Top Ships Inc. (TOPS) Fair Value 2026

TOPS · Oil & Gas Midstream ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

1.5 /10

32 fundamental signals · 0 models active

Value Trap Risk

DANGER (100/100)

Quick Summary — As of 2026-08-28, Top Ships Inc. (TOPS) trades at $0.75. QOC: 1.5/10. Value Trap Risk: 100/100 (DANGER). 0/13 models active.

Key Facts

Ticker
TOPS
Price
$0.75
Quality Score
1.5/10
Value Trap Risk
100/100
Models Active
0/13
Last Updated
Strength: 0 independent models provide multi-angle coverage
Risk: Value Trap score of 100 suggests caution despite apparent undervaluation

What Fair Value Does Each Model Give TOPS?

0 Intrinsic Value Models vs. Current Price ($0.75)

Core Models (Unlocked)
Model Fair Value Upside

All Models Active

All 0 models are displayed above.

What Is Top Ships Inc. (TOPS) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Top Ships Inc. currently lacks sufficient data across our 13-model framework. As more financial data is processed from SEC filings, our models will generate intrinsic value estimates.

What Do the Models Say About TOPS?

0 of 13 models are currently active for TOPS. See which stocks rank higher →

How Does TOPS Rank in Oil & Gas Midstream?

Among 55 Oil & Gas Midstream stocks, TOPS ranks #55 by Quality of Company score. CirclFi's QOC score of 1.5/10 evaluates 32 fundamental signals. A score of 1.5 signals below-average fundamentals.

See all Most Undervalued Oil & Gas Midstream Stocks →

The Oil & Gas Midstream sector introduces analytical considerations specific to energy producer businesses. For Top Ships Inc., metrics like breakeven oil price provide important context that general-purpose valuation models may underweight.

Is TOPS a Value Trap?

CirclFi's Value Trap algorithm assigns TOPS a score of 100/100 (DANGER). This is a high-risk signal. Deteriorating fundamentals suggest the discount may be justified. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

0 of 13 models are active for Top Ships Inc.. Limited activation may indicate insufficient history. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Deep Alpha Valuation Engine, Top Ships Inc. scores 1.5 out of 10 on our 32-signal quality assessment, a weak rating that exhibits fundamental weaknesses that warrant careful scrutiny. The QOC score synthesizes profitability margins, revenue growth reliability, debt management, and capital allocation into a single metric designed to separate durable businesses from statistically cheap ones. The elevated Value Trap score, however, warrants additional due diligence.

CirclFi runs 13 independent models for each stock. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every TOPS valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy Top Ships Inc. Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Oil & Gas Midstream Stocks Should You Also Analyze?

9 related Oil & Gas Midstream stocks with 13-model coverage

BANLCBL International LimitedQOC 2.5HESMHess Midstream LPQOC 9.2GLNGGolar LNG LimitedQOC 2.7FLNGFLEX LNG Ltd.QOC 9.0FROFrontline plcQOC 2.7CQPCheniere Energy Partners, L.P.QOC 8.9SOBOSouth Bow CorporationQOC 8.3TRPTC Energy CorporationQOC 7.7SUNCSunocoCorp LLCQOC 5.8

Read investment analysis: BANL · HESM · GLNG · FLNG · FRO · CQP · SOBO · TRP · SUNC

Which Other Stocks Have a Similar Quality Score to TOPS?

7 companies across all industries closest to TOPS’s Quality of Company score of 1.5/10.

JZXNJiuzi Holdings, Inc.QOC 1.6EJHE-Home Household Service Holdings LimitedQOC 1.5FAMIFarmmi, Inc.QOC 1.6SOSSOS LimitedQOC 1.4OCGOriental Culture Holding LTDQOC 1.6TANHTantech Holdings LtdQOC 1.4NVDANVIDIA CorporationQOC 10.0

Read investment analysis: JZXN · EJH · FAMI · SOS · OCG · TANH · NVDA

Where Does TOPS Sit in CirclFi's Oil & Gas Midstream Rankings?

TOPS is ranked against every other Oil & Gas Midstream stock CirclFi covers in each of these screens.

See all Oil & Gas Midstream stocks ranked →

What Else Do Investors Ask About Top Ships Inc.’s Valuation?

What is Top Ships Inc.'s intrinsic value in 2026?

CirclFi does not yet have enough active models to publish a median fair value for Top Ships Inc. (TOPS). The Quality of Company score is 1.5/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is TOPS overvalued or undervalued right now?

At $0.75, 0 of 0 active models suggest TOPS may be undervalued, while 0 indicate potential overvaluation. The assessment depends on which methodology best fits Top Ships Inc.'s business model in Oil & Gas Midstream.

What does a Quality of Company score of 1.5 mean for TOPS?

Top Ships Inc.'s QOC of 1.5/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores below 5 flag potential fundamental weaknesses requiring careful analysis.

How many valuation models does CirclFi run on TOPS?

CirclFi analyzes TOPS with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 0 of 13 are active for this stock. Read the full methodology →

Is TOPS a value trap in 2026?

Top Ships Inc.'s Value Trap score is 100/100 (DANGER). This elevated score suggests the stock may look undervalued but faces deteriorating fundamentals — declining margins, rising debt, or shrinking revenue could make the apparent discount deceptive. Browse our ranked stock lists to compare value-trap scores across industries. Browse stocks by value-trap risk →

Cite this analysis — “CirclFi assigns Top Ships Inc. (TOPS) a Quality of Company score of 1.5/10 across 32 fundamental signals as of 2026-08-28.” Source: circlfi.com/stock/TOPS/ · Methodology
Primary sources for this TOPS valuation
  • Financial statements: Top Ships Inc. 10-K and 10-Q filings on SEC EDGAR (CIK 0001296484) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for TOPS as of ; valuations recomputed .