TOP Financial Group (TOP Financial Group) Net Cash per Share : $0.59 (As of Sep. 2023)

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What is TOP Financial Group Net Cash per Share?

Net Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). TOP Financial Group's Net Cash per Share for the quarter that ended in Sep. 2023 was $0.59.

The historical rank and industry rank for TOP Financial Group's Net Cash per Share or its related term are showing as below:

TOP' s Price-to-Net-Cash Range Over the Past 10 Years
Min: 4.31 Med: 16.97 Max: 23.35
Current: 4.31

During the past 4 years, the highest Price-to-Net-Cash Ratio of TOP Financial Group was 23.35. The lowest was 4.31. And the median was 16.97.

TOP's Price-to-Net-Cash is ranked better than
61.5% of 200 companies
in the Capital Markets industry
Industry Median: 6.79 vs TOP: 4.31

TOP Financial Group Net Cash per Share Historical Data

The historical data trend for TOP Financial Group's Net Cash per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

TOP Financial Group Net Cash per Share Chart

TOP Financial Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Net Cash per Share

-0.09

0.04

0.07

0.33

TOP Financial Group Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Net Cash per Share	Get a 7-Day Free Trial			-0.06	0.07	0.55	0.33	0.59

Competitive Comparison of TOP Financial Group's Net Cash per Share

For the Capital Markets subindustry, TOP Financial Group's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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's Price-to-Net-Cash Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, TOP Financial Group's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where TOP Financial Group's Price-to-Net-Cash falls into.

TOP Financial Group Net Cash per Share Calculation

In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.

TOP Financial Group's Net Cash per Share for the fiscal year that ended in Mar. 2023 is calculated as

	Net Cash per Share (A: Mar. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(15.966	-	4.333	-	0)	/	35.0046
=	0.33

TOP Financial Group's Net Cash per Share for the quarter that ended in Sep. 2023 is calculated as

	Net Cash per Share (Q: Sep. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(24.522	-	3.925	-	0)	/	35.0088
=	0.59

TOP Financial Group (NAS:TOP) Net Cash per Share Explanation

Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.

TOP Financial Group Net Cash per Share Related Terms

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TOP Financial Group (TOP Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » TOP Financial Group Ltd (NAS:TOP) » Definitions » Net Cash per Share

Comparable Companies

Traded in Other Exchanges

N/A

Address

118 Connaught Road West, Room 1101, Hong Kong, HKG

Website

https://www.zyfgl.com

TOP Financial Group Ltd is an online brokerage firm in Hong Kong specializing in the trading of local and overseas equities, futures, and options products. The company operates in only one segment which is the futures brokerage service.