Top Ships (TOPS) Price to Book (2019 - 2025)
Top Ships (TOPS) posted Price to Book of 0.09 for Q4 2025, up 22.22% on a QoQ basis from 0.07 in Q2 2025, and up 21.11% year-over-year from 0.08 in Q4 2024.
Analysis
Top Ships (TOPS) Price to Book (2019 - 2025) Analysis & Trends
Top Ships has reported Price to Book for 7 years, with the latest figure at 0.09 in Q4 2025.
- On a quarterly basis, Price to Book rose 21.11% year-over-year to 0.09 in Q4 2025; TTM through Dec 2025 was 0.09, a 21.11% increase from a year earlier, with the FY2025 full-year figure at 0.09, up 21.11% from the prior year.
- Price to Book was 0.09 for Q4 2025 at Top Ships, up from 0.07 in the prior quarter.
- The five-year high for Price to Book was 0.36 in Q4 2021, with the low at 0.01 in Q2 2023.
- Average Price to Book over 5 years is 0.15, with a median of 0.12 recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: Price to Book plunged 91.94% in 2023, then soared 918.3% in 2024.
- Over 5 years, Price to Book stood at 0.36 in 2021, then plunged by 90.3% to 0.03 in 2022, then jumped by 478.71% to 0.2 in 2023, then tumbled by 62.72% to 0.08 in 2024, then increased by 21.11% to 0.09 in 2025.
- The last three Price to Book figures came in at 0.09 (Q4 2025), 0.07 (Q2 2025), and 0.08 (Q4 2024), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Frontline | 10.27 Bn | 9.94 Bn | - |
| 2 | Kirby | 7.43 Bn | 7.39 Bn | 290.80 Mn |
| 3 | Matson | 6.74 Bn | 6.62 Bn | - |
| 4 | International Seaways | 5.17 Bn | 5.17 Bn | 467.16 Mn |
| 5 | Hafnia | 4.59 Bn | 4.31 Bn | 372.91 Mn |
| 6 | Cmb.Tech | 4.47 Bn | 4.31 Bn | 970.62 Mn |
| 7 | Scorpio Tankers | 4.26 Bn | 2.42 Bn | 343.91 Mn |
| 8 | Star Bulk Carriers | 3.68 Bn | 3.11 Bn | 299.80 Mn |
| 9 | Torm | 3.56 Bn | -626.52 Mn | 652.00 Mn |
| 10 | Top Ships | 1.31 Mn | 1.31 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 0.09 |
| Jun 30, 2025 | 0.07 |
| Dec 31, 2024 | 0.08 |
| Jun 30, 2024 | 0.14 |
| Dec 31, 2023 | 0.20 |
| Jun 30, 2023 | 0.01 |
| Dec 31, 2022 | 0.03 |
| Jun 30, 2022 | 0.17 |
| Dec 31, 2021 | 0.36 |
| Jun 30, 2021 | 0.34 |
| Dec 31, 2020 | 0.24 |
| Jun 30, 2020 | 0.08 |
| Dec 31, 2019 | 0.67 |