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TOP Financial GroupTOP -3.54%63 Debt-to-Equity is 0.08 as of Mar. 2026, which is 700% above its 10-year median of 0.01. GuruFocus rates TOP with a GF Score™ of 63/100 and a GF Value™ of $1.53 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 610 Capital Markets companies, TOP Financial Group ranks better than 76.56% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for TOP Financial Group's Debt-to-Equity or its related term are showing as below:
TOP'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.08
Current: 0.08
During the past 7 years, the highest Debt-to-Equity Ratio of TOP Financial Group was 0.08. The lowest was 0.00. And the median was 0.01.
TOP's Debt-to-Equity is ranked better than 76.56% of 610
companies
in the Capital Markets industry
Industry Median: 0.305
vs TOP: 0.08
TOP Financial Group (NAS:TOP) Debt-to-Equity Explanation
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
TOP Financial Group Debt-to-Equity Related Terms
TOP Financial Group Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for TOP Financial Group's Debt-to-Equity 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.
TOP vs NCTY, AURE, SIEB: Debt-to-Equity Comparison
For the Capital Markets subindustry, TOP Financial Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Financial Group Debt-to-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, TOP Financial Group's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where TOP Financial Group's Debt-to-Equity falls into.
* 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 Financial Group (TOP) has a Debt-to-Equity of 0.08 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on TOP Financial Group and its competitors. This is 700% above median its historical median of 0.01. According to the industry distribution chart, TOP Financial Group ranks #143 out of 610 companies in the Capital Markets industry, placing it in the top 23.4%.
Is TOP Financial Group's Debt-to-Equity too high?
TOP Financial Group's current Debt-to-Equity of 0.08 is 700% above median its 10-year median of 0.01. The Capital Markets industry median Debt-to-Equity is 0.31. TOP Financial Group's value of 0.08 is 73.8% below this industry median. Based on the distribution chart, TOP Financial Group ranks #143 out of 610 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, TOP Financial Group has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOP Financial Group's Debt-to-Equity compare to NCTY and AURE?
According to the Capital Markets industry distribution chart, TOP Financial Group ranks #143 out of 610 companies for Debt-to-Equity. This places TOP Financial Group in the top 23% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.31. TOP Financial Group's value of 0.08 is 73.8% below this benchmark. While the company's 10-year median is 0.01 vs. the industry median of 0.31, TOP Financial Group 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 Debt-to-Equity for a Capital Markets company?
The median Debt-to-Equity among Capital Markets companies is 0.31, based on 610 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TOP Financial Group's current Debt-to-Equity of 0.08 is 73.8% 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on TOP Financial Group and its competitors. For the Capital Markets industry, the median Debt-to-Equity is 0.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOP Financial Group's current Debt-to-Equity is 0.08, which is 700% above median its own 10-year median of 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOP Financial Group stock overvalued right now?
Based on GuruFocus' analysis, TOP Financial Group (TOP) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.53, compared to a current price of $2.18 — trading 42.5% above its estimated fair value. The current Debt-to-Equity is 0.08, which is 700% above median its 10-year median of 0.01 and 73.8% below the Capital Markets industry median of 0.31. TOP Financial Group's overall GF Score™ is 63/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For TOP Financial Group (TOP), the current Debt-to-Equity is 0.08 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 TOP Financial Group (TOP) Overvalued in 2026?
Based on GuruFocus' analysis, TOP Financial Group stock appears to be overvalued.
The current stock price of $2.18 is trading 42.5% above its estimated GF Value™ of $1.53.
GuruFocus considers TOP Financial Group to be Significantly Overvalued.
Key valuation signals for TOP:
Debt-to-Equity: 0.08 (700% above median its 10-year median of 0.01)
GF Value™: $1.53 vs. price of $2.18 (42.5% above fair value)
Industry Position: 73.8% below the Capital Markets median (#143 of 610)
No single metric tells the full story. See the TOP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TOP Financial Group Ltd is an online brokerage firm in Hong Kong specializing in trading local and overseas equities, futures, and options products. The Company generates brokerage commission income by enabling its customers to trade on multiple exchanges present globally. The company operates in only one segment which is the futures brokerage service.
63GF Score
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