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TOP ShipsTOPS +2.04%49 3-Year Share Buyback Ratio is -75.40 as of Dec. 2025. GuruFocus rates TOPS with a GF Score™ of 49/100 and a GF Value™ of $4.15 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 681 Oil & Gas companies, TOP Ships ranks worse than 95.15% 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 Ships's current 3-Year Share Buyback Ratio was -75.40%.
The historical rank and industry rank for TOP Ships's 3-Year Share Buyback Ratio or its related term are showing as below:
TOPS'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -850.2 Med: -203.2 Max: -75.4
Current: -75.4
During the past 13 years, TOP Ships's highest 3-Year Share Buyback Ratio was -75.40%. The lowest was -850.20%. And the median was -203.20%.
TOPS's 3-Year Share Buyback Ratio is ranked worse than 95.15% of 681
companies
in the Oil & Gas industry
Industry Median: -3.5
vs TOPS: -75.40
TOP Ships (AMEX:TOPS) 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 Ships 3-Year Share Buyback Ratio Related Terms
TOPS vs RBNE, CWPE, MARPS: 3-Year Share Buyback Ratio Comparison
For the Oil & Gas Midstream subindustry, TOP Ships'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 Ships 3-Year Share Buyback Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, TOP Ships's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where TOP Ships's 3-Year Share Buyback Ratio falls into.
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 -75.40 mean?
TOP Ships (TOPS) has a 3-Year Share Buyback Ratio of -75.40 as of Dec. 2025. 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 Ships and its competitors. According to the industry distribution chart, TOP Ships ranks #648 out of 681 companies in the Oil & Gas industry, placing it in the top 95.2%.
Is TOP Ships' 3-Year Share Buyback Ratio too high?
TOP Ships' current 3-Year Share Buyback Ratio is -75.40. Based on the distribution chart, TOP Ships ranks #648 out of 681 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. 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' 3-Year Share Buyback Ratio compare to RBNE and CWPE?
According to the Oil & Gas industry distribution chart, TOP Ships ranks #648 out of 681 companies for 3-Year Share Buyback Ratio. This places TOP Ships in the lower 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 an Oil & Gas company?
A good 3-Year Share Buyback Ratio depends on the Oil & Gas 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 Ships and its competitors. TOP Ships's current 3-Year Share Buyback Ratio is -75.40. 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 $4.15, compared to a current price of $0.75 — trading 81.9% below its estimated fair value. The current 3-Year Share Buyback Ratio is -75.40. 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 3-Year Share Buyback Ratio calculated?
3-Year Share Buyback Ratio is calculated from a company's financial statements. For TOP Ships (TOPS), the current 3-Year Share Buyback Ratio is -75.40 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 $0.75 is trading 81.9% below its estimated GF Value™ of $4.15.
GuruFocus considers TOP Ships to be Possible Value Trap.
Key valuation signals for TOPS:
3-Year Share Buyback Ratio: -75.40
GF Value™: $4.15 vs. price of $0.75 (81.9% below fair value)
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 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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