TOP (TOP Financial Group) EBIT: $-4.93 Mil (TTM As of Sep. 2025)


TOP TOP Financial Group Ltd TOP
65 GF Score
Price $1.59
GF Value $1.45
Valuation Fairly Valued
! 9 Warning Signs
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What is TOP Financial Group EBIT?

TOP Financial Group TOP -0.62% 65 EBIT is $-4.93 Mil as of Sep. 2025. GuruFocus rates TOP with a GF Score™ of 65/100 and a GF Value™ of $1.45 (Fairly Valued). The stock has 9 warning signs investors should review.

TOP Financial Group's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2025 was $0.19 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2025 was $-4.93 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TOP Financial Group's annualized ROC % for the quarter that ended in Sep. 2025 was 1.76%. TOP Financial Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 11.95%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. TOP Financial Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was -8.17%.

TOP Financial Group  (NAS:TOP) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

TOP Financial Group's annualized ROC % for the quarter that ended in Sep. 2025 is calculated as:

ROC % (Q: Sep. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2025 ) + Invested Capital (Q: Sep. 2025 ))/ count )
=0.382 * ( 1 - 0% )/( (22.929 + 20.391)/ 2 )
=0.382/21.66
=1.76 %

where

Invested Capital(Q: Mar. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=46.8 - 11.644 - ( 12.227 - max(0, 11.644 - 40.002+12.227))
=22.929

Invested Capital(Q: Sep. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=64.068 - 28.892 - ( 14.785 - max(0, 28.892 - 56.265+14.785))
=20.391

Note: The Operating Income data used here is two times the semi-annual (Sep. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

TOP Financial Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2025  Q: Sep. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0.382/( ( (0.289 + max(4.173, 0)) + (0.217 + max(1.714, 0)) )/ 2 )
=0.382/( ( 4.462 + 1.931 )/ 2 )
=0.382/3.1965
=11.95 %

where Working Capital is:

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12.869 + 0 + 2.948) - (11.644 + 0 + 0)
=4.173

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(21.819 + 0 + 8.787) - (28.892 + 0 + 0)
=1.714

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

TOP Financial Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2025 )
=-4.925/60.274
=-8.17 %

* 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 EBIT Related Terms

TOP Financial Group EBIT Historical Data

* Premium members only.

The historical data trend for TOP Financial Group's EBIT 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 Financial Group EBIT Chart

TOP Financial Group Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
EBIT
Get a 7-Day Free Trial 5.12 3.58 3.43 0.99 -5.57

TOP Financial Group Semi-Annual Data
Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.59 -2.60 -0.45 -5.12 0.19

TOP vs NCTY, AURE, SIEB: EBIT Comparison

For the Capital Markets subindustry, TOP Financial Group's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, TOP Financial Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where TOP Financial Group's EV-to-EBIT falls into.


TOP
65GF Score
TOP Financial Group Ltd TOP
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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TOP Financial Group EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-4.93 Mil.

* 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 EBIT →
What does a EBIT of $-4.93 Mil mean?
TOP Financial Group (TOP) has a EBIT of $-4.93 Mil as of Sep. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on TOP Financial Group.
Is TOP Financial Group's EBIT too high?
TOP Financial Group's current EBIT is $-4.93 Mil. Overall, TOP Financial Group has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TOP Financial Group's EBIT compare to NCTY and AURE?
TOP Financial Group's EBIT of $-4.93 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Capital Markets company?
A good EBIT depends on the Capital Markets industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on TOP Financial Group. TOP Financial Group's current EBIT is $-4.93 Mil. 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 Fairly Valued. The stock's GF Value™ is $1.45, compared to a current price of $1.59 — trading 9.7% above its estimated fair value. The current EBIT is $-4.93 Mil. TOP Financial Group's overall GF Score™ is 65/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For TOP Financial Group (TOP), the current EBIT is $-4.93 Mil as of Sep. 2025. 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 $1.59 is trading 9.7% above its estimated GF Value™ of $1.45. GuruFocus considers TOP Financial Group to be Fairly Valued.

Key valuation signals for TOP:

  • EBIT: $-4.93 Mil
  • GF Value™: $1.45 vs. price of $1.59 (9.7% above fair value)
  • GF Score™: 65/100 with 9 warning signs

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 Business Description

Address 101 Cecil Street, No. 13-05, Tong Eng Building, Singapore, SGP, 069533
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.
65GF Score

Get the complete analysis for TOP

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

$1.59
Price
$1.45
GF Value