TOP (TOP Financial Group) Shares Outstanding (Diluted Average): 37.09 Mil (As of Mar. 2026)


TOP TOP Financial Group Ltd TOP
59 GF Score
Price $2.03
GF Value $1.54
Valuation Significantly Overvalued
! 9 Warning Signs
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What is TOP Financial Group Shares Outstanding (Diluted Average)?

TOP Financial Group TOP +3.84% 59 Shares Outstanding (Diluted Average) is 37.09 Mil as of Mar. 2026. GuruFocus rates TOP with a GF Score™ of 59/100 and a GF Value™ of $1.54 (Significantly Overvalued). The stock has 9 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. TOP Financial Group's average diluted shares outstanding for the quarter that ended in Mar. 2026 was 37.09 Mil.

TOP Financial Group  (NAS:TOP) Shares Outstanding (Diluted Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.

TOP Financial Group Shares Outstanding (Diluted Average) Related Terms

TOP Financial Group Shares Outstanding (Diluted Average) Historical Data

* Premium members only.

The historical data trend for TOP Financial Group's Shares Outstanding (Diluted Average) 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 Shares Outstanding (Diluted Average) Chart

TOP Financial Group Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Shares Outstanding (Diluted Average)
Get a 7-Day Free Trial 35.00 34.17 32.28 37.03 37.07

TOP Financial Group Semi-Annual Data
Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Shares Outstanding (Diluted Average) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.55 37.02 37.04 37.06 37.09
TOP
59GF Score
TOP Financial Group Ltd TOP
Shares Outstanding (Diluted Average) is just one metric. See GF Score™, valuation, warning signs, and more.
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TOP Financial Group Shares Outstanding (Diluted Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (Diluted Average) of 37.09 Mil mean?
TOP Financial Group (TOP) has a Shares Outstanding (Diluted Average) of 37.09 Mil as of Mar. 2026. The average shares outstanding over two periods including dilutive securities like preferred shares and convertibles. View historical data on TOP Financial Group and its competitors.
Is TOP Financial Group's Shares Outstanding (Diluted Average) too high?
TOP Financial Group's current Shares Outstanding (Diluted Average) is 37.09 Mil. Overall, TOP Financial Group has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOP Financial Group's Shares Outstanding (Diluted Average) compare to NCTY and AURE?
TOP Financial Group's Shares Outstanding (Diluted Average) of 37.09 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 Shares Outstanding (Diluted Average) for a Capital Markets company?
A good Shares Outstanding (Diluted Average) depends on the Capital Markets industry context. However, Shares Outstanding (Diluted Average) 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 Shares Outstanding (Diluted Average) mean?
A high Shares Outstanding (Diluted Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods including dilutive securities like preferred shares and convertibles. View historical data on TOP Financial Group and its competitors. TOP Financial Group's current Shares Outstanding (Diluted Average) is 37.09 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 Significantly Overvalued. The stock's GF Value™ is $1.54, compared to a current price of $2.03 — trading 31.8% above its estimated fair value. The current Shares Outstanding (Diluted Average) is 37.09 Mil. TOP Financial Group's overall GF Score™ is 59/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Diluted Average) calculated?
Shares Outstanding (Diluted Average) is calculated from a company's financial statements. For TOP Financial Group (TOP), the current Shares Outstanding (Diluted Average) is 37.09 Mil as of Mar. 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 $2.03 is trading 31.8% above its estimated GF Value™ of $1.54. GuruFocus considers TOP Financial Group to be Significantly Overvalued.

Key valuation signals for TOP:

  • Shares Outstanding (Diluted Average): 37.09 Mil
  • GF Value™: $1.54 vs. price of $2.03 (31.8% above fair value)
  • GF Score™: 59/100 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.
59GF Score

Get the complete analysis for TOP

Shares Outstanding (Diluted Average) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$2.03
Price
$1.54
GF Value