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Hokuriku Gas CoTSE:9537 -1.15%67 Dividend Payout Ratio is 0.19 as of Mar. 2026, which is 42% below its 10-year median of 0.33. GuruFocus rates TSE:9537 with a GF Score™ of 67/100 and a GF Value™ of 円3,701.52 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 375 Utilities - Regulated companies, Hokuriku Gas Co ranks better than 93.33% 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. Hokuriku Gas Co's Dividend Payout Ratio for the
months ended in Mar. 2026 was 0.19.
The historical rank and industry rank for Hokuriku Gas Co's Dividend Payout Ratio or its related term are showing as below:
TSE:9537'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.12 Med: 0.33 Max: 0.91
Current: 0.12
During the past 13 years, the highest Dividend Payout Ratio of Hokuriku Gas Co was 0.91. The lowest was 0.12. And the median was 0.33.
TSE:9537's Dividend Payout Ratio is ranked better than 93.33% of 375
companies
in the Utilities - Regulated industry
Industry Median: 0.54
vs TSE:9537: 0.12
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Hokuriku Gas Co was 4.60% per year. The lowest was 0.00% per year. And the median was 0.00% 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.
Hokuriku Gas Co (TSE:9537) 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.
Hokuriku Gas Co Dividend Payout Ratio Related Terms
Hokuriku Gas Co Dividend Payout Ratio Historical Data
* Premium members only.
The historical data trend for Hokuriku 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.
TSE:9537 vs ATO, NI, UGI: Dividend Payout Ratio Comparison
For the Utilities - Regulated Gas subindustry, Hokuriku 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.
Hokuriku Gas Co Dividend Payout Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Hokuriku Gas Co's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Hokuriku Gas 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.
Hokuriku Gas 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.
Hokuriku Gas Co (TSE:9537) 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 Hokuriku Gas Co and its competitors. This is 42% below median its historical median of 0.33. Over the past decade, Hokuriku Gas Co's Dividend Payout Ratio has ranged from 0.12 to 0.91. According to the industry distribution chart, Hokuriku Gas Co ranks #25 out of 375 companies in the Utilities - Regulated industry, placing it in the top 6.7%.
Is Hokuriku Gas Co's Dividend Payout Ratio too high?
Hokuriku Gas Co's current Dividend Payout Ratio of 0.19 is 42% below median its 10-year median of 0.33. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.91. The Utilities - Regulated industry median Dividend Payout Ratio is 0.54. Hokuriku Gas Co's value of 0.19 is 64.8% below this industry median. Based on the distribution chart, Hokuriku Gas Co ranks #25 out of 375 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Hokuriku Gas Co has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hokuriku Gas Co's Dividend Payout Ratio compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Hokuriku Gas Co ranks #25 out of 375 companies for Dividend Payout Ratio. This places Hokuriku Gas Co in the top 7% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.54. Hokuriku Gas Co's value of 0.19 is 64.8% below this benchmark. Historically, Hokuriku Gas Co's own Dividend Payout Ratio has ranged from 0.12 to 0.91 over the past decade. While the company's 10-year median is 0.33 vs. the industry median of 0.54, Hokuriku 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. Hokuriku 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 Hokuriku 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. Hokuriku Gas Co's current Dividend Payout Ratio is 0.19, which is 42% below median its own 10-year median of 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hokuriku Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Hokuriku Gas Co (TSE:9537) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,701.52, compared to a current price of 円4,280.00 — trading 15.6% above its estimated fair value. The current Dividend Payout Ratio is 0.19, which is 42% below median its 10-year median of 0.33 and 64.8% below the Utilities - Regulated industry median of 0.54. Hokuriku Gas Co's overall GF Score™ is 67/100 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 Hokuriku Gas Co (TSE:9537), 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 Hokuriku Gas Co (TSE:9537) Overvalued in 2026?
Based on GuruFocus' analysis, Hokuriku Gas Co stock appears to be overvalued.
The current stock price of 円4,280.00 is trading 15.6% above its estimated GF Value™ of 円3,701.52.
GuruFocus considers Hokuriku Gas Co to be Modestly Overvalued.
Key valuation signals for TSE:9537:
Dividend Payout Ratio: 0.19 (42% below median its 10-year median of 0.33)
GF Value™: 円3,701.52 vs. price of 円4,280.00 (15.6% above fair value)
Industry Position: 64.8% below the Utilities - Regulated median (#25 of 375)
No single metric tells the full story. See the TSE:9537 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hokuriku Gas Co Ltd engages in the manufacture, supply, and sale of city gas and gas-related equipment. It is involved in the manufacture, supply, and sale of city gas, as well as the operation of gas works and the sale of gas equipment. The firm also engages in the sale of liquefied petroleum gas (LPG) and LPG equipment, the operation of LPG piping works, gas works and civil engineering works, the design, installation, maintenance, security and inspection of gas equipment, the sale, installation and meter reading of housing facilities and equipment, the leasing and management of buildings, the leasing of business equipment and vehicles, It also undertakes gas construction contracts; and sells gas appliances.
67GF Score
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