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TOP ShipsTOPS -4.08%49 EV-to-EBIT is 10.48 as of Jul. 17, 2026, which is 2% below its 10-year median of 10.72. GuruFocus rates TOPS with a GF Score™ of 49/100 and a GF Value™ of $4.19 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 692 Oil & Gas companies, TOP Ships ranks better than 55.2% on this metric.
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
TOP Ships's Enterprise Value for the quarter that ended in Dec. 2025 was $217.11 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. TOP Ships's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was $19.12 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.
TOP Ships EV-to-EBIT Related Terms
TOP Ships EV-to-EBIT Historical Data
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The historical data trend for TOP Ships's EV-to-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.
For the Oil & Gas Midstream subindustry, TOP Ships'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 Ships EV-to-EBIT vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, TOP Ships's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where TOP Ships's EV-to-EBIT falls into.
TOP Ships's current Enterprise Value is $200.40 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. TOP Ships's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was $19.12 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.
TOP Ships (TOPS) has a EV-to-EBIT of 10.48 as of Jul. 17, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on TOP Ships and its competitors. This is near median its historical median of 10.72. According to the industry distribution chart, TOP Ships ranks #310 out of 692 companies in the Oil & Gas industry, placing it in the top 44.8%.
Is TOP Ships' EV-to-EBIT too high?
TOP Ships' current EV-to-EBIT of 10.48 is near median its 10-year median of 10.72. The Oil & Gas industry median EV-to-EBIT is 11.75. TOP Ships' value of 10.48 is 10.8% below this industry median. Based on the distribution chart, TOP Ships ranks #310 out of 692 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, TOP Ships has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TOP Ships' EV-to-EBIT compare to RBNE and CWPE?
According to the Oil & Gas industry distribution chart, TOP Ships ranks #310 out of 692 companies for EV-to-EBIT. This puts TOP Ships in the upper half of its industry. The industry median EV-to-EBIT is 11.75. TOP Ships' value of 10.48 is 10.8% below this benchmark. While the company's 10-year median is 10.72 vs. the industry median of 11.75, TOP Ships 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 EV-to-EBIT for an Oil & Gas company?
The median EV-to-EBIT among Oil & Gas companies is 11.75, based on 692 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TOP Ships's current EV-to-EBIT of 10.48 is 10.8% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on TOP Ships and its competitors. For the Oil & Gas industry, the median EV-to-EBIT is 11.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOP Ships's current EV-to-EBIT is 10.48, which is near median its own 10-year median of 10.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOP Ships stock overvalued right now?
Based on GuruFocus' analysis, TOP Ships (TOPS) is currently considered Possible Value Trap. The stock's GF Value™ is $4.19, compared to a current price of $0.75 — trading 82.1% below its estimated fair value. The current EV-to-EBIT is 10.48, which is near median its 10-year median of 10.72 and 10.8% below the Oil & Gas industry median of 11.75. TOP Ships' overall GF Score™ is 49/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For TOP Ships (TOPS), the current EV-to-EBIT is 10.48 as of Jul. 17, 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 Ships (TOPS) Overvalued in 2026?
Based on GuruFocus' analysis, TOP Ships stock appears to be undervalued.
The current stock price of $0.75 is trading 82.1% below its estimated GF Value™ of $4.19.
GuruFocus considers TOP Ships to be Possible Value Trap.
Key valuation signals for TOPS:
EV-to-EBIT: 10.48 (near median its 10-year median of 10.72)
GF Value™: $4.19 vs. price of $0.75 (82.1% below fair value)
Industry Position: 10.8% below the Oil & Gas median (#310 of 692)
No single metric tells the full story. See the TOPS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TOP Ships Inc owns tanker vessels throughout the world. The Company is an international owner and operator of modern, fuel-efficient eco-tanker vessels, focusing on the transportation of crude oil, petroleum products (both clean and dirty), and bulk liquid chemicals. It generates revenue from the Time Charter agreements. The company operates in two reportable segments: (i) the tanker segment and (ii) the megayacht segment.
49GF Score
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