TOP Financial GroupTOP -0.62%65 ROA % is 0.69% as of Sep. 2025, which is 96% below its 10-year median of 15.83. 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 819 Capital Markets companies, TOP Financial Group ranks worse than 84.13% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. TOP Financial Group's annualizedNet Income for the quarter that ended in Sep. 2025 was $0.38 Mil.
TOP Financial Group's average Total Assets over the quarter that ended in Sep. 2025 was $55.43 Mil. Therefore, TOP Financial Group's annualized ROA % for the quarter that ended in Sep. 2025 was 0.69%.
The historical rank and industry rank for TOP Financial Group's ROA % or its related term are showing as below:
TOP'
s ROA % Range Over the Past 10 Years
Min: -11.43 Med: 15.83 Max: 42.84
Current: -9.35
During the past 6 years, TOP Financial Group's highest ROA % was 42.84%. The lowest was -11.43%. And the median was 15.83%.
TOP's ROA % is ranked worse than 84.13% of 819
companies
in the Capital Markets industry
Industry Median: 1.5
vs TOP: -9.35
TOP Financial Group (NAS:TOP) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is two times the semi-annual (Sep. 2025) net income data. The Revenue data used here is two times the semi-annual (Sep. 2025) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
TOP Financial Group ROA % Related Terms
TOP Financial Group ROA % Historical Data
* Premium members only.
The historical data trend for TOP Financial Group's ROA % 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 ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, TOP Financial Group's ROA % distribution charts can be found below:
* The bar in red indicates where TOP Financial Group's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets 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.
ROA % is displayed in the 30-year financial page.
TOP Financial Group (TOP) has a ROA % of 0.69% as of Sep. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on TOP Financial Group and its competitors. This is 96% below median its historical median of 15.83. According to the industry distribution chart, TOP Financial Group ranks #689 out of 819 companies in the Capital Markets industry, placing it in the top 84.1%.
Is TOP Financial Group's ROA % too high?
TOP Financial Group's current ROA % of 0.69% is 96% below median its 10-year median of 15.83. The Capital Markets industry median ROA % is 1.50. TOP Financial Group's value of 0.69% is 54% below this industry median. Based on the distribution chart, TOP Financial Group ranks #689 out of 819 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 ROA % compare to NCTY and AURE?
According to the Capital Markets industry distribution chart, TOP Financial Group ranks #689 out of 819 companies for ROA %. This places TOP Financial Group in the lower half of its industry. The industry median ROA % is 1.50. TOP Financial Group's value of 0.69% is 54% below this benchmark. While the company's 10-year median is 15.83 vs. the industry median of 1.50, 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 ROA % for a Capital Markets company?
The median ROA % among Capital Markets companies is 1.50, based on 819 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TOP Financial Group's current ROA % of 0.69% is 54% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on TOP Financial Group and its competitors. For the Capital Markets industry, the median ROA % is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOP Financial Group's current ROA % is 0.69%, which is 96% below median its own 10-year median of 15.83. 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 ROA % is 0.69%, which is 96% below median its 10-year median of 15.83 and 54% below the Capital Markets industry median of 1.50. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For TOP Financial Group (TOP), the current ROA % is 0.69% 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:
ROA %: 0.69% (96% below median its 10-year median of 15.83)
GF Value™: $1.45 vs. price of $1.59 (9.7% above fair value)
Industry Position: 54% below the Capital Markets median (#689 of 819)
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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