TOPS (TOP Ships) ROE % Adjusted to Book Value: -36.00% (As of Dec. 2025)


TOPS TOP Ships Inc TOPS
49 GF Score
Price $0.91
GF Value $4.24
Valuation Possible Value Trap
! 6 Warning Signs
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What is TOP Ships ROE % Adjusted to Book Value?

TOP Ships TOPS +1.80% 49 ROE % Adjusted to Book Value is -36.00% as of Dec. 2025. 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.

TOP Ships's ROE % for the quarter that ended in Dec. 2025 was -8.28%. TOP Ships's PB Ratio for the quarter that ended in Dec. 2025 was 0.23. TOP Ships's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 was -36.00%.

TOP Ships ROE % Adjusted to Book Value Related Terms

TOP Ships ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for TOP Ships's ROE % Adjusted to Book Value 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 Ships ROE % Adjusted to Book Value Chart

TOP Ships Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.81 103.08 6.13 16.16 11.48

TOP Ships Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.62 6.64 22.79 58.63 -36.00

TOPS vs RBNE, CWPE, MARPS: ROE % Adjusted to Book Value Comparison

For the Oil & Gas Midstream subindustry, TOP Ships's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, TOP Ships's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where TOP Ships's ROE % Adjusted to Book Value falls into.


TOPS
49GF Score
TOP Ships Inc TOPS
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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TOP Ships ROE % Adjusted to Book Value Calculation

TOP Ships's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=2.64% / 0.23
=11.48%

TOP Ships's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-8.28% / 0.23
=-36.00%

* 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.

What does a ROE % Adjusted to Book Value of -36.00% mean?
TOP Ships (TOPS) has a ROE % Adjusted to Book Value of -36.00% as of Dec. 2025. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on TOP Ships and its competitors.
Is TOP Ships' ROE % Adjusted to Book Value too high?
TOP Ships' current ROE % Adjusted to Book Value is -36.00%. 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' ROE % Adjusted to Book Value compare to RBNE and CWPE?
TOP Ships' ROE % Adjusted to Book Value of -36.00% can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for an Oil & Gas company?
A good ROE % Adjusted to Book Value depends on the Oil & Gas industry context. However, ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on TOP Ships and its competitors. TOP Ships's current ROE % Adjusted to Book Value is -36.00%. 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 $0.91 — trading 78.6% below its estimated fair value. The current ROE % Adjusted to Book Value is -36.00%. 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 ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For TOP Ships (TOPS), the current ROE % Adjusted to Book Value is -36.00% as of Dec. 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 Ships (TOPS) Overvalued in 2026?

Based on GuruFocus' analysis, TOP Ships stock appears to be undervalued. The current stock price of $0.91 is trading 78.6% below its estimated GF Value™ of $4.24. GuruFocus considers TOP Ships to be Possible Value Trap.

Key valuation signals for TOPS:

  • ROE % Adjusted to Book Value: -36.00%
  • GF Value™: $4.24 vs. price of $0.91 (78.6% below fair value)
  • GF Score™: 49/100 with 6 warning signs

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 Business Description

Industry EnergyOil & Gas
Other Exchanges UER0:Germany
Address 20 Iouliou Kaisara Street, Paiania, Athens, GRC, 19002
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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ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.91
Price
$4.24
GF Value