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.
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.
eREX CoTSE:9517 +0.38%59 Dividend Payout Ratio is 1.08 as of Mar. 2026, which is 440% above its 10-year median of 0.20. GuruFocus rates TSE:9517 with a GF Score™ of 59/100 and a GF Value™ of 円491.66 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 178 Utilities - Independent Power Producers companies, eREX Co ranks better than 67.98% 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. eREX Co's Dividend Payout Ratio for the
months ended in Mar. 2026 was 1.08.
The historical rank and industry rank for eREX Co's Dividend Payout Ratio or its related term are showing as below:
TSE:9517'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.13 Med: 0.2 Max: 0.38
Current: 0.32
During the past 13 years, the highest Dividend Payout Ratio of eREX Co was 0.38. The lowest was 0.13. And the median was 0.20.
TSE:9517's Dividend Payout Ratio is ranked better than 67.98% of 178
companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.44
vs TSE:9517: 0.32
During the past 12 months, eREX Co's average Dividends Per Share Growth Rate was 100.00% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of eREX Co was 53.30% per year. The lowest was -20.60% per year. And the median was 18.05% 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.
eREX Co (TSE:9517) 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.
eREX Co Dividend Payout Ratio Related Terms
eREX Co Dividend Payout Ratio Historical Data
* Premium members only.
The historical data trend for eREX 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.
eREX Co Dividend Payout Ratio Competitor Comparison
For the Utilities - Renewable subindustry, eREX 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.
eREX Co Dividend Payout Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, eREX Co's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where eREX 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.
eREX 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.
eREX Co (TSE:9517) has a Dividend Payout Ratio of 1.08 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on eREX Co and its competitors. This is 440% above median its historical median of 0.20. Over the past decade, eREX Co's Dividend Payout Ratio has ranged from 0.13 to 0.38. According to the industry distribution chart, eREX Co ranks #57 out of 178 companies in the Utilities - Independent Power Producers industry, placing it in the top 32%.
Is eREX Co's Dividend Payout Ratio too high?
eREX Co's current Dividend Payout Ratio of 1.08 is 440% above median its 10-year median of 0.20. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 0.38. The Utilities - Independent Power Producers industry median Dividend Payout Ratio is 0.44. eREX Co's value of 1.08 is 145.5% above this industry median. Based on the distribution chart, eREX Co ranks #57 out of 178 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, eREX Co has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does eREX Co's Dividend Payout Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, eREX Co ranks #57 out of 178 companies for Dividend Payout Ratio. This puts eREX Co in the upper half of its industry. The industry median Dividend Payout Ratio is 0.44. eREX Co's value of 1.08 is 145.5% above this benchmark. Historically, eREX Co's own Dividend Payout Ratio has ranged from 0.13 to 0.38 over the past decade. While the company's 10-year median is 0.20 vs. the industry median of 0.44, eREX 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 an Utilities - Independent Power Producers company?
The median Dividend Payout Ratio among Utilities - Independent Power Producers companies is 0.44, based on 178 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. eREX Co's current Dividend Payout Ratio of 1.08 is 145.5% 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 eREX Co and its competitors. For the Utilities - Independent Power Producers 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. eREX Co's current Dividend Payout Ratio is 1.08, which is 440% above median its own 10-year median of 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is eREX Co stock overvalued right now?
Based on GuruFocus' analysis, eREX Co (TSE:9517) is currently considered Significantly Overvalued. The stock's GF Value™ is 円491.66, compared to a current price of 円792.00 — trading 61.1% above its estimated fair value. The current Dividend Payout Ratio is 1.08, which is 440% above median its 10-year median of 0.20 and 145.5% above the Utilities - Independent Power Producers industry median of 0.44. eREX Co's overall GF Score™ is 59/100 with 3 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 eREX Co (TSE:9517), the current Dividend Payout Ratio is 1.08 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 eREX Co (TSE:9517) Overvalued in 2026?
Based on GuruFocus' analysis, eREX Co stock appears to be overvalued.
The current stock price of 円792.00 is trading 61.1% above its estimated GF Value™ of 円491.66.
GuruFocus considers eREX Co to be Significantly Overvalued.
Key valuation signals for TSE:9517:
Dividend Payout Ratio: 1.08 (440% above median its 10-year median of 0.20)
GF Value™: 円491.66 vs. price of 円792.00 (61.1% above fair value)
Industry Position: 145.5% above the Utilities - Independent Power Producers median (#57 of 178)
No single metric tells the full story. See the TSE:9517 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
eREX Co Ltd is a holding company that engages in the electrical power business. Its services include retail sales of power, power market transactions, and power development. In its electric power retail business, it involves in the retail of electric power at an inexpensive price than electric utilities. In its power supplies development business, it involves the planning, design, and construction of power-generating equipment.
59GF Score
Get the complete analysis for TSE:9517
Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:9517 has been successfully added to your 
