Top Glove Corporation Bhd. (TGLVY) Stock Analysis
Educational signal · not a buy or sell recommendation · How to read this
P/E 27.80 means the share price is 27.80 times one year of earnings per share; the S&P 500 usually sits near 20-25. Market cap $1.24B is the value of all shares combined. Beta 0.70: the stock has moved about 30% less than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 18, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerTop Glove Corporation Bhd. (TGLVY) trades at $0.6209. Top Glove Corporation Bhd. is a Malaysian company and the world's largest manufacturer of gloves, exporting to 195 countries. Market cap: $1.24B, Sector: Healthcare.
Price as of Sep 11, 2026 · Last analyzed: Mar 18, 2026Analyst Coverage for TGLVY: TGLVY does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates TGLVY against Healthcare peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
No score published: this stock trades under $10,000 on a typical day, so the price beside it is not one you could reliably act on.
TGLVY: 2/2 scored disciplines lean bullish. Dominant signal: Izzy Englander bullish.
How is this calculated? →AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Top Glove Corporation Bhd. (TGLVY) Healthcare & Pipeline Overview
Top Glove Corporation Bhd., based in Malaysia, is the world's largest glove manufacturer, offering a wide range of medical and industrial gloves, healthcare products, and services. The company exports globally and diversifies into related sectors like healthcare services and renewable energy.
What Is the Investment Thesis for TGLVY?
Top Glove Corporation Bhd. presents a mixed investment thesis. The company's dominant market share in the global glove industry provides a strong foundation, with a gross margin of 51.3%. However, the P/E ratio of 27.80 suggests a premium valuation. Growth catalysts include expanding healthcare services and renewable energy initiatives. The dividend yield of 0.81% offers a modest return. Key risks include fluctuating raw material prices (latex and nitrile), increased competition from other glove manufacturers, and potential regulatory changes in the healthcare sector. Investors should carefully weigh these factors, considering the company's beta of 0.70, indicating lower volatility compared to the overall market.
Based on FMP financials and quantitative analysis
TGLVY Key Highlights
Top Glove is the world's largest glove manufacturer, indicating a dominant market position.
- The company exports to 195 countries, demonstrating a strong global presence.
- Gross margin of 51.3% reflects efficient operations and pricing power.
- P/E ratio of 27.80 suggests a premium valuation compared to some peers.
- Dividend yield of 0.81% provides a modest income stream for investors.
Who Are TGLVY's Competitors?
TGLVY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| BIOGY BioGaia AB (publ) | $12.45 | 0.00% | $1.26B | — |
| CRWRF Craneware plc | $18.00 | 0.00% | $616M | — |
| MRCHF H.U. Group Holdings, Inc. | $22.20 | +0.91% | $1.23B | — |
| NNCSF Nanosonics Limited | $1.93 | +7.25% | $577M | — |
| NWKHY Netcare Limited | $11.45 | 0.00% | $1.35B | — |
| STAA STAAR Surgical Company | $23.42 | -0.85% | $1.17B | 395-pillar |
| KMTS Kestra Medical Technologies, Ltd. | $22.72 | -3.61% | $1.33B | — |
| AZTA Azenta, Inc. | $30.18 | +0.10% | $1.39B | 675-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are TGLVY's Key Strengths?
World's largest glove manufacturer.
- Extensive global distribution network.
- Diversified product portfolio.
- Integrated operations for cost control.
What Are TGLVY's Weaknesses?
Vulnerability to raw material price fluctuations.
- Dependence on a single industry (healthcare).
- Potential for overcapacity in the glove market.
- Exposure to regulatory changes in different countries.
What Could Drive TGLVY Stock Higher?
Expansion of production capacity to meet growing global demand for gloves.
- Diversification into related healthcare products and services.
- Potential new contracts with major healthcare providers.
- Investments in automation and efficiency improvements to reduce costs.
What Are the Key Risks for TGLVY?
Inconsistent delivery — missed Wall Street EPS estimates in 6 of the last 8 reported quarters.
- Rich valuation — a P/E of 27.80 runs well above the Healthcare sector’s ~21.50x, leaving little room for a miss.
- Fluctuations in raw material prices (latex and nitrile).
- Increased competition from other glove manufacturers.
- Regulatory changes in the healthcare sector.
- Economic downturns affecting healthcare spending.
- Currency exchange rate fluctuations.
What Are the Growth Opportunities for TGLVY?
- Expansion of Healthcare Services: Top Glove is expanding into clinical and specialist medical services, presenting a significant growth opportunity. By leveraging its existing infrastructure and brand reputation, Top Glove can capture a share of this market, diversifying its revenue streams and enhancing its overall profitability. Timeline: Ongoing, with continued investment in new facilities and services.
- Renewable Energy Initiatives: The company's investment in biomass energy generation offers a sustainable growth avenue. The global renewable energy market is experiencing rapid expansion, driven by environmental concerns and government incentives. Top Glove's biomass energy plants can reduce its carbon footprint, lower energy costs, and potentially generate revenue by selling excess electricity to the grid. Timeline: Ongoing, with potential for further expansion.
- E-commerce Platform for Healthcare Products: Top Glove's e-commerce platform for glove trading and other healthcare products provides a direct-to-consumer channel, bypassing traditional distribution networks. The global e-commerce market is experiencing exponential growth, with healthcare products representing a significant segment. By offering a convenient and accessible online platform, Top Glove can expand its customer base and increase sales. Timeline: Ongoing, with continuous platform enhancements and marketing efforts.
- Geographic Expansion in Emerging Markets: While already exporting to 195 countries, deeper penetration into emerging markets like Africa and South America presents a significant growth opportunity. These regions have growing healthcare needs and increasing awareness of hygiene practices, driving demand for gloves and other healthcare products. Top Glove can leverage its competitive pricing and established distribution network to gain market share. Timeline: Medium-term, requiring strategic partnerships and localized marketing efforts.
- Product Innovation and Diversification: Continuous innovation in glove technology and diversification into related healthcare products are crucial for sustained growth. This includes developing specialized gloves for specific applications, such as surgical gloves with enhanced grip or industrial gloves with improved chemical resistance. Diversifying into other healthcare products, such as wound care and infection control products, can further expand the company's market reach. Timeline: Ongoing, with dedicated research and development efforts.
What Are TGLVY's Competitive Advantages?
- Scale: Top Glove is the world's largest glove manufacturer, providing significant economies of scale.
- Global Distribution Network: The company exports to 195 countries, demonstrating a strong global reach.
- Diversified Product Portfolio: Top Glove offers a wide range of gloves and related products, catering to diverse customer needs.
- Integrated Operations: The company controls its supply chain, from latex production to glove manufacturing, providing cost advantages.
What Does TGLVY Do?
Founded in 1991 and headquartered in Shah Alam, Malaysia, Top Glove Corporation Bhd. has grown to become the world's largest manufacturer of gloves. Initially focused on latex gloves, the company has expanded its product portfolio to include medical examination, surgical, vinyl, and nitrile gloves, catering to diverse industries and applications. Beyond gloves, Top Glove offers a range of related products and services, including concentrate and synthetic latex, formers, chemicals, rubber dental dams, exercise bands, condoms, packaging materials, disposable face masks, and rubber glove machinery. The company also provides property investment, consultancy services, electrical engineering works, clinical and specialist medical services, and even generates energy using biomass technology. Top Glove exports its products to 195 countries worldwide, solidifying its global presence and market leadership in the glove manufacturing industry. The company also engages in healthcare-related products trading, medical device distribution, and e-commerce services for gloves and healthcare products.
What Products and Services Does TGLVY Offer?
- Manufactures and distributes a wide range of gloves, including medical examination, surgical, vinyl, and nitrile gloves.
- Produces concentrate and synthetic latex used in glove manufacturing.
- Offers formers, chemicals, and chemical compounds for glove production.
- Manufactures rubber-related products such as dental dams, exercise bands, and condoms.
- Provides packaging materials, boxes, and cartons for its products.
- Produces disposable and medical face masks.
- Engages in property investment and consultancy services.
- Generates and supplies energy and electricity using biomass technology.
How Does TGLVY Make Money?
- Manufacturing and selling gloves to healthcare, industrial, and food processing industries.
- Providing related products and services, such as latex, chemicals, and packaging materials.
- Generating revenue from property investment and consultancy services.
- Generating and selling electricity through biomass energy plants.
What Industry Does TGLVY Operate In?
Top Glove operates within the medical instruments and supplies industry, a sector driven by healthcare spending, hygiene awareness, and regulatory standards. The global glove market is experiencing steady growth, fueled by increased demand from healthcare, food processing, and industrial sectors. Competition is intense, with players like BIOGY, CRWRF, MRCHF, NNCSF, and NWKHY vying for market share. Top Glove's scale and diversified product portfolio provide a competitive edge, but the company must navigate raw material price fluctuations and evolving customer preferences to maintain its leadership position.
Who Are TGLVY's Key Customers?
- Hospitals and healthcare providers.
- Industrial companies requiring protective gloves.
- Food processing companies.
- Consumers purchasing gloves for personal use.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● Latest filing 103 days ago
- ● No analyst coverage
- ● Reported in MYR, converted to USD
Earnings Track Record
Top Glove Corporation Bhd. has missed Wall Street's EPS estimate in 6 of its last 8 reported quarters — a mixed record worth weighing. Reported results have landed about 1.1% below estimates on average.
Financial Health
Top Glove Corporation Bhd.'s Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 3.59 places it in the safe zone, indicating low near-term bankruptcy risk.
Key Financial Metrics
Return on equity for Top Glove Corporation Bhd. stands at 4.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 2.9%, showing how much profit it generates from its asset base. TGLVY trades at a trailing price-to-earnings ratio of 27.80, above the Healthcare sector average of ~21.50x. Its free cash flow yield is 7.5%, a gauge of the cash the business throws off relative to its market value. A current ratio of 2.51 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 3.6%, the inverse of the P/E and a quick read on earnings relative to price.
Top Glove Corporation Bhd. (TGLVY) Valuation Context
Valued at $1.24B, TGLVY is classified as a small-cap stock.
TGLVY Revenue & Earnings Trend
In Q3 FY2026, TGLVY generated $268.6M in top-line revenue, marking a sequential increase of 9.0%. The company recorded net income of $19.9M, with diluted EPS of $0.01. Revenue has increased across the last three reported quarters, suggesting sustained momentum for this small-cap Healthcare company. Across the four most recent quarters, TGLVY averaged $0.01 in diluted EPS.
Company Profile
Top Glove Corporation Bhd. operates in the Medical - Instruments & Supplies industry within the Healthcare sector. It is headquartered in Shah Alam, MY. The company is led by CEO Wee Chai Lim. TGLVY has traded publicly since 2012.
TGLVY Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- World's largest glove manufacturer.
- Extensive global distribution network.
- Diversified product portfolio.
- Integrated operations for cost control.
Bear Case
- Vulnerability to raw material price fluctuations.
- Dependence on a single industry (healthcare).
- Potential for overcapacity in the glove market.
- Exposure to regulatory changes in different countries.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 FY2026 | $269M | $20M | $0.01 |
| Q2 FY2026 | $247M | $7M | $0.0036 |
| Q1 FY2026 | $217M | $9M | $0.0047 |
| Q4 FY2025 | $218M | $9M | $0.0047 |
Q3 FY2026 · filed 31 May 2026 · Financial Modeling Prep
Based on FMP financials and quantitative analysis · Converted to USD from MYR at today's rate
TGLVY Latest News
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Top Glove Corporation Bhd (KLSE:TOPGLOV) investors are sitting on a loss of 89% if they invested five years ago
Yahoo! Finance: TGLVY News · Feb 10, 2026
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At RM0.64, Is Top Glove Corporation Bhd. (KLSE:TOPGLOV) Worth Looking At Closely?
Yahoo! Finance: TGLVY News · Jan 7, 2026
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Top Glove Corporation Bhd's (KLSE:TOPGLOV) Earnings Are Of Questionable Quality
Yahoo! Finance: TGLVY News · Dec 16, 2025
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Calculating The Fair Value Of Top Glove Corporation Bhd. (KLSE:TOPGLOV)
Yahoo! Finance: TGLVY News · Dec 7, 2025
TGLVY Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for TGLVY.
Price Targets
Wall Street price target analysis for TGLVY.
TGLVY MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for TGLVY; grades run from A+ (80-100) to F (below 30).
Latest News
Top Glove Corporation Bhd (KLSE:TOPGLOV) investors are sitting on a loss of 89% if they invested five years ago
At RM0.64, Is Top Glove Corporation Bhd. (KLSE:TOPGLOV) Worth Looking At Closely?
Top Glove Corporation Bhd's (KLSE:TOPGLOV) Earnings Are Of Questionable Quality
Calculating The Fair Value Of Top Glove Corporation Bhd. (KLSE:TOPGLOV)
Leadership: Wee Chai Lim
Chairman and Founder
Wee Chai Lim is the Chairman and Founder of Top Glove Corporation Bhd. He established the company in 1991 and has since led its growth to become the world's largest glove manufacturer. His background includes extensive experience in manufacturing and business management. He is recognized for his entrepreneurial vision and strategic leadership in the healthcare industry. Wee Chai Lim oversees the management of 11,000 employees.
Track Record: Under Wee Chai Lim's leadership, Top Glove has achieved significant milestones, including expanding its production capacity, diversifying its product portfolio, and establishing a global distribution network. He has successfully navigated the company through various economic cycles and industry challenges, solidifying its position as a market leader. His focus on innovation and efficiency has driven Top Glove's growth and profitability.
Top Glove Corporation Bhd. ADR Information Unsponsored
An American Depositary Receipt (ADR) is a certificate representing shares of a foreign company trading on U.S. stock exchanges. TGLVY is a Level 1 ADR, meaning it trades over-the-counter (OTC) rather than on a major exchange like the NYSE or NASDAQ. This allows U.S. investors to invest in Top Glove Corporation Bhd. relatively easily.
- Home Market Ticker: Bursa Malaysia (TGLV)
- ADR Level: 1
- ADR Ratio: 1:1
- Home Market Ticker: TGLV
TGLVY OTC Market Information
The OTC Other tier represents the lowest tier of the over-the-counter (OTC) market. Companies in this tier often have limited financial disclosure and may not meet the listing requirements of major exchanges like the NYSE or NASDAQ. Investing in OTC Other stocks carries higher risks compared to stocks listed on regulated exchanges due to the potential for fraud, lack of transparency, and limited liquidity.
- OTC Tier: OTC Other
- Limited financial disclosure increases the risk of investing in TGLVY.
- Low trading volume and wide bid-ask spread can make it difficult to buy or sell the stock.
- Potential for fraud or manipulation in the OTC market.
- Lack of regulatory oversight compared to major exchanges.
- Higher volatility due to limited liquidity and information.
- Verify the company's registration and legal status.
- Review the company's website and available financial information.
- Assess the company's management team and track record.
- Understand the company's business model and competitive landscape.
- Evaluate the risks associated with investing in OTC stocks.
- Consult with a financial advisor before investing.
- Monitor the company's news and announcements for any red flags.
- Top Glove is the world's largest glove manufacturer, indicating a strong market position.
- The company exports to 195 countries, demonstrating a global presence.
- Top Glove has been in operation since 1991, suggesting a degree of stability.
- The company has a large number of employees (11,000), indicating a significant scale of operations.
TGLVY Healthcare Stock FAQ
Is TGLVY a good stock?
Stock Expert AI does not rate TGLVY buy, sell or hold. Top Glove Corporation Bhd. has no MoonshotScore yet; read the financial checkup, analyst consensus and risks directly. Whether it fits is your call: check what it sells, whether it earns, what the price assumes, and what would prove you wrong.
What do analysts say about TGLVY stock?
Analyst coverage of TGLVY is limited due to its OTC listing and ADR Level 1 status. However, general sentiment reflects the company's strong market position and growth potential in the glove industry.
What are the key factors to evaluate for TGLVY?
Evaluate TGLVY on fundamentals, analyst consensus, and risk factors. P/E: 27.80x vs the S&P 500's ~20-25x. Top Glove Corporation Bhd. Not financial advice.
How frequently does TGLVY data refresh on this page?
TGLVY's price was last updated on Sep 11, 2026 and refreshes on page view during U.S. market hours; the quote is a provider snapshot, not an exchange feed. Fundamentals follow quarterly filings. V2 calculations are scheduled daily at 10:15 UTC; the score's own date shows its last successful run.
What has driven TGLVY's recent stock price performance?
Top Glove Corporation Bhd. (TGLVY) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: World's largest glove manufacturer. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider TGLVY overvalued or undervalued right now?
Top Glove Corporation Bhd. (TGLVY) trades at 27.80x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Can I buy fractional shares of TGLVY?
Yes, most major brokerages offer fractional shares of Top Glove Corporation Bhd. (TGLVY) with no minimum purchase requirement. This means you can invest any dollar amount regardless of the share price. Check your brokerage platform for specific terms, fees, and fractional share availability.
How can I track TGLVY's earnings and financial reports?
Top Glove Corporation Bhd. (TGLVY) reports quarterly earnings approximately 4-6 weeks after each fiscal quarter ends. You can track earnings dates, revenue and EPS estimates, and actual results on this page's Financials tab. Earnings surprises (beats or misses) often cause significant short-term price moves. Your brokerage can send alerts for TGLVY earnings announcements.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- Information is based on available sources and may be subject to change.
- OTC market data may be limited and less reliable than data from major exchanges.