EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, TOP Financial Group's enterprise value is $73.93 Mil.
TOP Financial Group's EBITDA for the trailing twelve months (TTM) ended in Sep. 2025 was $-4.93 Mil. Therefore, TOP Financial Group's EV-to-EBITDA for today is -15.01.
The historical rank and industry rank for TOP Financial Group's EV-to-EBITDA or its related term are showing as below:
TOP'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -16.73 Med: 33.56 Max: 1036.98
Current: -15.01
During the past 6 years, the highest EV-to-EBITDA of TOP Financial Group was 1036.98. The lowest was -16.73. And the median was 33.56.
TOP's EV-to-EBITDA is ranked worse than 100% of 514
companies
in the Capital Markets industry
Industry Median: 10.18
vs TOP: -15.01
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
TOP Financial Group (NAS:TOP) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
TOP Financial Group's PE Ratio (TTM) for today is calculated as:
TOP Financial Group's share price for today is $1.88.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. TOP Financial Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2025 was $-0.140.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for TOP Financial Group's EV-to-EBITDA 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 Capital Markets subindustry, TOP Financial Group's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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-EBITDA vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, TOP Financial Group's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where TOP Financial Group's EV-to-EBITDA falls into.
TOP Financial Group's current Enterprise Value is $73.93 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. TOP Financial Group's EBITDA for the trailing twelve months (TTM) ended in Sep. 2025 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.
TOP Financial Group (TOP) has a EV-to-EBITDA of -15.01 as of Jul. 07, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on TOP Financial Group. According to the industry distribution chart, TOP Financial Group ranks #999999 out of 514 companies in the Capital Markets industry.
Is TOP Financial Group's EV-to-EBITDA too high?
TOP Financial Group's current EV-to-EBITDA is -15.01. Based on the distribution chart, TOP Financial Group ranks #999999 out of 514 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, TOP Financial Group has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOP Financial Group's EV-to-EBITDA compare to NCTY and AURE?
According to the Capital Markets industry distribution chart, TOP Financial Group ranks #999999 out of 514 companies for EV-to-EBITDA. This places TOP Financial Group in the lower half of its industry. The industry median EV-to-EBITDA is 10.18. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a Capital Markets company?
The median EV-to-EBITDA among Capital Markets companies is 10.18, based on 514 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on TOP Financial Group. For the Capital Markets industry, the median EV-to-EBITDA is 10.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOP Financial Group's current EV-to-EBITDA is -15.01. 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 $1.44, compared to a current price of $1.88 — trading 30.6% above its estimated fair value. The current EV-to-EBITDA is -15.01. TOP Financial Group's overall GF Score™ is 59/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For TOP Financial Group (TOP), the current EV-to-EBITDA is -15.01 as of Jul. 07, 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 $1.88 is trading 30.6% above its estimated GF Value™ of $1.44.
GuruFocus considers TOP Financial Group to be Significantly Overvalued.
Key valuation signals for TOP:
EV-to-EBITDA: -15.01
GF Value™: $1.44 vs. price of $1.88 (30.6% above fair value)
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.
59GF Score
Get the complete analysis for TOP
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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