TBN PCL (BKK:TBN) Retained Earnings: ฿13.5 Mil (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:TBN TBN Corp PCL BKK:TBN
76 GF Score
Price ฿3.40
GF Value ฿5.86
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is TBN PCL Retained Earnings?

TBN PCL BKK:TBN -1.16% 76 Retained Earnings is ฿13.5 Mil as of Jun. 2026. GuruFocus rates BKK:TBN with a GF Score™ of 76/100 and a GF Value™ of ฿5.86 (Significantly Undervalued). The stock has 5 warning signs investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. TBN PCL's retained earnings for the quarter that ended in Jun. 2026 was ฿13.5 Mil.

TBN PCL's quarterly retained earnings declined from Dec. 2025 (฿53.5 Mil) to Mar. 2026 (฿47.6 Mil) and declined from Mar. 2026 (฿47.6 Mil) to Jun. 2026 (฿13.5 Mil).

TBN PCL's annual retained earnings increased from Dec. 2023 (฿48.3 Mil) to Dec. 2024 (฿54.9 Mil) but then declined from Dec. 2024 (฿54.9 Mil) to Dec. 2025 (฿53.5 Mil).


TBN PCL  (BKK:TBN) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


TBN PCL Retained Earnings Historical Data

* Premium members only.

The historical data trend for TBN PCL's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

TBN PCL Retained Earnings Chart

TBN PCL Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Retained Earnings
Get a 7-Day Free Trial 42.23 31.04 48.26 54.89 53.53

TBN PCL Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 45.81 49.98 53.53 47.62 13.46
BKK:TBN
76GF Score
TBN Corp PCL BKK:TBN
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TBN PCL Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of ฿13.5 Mil mean?
TBN PCL (BKK:TBN) has a Retained Earnings of ฿13.5 Mil as of Jun. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on TBN PCL and its competitors.
Is TBN PCL's Retained Earnings too high?
TBN PCL's current Retained Earnings is ฿13.5 Mil. Overall, TBN PCL has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TBN PCL's Retained Earnings compare to QH and SHOP?
TBN PCL's Retained Earnings of ฿13.5 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Software company?
A good Retained Earnings depends on the Software industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on TBN PCL and its competitors. TBN PCL's current Retained Earnings is ฿13.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TBN PCL stock overvalued right now?
Based on GuruFocus' analysis, TBN PCL (BKK:TBN) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿5.86, compared to a current price of ฿3.40 — trading 42% below its estimated fair value. The current Retained Earnings is ฿13.5 Mil. TBN PCL's overall GF Score™ is 76/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For TBN PCL (BKK:TBN), the current Retained Earnings is ฿13.5 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is TBN PCL (BKK:TBN) Overvalued in 2026?

Based on GuruFocus' analysis, TBN PCL stock appears to be undervalued. The current stock price of ฿3.40 is trading 42% below its estimated GF Value™ of ฿5.86. GuruFocus considers TBN PCL to be Significantly Undervalued.

Key valuation signals for BKK:TBN:

  • Retained Earnings: ฿13.5 Mil
  • GF Value™: ฿5.86 vs. price of ฿3.40 (42% below fair value)
  • GF Score™: 76/100 with 5 warning signs

No single metric tells the full story. See the BKK:TBN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TBN PCL Business Description

Address Sukhumvit 21 (Asoke) Road, Floor. 15, Room No. 1501-1502, 54 Bangkok Business Building, Klong Toey Nua, Wattana, Bangkok, THA, 10110
TBN Corp PCL is Thailand's first low-code solutions provider. The company is engaged in the business of sales and development of software, including consultation on software development. The Company's segments include Digital solutions and technical consultancy services and technical maintenance, licensing, and cloud services, and Other. It offers a range of digital system design and development services, is a digital transformation consultant and solutions developer based on customer needs.
76GF Score

Get the complete analysis for BKK:TBN

Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿3.40
Price
฿5.86
GF Value