Watahan (TSE:3199) Dividend Payout Ratio: 0.37 (As of Mar. 2026) — 76% Above Median

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TSE:3199 Watahan & Co Ltd TSE:3199
64 GF Score
Price 円1,352.00
GF Value 円1,660.77
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Watahan Dividend Payout Ratio?

Watahan TSE:3199 +0.15% 64 Dividend Payout Ratio is 0.37 as of Mar. 2026, which is 76% above its 10-year median of 0.21. GuruFocus rates TSE:3199 with a GF Score™ of 64/100 and a GF Value™ of 円1,660.77 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 507 Retail - Cyclical companies, Watahan ranks better than 79.09% 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. Watahan's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.37.

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

TSE:3199' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.21   Max: 0.3
Current: 0.22

During the past 13 years, the highest Dividend Payout Ratio of Watahan was 0.30. The lowest was 0.17. And the median was 0.21.

TSE:3199's Dividend Payout Ratio is ranked better than
79.09% of 507 companies
in the Retail - Cyclical industry
Industry Median: 0.41 vs TSE:3199: 0.22

As of today (2026-07-25), the Dividend Yield % of Watahan is 2.22%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Watahan was 2.62%. The lowest was 0.54%. And the median was 1.45%.

Watahan's Dividends per Share for the months ended in Mar. 2026 was 円30.00.

During the past 12 months, Watahan's average Dividends Per Share Growth Rate was 25.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 10.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 9.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 11.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Watahan was 30.10% per year. The lowest was 4.60% per year. And the median was 9.40% 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.

Watahan (TSE:3199) 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.

Watahan Dividend Payout Ratio Related Terms

Watahan Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Watahan'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.

Watahan Dividend Payout Ratio Chart

Watahan Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.21 0.30 0.26 0.21 0.22

Watahan Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 0.43 0.00 0.48 0.00 0.37

TSE:3199 vs HD, LOW, FND: Dividend Payout Ratio Comparison

For the Home Improvement Retail subindustry, Watahan'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.

Watahan Dividend Payout Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Watahan's Dividend Payout Ratio distribution charts can be found below:

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


TSE:3199
64GF Score
Watahan & Co Ltd TSE:3199
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Watahan 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.

Watahan'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 )
=30/ 136.876
=0.22

Watahan'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 )
=30/ 80.602
=0.37

* 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 0.37 mean?
Watahan (TSE:3199) has a Dividend Payout Ratio of 0.37 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Watahan and its competitors. This is 76% above median its historical median of 0.21. Over the past decade, Watahan's Dividend Payout Ratio has ranged from 0.17 to 0.30. According to the industry distribution chart, Watahan ranks #106 out of 507 companies in the Retail - Cyclical industry, placing it in the top 20.9%.
Is Watahan's Dividend Payout Ratio too high?
Watahan's current Dividend Payout Ratio of 0.37 is 76% above median its 10-year median of 0.21. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.30. The Retail - Cyclical industry median Dividend Payout Ratio is 0.41. Watahan's value of 0.37 is 9.8% below this industry median. Based on the distribution chart, Watahan ranks #106 out of 507 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Watahan has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Watahan's Dividend Payout Ratio compare to HD and LOW?
According to the Retail - Cyclical industry distribution chart, Watahan ranks #106 out of 507 companies for Dividend Payout Ratio. This places Watahan in the top 21% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.41. Watahan's value of 0.37 is 9.8% below this benchmark. Historically, Watahan's own Dividend Payout Ratio has ranged from 0.17 to 0.30 over the past decade. While the company's 10-year median is 0.21 vs. the industry median of 0.41, Watahan 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 Retail - Cyclical company?
The median Dividend Payout Ratio among Retail - Cyclical companies is 0.41, based on 507 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. Watahan's current Dividend Payout Ratio of 0.37 is 9.8% 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 Watahan and its competitors. For the Retail - Cyclical industry, the median Dividend Payout Ratio is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Watahan's current Dividend Payout Ratio is 0.37, which is 76% above median its own 10-year median of 0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Watahan stock overvalued right now?
Based on GuruFocus' analysis, Watahan (TSE:3199) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,660.77, compared to a current price of 円1,352.00 — trading 18.6% below its estimated fair value. The current Dividend Payout Ratio is 0.37, which is 76% above median its 10-year median of 0.21 and 9.8% below the Retail - Cyclical industry median of 0.41. Watahan's overall GF Score™ is 64/100 with 3 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 Watahan (TSE:3199), the current Dividend Payout Ratio is 0.37 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 Watahan (TSE:3199) Overvalued in 2026?

Based on GuruFocus' analysis, Watahan stock appears to be undervalued. The current stock price of 円1,352.00 is trading 18.6% below its estimated GF Value™ of 円1,660.77. GuruFocus considers Watahan to be Modestly Undervalued.

Key valuation signals for TSE:3199:

  • Dividend Payout Ratio: 0.37 (76% above median its 10-year median of 0.21)
  • GF Value™: 円1,660.77 vs. price of 円1,352.00 (18.6% below fair value)
  • GF Score™: 64/100 with 3 warning signs
  • Industry Position: 9.8% below the Retail - Cyclical median (#106 of 507)

No single metric tells the full story. See the TSE:3199 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Watahan Business Description

Address 1023-1 Kitagata, Nagano Prefecture, Iida, JPN
Watahan & Co Ltd engages in the retail, construction, and trading businesses in Japan. The company operates home improvement supercenters. It is also involved in the construction design, operation, maintenance, and management activities; civil engineering operations; construction of landscaping and facades; sales and rental of construction materials, nursing care; operation of parking lots; and parked vehicle management activities. In addition, it provides consultancy services related to building construction, maintenance, management, and renovation activities; and manufactures and constructs steel buildings and bridge frames, as well as earthquake-resistant bridges.
64GF Score

Get the complete analysis for TSE:3199

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

円1,352.00
Price
円1,660.77
GF Value