TOP · bank / insurer · relative-multiples view
TOP Financial Group Limited (TOP): Valuation Snapshot
TOP Financial Group Limited (TOP) is a bank, insurer or other financial, and a discounted-cash-flow model is the wrong lens for one, so TickerWorth does not publish a DCF fair value for it. What its filings and market data do show is below. Snapshot as of Oct 19, 2026.
Model by Miraaj Patel · generated from public market data · Updated Oct 19, 2026 · How these pages are made
How is a bank like TOP valued?
This is a bank / insurer / financial. A free-cash-flow DCF is structurally the wrong lens here (their debt and float are raw material, not financing), so we don't publish one. Our bank model (justified price-to-book) declined to value it too: return on equity is -3.8% — zero or negative.
The model would extrapolate a loss year into perpetuity, so we don't publish it. The price-to-book and price-to-earnings figures below are context for comparison, not a fair value.
Bank model (justified price-to-book)
Not published. Return on equity is -3.8% — zero or negative. The model would extrapolate a loss year into perpetuity, so we don't publish it.
What is TOP's TickerWorth Score?
Scores lower than almost every company we compare it with
Compared with Financial Services companies in US
Its strongest point: strong balance sheet. Its weakest: looks expensive on the numbers.
- Value · 14 of 100
Cheaper than 14% of Financial Services companies in US
- Price vs worth · — of 100
- Quality · 19 of 100
More profitable than 19% of Financial Services companies in US
- Financial health · 90 of 100
Financially stronger than 90% of Financial Services companies in US
- Growth · 3 of 100
Growing faster than 3% of Financial Services companies in US
- Momentum · 76 of 100
Outperformed 76% of Financial Services companies in US over the past year
Confidence: Medium confidence · Scored
Get the Undervalued Company of the Week.
- Price
- $13.36
- Market cap
- $1,
652, 100, 352 - 52-week high
- $17.42
- 52-week low
- $3.06
- Currency
- USD
- Exchange
- NasdaqCM
Snapshot of Oct 19, 2026, quote time not published · Prices are delayed.
What we can say
TOP Financial Group Limited (TOP) is a bank, insurer or other financial, and a free-cash-flow discounted-cash-flow (DCF) model is structurally the wrong lens for it: for these businesses debt and float are raw material, not financing, so there is no meaningful 'free cash flow' to discount. Instead of a misleading intrinsic-value number, this page reads TOP the way financials are actually valued — on relative multiples such as price-to-earnings and, above all, price-to-book — plus a plain description of where the stock trades. It is a descriptive snapshot, not a valuation, and not investment advice.
Read the full reasoning
On the numbers we do have, TOP trades at a recent price of $13.36, a market capitalisation of about $1,652,100,352, sitting 72% of the way up its 52-week range ($3.06–$17.42), on the NasdaqCM.
The standard alternative to a DCF is relative valuation — comparing TOP's trading multiples against a sector benchmark. Here that gives P/B of 3.2× (richer than the peer median of 2.6×); P/S of 369.8× (richer than the peer median of 4.7×). A cheaper multiple than peers can flag a discount or a market that expects weaker growth; it is a comparison, not a recommendation.
The asset, or book-value, lens is the classic tool for asset-heavy businesses and financials. TOP shows a price-to-book (P/B) of 3.17 and book value of $4.21 per share. Price-to-book compares the market price to the accounting net-asset value per share; below 1.0 can mean a discount to net assets or that the market is pricing in trouble — descriptive either way, never a buy signal on its own.
Finally, a price-based read — explicitly not a valuation. TOP is in a mixed trend, trading -23.3% from its 52-week high. Over the past year the stock is +120.0%. Moving-average trend and 52-week position describe where the stock has traded; they say nothing about what it is worth.
To be exact about what this page is not: we are not saying the numbers for TOP are unavailable. They are, and they are above. We are saying a discounted-cash-flow model is the wrong instrument for this kind of business, and publishing one anyway — because the inputs happen to exist — would be a precise answer to the wrong question. Refusing is the more useful answer, and it is the same rule we apply to every name in this category.
TOP vs peers
Sector benchmark (bellwethers, not direct competitors).
| Multiple | TOP | Peer median | Read |
|---|---|---|---|
| P/B | 3.2× | 2.6× | richer than |
| P/S | 369.8× | 4.7× | richer than |
What does TOP Financial Group Limited do?
What does it do?
TOP Financial Group Limited, through its subsidiaries, operates as an online brokerage company in Hong Kong. It is involved in the trading of equities, futures, and options products; and the provision of brokerage and value-added services, including trade order placement and execution, account management, and customer support services. It operates in the Capital Markets industry (Financial Services sector), headquartered in United States. The company employs roughly 30 people.
How does it make money?
The business turns $4M in annual revenue into profit. Out of every $100 of sales, about $0 is left as operating profit (operating margin of -35.9%), after a 64% gross margin on the products/services it sells. After all costs, taxes and interest, -30.7% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks solid: carries modest debt (0.1× equity), comfortably covers its short-term bills (2.7× current ratio), and is currently lossmaking.
TOP insider trading
We have no recent SEC Form 4 insider filings on file for TOP Financial Group Limited. Form 4 covers US-listed companies only.
Companies we do put a number on
Not investment advice. TickerWorth Score is a model output.
A descriptive, available-data snapshot and relative comparison — NOT a DCF, NOT a price target, and NOT investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public market data that can be wrong, stale or incomplete.