TOPS (TOP Ships) Fleet Utilization %: 0.00% (As of Dec. 2022)


TOPS TOP Ships Inc TOPS
49 GF Score
Price $0.91
GF Value $4.23
Valuation Possible Value Trap
! 6 Warning Signs
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What is TOP Ships Fleet Utilization %?

TOP Ships TOPS +1.80% 49 Fleet Utilization % is 0.00% as of Dec. 2022. 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.

Fleet Utilization % is a comparison of demand to fleet capacity.

TOP Ships's Fleet Utilization % for the annual that ended in Dec. 2025 was 99.78% , which is lower than 99.97% for the pervious year ended in Dec. 2024.

The historical rank and industry rank for TOP Ships's Fleet Utilization % or its related term are showing as below:

TOPS's Fleet Utilization % is not ranked *
in the Oil & Gas industry.
Industry Median:
* Ranked among companies with meaningful Fleet Utilization % only.

TOP Ships  (AMEX:TOPS) Fleet Utilization % Explanation

Fleet Utilization % is a comparison of demand to fleet capacity. Capacity and demand changes daily, and hence the approach to manage it varies as well. Companies can improve fleet utilization by using dynamic routing/backhauling or optimizing maintenance of fleet vehicles.

TOP Ships Fleet Utilization % Related Terms

TOP Ships Fleet Utilization % Historical Data

* Premium members only.

The historical data trend for TOP Ships's Fleet Utilization % 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 Ships Fleet Utilization % Chart

TOP Ships Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Fleet Utilization %
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TOP Ships Semi-Annual Data
Trend Dec22
Fleet Utilization %
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TOPS vs RBNE, CWPE, MARPS: Fleet Utilization % Comparison

For the Oil & Gas Midstream subindustry, TOP Ships's Fleet Utilization %, along with its competitors' market caps and Fleet Utilization % 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.

TOPS
49GF Score
TOP Ships Inc TOPS
Fleet Utilization % is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions
What does a Fleet Utilization % of 0.00% mean?
TOP Ships (TOPS) has a Fleet Utilization % of 0.00% as of Dec. 2022. Fleet utilization is a comparison of demand to fleet capacity. View historical data on TOP Ships and its competitors.
Is TOP Ships' Fleet Utilization % too high?
TOP Ships' current Fleet Utilization % is 0.00%. 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' Fleet Utilization % compare to RBNE and CWPE?
TOP Ships' Fleet Utilization % of 0.00% can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Fleet Utilization % for an Oil & Gas company?
A good Fleet Utilization % depends on the Oil & Gas industry context. However, Fleet Utilization % 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 Fleet Utilization % mean?
A high Fleet Utilization % can signal that a stock is expensive relative to its fundamentals. Fleet utilization is a comparison of demand to fleet capacity. View historical data on TOP Ships and its competitors. TOP Ships's current Fleet Utilization % is 0.00%. 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 $0.91 — trading 78.6% below its estimated fair value. The current Fleet Utilization % is 0.00%. 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 Fleet Utilization % calculated?
Fleet Utilization % is calculated from a company's financial statements. For TOP Ships (TOPS), the current Fleet Utilization % is 0.00% as of Dec. 2022. 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 $0.91 is trading 78.6% below its estimated GF Value™ of $4.23. GuruFocus considers TOP Ships to be Possible Value Trap.

Key valuation signals for TOPS:

  • Fleet Utilization %: 0.00%
  • GF Value™: $4.23 vs. price of $0.91 (78.6% below fair value)
  • GF Score™: 49/100 with 6 warning signs

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 Business Description

Industry EnergyOil & Gas
Other Exchanges UER0:Germany
Address 20 Iouliou Kaisara Street, Paiania, Athens, GRC, 19002
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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Fleet Utilization % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.91
Price
$4.23
GF Value