TOP Financial GroupTOP -0.62%65 Return-on-Tangible-Equity is 1.10% as of Sep. 2025, which is 96% below its 10-year median of 27.34. 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. Among 783 Capital Markets companies, TOP Financial Group ranks worse than 85.82% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. TOP Financial Group's annualized net income for the quarter that ended in Sep. 2025 was $0.38 Mil. TOP Financial Group's average shareholder tangible equity for the quarter that ended in Sep. 2025 was $34.84 Mil. Therefore, TOP Financial Group's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2025 was 1.10%.
The historical rank and industry rank for TOP Financial Group's Return-on-Tangible-Equity or its related term are showing as below:
TOP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -15.86 Med: 27.34 Max: 77.29
Current: -14.59
During the past 6 years, TOP Financial Group's highest Return-on-Tangible-Equity was 77.29%. The lowest was -15.86%. And the median was 27.34%.
TOP's Return-on-Tangible-Equity is ranked worse than 85.82% of 783
companies
in the Capital Markets industry
Industry Median: 6.52
vs TOP: -14.59
TOP Financial Group (NAS:TOP) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
TOP Financial Group Return-on-Tangible-Equity Related Terms
TOP Financial Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for TOP Financial Group's Return-on-Tangible-Equity 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 Return-on-Tangible-Equity Chart
TOP vs NCTY, AURE, SIEB: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, TOP Financial Group's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, TOP Financial Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where TOP Financial Group's Return-on-Tangible-Equity 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Sep. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 1.10% mean?
TOP Financial Group (TOP) has a Return-on-Tangible-Equity of 1.10% as of Sep. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on TOP Financial Group and its competitors. This is 96% below median its historical median of 27.34. According to the industry distribution chart, TOP Financial Group ranks #672 out of 783 companies in the Capital Markets industry, placing it in the top 85.8%.
Is TOP Financial Group's Return-on-Tangible-Equity too high?
TOP Financial Group's current Return-on-Tangible-Equity of 1.10% is 96% below median its 10-year median of 27.34. The Capital Markets industry median Return-on-Tangible-Equity is 6.52. TOP Financial Group's value of 1.10% is 83.1% below this industry median. Based on the distribution chart, TOP Financial Group ranks #672 out of 783 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. 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 Return-on-Tangible-Equity compare to NCTY and AURE?
According to the Capital Markets industry distribution chart, TOP Financial Group ranks #672 out of 783 companies for Return-on-Tangible-Equity. This places TOP Financial Group in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.52. TOP Financial Group's value of 1.10% is 83.1% below this benchmark. While the company's 10-year median is 27.34 vs. the industry median of 6.52, TOP Financial Group 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 Return-on-Tangible-Equity for a Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.52, based on 783 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TOP Financial Group's current Return-on-Tangible-Equity of 1.10% is 83.1% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on TOP Financial Group and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOP Financial Group's current Return-on-Tangible-Equity is 1.10%, which is 96% below median its own 10-year median of 27.34. 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 Return-on-Tangible-Equity is 1.10%, which is 96% below median its 10-year median of 27.34 and 83.1% below the Capital Markets industry median of 6.52. 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 Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For TOP Financial Group (TOP), the current Return-on-Tangible-Equity is 1.10% 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:
Return-on-Tangible-Equity: 1.10% (96% below median its 10-year median of 27.34)
GF Value™: $1.45 vs. price of $1.59 (9.7% above fair value)
Industry Position: 83.1% below the Capital Markets median (#672 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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