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TOP Financial GroupTOP +3.66%50 Price-to-Tangible-Book is 3.38 as of Aug. 28, 2026. GuruFocus rates TOP with a GF Score™ of 50/100 and a GF Value™ of $7.54 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 739 Capital Markets companies, TOP Financial Group ranks worse than 75.51% on this metric.
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
TOP Financial Group Price-to-Tangible-Book Related Terms
TOP Financial Group Price-to-Tangible-Book Historical Data
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The historical data trend for TOP Financial Group's Price-to-Tangible-Book 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 SBET, PURR, OPY: Price-to-Tangible-Book Comparison
For the Capital Markets subindustry, TOP Financial Group's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, TOP Financial Group's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where TOP Financial Group's Price-to-Tangible-Book falls into.
* 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 PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
TOP Financial Group (TOP) has a Price-to-Tangible-Book of 3.38 as of Aug. 28, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on TOP Financial Group and its competitors. According to the industry distribution chart, TOP Financial Group ranks #558 out of 739 companies in the Capital Markets industry, placing it in the top 75.5%.
Is TOP Financial Group's Price-to-Tangible-Book too high?
TOP Financial Group's current Price-to-Tangible-Book is 3.38. The Capital Markets industry median Price-to-Tangible-Book is 1.36. TOP Financial Group's value of 3.38 is 148.5% above this industry median. Based on the distribution chart, TOP Financial Group ranks #558 out of 739 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, TOP Financial Group has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOP Financial Group's Price-to-Tangible-Book compare to SBET and PURR?
According to the Capital Markets industry distribution chart, TOP Financial Group ranks #558 out of 739 companies for Price-to-Tangible-Book. This places TOP Financial Group in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.36. TOP Financial Group's value of 3.38 is 148.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Capital Markets company?
The median Price-to-Tangible-Book among Capital Markets companies is 1.36, based on 739 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TOP Financial Group's current Price-to-Tangible-Book of 3.38 is 148.5% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on TOP Financial Group and its competitors. For the Capital Markets industry, the median Price-to-Tangible-Book is 1.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOP Financial Group's current Price-to-Tangible-Book is 3.38. 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 Significantly Overvalued. The stock's GF Value™ is $7.54, compared to a current price of $15.42 — trading 104.5% above its estimated fair value. The current Price-to-Tangible-Book is 3.38 and 148.5% above the Capital Markets industry median of 1.36. TOP Financial Group's overall GF Score™ is 50/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For TOP Financial Group (TOP), the current Price-to-Tangible-Book is 3.38 as of Aug. 28, 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 $15.42 is trading 104.5% above its estimated GF Value™ of $7.54.
GuruFocus considers TOP Financial Group to be Significantly Overvalued.
Key valuation signals for TOP:
Price-to-Tangible-Book: 3.38
GF Value™: $7.54 vs. price of $15.42 (104.5% above fair value)
Industry Position: 148.5% above the Capital Markets median (#558 of 739)
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.
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