Hokkaido Gas Co (TSE:9534) Dividend Payout Ratio: 0.19 (As of Mar. 2026) — Near Median

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TSE:9534 Hokkaido Gas Co Ltd TSE:9534
74 GF Score
Price 円776.00
GF Value 円568.93
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Hokkaido Gas Co Dividend Payout Ratio?

Hokkaido Gas Co TSE:9534 +0.26% 74 Dividend Payout Ratio is 0.19 as of Mar. 2026, which is 6% above its 10-year median of 0.18. GuruFocus rates TSE:9534 with a GF Score™ of 74/100 and a GF Value™ of 円568.93 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 375 Utilities - Regulated companies, Hokkaido Gas Co ranks better than 90.4% 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. Hokkaido Gas Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.19.

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

TSE:9534' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.18   Max: 0.51
Current: 0.18

During the past 13 years, the highest Dividend Payout Ratio of Hokkaido Gas Co was 0.51. The lowest was 0.12. And the median was 0.18.

TSE:9534's Dividend Payout Ratio is ranked better than
90.4% of 375 companies
in the Utilities - Regulated industry
Industry Median: 0.54 vs TSE:9534: 0.18

As of today (2026-07-17), the Dividend Yield % of Hokkaido Gas Co is 3.17%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Hokkaido Gas Co was 4.00%. The lowest was 1.58%. And the median was 3.02%.

Hokkaido Gas Co's Dividends per Share for the months ended in Mar. 2026 was 円13.00.

During the past 12 months, Hokkaido Gas Co's average Dividends Per Share Growth Rate was 28.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 20.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 19.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 12.70% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Hokkaido Gas Co was 26.80% per year. The lowest was -12.30% 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.

Hokkaido Gas Co (TSE:9534) 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.

Hokkaido Gas Co Dividend Payout Ratio Related Terms

Hokkaido Gas Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Hokkaido Gas 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.

Hokkaido Gas Co Dividend Payout Ratio Chart

Hokkaido Gas Co 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 0.18 0.13 0.12 0.16 0.18

Hokkaido Gas Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.13 0.00 1.69 0.00 0.19

TSE:9534 vs ATO, NI: Dividend Payout Ratio Comparison

For the Utilities - Regulated Gas subindustry, Hokkaido Gas 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.

Hokkaido Gas Co Dividend Payout Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hokkaido Gas Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Hokkaido Gas Co's Dividend Payout Ratio falls into.


TSE:9534
74GF Score
Hokkaido Gas Co Ltd TSE:9534
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hokkaido Gas Co 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.

Hokkaido Gas Co'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 )
=24.5/ 136.134
=0.18

Hokkaido Gas Co'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 )
=13/ 69.016
=0.19

* 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 0.19 mean?
Hokkaido Gas Co (TSE:9534) has a Dividend Payout Ratio of 0.19 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Hokkaido Gas Co and its competitors. This is near median its historical median of 0.18. Over the past decade, Hokkaido Gas Co's Dividend Payout Ratio has ranged from 0.12 to 0.51. According to the industry distribution chart, Hokkaido Gas Co ranks #36 out of 375 companies in the Utilities - Regulated industry, placing it in the top 9.6%.
Is Hokkaido Gas Co's Dividend Payout Ratio too high?
Hokkaido Gas Co's current Dividend Payout Ratio of 0.19 is near median its 10-year median of 0.18. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.51. The Utilities - Regulated industry median Dividend Payout Ratio is 0.54. Hokkaido Gas Co's value of 0.19 is 64.8% below this industry median. Based on the distribution chart, Hokkaido Gas Co ranks #36 out of 375 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Hokkaido Gas Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hokkaido Gas Co's Dividend Payout Ratio compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Hokkaido Gas Co ranks #36 out of 375 companies for Dividend Payout Ratio. This places Hokkaido Gas Co in the top 10% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.54. Hokkaido Gas Co's value of 0.19 is 64.8% below this benchmark. Historically, Hokkaido Gas Co's own Dividend Payout Ratio has ranged from 0.12 to 0.51 over the past decade. While the company's 10-year median is 0.18 vs. the industry median of 0.54, Hokkaido Gas Co has consistently been below 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 - Regulated company?
The median Dividend Payout Ratio among Utilities - Regulated companies is 0.54, based on 375 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. Hokkaido Gas Co's current Dividend Payout Ratio of 0.19 is 64.8% below 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 Hokkaido Gas Co and its competitors. For the Utilities - Regulated industry, the median Dividend Payout Ratio is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hokkaido Gas Co's current Dividend Payout Ratio is 0.19, which is near median its own 10-year median of 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hokkaido Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Hokkaido Gas Co (TSE:9534) is currently considered Significantly Overvalued. The stock's GF Value™ is 円568.93, compared to a current price of 円776.00 — trading 36.4% above its estimated fair value. The current Dividend Payout Ratio is 0.19, which is near median its 10-year median of 0.18 and 64.8% below the Utilities - Regulated industry median of 0.54. Hokkaido Gas Co's overall GF Score™ is 74/100 with 2 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 Hokkaido Gas Co (TSE:9534), the current Dividend Payout Ratio is 0.19 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 Hokkaido Gas Co (TSE:9534) Overvalued in 2026?

Based on GuruFocus' analysis, Hokkaido Gas Co stock appears to be overvalued. The current stock price of 円776.00 is trading 36.4% above its estimated GF Value™ of 円568.93. GuruFocus considers Hokkaido Gas Co to be Significantly Overvalued.

Key valuation signals for TSE:9534:

  • Dividend Payout Ratio: 0.19 (near median its 10-year median of 0.18)
  • GF Value™: 円568.93 vs. price of 円776.00 (36.4% above fair value)
  • GF Score™: 74/100 with 2 warning signs
  • Industry Position: 64.8% below the Utilities - Regulated median (#36 of 375)

No single metric tells the full story. See the TSE:9534 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hokkaido Gas Co Business Description

Address Kita 7-jo Higashi 2-chome 1-1, Sapporo City Higashi Ward, Sapporo, JPN
Hokkaido Gas Co Ltd is a Japan-based company operating in the utility sector. Its business activities included gas, heat supply, power supply, and sale of gas by-products. The company is also engaged in the production and sale of gas appliances and related construction work. Hokkaido serves to individual and corporate customers in areas throughout Japan including Sapporo, Otaru, Hakodate, Chitose, Ishikari, Kitahiroshima, Eniwa, Hokuto, and Kitami.
74GF Score

Get the complete analysis for TSE:9534

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

円776.00
Price
円568.93
GF Value