Ray (TSE:4317) Dividend Payout Ratio: 0.96 (As of Feb. 2026) — 284% Above Median

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TSE:4317 Ray Corp TSE:4317
75 GF Score
Price 円559.00
GF Value 円558.91
Valuation Fairly Valued
View Full Analysis

What is Ray Dividend Payout Ratio?

Ray TSE:4317 -1.24% 75 Dividend Payout Ratio is 0.96 as of Feb. 2026, which is 284% above its 10-year median of 0.25. GuruFocus rates TSE:4317 with a GF Score™ of 75/100 and a GF Value™ of 円558.91 (Fairly Valued). Among 338 Media - Diversified companies, Ray ranks better than 84.02% 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. Ray's Dividend Payout Ratio for the months ended in Feb. 2026 was 0.96.

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

TSE:4317' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.1   Med: 0.25   Max: 0.35
Current: 0.21

During the past 13 years, the highest Dividend Payout Ratio of Ray was 0.35. The lowest was 0.10. And the median was 0.25.

TSE:4317's Dividend Payout Ratio is ranked better than
84.02% of 338 companies
in the Media - Diversified industry
Industry Median: 0.475 vs TSE:4317: 0.21

As of today (2026-08-31), the Dividend Yield % of Ray is 3.58%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Ray was 4.39%. The lowest was 0.66%. And the median was 2.03%.

Ray's Dividends per Share for the months ended in Feb. 2026 was 円20.00.

During the past 12 months, Ray's average Dividends Per Share Growth Rate was 33.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 10.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 26.20% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 14.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Ray was 44.20% per year. The lowest was -5.90% per year. And the median was 7.70% 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.

Ray (TSE:4317) 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.

Ray Dividend Payout Ratio Related Terms

Ray Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Ray'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.

Ray Dividend Payout Ratio Chart

Ray Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.26 0.25 0.26 0.28 0.21

Ray Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.96 0.00

TSE:4317 vs NFLX, DIS, WBD: Dividend Payout Ratio Comparison

For the Entertainment subindustry, Ray'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.

Ray Dividend Payout Ratio vs Media - Diversified Industry

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

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


TSE:4317
75GF Score
Ray Corp TSE:4317
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ray 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.

Ray's Dividend Payout Ratio for the fiscal year that ended in Feb. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Feb. 2026 )/ EPS without NRI (A: Feb. 2026 )
=20/ 97.06
=0.21

Ray's Dividend Payout Ratio for the quarter that ended in Feb. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Feb. 2026 )/ EPS without NRI (Q: Feb. 2026 )
=20/ 20.812
=0.96

* 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 0.96 mean?
Ray (TSE:4317) has a Dividend Payout Ratio of 0.96 as of Feb. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Ray and its competitors. This is 284% above median its historical median of 0.25. Over the past decade, Ray's Dividend Payout Ratio has ranged from 0.10 to 0.35. According to the industry distribution chart, Ray ranks #54 out of 338 companies in the Media - Diversified industry, placing it in the top 16%.
Is Ray's Dividend Payout Ratio too high?
Ray's current Dividend Payout Ratio of 0.96 is 284% above median its 10-year median of 0.25. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 0.35. The Media - Diversified industry median Dividend Payout Ratio is 0.48. Ray's value of 0.96 is 102.1% above this industry median. Based on the distribution chart, Ray ranks #54 out of 338 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Ray has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ray's Dividend Payout Ratio compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Ray ranks #54 out of 338 companies for Dividend Payout Ratio. This places Ray in the top 16% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.48. Ray's value of 0.96 is 102.1% above this benchmark. Historically, Ray's own Dividend Payout Ratio has ranged from 0.10 to 0.35 over the past decade. While the company's 10-year median is 0.25 vs. the industry median of 0.48, Ray 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 Media - Diversified company?
The median Dividend Payout Ratio among Media - Diversified companies is 0.48, based on 338 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. Ray's current Dividend Payout Ratio of 0.96 is 102.1% 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 Ray and its competitors. For the Media - Diversified industry, the median Dividend Payout Ratio is 0.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ray's current Dividend Payout Ratio is 0.96, which is 284% above median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ray stock overvalued right now?
Based on GuruFocus' analysis, Ray (TSE:4317) is currently considered Fairly Valued. The stock's GF Value™ is 円558.91, compared to a current price of 円559.00 — trading 0% above its estimated fair value. The current Dividend Payout Ratio is 0.96, which is 284% above median its 10-year median of 0.25 and 102.1% above the Media - Diversified industry median of 0.48. Ray's overall GF Score™ is 75/100. 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 Ray (TSE:4317), the current Dividend Payout Ratio is 0.96 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 Ray (TSE:4317) Overvalued in 2026?

Based on GuruFocus' analysis, Ray stock appears to be overvalued. The current stock price of 円559.00 is trading 0% above its estimated GF Value™ of 円558.91. GuruFocus considers Ray to be Fairly Valued.

Key valuation signals for TSE:4317:

  • Dividend Payout Ratio: 0.96 (284% above median its 10-year median of 0.25)
  • GF Value™: 円558.91 vs. price of 円559.00 (0% above fair value)
  • GF Score™: 75/100
  • Industry Position: 102.1% above the Media - Diversified median (#54 of 338)

No single metric tells the full story. See the TSE:4317 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ray Business Description

Address 6-15-21 Roppongi, Hakus Roppongi Building, Minato-ku, Tokyo, JPN, 106-0032
Ray Corp is a Japan-based advertising company that operates in two business segments. The Advertising Solution segment has two divisions: the SP and event division, which handles planning and production of sales promotions, campaigns, expos, and showrooms; and the TVCM division, which creates TV commercials and promotional videos. The Technical Solution segment includes a video equipment rental division for events and business presentations, and a post-production division offering video editing, DVD/Blu-ray, and CG production services.
75GF Score

Get the complete analysis for TSE:4317

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

円559.00
Price
円558.91
GF Value