Iceco (TSE:7698) Dividend Payout Ratio: 0.77 (As of Mar. 2026) — 235% Above Median


TSE:7698 Iceco Inc TSE:7698
65 GF Score
Price 円2,499.00
GF Value 円1,875.77
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Iceco Dividend Payout Ratio?

Iceco TSE:7698 +0.16% 65 Dividend Payout Ratio is 0.77 as of Mar. 2026, which is 235% above its 10-year median of 0.23. GuruFocus rates TSE:7698 with a GF Score™ of 65/100 and a GF Value™ of 円1,875.77 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 181 Retail - Defensive companies, Iceco ranks better than 88.95% 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. Iceco's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.77.

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

TSE:7698' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.23   Max: 3.44
Current: 0.16

During the past 8 years, the highest Dividend Payout Ratio of Iceco was 3.44. The lowest was 0.07. And the median was 0.23.

TSE:7698's Dividend Payout Ratio is ranked better than
88.95% of 181 companies
in the Retail - Defensive industry
Industry Median: 0.37 vs TSE:7698: 0.16

As of today (2026-07-04), the Dividend Yield % of Iceco is 0.80%.

During the past 8 years, the highest Trailing Annual Dividend Yield of Iceco was 2.66%. The lowest was 0.74%. And the median was 1.48%.

Iceco's Dividends per Share for the months ended in Mar. 2026 was 円10.00.

During the past 12 months, Iceco's average Dividends Per Share Growth Rate was 2.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 2.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.70% per year.

During the past 8 years, the highest 3-Year average Dividends Per Share Growth Rate of Iceco was 16.60% per year. The lowest was -48.10% per year. And the median was 2.60% 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.

Iceco (TSE:7698) 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.

Iceco Dividend Payout Ratio Related Terms

Iceco Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Iceco'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.

Iceco Dividend Payout Ratio Chart

Iceco Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Dividend Payout Ratio
Get a 7-Day Free Trial 0.24 0.62 0.23 0.17 0.15

Iceco Semi-Annual Data
Mar19 Mar20 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 0.00 0.10 0.41 0.09 0.77

TSE:7698 vs SYY, USFD, PFGC: Dividend Payout Ratio Comparison

For the Food Distribution subindustry, Iceco'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.

Iceco Dividend Payout Ratio vs Retail - Defensive Industry

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

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


TSE:7698
65GF Score
Iceco Inc TSE:7698
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Iceco 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.

Iceco'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 )
=20/ 131.3
=0.15

Iceco'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 )
=10/ 13.063
=0.77

* 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 0.77 mean?
Iceco (TSE:7698) has a Dividend Payout Ratio of 0.77 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Iceco and its competitors. This is 235% above median its historical median of 0.23. Over the past decade, Iceco's Dividend Payout Ratio has ranged from 0.07 to 3.44. According to the industry distribution chart, Iceco ranks #20 out of 181 companies in the Retail - Defensive industry, placing it in the top 11%.
Is Iceco's Dividend Payout Ratio too high?
Iceco's current Dividend Payout Ratio of 0.77 is 235% above median its 10-year median of 0.23. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 3.44. The Retail - Defensive industry median Dividend Payout Ratio is 0.37. Iceco's value of 0.77 is 108.1% above this industry median. Based on the distribution chart, Iceco ranks #20 out of 181 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Iceco has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Iceco's Dividend Payout Ratio compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Iceco ranks #20 out of 181 companies for Dividend Payout Ratio. This places Iceco in the top 11% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.37. Iceco's value of 0.77 is 108.1% above this benchmark. Historically, Iceco's own Dividend Payout Ratio has ranged from 0.07 to 3.44 over the past decade. While the company's 10-year median is 0.23 vs. the industry median of 0.37, Iceco 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 Retail - Defensive company?
The median Dividend Payout Ratio among Retail - Defensive companies is 0.37, based on 181 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. Iceco's current Dividend Payout Ratio of 0.77 is 108.1% 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 Iceco and its competitors. For the Retail - Defensive industry, the median Dividend Payout Ratio is 0.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iceco's current Dividend Payout Ratio is 0.77, which is 235% above median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iceco stock overvalued right now?
Based on GuruFocus' analysis, Iceco (TSE:7698) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,875.77, compared to a current price of 円2,499.00 — trading 33.2% above its estimated fair value. The current Dividend Payout Ratio is 0.77, which is 235% above median its 10-year median of 0.23 and 108.1% above the Retail - Defensive industry median of 0.37. Iceco's overall GF Score™ is 65/100 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 Iceco (TSE:7698), the current Dividend Payout Ratio is 0.77 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 Iceco (TSE:7698) Overvalued in 2026?

Based on GuruFocus' analysis, Iceco stock appears to be overvalued. The current stock price of 円2,499.00 is trading 33.2% above its estimated GF Value™ of 円1,875.77. GuruFocus considers Iceco to be Significantly Overvalued.

Key valuation signals for TSE:7698:

  • Dividend Payout Ratio: 0.77 (235% above median its 10-year median of 0.23)
  • GF Value™: 円1,875.77 vs. price of 円2,499.00 (33.2% above fair value)
  • GF Score™: 65/100 with 6 warning signs
  • Industry Position: 108.1% above the Retail - Defensive median (#20 of 181)

No single metric tells the full story. See the TSE:7698 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Iceco Business Description

Address 1212 Shinbashicho, Yokohama Izumi-ku, Kanagawa, Tokyo, JPN, 245-0009
Iceco Inc is principally involved in the wholesale of frozen foods and ice cream. The company is also engaged in the supermarket business, which operates a food supermarket. The company generates the majority of its revenue from the Frozen food business.
65GF Score

Get the complete analysis for TSE:7698

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

円2,499.00
Price
円1,875.77
GF Value