Top Ships Inc. Ratios | P/E, ROE & Valuation

On the Key Ratios page for Top Ships Inc. (TOPS), the latest P/E of 1.1 frames valuation, while ROE 2.85% and ROIC 8.94% indicates profitability and capital efficiency. Together with the current ratio of 0.61 and debt-to-equity 2.30, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

TOPS Historical Per Share Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Revenue per Share$17.38$18.62$46.11$319.03$339.63$614.58$135444.36$2709330.34$531932.43$0.00
Net Income per Share$0.67$1.09$3.37$74.95$51.91$-232.86$-30276.59$-734888.03$-180770.27$0.00
Operating Cash Flow per Share$5.71$3.74$16.08$132.19$96.77$61.64$39337.23$47258.83$9391.89$0.00
Free Cash Flow per Share$3.70$3.74$16.08$-725.02$-599.23$-1171.39$-377173.45$-4147622.52$-550445.95$0.00
Cash per Share$4.40$1.65$19.99$81.26$14.28$197.25$9042.19$3762.23$325418.92$0.00
Book Value per Share$19.28$31.22$101.95$779.32$561.69$1369.73$216744.18$6882958.42$1449648.65$0.00
Tangible Book Value per Share$19.28$31.22$101.95$779.32$561.69$1369.73$216744.18$6882958.42$1449648.65$0.00
Interest Debt per Share$49.33$59.07$150.88$1088.93$1160.09$1718.92$669765.90$9921634.11$1618135.14$0.00
CAPEX per Share$2.01$0.00$0.00$857.20$696.00$1233.03$416510.68$4194881.35$559837.84$0.00

TOPS Historical Valuation Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Price to Earnings (P/E)1.155.544.630.23.88-1.25-0.16-0.13-1.530
Price to Book (P/B)0.040.190.150.020.360.210.020.010.190
Price to Sales (P/S)0.040.320.340.050.590.470.040.040.520
Enterprise Value to EBITDA3.95.435.585.339.115.4910.728.2314.3211.3
EV to Sales2.343.152.93.033.822.64.643.462.552.97
EV to Operating Cash Flow7.1115.688.317.3113.4125.9715.99198.45144.3112.59
EV to Free Cash Flow10.9815.688.31-1.33-2.17-1.37-1.67-2.26-2.46-1.27
Enterprise Value$187.92M$271.68M$240.56M$244.24M$215.42M$156.84M$306.94M$142.09M$100.29M$84.41M

TOPS Historical Profitability Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Return on Equity (ROE)2.85%3.49%3.31%9.62%9.24%-17.00%-13.97%-10.68%-12.47%2.23%
Return on Invested Capital (ROIC)8.94%7.05%6.54%15.42%10.40%7.61%9.15%-1.84%1.39%3.47%
Return on Tangible Assets0.93%1.19%1.32%4.04%2.60%-7.79%-3.32%-4.31%-6.07%0.73%
Earnings Yield87.96%18.05%21.59%491.79%25.75%-80.19%-630.76%-746.84%-65.50%0.00%
Free Cash Flow Yield488.00%62.09%102.98%-4757.32%-297.24%-403.37%-7857.78%-4215.06%-199.44%0.00%
Dividend Yield0.00%0.00%21.39%346.70%5.32%0.00%0.00%0.00%0.00%0.00%

TOPS Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202420232022202120202019201820172016
Current Ratio0.610.710.940.710.71.770.670.141.140.23
Interest Coverage1.121.281.252.271.950.530.95-0.40.11.57
Income Quality8.563.444.771.761.86-0.26-1.3-0.06-0.056.37
Debt to Equity2.31.741.351.321.981.12.921.350.971.79
Debt to Assets61.39%59.47%54.10%55.60%55.73%50.41%69.46%54.41%47.15%58.99%
Net Debt to EBITDA3.824.874.935.247.74.4910.6227.9311.411.3

TOPS Historical Efficiency Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Receivables Turnover37.5277.38261.6710082741.670102.9433.3250.92168.24
Payables Turnover9.9226.6125.4322.7415.5413.98.397.1810.0511.56
Inventory Turnover58.8149.2937.6943.2853.4568.7844.1550.1143.6137.72
Days Sales Outstanding9.734.721.390.040.4903.5510.957.172.17
Days Payables Outstanding36.7813.7214.3516.0523.4926.2643.4950.8536.3231.57
Days of Inventory on Hand6.217.419.688.436.835.318.277.288.379.68

TOPS Historical Market Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Enterprise Value to EBITDA3.95.435.585.339.115.4910.728.2314.3211.3
Market Cap$3.51M$27.90M$28.10M$3.85M$33.46M$28.46M$2.34M$1.49M$20.42M$0.00
Enterprise Value$187.92M$271.68M$240.56M$244.24M$215.42M$156.84M$306.94M$142.09M$100.29M$84.41M
Dividend Yield0.00%0.00%21.39%346.70%5.32%0.00%0.00%0.00%0.00%0.00%
Payout Ratio0.00%0.00%99.08%70.50%20.65%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

How does Top Ships Inc.’s P/E ratio compare with its history?

On this page, TOPS's current P/E is 1.1, compared with a multi-year average around 3.1. A lower P/E versus its own history is a calculated gap versus that average—not a conclusion that the stock is cheap. Pair it with profitability and earnings quality in the table (for example ROE/ROIC) to see whether the multiple moved with earnings.

What is Top Ships Inc. market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $3.51M. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

How does Top Ships Inc.’s P/E compare with its industry?

There is no P/E Tickerplace rates as good. Compare the P/E on this page with Top Ships Inc.'s own historical range (in the table) and with peers via the Screener and Compare tools. A higher or lower multiple versus peers is a calculated gap, not a recommendation.

How does Top Ships Inc. compare to its competitors in key financial ratios?

The fastest way to compare Top Ships Inc. with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see Top Ships Inc. outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

What do Top Ships Inc.'s liquidity and leverage ratios show?

Liquidity and leverage figures on this page are published ratios, not a verdict that Top Ships Inc. is financially strong. Current ratio is about 0.61, which is below 1.0 and can suggest tighter short-term liquidity. Interest coverage is about 1.12, implying less buffer for servicing interest costs. Debt-to-equity is about 2.30, suggesting higher leverage than a low-debt profile. Pair them with ROE/ROIC and cash-flow rows in the table. Tickerplace does not rate the company as a good or poor investment.

What do Top Ships Inc.'s financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If Top Ships Inc. is sustaining strong returns (for example ROE at 2.85% and ROIC at 8.94%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.