Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, TOP Financial Group's Enterprise Value is $60.27 Mil.
TOP Financial Group's EBIT for the trailing twelve months (TTM) ended in Sep. 2025 was $-4.93 Mil. Therefore, TOP Financial Group's EV-to-EBIT ratio for today is -12.24.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, TOP Financial Group's Enterprise Value is $60.27 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 ratio for today is -12.24.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, TOP Financial Group's Enterprise Value is $60.27 Mil.
TOP Financial Group's Revenue for the trailing twelve months (TTM) ended in Sep. 2025 was $4.36 Mil. Therefore, TOP Financial Group's EV-to-Revenue ratio for today is 13.84.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
TOP Financial Group (NAS:TOP) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
TOP Financial Group's current Enterprise Value is $60.27 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. TOP Financial Group's EBIT for the trailing twelve months (TTM) ended in Sep. 2025 was $-4.93 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
TOP Financial Group's current Enterprise Value is $60.27 Mil.
For company reported semi-annually or 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.
TOP Financial Group's current Enterprise Value is $60.27 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. TOP Financial Group's Revenue for the trailing twelve months (TTM) ended in Sep. 2025 was $4.36 Mil.
TOP Financial Group's current Enterprise Value is $60.27 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. TOP Financial Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2025 was $0.98 Mil.
TOP Financial Group's current Enterprise Value is $60.27 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. TOP Financial Group's Free Cash Flow for the trailing twelve months (TTM) ended in Sep. 2025 was $0.98 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 Enterprise Value Related Terms
TOP Financial Group Enterprise Value Historical Data
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The historical data trend for TOP Financial Group's Enterprise Value 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: Enterprise Value Comparison
For the Capital Markets subindustry, TOP Financial Group's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, TOP Financial Group's Enterprise Value distribution charts can be found below:
* The bar in red indicates where TOP Financial Group's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
TOP Financial Group's Enterprise Value for the fiscal year that ended in Mar. 2025 is calculated as
* 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 Enterprise Value of $60.27 Mil as of Jun. 29, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on TOP Financial Group and its competitors.
Is TOP Financial Group's Enterprise Value too high?
TOP Financial Group's current Enterprise Value is $60.27 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 Enterprise Value compare to NCTY and AURE?
TOP Financial Group's Enterprise Value of $60.27 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 Enterprise Value for a Capital Markets company?
A good Enterprise Value depends on the Capital Markets industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on TOP Financial Group and its competitors. TOP Financial Group's current Enterprise Value is $60.27 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 Enterprise Value is $60.27 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 Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For TOP Financial Group (TOP), the current Enterprise Value is $60.27 Mil as of Jun. 29, 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 $1.59 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:
Enterprise Value: $60.27 Mil
GF Value™: $1.45 vs. price of $1.59 (9.7% 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.
65GF Score
Get the complete analysis for TOP
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