TOP ShipsTOPS 49 EPS without NRI is $0.67 as of Dec. 2025. GuruFocus rates TOPS with a GF Score™ of 49/100 and a GF Value™ of $4.23 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 732 Oil & Gas companies, TOP Ships ranks worse than 136611.89% on this metric.
TOP Ships's earnings per share without non-recurring items for the
six
months ended in Dec. 2025 was $-0.96.
Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Dec. 2025 was $0.67.
During the past 12 months, TOP Ships's average earnings per share (NRI) Growth Rate was -38.50% per year.
During the past 10 years, the average earnings per share (NRI) Growth Rate was 0.00% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.
The historical rank and industry rank for TOP Ships's EPS without NRI or its related term are showing as below:
During the past 13 years, TOP Ships's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 90.40% per year. The lowest was -69.30% per year. And the median was 71.35% per year.
TOPS's 3-Year EPS without NRI Growth Rate is not ranked *
in the Oil & Gas industry.
Industry Median: -2.2 * Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
TOP Ships's EPS (Diluted) for the
six
months ended in Dec. 2025 was $-0.96.
Its EPS (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $0.67.
TOP Ships's EPS (Basic) for the
six
months ended in Dec. 2025 was $-0.96.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2025 was $0.67.
TOP Ships (AMEX:TOPS) EPS without NRI Explanation
EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.
Be Aware
Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.
If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.
TOP Ships EPS without NRI Related Terms
TOP Ships EPS without NRI Historical Data
* Premium members only.
The historical data trend for TOP Ships's EPS without NRI 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.
TOPS vs RBNE, CWPE, MARPS: EPS without NRI Comparison
For the Oil & Gas Midstream subindustry, TOP Ships's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 PE Ratio without NRI vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, TOP Ships's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where TOP Ships's PE Ratio without NRI falls into.
Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.
Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.
EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.67
* 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 EPS without NRI of $0.67 as of Dec. 2025. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on TOP Ships and its competitors. According to the industry distribution chart, TOP Ships ranks #999999 out of 732 companies in the Oil & Gas industry.
Is TOP Ships' EPS without NRI too high?
TOP Ships' current EPS without NRI is $0.67. Based on the distribution chart, TOP Ships ranks #999999 out of 732 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. 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' EPS without NRI compare to RBNE and CWPE?
According to the Oil & Gas industry distribution chart, TOP Ships ranks #999999 out of 732 companies for EPS without NRI. This places TOP Ships in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for an Oil & Gas company?
A good EPS without NRI depends on the Oil & Gas industry context. However, EPS without NRI 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 EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on TOP Ships and its competitors. TOP Ships's current EPS without NRI is $0.67. 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 $4.23, compared to a current price of $0.78 — trading 81.7% below its estimated fair value. The current EPS without NRI is $0.67. 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 EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For TOP Ships (TOPS), the current EPS without NRI is $0.67 as of Dec. 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 Ships (TOPS) Overvalued in 2026?
Based on GuruFocus' analysis, TOP Ships stock appears to be undervalued.
The current stock price of $0.78 is trading 81.7% below its estimated GF Value™ of $4.23.
GuruFocus considers TOP Ships to be Possible Value Trap.
Key valuation signals for TOPS:
EPS without NRI: $0.67
GF Value™: $4.23 vs. price of $0.78 (81.7% below fair value)
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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EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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