TOCALO Co (TSE:3433) Dividend Payout Ratio: 0.79 (As of Mar. 2026) — 114% Above Median


TSE:3433 TOCALO Co Ltd TSE:3433
91 GF Score
Price 円3,305.00
GF Value 円2,218.43
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is TOCALO Co Dividend Payout Ratio?

TOCALO Co TSE:3433 +0.92% 91 Dividend Payout Ratio is 0.79 as of Mar. 2026, which is 114% above its 10-year median of 0.37. GuruFocus rates TSE:3433 with a GF Score™ of 91/100 and a GF Value™ of 円2,218.43 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 516 Business Services companies, TOCALO Co ranks worse than 59.3% 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. TOCALO Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.79.

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

TSE:3433' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.32   Med: 0.37   Max: 0.51
Current: 0.51

During the past 13 years, the highest Dividend Payout Ratio of TOCALO Co was 0.51. The lowest was 0.32. And the median was 0.37.

TSE:3433's Dividend Payout Ratio is ranked worse than
59.3% of 516 companies
in the Business Services industry
Industry Median: 0.44 vs TSE:3433: 0.51

As of today (2026-07-05), the Dividend Yield % of TOCALO Co is 2.57%.

During the past 13 years, the highest Trailing Annual Dividend Yield of TOCALO Co was 4.51%. The lowest was 1.46%. And the median was 2.96%.

TOCALO Co's Dividends per Share for the months ended in Mar. 2026 was 円48.00.

During the past 12 months, TOCALO Co'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 19.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 20.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 15.60% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of TOCALO Co was 26.00% per year. The lowest was -12.60% per year. And the median was 14.50% 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.

TOCALO Co (TSE:3433) 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.

TOCALO Co Dividend Payout Ratio Related Terms

TOCALO Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for TOCALO 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.

TOCALO Co Dividend Payout Ratio Chart

TOCALO Co 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 0.39 0.41 0.51 0.50 0.51

TOCALO 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 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 0.97 0.00 1.21 0.00 0.79

TSE:3433 vs CTAS, CPRT, ULS: Dividend Payout Ratio Comparison

For the Specialty Business Services subindustry, TOCALO 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.

TOCALO Co Dividend Payout Ratio vs Business Services Industry

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

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


TSE:3433
91GF Score
TOCALO Co Ltd TSE:3433
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TOCALO Co 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.

TOCALO 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 )
=85/ 168.014
=0.51

TOCALO 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 )
=48/ 60.451
=0.79

* 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 0.79 mean?
TOCALO Co (TSE:3433) has a Dividend Payout Ratio of 0.79 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on TOCALO Co and its competitors. This is 114% above median its historical median of 0.37. Over the past decade, TOCALO Co's Dividend Payout Ratio has ranged from 0.32 to 0.51. According to the industry distribution chart, TOCALO Co ranks #306 out of 516 companies in the Business Services industry, placing it in the top 59.3%.
Is TOCALO Co's Dividend Payout Ratio too high?
TOCALO Co's current Dividend Payout Ratio of 0.79 is 114% above median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 0.51. The Business Services industry median Dividend Payout Ratio is 0.44. TOCALO Co's value of 0.79 is 79.5% above this industry median. Based on the distribution chart, TOCALO Co ranks #306 out of 516 companies in the Business Services industry, which is below the industry midpoint. Overall, TOCALO Co has a GF Score™ of 91/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOCALO Co's Dividend Payout Ratio compare to CTAS and CPRT?
According to the Business Services industry distribution chart, TOCALO Co ranks #306 out of 516 companies for Dividend Payout Ratio. This places TOCALO Co in the lower half of its industry. The industry median Dividend Payout Ratio is 0.44. TOCALO Co's value of 0.79 is 79.5% above this benchmark. Historically, TOCALO Co's own Dividend Payout Ratio has ranged from 0.32 to 0.51 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 0.44, TOCALO 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 Business Services company?
The median Dividend Payout Ratio among Business Services companies is 0.44, based on 516 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. TOCALO Co's current Dividend Payout Ratio of 0.79 is 79.5% 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 TOCALO Co and its competitors. For the Business Services 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. TOCALO Co's current Dividend Payout Ratio is 0.79, which is 114% above median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOCALO Co stock overvalued right now?
Based on GuruFocus' analysis, TOCALO Co (TSE:3433) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,218.43, compared to a current price of 円3,305.00 — trading 49% above its estimated fair value. The current Dividend Payout Ratio is 0.79, which is 114% above median its 10-year median of 0.37 and 79.5% above the Business Services industry median of 0.44. TOCALO Co's overall GF Score™ is 91/100 with 6 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 TOCALO Co (TSE:3433), the current Dividend Payout Ratio is 0.79 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 TOCALO Co (TSE:3433) Overvalued in 2026?

Based on GuruFocus' analysis, TOCALO Co stock appears to be overvalued. The current stock price of 円3,305.00 is trading 49% above its estimated GF Value™ of 円2,218.43. GuruFocus considers TOCALO Co to be Significantly Overvalued.

Key valuation signals for TSE:3433:

  • Dividend Payout Ratio: 0.79 (114% above median its 10-year median of 0.37)
  • GF Value™: 円2,218.43 vs. price of 円3,305.00 (49% above fair value)
  • GF Score™: 91/100 with 6 warning signs
  • Industry Position: 79.5% above the Business Services median (#306 of 516)

No single metric tells the full story. See the TSE:3433 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

TOCALO Co Business Description

Address 4-13-4, Fukaekita-Machi, Higashinada-Ku, Kobe, JPN, 658-0013
TOCALO Co Ltd develops surface modifying technologies in Japan and internationally. The company produces various functional coatings through thermal spraying technology, including vacuum plasma, atmospheric plasma, electric arc, and high-velocity oxy-fuel spraying, as well as powder, rod, and wire flame spraying processes. It also provides peripheral surface technologies, such as WIN KOTE, CDC-ZAC, and Lite Force coatings; and TD, PTA, and PVD processes.
91GF Score

Get the complete analysis for TSE:3433

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

円3,305.00
Price
円2,218.43
GF Value