TOP ShipsTOPS +0.67%49 PE Ratio (TTM) is 1.34 as of Jun. 24, 2026, which is 73% below its 10-year median of 4.90. GuruFocus rates TOPS with a GF Score™ of 49/100 and a GF Value™ of $4.24 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 618 Oil & Gas companies, TOP Ships ranks better than 97.73% on this metric.
The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2026-06-24), TOP Ships's share price is
$0.897.
TOP Ships's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $0.67. Therefore, TOP Ships's PE Ratio (TTM) for today is 1.34.
Good Sign:
TOP Ships Inc stock PE Ratio (=1.33) is close to 3-year low of 1.33.
The historical rank and industry rank for TOP Ships's PE Ratio (TTM) or its related term are showing as below:
TOPS'
s PE Ratio (TTM) Range Over the Past 10 Years
Min: 0.43 Med: 4.9 Max: 8.34
Current: 1.34
During the past 13 years, the highest PE Ratio (TTM) of TOP Ships was 8.34. The lowest was 0.43. And the median was 4.90.
TOPS's PE Ratio (TTM) is ranked better than 97.73% of 618
companies
in the Oil & Gas industry
Industry Median: 14.51
vs TOPS: 1.34
As of today (2026-06-24), TOP Ships's share price is $0.897.
TOP Ships's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 was $0.67. Therefore, TOP Ships's PE Ratio without NRI for today is 1.34.
During the past 13 years, TOP Ships's highestPE Ratio without NRI was 8.03. The lowest was 0.37. And the median was 4.64.
TOP Ships's EPS without NRI for the
six
months ended in Dec. 2025 was $-0.96.
Its EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 was $0.67.
During the past 13 years, TOP Ships's highest 3-Year average EPS without NRI Growth Rate was 90.40% per year. The lowest was -69.30% per year. And the median was 71.35% per year.
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) PE Ratio (TTM) Explanation
The PE Ratio (TTM) can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio (TTM) is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.
In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio (TTM) is positive. Also for stocks with the same PE Ratio (TTM), the one with faster growth business is more attractive.
If a company loses money, the PE Ratio (TTM) becomes meaningless.
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio (TTM) divided by the growth ratio. He thinks a company with a PE Ratio (TTM) equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio (TTM) of 20, instead of a company growing 10% a year with a PE Ratio (TTM) of 10.
Because the PE Ratio (TTM) measures how long it takes to earn back the price you pay, the PE Ratio (TTM) can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.
Investors need to be aware that the PE Ratio (TTM) can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio (TTM)s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio (TTM) is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .
PE Ratio (TTM) can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio (TTM).
TOP Ships PE Ratio (TTM) Related Terms
TOP Ships PE Ratio (TTM) Historical Data
* Premium members only.
The historical data trend for TOP Ships's PE Ratio (TTM) 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: PE Ratio (TTM) Comparison
For the Oil & Gas Midstream subindustry, TOP Ships's PE Ratio (TTM), along with its competitors' market caps and PE Ratio (TTM) 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 (TTM) vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, TOP Ships's PE Ratio (TTM) distribution charts can be found below:
* The bar in red indicates where TOP Ships's PE Ratio (TTM) falls into.
The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.
TOP Ships's PE Ratio (TTM) for today is calculated as
TOP Ships's Share Price of today is $0.897.
For company reported semi-annually, TOP Ships's Earnings per Share (Diluted) 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.
It can also be calculated from the numbers for the whole company:
There are at least three kinds of PE Ratio (TTM)s used by different investors. They are Trailing Twelve Month PE Ratio (TTM) or PE Ratio (TTM) (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio (TTM) based on inflation-adjusted normalized PE Ratio (TTM) is called Shiller PE Ratio, after Yale professor Robert Shiller.
In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.
TOP Ships (TOPS) has a PE Ratio (TTM) of 1.34 as of Jun. 24, 2026. Trailing 12-month P/E ratio is the ratio of share price to a company's trailing 12-month earnings per share. View historical data on TOP Ships and its competitors. This is 73% below median its historical median of 4.90. Over the past decade, TOP Ships' PE Ratio (TTM) has ranged from 0.43 to 8.34. According to the industry distribution chart, TOP Ships ranks #14 out of 618 companies in the Oil & Gas industry, placing it in the top 2.3%.
Is TOP Ships' PE Ratio (TTM) too high?
TOP Ships' current PE Ratio (TTM) of 1.34 is 73% below median its 10-year median of 4.90. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 8.34. The Oil & Gas industry median PE Ratio (TTM) is 14.51. TOP Ships' value of 1.34 is 90.8% below this industry median. Based on the distribution chart, TOP Ships ranks #14 out of 618 companies in the Oil & Gas industry, which is in the top quartile — a strong position 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' PE Ratio (TTM) compare to RBNE and CWPE?
According to the Oil & Gas industry distribution chart, TOP Ships ranks #14 out of 618 companies for PE Ratio (TTM). This places TOP Ships in the top 2% of its industry — outperforming the majority of peers. The industry median PE Ratio (TTM) is 14.51. TOP Ships' value of 1.34 is 90.8% below this benchmark. Historically, TOP Ships' own PE Ratio (TTM) has ranged from 0.43 to 8.34 over the past decade. While the company's 10-year median is 4.90 vs. the industry median of 14.51, 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 PE Ratio (TTM) for an Oil & Gas company?
The median PE Ratio (TTM) among Oil & Gas companies is 14.51, based on 618 companies in the industry. Companies in the top quartile (top 25%) have a PE Ratio (TTM) significantly above this median, while those in the bottom quartile fall well below. However, PE Ratio (TTM) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TOP Ships's current PE Ratio (TTM) of 1.34 is 90.8% 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 PE Ratio (TTM) mean?
A high PE Ratio (TTM) can signal that a stock is expensive relative to its fundamentals. Trailing 12-month P/E ratio is the ratio of share price to a company's trailing 12-month earnings per share. View historical data on TOP Ships and its competitors. For the Oil & Gas industry, the median PE Ratio (TTM) is 14.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOP Ships's current PE Ratio (TTM) is 1.34, which is 73% below median its own 10-year median of 4.90. 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 $4.24, compared to a current price of $0.90 — trading 78.8% below its estimated fair value. The current PE Ratio (TTM) is 1.34, which is 73% below median its 10-year median of 4.90 and 90.8% below the Oil & Gas industry median of 14.51. 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 PE Ratio (TTM) calculated?
PE Ratio (TTM) is calculated from a company's financial statements. For TOP Ships (TOPS), the current PE Ratio (TTM) is 1.34 as of Jun. 24, 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 Ships (TOPS) Overvalued in 2026?
Based on GuruFocus' analysis, TOP Ships stock appears to be undervalued.
The current stock price of $0.90 is trading 78.8% below its estimated GF Value™ of $4.24.
GuruFocus considers TOP Ships to be Possible Value Trap.
Key valuation signals for TOPS:
PE Ratio (TTM): 1.34 (73% below median its 10-year median of 4.90)
GF Value™: $4.24 vs. price of $0.90 (78.8% below fair value)
Industry Position: 90.8% below the Oil & Gas median (#14 of 618)
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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