Top Ships Inc (TOPS)

AMEX · Energy · Oil & Gas Midstream · Greece

Top Ships Inc is a micro cap company (market value under $300 million) in the Oil & Gas Midstream industry.

Intrinsic value, DCF valuation, financial health and value investing analysis for the Top Ships Inc stock.

Our verdict on TOPS

No reliable verdict: intrinsic value $15.67 per share, market price $0.30 (as of 2026-10-30).

Discounting its cash flows would put the shares at $15.67: 52 times the price of $0.30. A gap that size says more about a model than about the market. It usually means heavy debt, where a small error in the value of the business becomes a large one in the value of the shares, or a business our method does not describe. We do not publish a verdict on this one.

Leak Score: 74/100 on 9 of 12 signals (Clear Leak).

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Is TOPS undervalued or overvalued?

We do not publish a verdict on TOPS. Discounting its cash flows would put the shares at $15.67: 52 times the price of $0.30. A gap that size says more about a model than about the market. It usually means heavy debt, where a small error in the value of the business becomes a large one in the value of the shares, or a business our method does not describe. We do not publish a verdict on this one.

What is the intrinsic value of TOPS?

We do not publish one (as of the 2026-10-30 close). Discounting its cash flows would put the shares at $15.67: 52 times the price of $0.30. A gap that size says more about a model than about the market. It usually means heavy debt, where a small error in the value of the business becomes a large one in the value of the shares, or a business our method does not describe. We do not publish a verdict on this one.

What is Top Ships Inc's Leak Score?

74 out of 100, which we rate "Clear Leak", on 9 of 12 value investing signals.