Grandy House (TSE:8999) Dividend Payout Ratio: 1.54 (As of Mar. 2026) — 295% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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:8999 Grandy House Corp TSE:8999
54 GF Score
Price 円537.00
GF Value 円582.07
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Grandy House Dividend Payout Ratio?

Grandy House TSE:8999 -0.92% 54 Dividend Payout Ratio is 1.54 as of Mar. 2026, which is 295% above its 10-year median of 0.39. GuruFocus rates TSE:8999 with a GF Score™ of 54/100 and a GF Value™ of 円582.07 (Fairly Valued). The stock has 7 warning signs investors should review. Among 708 Real Estate companies, Grandy House ranks worse than 84.46% 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. Grandy House's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.54.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Grandy House Corp is 1.00, which seems too high.

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

TSE:8999' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.21   Med: 0.39   Max: 2.28
Current: 1

During the past 13 years, the highest Dividend Payout Ratio of Grandy House was 2.28. The lowest was 0.21. And the median was 0.39.

TSE:8999's Dividend Payout Ratio is ranked worse than
84.46% of 708 companies
in the Real Estate industry
Industry Median: 0.4 vs TSE:8999: 1.00

As of today (2026-08-04), the Dividend Yield % of Grandy House is 5.96%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Grandy House was 7.85%. The lowest was 2.37%. And the median was 4.97%.

Grandy House's Dividends per Share for the months ended in Mar. 2026 was 円32.00.

During the past 5 years, the average Dividends Per Share Growth Rate was 13.20% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 11.20% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Grandy House was 31.70% per year. The lowest was -4.40% per year. And the median was 11.60% 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.

Grandy House (TSE:8999) 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.

Grandy House Dividend Payout Ratio Related Terms

Grandy House Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Grandy House'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.

Grandy House Dividend Payout Ratio Chart

Grandy House 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 0.34 0.44 2.28 1.57 1.00

Grandy House Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.49 0.00 2.11 0.00 1.54

TSE:8999 vs CBRE, BEKE, JLL: Dividend Payout Ratio Comparison

For the Real Estate Services subindustry, Grandy House'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.

Grandy House Dividend Payout Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Grandy House's Dividend Payout Ratio distribution charts can be found below:

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


TSE:8999
54GF Score
Grandy House Corp TSE:8999
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grandy House 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.

Grandy House'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 )
=32/ 32.084
=1.00

Grandy House'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 )
=32/ 20.85
=1.53

* 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 1.54 mean?
Grandy House (TSE:8999) has a Dividend Payout Ratio of 1.54 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Grandy House and its competitors. This is 295% above median its historical median of 0.39. Over the past decade, Grandy House's Dividend Payout Ratio has ranged from 0.21 to 2.28. According to the industry distribution chart, Grandy House ranks #598 out of 708 companies in the Real Estate industry, placing it in the top 84.5%.
Is Grandy House's Dividend Payout Ratio too high?
Grandy House's current Dividend Payout Ratio of 1.54 is 295% above median its 10-year median of 0.39. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 2.28. The Real Estate industry median Dividend Payout Ratio is 0.40. Grandy House's value of 1.54 is 285% above this industry median. Based on the distribution chart, Grandy House ranks #598 out of 708 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Grandy House has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Grandy House's Dividend Payout Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Grandy House ranks #598 out of 708 companies for Dividend Payout Ratio. This places Grandy House in the lower half of its industry. The industry median Dividend Payout Ratio is 0.40. Grandy House's value of 1.54 is 285% above this benchmark. Historically, Grandy House's own Dividend Payout Ratio has ranged from 0.21 to 2.28 over the past decade. While the company's 10-year median is 0.39 vs. the industry median of 0.40, Grandy House 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 Real Estate company?
The median Dividend Payout Ratio among Real Estate companies is 0.40, based on 708 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. Grandy House's current Dividend Payout Ratio of 1.54 is 285% 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 Grandy House and its competitors. For the Real Estate industry, the median Dividend Payout Ratio is 0.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grandy House's current Dividend Payout Ratio is 1.54, which is 295% above median its own 10-year median of 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grandy House stock overvalued right now?
Based on GuruFocus' analysis, Grandy House (TSE:8999) is currently considered Fairly Valued. The stock's GF Value™ is 円582.07, compared to a current price of 円537.00 — trading 7.7% below its estimated fair value. The current Dividend Payout Ratio is 1.54, which is 295% above median its 10-year median of 0.39 and 285% above the Real Estate industry median of 0.40. Grandy House's overall GF Score™ is 54/100 with 7 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 Grandy House (TSE:8999), the current Dividend Payout Ratio is 1.54 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 Grandy House (TSE:8999) Overvalued in 2026?

Based on GuruFocus' analysis, Grandy House stock appears to be undervalued. The current stock price of 円537.00 is trading 7.7% below its estimated GF Value™ of 円582.07. GuruFocus considers Grandy House to be Fairly Valued.

Key valuation signals for TSE:8999:

  • Dividend Payout Ratio: 1.54 (295% above median its 10-year median of 0.39)
  • GF Value™: 円582.07 vs. price of 円537.00 (7.7% below fair value)
  • GF Score™: 54/100 with 7 warning signs
  • Industry Position: 285% above the Real Estate median (#598 of 708)

No single metric tells the full story. See the TSE:8999 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Grandy House Business Description

Address 4-3-18, Odori, Tochigi Prefecture, Utsunomiya, JPN, 3320-081
Grandy House Corp is a real estate company based in Japan. The company's three reportable segments are classified as Real Estate Sales, Construction Material Sales, and Real Estate Leasing. The Real Estate Sales business includes sales of new homes including building contract and sale of land and existing homes and home renovation. The Construction Material Sales business comprises of production and sale of pre-cut materials for housing and sale of construction materials and home facilities and equipment. In the Real Estate Leasing business, activities comprise the leasing of office, homes, related properties, and parking facilities.
54GF Score

Get the complete analysis for TSE:8999

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

円537.00
Price
円582.07
GF Value