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TOP ShipsTOPS -5.28%49 Equity-to-Asset is 0.27 as of Dec. 2025, which is 27% below its 10-year median of 0.37. GuruFocus rates TOPS with a GF Score™ of 49/100 and a GF Value™ of $4.16 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,027 Oil & Gas companies, TOP Ships ranks worse than 75.27% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. TOP Ships's Total Stockholders Equity for the quarter that ended in Dec. 2025 was $89.19 Mil. TOP Ships's Total Assets for the quarter that ended in Dec. 2025 was $333.61 Mil.
Therefore, TOP Ships's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.27.
The historical rank and industry rank for TOP Ships's Equity-to-Asset or its related term are showing as below:
TOPS'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.24 Med: 0.37 Max: 0.48
Current: 0.27
During the past 13 years, the highest Equity to Asset Ratio of TOP Ships was 0.48. The lowest was 0.24. And the median was 0.37.
TOPS's Equity-to-Asset is ranked worse than 75.27% of 1027
companies
in the Oil & Gas industry
Industry Median: 0.49
vs TOPS: 0.27
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 Ships Equity-to-Asset Related Terms
TOP Ships Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for TOP Ships'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.
TOPS vs RBNE, CWPE, MARPS: Equity-to-Asset Comparison
For the Oil & Gas Midstream subindustry, TOP Ships'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 Ships Equity-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, TOP Ships's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where TOP Ships'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 Ships's Equity to Asset Ratio for the fiscal year that ended in Dec. 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 Ships (TOPS) has a Equity-to-Asset of 0.27 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on TOP Ships and its competitors. This is 27% below median its historical median of 0.37. Over the past decade, TOP Ships' Equity-to-Asset has ranged from 0.24 to 0.48. According to the industry distribution chart, TOP Ships ranks #773 out of 1027 companies in the Oil & Gas industry, placing it in the top 75.3%.
Is TOP Ships' Equity-to-Asset too high?
TOP Ships' current Equity-to-Asset of 0.27 is 27% below median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 0.48. The Oil & Gas industry median Equity-to-Asset is 0.49. TOP Ships' value of 0.27 is 44.9% below this industry median. Based on the distribution chart, TOP Ships ranks #773 out of 1027 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' Equity-to-Asset compare to RBNE and CWPE?
According to the Oil & Gas industry distribution chart, TOP Ships ranks #773 out of 1027 companies for Equity-to-Asset. This places TOP Ships in the lower half of its industry. The industry median Equity-to-Asset is 0.49. TOP Ships' value of 0.27 is 44.9% below this benchmark. Historically, TOP Ships' own Equity-to-Asset has ranged from 0.24 to 0.48 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 0.49, 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 Equity-to-Asset for an Oil & Gas company?
The median Equity-to-Asset among Oil & Gas companies is 0.49, based on 1,027 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 Ships's current Equity-to-Asset of 0.27 is 44.9% 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 Ships and its competitors. For the Oil & Gas industry, the median Equity-to-Asset is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOP Ships's current Equity-to-Asset is 0.27, which is 27% below median its own 10-year median of 0.37. 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 $4.16, compared to a current price of $0.63 — trading 84.9% below its estimated fair value. The current Equity-to-Asset is 0.27, which is 27% below median its 10-year median of 0.37 and 44.9% below the Oil & Gas industry median of 0.49. 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 Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For TOP Ships (TOPS), the current Equity-to-Asset is 0.27 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 $0.63 is trading 84.9% below its estimated GF Value™ of $4.16.
GuruFocus considers TOP Ships to be Possible Value Trap.
Key valuation signals for TOPS:
Equity-to-Asset: 0.27 (27% below median its 10-year median of 0.37)
GF Value™: $4.16 vs. price of $0.63 (84.9% below fair value)
Industry Position: 44.9% below the Oil & Gas median (#773 of 1027)
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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