TOP (TOP Financial Group) Retained Earnings: $5.94 Mil (As of Sep. 2025)


TOP TOP Financial Group Ltd TOP
65 GF Score
Price $1.59
GF Value $1.45
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is TOP Financial Group Retained Earnings?

TOP Financial Group TOP -0.62% 65 Retained Earnings is $5.94 Mil as of Sep. 2025. GuruFocus rates TOP with a GF Score™ of 65/100 and a GF Value™ of $1.45 (Fairly Valued). The stock has 9 warning signs investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. TOP Financial Group's retained earnings for the quarter that ended in Sep. 2025 was $5.94 Mil.

TOP Financial Group's quarterly retained earnings declined from Sep. 2024 ($11.26 Mil) to Mar. 2025 ($5.74 Mil) but then increased from Mar. 2025 ($5.74 Mil) to Sep. 2025 ($5.94 Mil).

TOP Financial Group's annual retained earnings increased from Mar. 2023 ($10.66 Mil) to Mar. 2024 ($11.71 Mil) but then declined from Mar. 2024 ($11.71 Mil) to Mar. 2025 ($5.74 Mil).

TOP Financial Group  (NAS:TOP) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

TOP Financial Group Retained Earnings Historical Data

* Premium members only.

The historical data trend for TOP Financial Group's Retained Earnings 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 Financial Group Retained Earnings Chart

TOP Financial Group Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Retained Earnings
Get a 7-Day Free Trial 3.77 7.27 10.66 11.71 5.74

TOP Financial Group Semi-Annual Data
Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.63 11.71 11.26 5.74 5.94
TOP
65GF Score
TOP Financial Group Ltd TOP
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TOP Financial Group Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of $5.94 Mil mean?
TOP Financial Group (TOP) has a Retained Earnings of $5.94 Mil as of Sep. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on TOP Financial Group and its competitors.
Is TOP Financial Group's Retained Earnings too high?
TOP Financial Group's current Retained Earnings is $5.94 Mil. Overall, TOP Financial Group has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TOP Financial Group's Retained Earnings compare to NCTY and AURE?
TOP Financial Group's Retained Earnings of $5.94 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Capital Markets company?
A good Retained Earnings depends on the Capital Markets industry context. However, Retained Earnings 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 Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on TOP Financial Group and its competitors. TOP Financial Group's current Retained Earnings is $5.94 Mil. 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 Fairly Valued. The stock's GF Value™ is $1.45, compared to a current price of $1.59 — trading 9.7% above its estimated fair value. The current Retained Earnings is $5.94 Mil. 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 Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For TOP Financial Group (TOP), the current Retained Earnings is $5.94 Mil as of Sep. 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 Financial Group (TOP) Overvalued in 2026?

Based on GuruFocus' analysis, TOP Financial Group stock appears to be overvalued. The current stock price of $1.59 is trading 9.7% above its estimated GF Value™ of $1.45. GuruFocus considers TOP Financial Group to be Fairly Valued.

Key valuation signals for TOP:

  • Retained Earnings: $5.94 Mil
  • GF Value™: $1.45 vs. price of $1.59 (9.7% above fair value)
  • GF Score™: 65/100 with 9 warning signs

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 Business Description

Address 101 Cecil Street, No. 13-05, Tong Eng Building, Singapore, SGP, 069533
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

Get the complete analysis for TOP

Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.59
Price
$1.45
GF Value