Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
TOP Financial GroupTOP +4.81%68 3-Year Share Buyback Ratio is -2.00 as of Mar. 2026. GuruFocus rates TOP with a GF Score™ of 68/100 and a GF Value™ of $1.54 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 432 Capital Markets companies, TOP Financial Group ranks better than 54.63% on this metric.
Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. TOP Financial Group's current 3-Year Share Buyback Ratio was -2.00%.
The historical rank and industry rank for TOP Financial Group's 3-Year Share Buyback Ratio or its related term are showing as below:
TOP'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -2 Med: -1.9 Max: 0
Current: -2
During the past 7 years, TOP Financial Group's highest 3-Year Share Buyback Ratio was 0.00%. The lowest was -2.00%. And the median was -1.90%.
TOP's 3-Year Share Buyback Ratio is ranked better than 54.63% of 432
companies
in the Capital Markets industry
Industry Median: -2.75
vs TOP: -2.00
TOP Financial Group (NAS:TOP) 3-Year Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
TOP Financial Group 3-Year Share Buyback Ratio Related Terms
TOP vs NCTY, AURE, SIEB: 3-Year Share Buyback Ratio Comparison
For the Capital Markets subindustry, TOP Financial Group's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback Ratio 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 3-Year Share Buyback Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, TOP Financial Group's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where TOP Financial Group's 3-Year Share Buyback Ratio falls into.
TOP Financial Group 3-Year Share Buyback Ratio Calculation
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Share Buyback Ratio of -2.00 mean?
TOP Financial Group (TOP) has a 3-Year Share Buyback Ratio of -2.00 as of Mar. 2026. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for TOP Financial Group and its competitors. According to the industry distribution chart, TOP Financial Group ranks #196 out of 432 companies in the Capital Markets industry, placing it in the top 45.4%.
Is TOP Financial Group's 3-Year Share Buyback Ratio too high?
TOP Financial Group's current 3-Year Share Buyback Ratio is -2.00. Based on the distribution chart, TOP Financial Group ranks #196 out of 432 companies in the Capital Markets industry, which is above the industry midpoint. Overall, TOP Financial Group has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOP Financial Group's 3-Year Share Buyback Ratio compare to NCTY and AURE?
According to the Capital Markets industry distribution chart, TOP Financial Group ranks #196 out of 432 companies for 3-Year Share Buyback Ratio. This puts TOP Financial Group in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Share Buyback Ratio for a Capital Markets company?
A good 3-Year Share Buyback Ratio depends on the Capital Markets industry context. However, 3-Year Share Buyback Ratio 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 3-Year Share Buyback Ratio mean?
A high 3-Year Share Buyback Ratio can signal that a stock is expensive relative to its fundamentals. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for TOP Financial Group and its competitors. TOP Financial Group's current 3-Year Share Buyback Ratio is -2.00. 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 Modestly Overvalued. The stock's GF Value™ is $1.54, compared to a current price of $1.96 — trading 27.3% above its estimated fair value. The current 3-Year Share Buyback Ratio is -2.00. TOP Financial Group's overall GF Score™ is 68/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Share Buyback Ratio calculated?
3-Year Share Buyback Ratio is calculated from a company's financial statements. For TOP Financial Group (TOP), the current 3-Year Share Buyback Ratio is -2.00 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 $1.96 is trading 27.3% above its estimated GF Value™ of $1.54.
GuruFocus considers TOP Financial Group to be Modestly Overvalued.
Key valuation signals for TOP:
3-Year Share Buyback Ratio: -2.00
GF Value™: $1.54 vs. price of $1.96 (27.3% above fair value)
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.
68GF Score
Get the complete analysis for TOP
3-Year Share Buyback Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TOP has been successfully added to your 
