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TOP Financial GroupTOP +1.63%67 Equity-to-Asset is 0.39 as of Mar. 2026, which is 44% below its 10-year median of 0.70. GuruFocus rates TOP with a GF Score™ of 67/100 and a GF Value™ of $1.54 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 817 Capital Markets companies, TOP Financial Group ranks worse than 60.34% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. TOP Financial Group's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $33.94 Mil. TOP Financial Group's Total Assets for the quarter that ended in Mar. 2026 was $86.06 Mil.
Therefore, TOP Financial Group's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.39.
The historical rank and industry rank for TOP Financial Group's Equity-to-Asset or its related term are showing as below:
TOP'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.39 Med: 0.7 Max: 0.89
Current: 0.39
During the past 7 years, the highest Equity to Asset Ratio of TOP Financial Group was 0.89. The lowest was 0.39. And the median was 0.70.
TOP's Equity-to-Asset is ranked worse than 60.34% of 817
companies
in the Capital Markets industry
Industry Median: 0.5
vs TOP: 0.39
TOP Financial Group (NAS:TOP) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
TOP Financial Group Equity-to-Asset Related Terms
TOP Financial Group Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for TOP Financial Group's Equity-to-Asset 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: Equity-to-Asset Comparison
For the Capital Markets subindustry, TOP Financial Group's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, TOP Financial Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where TOP Financial Group's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
TOP Financial Group's Equity to Asset Ratio for the fiscal year that ended in Mar. 2026 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 Equity-to-Asset of 0.39 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on TOP Financial Group and its competitors. This is 44% below median its historical median of 0.70. Over the past decade, TOP Financial Group's Equity-to-Asset has ranged from 0.39 to 0.89. According to the industry distribution chart, TOP Financial Group ranks #493 out of 817 companies in the Capital Markets industry, placing it in the top 60.3%.
Is TOP Financial Group's Equity-to-Asset too high?
TOP Financial Group's current Equity-to-Asset of 0.39 is 44% below median its 10-year median of 0.70. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 0.89. The Capital Markets industry median Equity-to-Asset is 0.50. TOP Financial Group's value of 0.39 is 22% below this industry median. Based on the distribution chart, TOP Financial Group ranks #493 out of 817 companies in the Capital Markets industry, which is below the industry midpoint. Overall, TOP Financial Group has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOP Financial Group's Equity-to-Asset compare to NCTY and AURE?
According to the Capital Markets industry distribution chart, TOP Financial Group ranks #493 out of 817 companies for Equity-to-Asset. This places TOP Financial Group in the lower half of its industry. The industry median Equity-to-Asset is 0.50. TOP Financial Group's value of 0.39 is 22% below this benchmark. Historically, TOP Financial Group's own Equity-to-Asset has ranged from 0.39 to 0.89 over the past decade. While the company's 10-year median is 0.70 vs. the industry median of 0.50, TOP Financial Group 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 Equity-to-Asset for a Capital Markets company?
The median Equity-to-Asset among Capital Markets companies is 0.50, based on 817 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TOP Financial Group's current Equity-to-Asset of 0.39 is 22% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on TOP Financial Group and its competitors. For the Capital Markets industry, the median Equity-to-Asset is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOP Financial Group's current Equity-to-Asset is 0.39, which is 44% below median its own 10-year median of 0.70. 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 Modestly Overvalued. The stock's GF Value™ is $1.54, compared to a current price of $1.87 — trading 21.4% above its estimated fair value. The current Equity-to-Asset is 0.39, which is 44% below median its 10-year median of 0.70 and 22% below the Capital Markets industry median of 0.50. TOP Financial Group's overall GF Score™ is 67/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For TOP Financial Group (TOP), the current Equity-to-Asset is 0.39 as of Mar. 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 $1.87 is trading 21.4% above its estimated GF Value™ of $1.54.
GuruFocus considers TOP Financial Group to be Modestly Overvalued.
Key valuation signals for TOP:
Equity-to-Asset: 0.39 (44% below median its 10-year median of 0.70)
GF Value™: $1.54 vs. price of $1.87 (21.4% above fair value)
Industry Position: 22% below the Capital Markets median (#493 of 817)
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.
67GF Score
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Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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