Value Golf (TSE:3931) Dividend Payout Ratio: 0.00 (As of Jan. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:3931 Value Golf Inc TSE:3931
50 GF Score
Price 円1,883.00
GF Value 円1,280.89
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Value Golf Dividend Payout Ratio?

Value Golf TSE:3931 -0.89% 50 Dividend Payout Ratio is 0.00 as of Jan. 2026. GuruFocus rates TSE:3931 with a GF Score™ of 50/100 and a GF Value™ of 円1,280.89 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 324 Media - Diversified companies, Value Golf ranks worse than 308641.67% 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. Value Golf's Dividend Payout Ratio for the months ended in Jan. 2026 was 0.00.

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


During the past 12 years, the highest Dividend Payout Ratio of Value Golf was 2.30. The lowest was 0.21. And the median was 1.31.

TSE:3931's Dividend Payout Ratio is not ranked *
in the Media - Diversified industry.
Industry Median: 0.5
* Ranked among companies with meaningful Dividend Payout Ratio only.

As of today (2026-07-15), the Dividend Yield % of Value Golf is 1.32%.

During the past 12 years, the highest Trailing Annual Dividend Yield of Value Golf was 2.17%. The lowest was 0.41%. And the median was 1.37%.

Value Golf's Dividends per Share for the months ended in Jan. 2026 was 円0.00.

During the past 3 years, the average Dividends Per Share Growth Rate was 7.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 16.20% per year.

During the past 12 years, the highest 3-Year average Dividends Per Share Growth Rate of Value Golf was 26.00% per year. The lowest was 7.70% per year. And the median was 16.85% 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.


Value Golf (TSE:3931) 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.


Value Golf Dividend Payout Ratio Related Terms


Value Golf Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Value Golf'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.

Value Golf Dividend Payout Ratio Chart

Value Golf Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.27 0.24 1.59 1.43 1.31

Value Golf Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.00 0.00 0.00 0.00 0.00

TSE:3931 vs NYT, WLY: Dividend Payout Ratio Comparison

For the Publishing subindustry, Value Golf'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.


Value Golf Dividend Payout Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Value Golf's Dividend Payout Ratio distribution charts can be found below:

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


TSE:3931
50GF Score
Value Golf Inc TSE:3931
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Value Golf 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.

Value Golf's Dividend Payout Ratio for the fiscal year that ended in Jan. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Jan. 2026 )/ EPS without NRI (A: Jan. 2026 )
=25/ 19.021
=1.31

Value Golf's Dividend Payout Ratio for the quarter that ended in Jan. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Jan. 2026 )/ EPS without NRI (Q: Jan. 2026 )
=0/ 0
=N/A

* 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 0.00 mean?
Value Golf (TSE:3931) has a Dividend Payout Ratio of 0.00 as of Jan. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Value Golf and its competitors. Over the past decade, Value Golf's Dividend Payout Ratio has ranged from 0.21 to 2.30. According to the industry distribution chart, Value Golf ranks #999999 out of 324 companies in the Media - Diversified industry.
Is Value Golf's Dividend Payout Ratio too high?
Value Golf's current Dividend Payout Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 2.30. Based on the distribution chart, Value Golf ranks #999999 out of 324 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Value Golf has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Value Golf's Dividend Payout Ratio compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Value Golf ranks #999999 out of 324 companies for Dividend Payout Ratio. This places Value Golf in the lower half of its industry. The industry median Dividend Payout Ratio is 0.50. Historically, Value Golf's own Dividend Payout Ratio has ranged from 0.21 to 2.30 over the past decade. 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 Media - Diversified company?
The median Dividend Payout Ratio among Media - Diversified companies is 0.50, based on 324 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. 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 Value Golf and its competitors. For the Media - Diversified industry, the median Dividend Payout Ratio is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Value Golf's current Dividend Payout Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Value Golf stock overvalued right now?
Based on GuruFocus' analysis, Value Golf (TSE:3931) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,280.89, compared to a current price of 円1,883.00 — trading 47% above its estimated fair value. The current Dividend Payout Ratio is 0.00. Value Golf's overall GF Score™ is 50/100 with 8 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 Value Golf (TSE:3931), the current Dividend Payout Ratio is 0.00 as of Jan. 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 Value Golf (TSE:3931) Overvalued in 2026?

Based on GuruFocus' analysis, Value Golf stock appears to be overvalued. The current stock price of 円1,883.00 is trading 47% above its estimated GF Value™ of 円1,280.89. GuruFocus considers Value Golf to be Significantly Overvalued.

Key valuation signals for TSE:3931:

  • Dividend Payout Ratio: 0.00
  • GF Value™: 円1,280.89 vs. price of 円1,883.00 (47% above fair value)
  • GF Score™: 50/100 with 8 warning signs

No single metric tells the full story. See the TSE:3931 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Value Golf Business Description

Address Shiba 4-chome Minato-ku, Tokyo Fast Okada Building, 4th and 5th floor, Tokyo, JPN, 108-0014
Value Golf Inc is engaged in the management of golf-related media, issues Golf magazines, and manages WEB services, develops systems and provides ASP services related to golf. It offers value service in both real and WEB. It also has advertisement media production business and medical business which include publication, service management for medical institutions.
50GF Score

Get the complete analysis for TSE:3931

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

円1,883.00
Price
円1,280.89
GF Value