TOP Financial GroupTOP +1.25%65 PB Ratio is 1.72 as of Jun. 29, 2026, which is 25% below its 10-year median of 2.28. GuruFocus rates TOP with a GF Score™ of 65/100 and a GF Value™ of $1.45 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 783 Capital Markets companies, TOP Financial Group ranks worse than 59% on this metric.
TOP Financial Group Ltd stock PB Ratio (=1.7) is close to 1-year high of 1.7.
The historical rank and industry rank for TOP Financial Group's PB Ratio or its related term are showing as below:
TOP'
s PB Ratio Range Over the Past 10 Years
Min: 0.8 Med: 2.28 Max: 147.77
Current: 1.72
During the past 6 years, TOP Financial Group's highest PB Ratio was 147.77. The lowest was 0.80. And the median was 2.28.
TOP's PB Ratio is ranked worse than 59% of 783
companies
in the Capital Markets industry
Industry Median: 1.3
vs TOP: 1.72
During the past 12 months, TOP Financial Group's average Book Value Per Share Growth Rate was -12.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 47.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 51.90% per year.
During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of TOP Financial Group was 78.40% per year. The lowest was 47.90% per year. And the median was 77.40% per year.
Back to Basics: PB Ratio
TOP Financial Group (NAS:TOP) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
TOP Financial Group PB Ratio Related Terms
TOP Financial Group PB Ratio Historical Data
* Premium members only.
The historical data trend for TOP Financial Group's PB Ratio 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.
For the Capital Markets subindustry, TOP Financial Group's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, TOP Financial Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where TOP Financial Group's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
TOP Financial Group (TOP) has a PB Ratio of 1.72 as of Jun. 29, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on TOP Financial Group and its competitors. This is 25% below median its historical median of 2.28. Over the past decade, TOP Financial Group's PB Ratio has ranged from 0.80 to 147.77. According to the industry distribution chart, TOP Financial Group ranks #462 out of 783 companies in the Capital Markets industry, placing it in the top 59%.
Is TOP Financial Group's PB Ratio too high?
TOP Financial Group's current PB Ratio of 1.72 is 25% below median its 10-year median of 2.28. Over the past 10 years, this metric has ranged from a low of 0.80 to a high of 147.77. The Capital Markets industry median PB Ratio is 1.30. TOP Financial Group's value of 1.72 is 32.3% above this industry median. Based on the distribution chart, TOP Financial Group ranks #462 out of 783 companies in the Capital Markets industry, which is below the industry midpoint. Overall, TOP Financial Group has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOP Financial Group's PB Ratio compare to NCTY and AURE?
According to the Capital Markets industry distribution chart, TOP Financial Group ranks #462 out of 783 companies for PB Ratio. This places TOP Financial Group in the lower half of its industry. The industry median PB Ratio is 1.30. TOP Financial Group's value of 1.72 is 32.3% above this benchmark. Historically, TOP Financial Group's own PB Ratio has ranged from 0.80 to 147.77 over the past decade. While the company's 10-year median is 2.28 vs. the industry median of 1.30, TOP Financial Group has consistently been above 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 PB Ratio for a Capital Markets company?
The median PB Ratio among Capital Markets companies is 1.30, based on 783 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TOP Financial Group's current PB Ratio of 1.72 is 32.3% above 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on TOP Financial Group and its competitors. For the Capital Markets industry, the median PB Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOP Financial Group's current PB Ratio is 1.72, which is 25% below median its own 10-year median of 2.28. 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 $1.45, compared to a current price of $1.62 — trading 11.7% above its estimated fair value. The current PB Ratio is 1.72, which is 25% below median its 10-year median of 2.28 and 32.3% above the Capital Markets industry median of 1.30. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For TOP Financial Group (TOP), the current PB Ratio is 1.72 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 $1.62 is trading 11.7% above its estimated GF Value™ of $1.45.
GuruFocus considers TOP Financial Group to be Modestly Overvalued.
Key valuation signals for TOP:
PB Ratio: 1.72 (25% below median its 10-year median of 2.28)
GF Value™: $1.45 vs. price of $1.62 (11.7% above fair value)
Industry Position: 32.3% above the Capital Markets median (#462 of 783)
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
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