MERFTSE:3168 -3.40%51 Dividend Payout Ratio is 0.08 as of Feb. 2026, which is 83% below its 10-year median of 0.47. GuruFocus rates TSE:3168 with a GF Score™ of 51/100 and a GF Value™ of 円576.19 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 301 Metals & Mining companies, MERF ranks better than 71.1% 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. MERF's Dividend Payout Ratio for the
months ended in Feb. 2026 was 0.08.
The historical rank and industry rank for MERF's Dividend Payout Ratio or its related term are showing as below:
TSE:3168'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.09 Med: 0.47 Max: 1.56
Current: 0.17
During the past 13 years, the highest Dividend Payout Ratio of MERF was 1.56. The lowest was 0.09. And the median was 0.47.
TSE:3168's Dividend Payout Ratio is ranked better than 71.1% of 301
companies
in the Metals & Mining industry
Industry Median: 0.27
vs TSE:3168: 0.17
During the past 5 years, the average Dividends Per Share Growth Rate was 6.80% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 12.10% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of MERF was 44.20% per year. The lowest was -20.60% per year. And the median was 5.05% 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.
MERF (TSE:3168) 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.
MERF Dividend Payout Ratio Related Terms
MERF Dividend Payout Ratio Historical Data
* Premium members only.
The historical data trend for MERF'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.
For the Other Industrial Metals & Mining subindustry, MERF'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.
MERF Dividend Payout Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, MERF's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where MERF's Dividend Payout Ratio falls into.
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.
MERF's Dividend Payout Ratio for the fiscal year that ended in Aug. 2025 is calculated as
* 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.
MERF (TSE:3168) has a Dividend Payout Ratio of 0.08 as of Feb. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on MERF and its competitors. This is 83% below median its historical median of 0.47. Over the past decade, MERF's Dividend Payout Ratio has ranged from 0.09 to 1.56. According to the industry distribution chart, MERF ranks #87 out of 301 companies in the Metals & Mining industry, placing it in the top 28.9%.
Is MERF's Dividend Payout Ratio too high?
MERF's current Dividend Payout Ratio of 0.08 is 83% below median its 10-year median of 0.47. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 1.56. The Metals & Mining industry median Dividend Payout Ratio is 0.27. MERF's value of 0.08 is 70.4% below this industry median. Based on the distribution chart, MERF ranks #87 out of 301 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, MERF has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MERF's Dividend Payout Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, MERF ranks #87 out of 301 companies for Dividend Payout Ratio. This puts MERF in the upper half of its industry. The industry median Dividend Payout Ratio is 0.27. MERF's value of 0.08 is 70.4% below this benchmark. Historically, MERF's own Dividend Payout Ratio has ranged from 0.09 to 1.56 over the past decade. While the company's 10-year median is 0.47 vs. the industry median of 0.27, MERF has consistently been below 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 Metals & Mining company?
The median Dividend Payout Ratio among Metals & Mining companies is 0.27, based on 301 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. MERF's current Dividend Payout Ratio of 0.08 is 70.4% below 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 MERF and its competitors. For the Metals & Mining industry, the median Dividend Payout Ratio is 0.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MERF's current Dividend Payout Ratio is 0.08, which is 83% below median its own 10-year median of 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MERF stock overvalued right now?
Based on GuruFocus' analysis, MERF (TSE:3168) is currently considered Significantly Overvalued. The stock's GF Value™ is 円576.19, compared to a current price of 円1,251.00 — trading 117.1% above its estimated fair value. The current Dividend Payout Ratio is 0.08, which is 83% below median its 10-year median of 0.47 and 70.4% below the Metals & Mining industry median of 0.27. MERF's overall GF Score™ is 51/100 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 MERF (TSE:3168), the current Dividend Payout Ratio is 0.08 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 MERF (TSE:3168) Overvalued in 2026?
Based on GuruFocus' analysis, MERF stock appears to be overvalued.
The current stock price of 円1,251.00 is trading 117.1% above its estimated GF Value™ of 円576.19.
GuruFocus considers MERF to be Significantly Overvalued.
Key valuation signals for TSE:3168:
Dividend Payout Ratio: 0.08 (83% below median its 10-year median of 0.47)
GF Value™: 円576.19 vs. price of 円1,251.00 (117.1% above fair value)
Industry Position: 70.4% below the Metals & Mining median (#87 of 301)
No single metric tells the full story. See the TSE:3168 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MERF Inc is engaged in recycling non-ferrous metals, focusing on copper and copper alloys. Its business activities are divided into two main segments: the Ingot Business, which involves the manufacturing of copper alloy ingots, and the Metal Recycling Raw Materials Business, which is engaged in metal recycling. It is also involved in the manufacturing and selling of art and craft products segment.
51GF Score
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