Superbag CoTSE:3945 +0.31%53 Dividend Payout Ratio is 0.43 as of Mar. 2026, which is 105% above its 10-year median of 0.21. GuruFocus rates TSE:3945 with a GF Score™ of 53/100 and a GF Value™ of 円2,597.65 (Modestly Undervalued). Among 116 Forest Products companies, Superbag Co ranks better than 68.1% 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. Superbag Co's Dividend Payout Ratio for the
months ended in Mar. 2026 was 0.43.
The historical rank and industry rank for Superbag Co's Dividend Payout Ratio or its related term are showing as below:
TSE:3945'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.14 Med: 0.21 Max: 0.48
Current: 0.26
During the past 13 years, the highest Dividend Payout Ratio of Superbag Co was 0.48. The lowest was 0.14. And the median was 0.21.
TSE:3945's Dividend Payout Ratio is ranked better than 68.1% of 116
companies
in the Forest Products industry
Industry Median: 0.405
vs TSE:3945: 0.26
During the past 12 months, Superbag Co's average Dividends Per Share Growth Rate was 22.20% 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.
Superbag Co (TSE:3945) 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.
Superbag Co Dividend Payout Ratio Related Terms
Superbag Co Dividend Payout Ratio Historical Data
* Premium members only.
The historical data trend for Superbag 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.
Superbag Co Dividend Payout Ratio Competitor Comparison
For the Paper & Paper Products subindustry, Superbag 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.
Superbag Co Dividend Payout Ratio vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Superbag Co's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Superbag Co'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.
Superbag Co's Dividend Payout Ratio for the fiscal year that ended in Mar. 2026 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.
Superbag Co (TSE:3945) has a Dividend Payout Ratio of 0.43 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Superbag Co and its competitors. This is 105% above median its historical median of 0.21. Over the past decade, Superbag Co's Dividend Payout Ratio has ranged from 0.14 to 0.48. According to the industry distribution chart, Superbag Co ranks #37 out of 116 companies in the Forest Products industry, placing it in the top 31.9%.
Is Superbag Co's Dividend Payout Ratio too high?
Superbag Co's current Dividend Payout Ratio of 0.43 is 105% above median its 10-year median of 0.21. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 0.48. The Forest Products industry median Dividend Payout Ratio is 0.41. Superbag Co's value of 0.43 is 6.2% above this industry median. Based on the distribution chart, Superbag Co ranks #37 out of 116 companies in the Forest Products industry, which is above the industry midpoint. Overall, Superbag Co has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Superbag Co's Dividend Payout Ratio compare to competitors?
According to the Forest Products industry distribution chart, Superbag Co ranks #37 out of 116 companies for Dividend Payout Ratio. This puts Superbag Co in the upper half of its industry. The industry median Dividend Payout Ratio is 0.41. Superbag Co's value of 0.43 is 6.2% above this benchmark. Historically, Superbag Co's own Dividend Payout Ratio has ranged from 0.14 to 0.48 over the past decade. While the company's 10-year median is 0.21 vs. the industry median of 0.41, Superbag 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 Forest Products company?
The median Dividend Payout Ratio among Forest Products companies is 0.41, based on 116 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. Superbag Co's current Dividend Payout Ratio of 0.43 is 6.2% 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 Superbag Co and its competitors. For the Forest Products 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. Superbag Co's current Dividend Payout Ratio is 0.43, which is 105% 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 Superbag Co stock overvalued right now?
Based on GuruFocus' analysis, Superbag Co (TSE:3945) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,597.65, compared to a current price of 円2,233.00 — trading 14% below its estimated fair value. The current Dividend Payout Ratio is 0.43, which is 105% above median its 10-year median of 0.21 and 6.2% above the Forest Products industry median of 0.41. Superbag Co's overall GF Score™ is 53/100. 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 Superbag Co (TSE:3945), the current Dividend Payout Ratio is 0.43 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 Superbag Co (TSE:3945) Overvalued in 2026?
Based on GuruFocus' analysis, Superbag Co stock appears to be undervalued.
The current stock price of 円2,233.00 is trading 14% below its estimated GF Value™ of 円2,597.65.
GuruFocus considers Superbag Co to be Modestly Undervalued.
Key valuation signals for TSE:3945:
Dividend Payout Ratio: 0.43 (105% above median its 10-year median of 0.21)
GF Value™: 円2,597.65 vs. price of 円2,233.00 (14% below fair value)
Industry Position: 6.2% above the Forest Products median (#37 of 116)
No single metric tells the full story. See the TSE:3945 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Superbag Co Ltd is the Japan-based company engaged in the manufacturing and distribution of paper and plastic shopping bags. Its product offering includes a plastic bag, a paper square bottom bag, delivery bag, eco bag and paperware.
53GF Score
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