TOP Financial Group Limited TOP

15.47 0.48 3.20% as of 25 Sep
Market cap
$1.9B
P/E
179×

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios

Market Cap 1,850.00
Revenue 12.11
Net Income (1.18)
Free Cash Flow 26.72
Net Debt (45.71)
Current Ratio 2.65
Debt/Equity 0.02
P/E ratio 179.05
P/S ratio 9.58
P/B ratio 3.13
Past 5Y EPS Growth (17.68%)
This Y EPS Growth —
Next Y EPS Growth —
Next 5Y EPS Growth —
in millions of $

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2026 Powerpack
2025 Powerpack
2024 Powerpack
2023 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2024 2025 2026 Q'26
Cash 40 16 32 46
Receivables 9 13 34 21
Inventory — — — —
Other — — — —
53 41 79 148
2024 2025 2026 Q'26
Payables 10 11 49 54
ST’ Debt — — — —
Other — — — —
17 12 51 56
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — (22.51%) (21.31%)
Cash Flow — 26.47% 0.00%
Earnings — 0.00% 0.00%
Book Value — 38.36% (1.61%)

Revenue

Mar Jun Sep Dec Year
’26 — 1 — — —
’26 — 1 — — 5
’25 — — — — 3
’24 — — — — 8
’23 5 — 5 — 10
’22 — — — — 8
’21 — — — — 17
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 — 6 — — —
’26 14 7 0 — 14
’25 (14) — (8) — (14)
’24 18 — 2 — 18
’23 (6) — (5) — (6)
’22 2 — — — 2
’21 4 — — — 4
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 — 6 — — —
’26 13 7 0 — 13
’25 (14) — (8) — (14)
’24 18 — 2 — 18
’23 (6) — (5) — (6)
’22 1 — — — 1
’21 4 — — — 4
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 — (0.02) — — —
’26 — 0.01 — — (0.15)
’25 — — — — (0.80)
’24 — — — — 0.16
’23 0.04 — 0.05 — 0.50
’22 — — — — 0.58
’21 — — — — 0.84
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
— — — — — 18.00 17.50 6.25 4.71 3.06

Analyst estimates 2027–2029

Powerpack
Low Price
— — — — — 254.85 1,282.20 38.85 16.65 17.42
High Price
— — — — 11 11 11 11 18 30
Employees
— — — 0 2 1 1 1 0 0
Revenue/Emp
— — — 17 17 8 10 8 3 5
Revenue
— — — 24.29% 39.29% 65.11% 70.93% 71.08% 59.86% 71.50%
Gross Margin
— — — 3 5 4 3 1 (6) (1)
EBT
— — — 15.74% 30.26% 45.78% 35.37% 12.29% (174.91%) (24.92%)
EBT Margin
— — — 3 5 3 3 1 (6) (1)
Net Income
— — — 0 0 0 0 0 0 0
Depreciation
— — — 0.46 2.82 1.30 1.42 1.25 0.45 0.64
Revenue/Sh
— — — 0.07 0.84 0.58 0.57 0.16 (0.80) (0.15)
Earnings/Sh
— — — (0.02) 0.72 0.26 (0.88) 2.75 (1.95) 1.89
Cash Flow/Sh
— — — 0.00 0.00 (0.07) (0.01) 0.00 0.00 (0.10)
Capex/Sh
— — — (0.02) 0.72 0.20 (0.90) 2.75 (1.95) 1.79
Free CF/Sh
— — — 0.18 1.13 1.70 5.26 6.28 4.71 4.62
Book Value/Sh
— — — 36 6 6 7 6 7 7
Shares
— — — 105.90 105.90 105.90 105.90 105.90 105.90 105.90
PE Ratio
— — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PS Ratio
— — — 0.00 0.00 0.00 27.26 12.09 6.22 0.90
PB Ratio
— — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EV/Sales
— — — 0.00 0.00 0.00 (198.54) 50.18 (80.76) (0.18)
EV/FCF
— — — (1) 4 2 (6) 18 (14) 14
Op' Cash Flow
— — — — 0 0 0 0 0 (1)
Capex
— — — (1) 4 1 (6) 18 (14) 13
FCF
— — — — 7 9 34 36 29 27
Working Cap'
— — — — — 0 0 — — 1
Total Debt
— — — (5) (7) (9) (21) (40) (16) (32)
Net Debt
— — — 6 7 10 36 41 35 34
Sh' Equity
— — — 0.00% 42.84% 28.92% 12.55% 2.15% (11.43%) (1.76%)
ROA
— — — 0.00% 0.00% 235.63% 13.95% 81.61% (8.89%) (33.21%)
ROIC
— — — 0.00% 76.53% 41.20% 14.73% 2.75% (15.83%) (3.39%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026

TOP Financial Group Limited peers in Capital Markets

All 93 Capital Markets stocks →

TOP Financial Group Limited (TOP) key facts

  • TOP Financial Group Limited (TOP) is a Capital Markets company in the Financial sector, listed on Nasdaq.
  • TOP Financial Group Limited’s revenue for fiscal 2026 (year ended March 2026) was $4.7 million, up 41.9% from fiscal 2025.
  • As of September 25, 2026, TOP traded at $15.47, a market capitalization of $1.9 billion.
  • Return on equity was −3.39% and debt-to-equity 0.02.

Source: company filings (standardised) and stockrow calculations.

TOP Financial Group Limited (TOP) Latest News

News by impact score

Fine-tune

4 Sep

4

TOP Financial Group Limited is relocating its global headquarters to the United States as a strategic move. Headquarters relocation to the United States marks a major strategic shift likely to alter TOP Financial Group Limited's trajectory and investor sentiment.

4 Aug

4

TOP Financial Group Limited announces launch of an Artificial Intelligence Division with plans to integrate advanced AI across core brokerage and FinTech operations. Announcement of new AI division and integration into core brokerage and FinTech operations constitutes a major strategic move likely to significantly affect company trajectory.

28 Jul

3

TOP Financial Group trades at a 39x price-to-book ratio while posting rising losses. High valuation ratio paired with mounting losses can pressure share price and investor sentiment.

4 May

4

TOP Financial Group Limited received a Nasdaq notification for failing to meet the minimum $1.00 bid price requirement over 30 consecutive business days, granting 180 calendar days to regain compliance by achieving a $1.00 closing bid price for 10 consecutive business days. Nasdaq minimum bid price deficiency notice creates delisting risk, significantly pressuring stock price, liquidity, and investor sentiment.

25 Aug

3

TOP Financial Group Limited has announced the establishment of its new corporate headquarters in Singapore. This strategic move aims to enhance the company's operational efficiency and strengthen its presence in the Asian financial market. The relocation is expected to facilitate better access to key markets and improve overall business performance. The relocation to Singapore is likely to moderately influence the company's market positioning and operational capabilities.

12 Feb

4

TOP Financial Group Ltd announces $5 million registered direct offering of securities with warrants. The offering is a significant strategic move that could impact the company's trajectory and investor sentiment.

30 Jun

4

TOP Financial Group Ltd reported financial year results with a 24% increase in total revenues to $9.7 million. Net income decreased by 2.86% to $3.4 million. The company made strategic investments and acquisitions to expand its business. The company's strategic investments and acquisitions are expected to significantly alter its trajectory and competitive positioning.

1 Jun

3

TOP Financial Group Ltd (NASDAQ:TOP) shareholders have seen a 46% decline in share price over the past year despite improved EPS. The article highlights concerns over revenue drop and share price decline, which may moderately influence the company's future performance.

stockrow.com/TOP · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com