Top Ships Inc. (TOPS) P/E Ratio History
Premium ValuationTrading at 1.1x vs 5Y avg 0.8x · 71th percentile · Premium to historical baseline · Data 2005–2015
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P/E Ratio Analysis
As of July 8, 2026, Top Ships Inc. (TOPS) trades at a price-to-earnings ratio of 1.1x, with a stock price of $0.75 and trailing twelve-month earnings per share of $1.98.
The current P/E is 33% above its 5-year average of 0.8x. Over the past five years, TOPS's P/E has ranged from a low of 0.3x to a high of 1.8x, placing the current valuation at the 71th percentile of its historical range.
Compared to the Industrials sector median P/E of 25.6x, TOPS trades at a 96% discount to its sector peers. The sector includes 399 companies with P/E ratios ranging from 0.0x to 191.5x.
Relative to the broader market, TOPS trades at a notable discount to the S&P 500 median P/E of 25.9x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our TOPS DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
TOPS Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
TOPS P/E vs Peers
Oil and Product Tankers peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $3B | 35.9 | 0.74 | -74% | |
| $299M | 14.0 | - | -52% | |
| $127M | 6.2 | - | -59% | |
| $65M | 1.3Lowest | - | +20% | |
| $2B | 6.9 | 0.22Best | -13% | |
| $4B | 13.7 | - | -26% | |
| $630M | 17.6 | - | -71% | |
| $4B | 9.9 | 0.30 | -47% | |
| $3B | 13.2 | - | +17% | |
| $193M | 3.9 | 3.84 | +49%Best |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
TOPS Historical P/E Data (2005–2015)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2015 Q2 | - | $999999.00 | $1999998.00 | 0.5x | -41% |
| FY2014 Q4 | Dec 31 2014 | $999999.00 | $3999996.00 | 0.3x | -70% |
| FY2014 Q2 | Jun 30 2014 | $999999.00 | $1999998.00 | 0.5x | -41% |
| FY2007 Q2 | Jun 30 2007 | $999999.00 | $838861.00 | 1.2x | +42% |
| FY2006 Q4 | Dec 31 2006 | $999999.00 | $1562490.00 | 0.6x | -24% |
| FY2006 Q2 | Jun 30 2006 | $999999.00 | $563226.00 | 1.8x | +111% |
| FY2005 Q4 | Dec 31 2005 | $999999.00 | $975666.00 | 1.0x | +22% |
Average P/E for displayed period: 0.8x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
21+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
TOPS — Frequently Asked Questions
Quick answers to the most common questions about buying TOPS stock.
What is TOPS's P/E ratio?
Top Ships Inc. (TOPS) trailing twelve-month P/E ratio is 1.1x, based on TTM diluted EPS of $1.98. The 5-year average P/E is 0.8x and the historical range spans 0.3x to 1.8x.
Is TOPS stock overvalued or undervalued?
TOPS trades at 1.1x P/E, above its 5-year average of 0.8x. The 71th percentile ranking within the 0.3x–1.8x historical range indicates a premium to historical valuation.
Is TOPS stock expensive?
Yes, TOPS is expensive relative to its own history. The current P/E of 1.1x is above the 5-year average of 0.8x. The stock sits at the 71th percentile of its 5-year valuation range.
What is TOPS's historical P/E range?
Over the past 5 years, TOPS's P/E ratio has ranged from 0.3x to 1.8x, with a median of 0.6x and an average of 0.8x. The current P/E of 1.1x places the stock at the 71th percentile of this range. Full historical data spans 2005–2015.
How does TOPS's P/E compare to the S&P 500?
TOPS trades at 1.1x P/E versus the S&P 500 median of 25.9x. The 96% discount to the market suggests lower growth expectations or perceived higher risk.
How does TOPS's valuation compare to Industrials peers?
Top Ships Inc. P/E of 1.1x compares to the Industrials sector median of 25.6x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is TOPS's PEG ratio?
TOPS PEG ratio is N/A, based on a P/E of 1.1x and EPS growth of -38.5%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is TOPS's earnings yield?
TOPS earnings yield is 89.55%, the inverse of its 1.1x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.