Distribution industry distribution chart, Alfresa Holdings ranks #36 out of 63 companies for Dividend Payout Ratio. This places Alfresa Holdings in the lower half of its industry. The industry median Dividend Payout Ratio is 0.43. Alfresa Holdings' value of 1.31 is 204.7% above this benchmark. Historically, Alfresa Holdings' own Dividend Payout Ratio has ranged from 0.24 to 0.53 over the past decade. While the company's 10-year median is 0.42 vs. the industry median of 0.43, Alfresa 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 a Medical Distribution company?

The median Dividend Payout Ratio among Medical Distribution companies is 0.43, based on 63 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. Alfresa Holdings's current Dividend Payout Ratio of 1.31 is 204.7% 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 Alfresa Holdings and its competitors. For the Medical Distribution industry, the median Dividend Payout Ratio is 0.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alfresa Holdings's current Dividend Payout Ratio is 1.31, which is 212% above median its own 10-year median of 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Alfresa Holdings stock overvalued right now?

Based on GuruFocus' analysis, Alfresa Holdings (TSE:2784) is currently considered Fairly Valued. The stock's GF Value™ is 円2,542.44, compared to a current price of 円2,414.00 — trading 5.1% below its estimated fair value. The current Dividend Payout Ratio is 1.31, which is 212% above median its 10-year median of 0.42 and 204.7% above the Medical Distribution industry median of 0.43. Alfresa Holdings' overall GF Score™ is 83/100 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 Alfresa Holdings (TSE:2784), the current Dividend Payout Ratio is 1.31 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 Alfresa Holdings (TSE:2784) Overvalued in 2026?

Based on GuruFocus' analysis, Alfresa Holdings stock appears to be undervalued. The current stock price of 円2,414.00 is trading 5.1% below its estimated GF Value™ of 円2,542.44. GuruFocus considers Alfresa Holdings to be Fairly Valued.

Key valuation signals for TSE:2784:

Dividend Payout Ratio: 1.31 (212% above median its 10-year median of 0.42)
GF Value™: 円2,542.44 vs. price of 円2,414.00 (5.1% below fair value)
GF Score™: 83/100 with 1 warning sign
Industry Position: 204.7% above the Medical Distribution median (#36 of 63)

No single metric tells the full story. See the TSE:2784 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Alfresa Holdings Business Description

Industry Healthcare Medical Distribution

Comparable Companies TSE:9987 TSE:8129 TSE:7459 TSE:7476 TSE:3151 TSE:3183 NGO:7488 SSE:3055 TSE:7634 TSE:2689 MCK COR CAH ASX:SIG HSIC SHSE:601607 HKSE:01099 XSWX:GALE SHSE:600332 SHSE:600998

Other Exchanges ALFRY:USA

Address 1-1-3 Otemachi, Chiyoda-ku, Tokyo, JPN, 100-0004

Website https://www.alfresa.com

Alfresa Holdings Corp is engaged in the pharmaceutical distribution and related businesses. The company operates through four reportable segments: Wholesale business of medical drugs, Self-Medication Wholesale Business, Pharmaceutical Manufacturing Business, and Medical-Related Business. Its operations include the wholesale of ethical and over-the-counter pharmaceuticals, the manufacture and sale of pharmaceuticals, medical testing reagents, and medical equipment, as well as the operation of dispensing pharmacies.

83GF Score

Get the complete analysis for TSE:2784

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

円2,414.00

Price

円2,542.44

GF Value

View TSE:2784 Analysis

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