Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Top Line Business Development's shares outstanding for the quarter that ended in Mar. 2026 was 10,742 Mil.
Top Line Business Development's quarterly shares outstanding
stayed the same
from Dec. 2025 (10,742 Mil) to Mar. 2026 (10,742 Mil).
Top Line Business Development's annual shares outstanding
stayed the same
from Dec. 2024 (10,742 Mil) to Dec. 2025 (10,742 Mil).
Top Line Business Development (PHS:TOP) Shares Outstanding (EOP) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Top Line Business Development Shares Outstanding (EOP) Related Terms
Top Line Business Development Shares Outstanding (EOP) Historical Data
* 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.
Top Line Business Development Shares Outstanding (EOP) Chart
PHS:TOP vs CASY, WSM, ULTA: Shares Outstanding (EOP) Comparison
For the Specialty Retail subindustry, Top Line Business Development's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) 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.
Top Line Business Development Shares Outstanding (EOP) vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Top Line Business Development's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Top Line Business Development's Shares Outstanding (EOP) falls into.
Top Line Business Development Shares Outstanding (EOP) Calculation
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 10,742 Mil mean?
Top Line Business Development (PHS:TOP) has a Shares Outstanding (EOP) of 10,742 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on Top Line Business Development and its competitors.
Is Top Line Business Development's Shares Outstanding (EOP) too high?
Top Line Business Development's current Shares Outstanding (EOP) is 10,742 Mil. Overall, Top Line Business Development has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Top Line Business Development's Shares Outstanding (EOP) compare to CASY and WSM?
Top Line Business Development's Shares Outstanding (EOP) of 10,742 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for a Retail - Cyclical company?
A good Shares Outstanding (EOP) depends on the Retail - Cyclical industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Top Line Business Development and its competitors. Top Line Business Development's current Shares Outstanding (EOP) is 10,742 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Line Business Development stock overvalued right now?
Top Line Business Development (PHS:TOP) has a current Shares Outstanding (EOP) of 10,742 Mil. The current Shares Outstanding (EOP) is 10,742 Mil. Top Line Business Development's overall GF Score™ is 5/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Top Line Business Development (PHS:TOP), the current Shares Outstanding (EOP) is 10,742 Mil 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.
Top Line Business Development Business Description
Top Line Business Development Corp is providing consistent and reliable fuel solutions that power industries with efficiency and sustainability. It is mainly focused on its vertically integrated liquid fuels business, with an emphasis on the underserved Central Visayas region. The company is engaged in the business of petroleum and petroleum products, mineral oils, and other sources of energy.
5GF Score
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