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ASNOVA CoTSE:9223 30 Dividend Payout Ratio is 0.92 as of Mar. 2026, which is 736% above its 10-year median of 0.11. GuruFocus rates TSE:9223 with a GF Score™ of 30/100. The stock has 7 warning signs investors should review. Among 515 Business Services companies, ASNOVA Co ranks worse than 194174.56% 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. ASNOVA Co's Dividend Payout Ratio for the
months ended in Mar. 2026 was 0.92.
The historical rank and industry rank for ASNOVA Co's Dividend Payout Ratio or its related term are showing as below:
During the past 7 years, the highest Dividend Payout Ratio of ASNOVA Co was 0.12. The lowest was 0.10. And the median was 0.11.
TSE:9223's Dividend Payout Ratio is not ranked *
in the Business Services industry.
Industry Median: 0.44 * Ranked among companies with meaningful Dividend Payout Ratio only.
During the past 3 years, the average Dividends Per Share Growth Rate was 26.00% per year.
During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of ASNOVA Co was 26.00% per year. The lowest was 26.00% per year. And the median was 26.00% 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.
ASNOVA Co (TSE:9223) 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.
ASNOVA Co Dividend Payout Ratio Related Terms
ASNOVA Co Dividend Payout Ratio Historical Data
* Premium members only.
The historical data trend for ASNOVA 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.
TSE:9223 vs URI, SUNB, AER: Dividend Payout Ratio Comparison
For the Rental & Leasing Services subindustry, ASNOVA 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.
ASNOVA Co Dividend Payout Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, ASNOVA Co's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where ASNOVA 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.
ASNOVA 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.
ASNOVA Co (TSE:9223) has a Dividend Payout Ratio of 0.92 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on ASNOVA Co and its competitors. This is 736% above median its historical median of 0.11. Over the past decade, ASNOVA Co's Dividend Payout Ratio has ranged from 0.10 to 0.12. According to the industry distribution chart, ASNOVA Co ranks #999999 out of 515 companies in the Business Services industry.
Is ASNOVA Co's Dividend Payout Ratio too high?
ASNOVA Co's current Dividend Payout Ratio of 0.92 is 736% above median its 10-year median of 0.11. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 0.12. The Business Services industry median Dividend Payout Ratio is 0.44. ASNOVA Co's value of 0.92 is 109.1% above this industry median. Based on the distribution chart, ASNOVA Co ranks #999999 out of 515 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, ASNOVA Co has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does ASNOVA Co's Dividend Payout Ratio compare to URI and SUNB?
According to the Business Services industry distribution chart, ASNOVA Co ranks #999999 out of 515 companies for Dividend Payout Ratio. This places ASNOVA Co in the lower half of its industry. The industry median Dividend Payout Ratio is 0.44. ASNOVA Co's value of 0.92 is 109.1% above this benchmark. Historically, ASNOVA Co's own Dividend Payout Ratio has ranged from 0.10 to 0.12 over the past decade. While the company's 10-year median is 0.11 vs. the industry median of 0.44, ASNOVA 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 Business Services company?
The median Dividend Payout Ratio among Business Services companies is 0.44, based on 515 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. ASNOVA Co's current Dividend Payout Ratio of 0.92 is 109.1% 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 ASNOVA Co and its competitors. For the Business Services industry, the median Dividend Payout Ratio is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASNOVA Co's current Dividend Payout Ratio is 0.92, which is 736% above median its own 10-year median of 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASNOVA Co stock overvalued right now?
ASNOVA Co (TSE:9223) has a current Dividend Payout Ratio of 0.92. The current Dividend Payout Ratio is 0.92, which is 736% above median its 10-year median of 0.11 and 109.1% above the Business Services industry median of 0.44. ASNOVA Co's overall GF Score™ is 30/100 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 ASNOVA Co (TSE:9223), the current Dividend Payout Ratio is 0.92 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.
ASNOVA Co Ltd is engaged in the temporary equipment rental business, mainly focused on wedge-type scaffolding, which is used for low- to mid-rise buildings, mainly detached houses, and its main features are its high construction efficiency, transportation efficiency, and storage efficiency.
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