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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Smiths Group's retained earnings for the quarter that ended in Jan. 2026 was £808 Mil.
Smiths Group's quarterly retained earnings
declined
from Jan. 2025 (£1,313 Mil) to Jul. 2025 (£1,147 Mil) and
declined
from Jul. 2025 (£1,147 Mil) to Jan. 2026 (£808 Mil).
Smiths Group's annual retained earnings
declined
from Jul. 2023 (£1,431 Mil) to Jul. 2024 (£1,306 Mil) and
declined
from Jul. 2024 (£1,306 Mil) to Jul. 2025 (£1,147 Mil).
Smiths Group (CHIX:SMINl) 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.
Smiths Group Retained Earnings Historical Data
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The historical data trend for Smiths Group'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.
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.
Smiths Group (CHIX:SMINL) has a Retained Earnings of £808 Mil as of Jan. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Smiths Group and its competitors.
Is Smiths Group's Retained Earnings too high?
Smiths Group's current Retained Earnings is £808 Mil. Overall, Smiths Group has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Smiths Group's Retained Earnings compare to GEV and ETN?
Smiths Group's Retained Earnings of £808 Mil can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Retained Earnings depends on the Industrial Products 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 Smiths Group and its competitors. Smiths Group's current Retained Earnings is £808 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smiths Group stock overvalued right now?
Based on GuruFocus' analysis, Smiths Group (CHIX:SMINL) is currently considered Significantly Overvalued. The stock's GF Value™ is £20.11, compared to a current price of £26.51 — trading 31.8% above its estimated fair value. The current Retained Earnings is £808 Mil. Smiths Group's overall GF Score™ is 79/100 with 6 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 Smiths Group (CHIX:SMINL), the current Retained Earnings is £808 Mil as of Jan. 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 Smiths Group (CHIX:SMINL) Overvalued in 2026?
Based on GuruFocus' analysis, Smiths Group stock appears to be overvalued.
The current stock price of £26.51 is trading 31.8% above its estimated GF Value™ of £20.11.
GuruFocus considers Smiths Group to be Significantly Overvalued.
Key valuation signals for CHIX:SMINL:
Retained Earnings: £808 Mil
GF Value™: £20.11 vs. price of £26.51 (31.8% above fair value)
No single metric tells the full story. See the CHIX:SMINL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smiths Group is a UK-based industrial technology company focused on engineered solutions for fluid and energy management, following the agreed divestments of its Detection and Interconnect divisions. Its two core businesses—John Crane and Flex-Tek - serve critical infrastructure, energy, aerospace, HVAC, and industrial markets. John Crane supplies mechanical seals, filtration systems, and condition-monitoring technologies used in rotating equipment, with a high-margin, recurring aftermarket business. Flex-Tek provides specialized tubing, heating components, and ducting systems primarily for US HVAC and aerospace OEMs.
79GF Score
Get the complete analysis for CHIX:SMINL
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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