Merit Turizm Yatirim ve Isletme AS (IST:MERIT) Retained Earnings: ₺7,734.1 Mil (As of Mar. 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.

IST:MERIT Merit Turizm Yatirim ve Isletme AS IST:MERIT
79 GF Score
Price ₺16.28
GF Value ₺22.35
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Merit Turizm Yatirim ve Isletme AS Retained Earnings?

Merit Turizm Yatirim ve Isletme AS IST:MERIT -1.63% 79 Retained Earnings is ₺7,734.1 Mil as of Mar. 2026. GuruFocus rates IST:MERIT with a GF Score™ of 79/100 and a GF Value™ of ₺22.35 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Merit Turizm Yatirim ve Isletme AS's retained earnings for the quarter that ended in Mar. 2026 was ₺7,734.1 Mil.

Merit Turizm Yatirim ve Isletme AS's quarterly retained earnings increased from Sep. 2025 (₺6,530.8 Mil) to Dec. 2025 (₺7,003.0 Mil) and increased from Dec. 2025 (₺7,003.0 Mil) to Mar. 2026 (₺7,734.1 Mil).

Merit Turizm Yatirim ve Isletme AS's annual retained earnings increased from Dec. 2023 (₺121.7 Mil) to Dec. 2024 (₺4,983.3 Mil) and increased from Dec. 2024 (₺4,983.3 Mil) to Dec. 2025 (₺7,003.0 Mil).


Merit Turizm Yatirim ve Isletme AS  (IST:MERIT) 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.


Merit Turizm Yatirim ve Isletme AS Retained Earnings Historical Data

* Premium members only.

The historical data trend for Merit Turizm Yatirim ve Isletme AS'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.

Merit Turizm Yatirim ve Isletme AS Retained Earnings Chart

Merit Turizm Yatirim ve Isletme AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.51 129.59 121.66 4,983.27 7,003.02

Merit Turizm Yatirim ve Isletme AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 4,207.91 4,501.25 6,530.81 7,003.02 7,734.11
IST:MERIT
79GF Score
Merit Turizm Yatirim ve Isletme AS IST:MERIT
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Merit Turizm Yatirim ve Isletme AS 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 ₺7,734.1 Mil mean?
Merit Turizm Yatirim ve Isletme AS (IST:MERIT) has a Retained Earnings of ₺7,734.1 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Merit Turizm Yatirim ve Isletme AS and its competitors.
Is Merit Turizm Yatirim ve Isletme AS's Retained Earnings too high?
Merit Turizm Yatirim ve Isletme AS's current Retained Earnings is ₺7,734.1 Mil. Overall, Merit Turizm Yatirim ve Isletme AS has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Merit Turizm Yatirim ve Isletme AS's Retained Earnings compare to LVS and MGM?
Merit Turizm Yatirim ve Isletme AS's Retained Earnings of ₺7,734.1 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Retained Earnings depends on the Travel & Leisure 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 Merit Turizm Yatirim ve Isletme AS and its competitors. Merit Turizm Yatirim ve Isletme AS's current Retained Earnings is ₺7,734.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merit Turizm Yatirim ve Isletme AS stock overvalued right now?
Based on GuruFocus' analysis, Merit Turizm Yatirim ve Isletme AS (IST:MERIT) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺22.35, compared to a current price of ₺16.28 — trading 27.2% below its estimated fair value. The current Retained Earnings is ₺7,734.1 Mil. Merit Turizm Yatirim ve Isletme AS's overall GF Score™ is 79/100 with 4 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 Merit Turizm Yatirim ve Isletme AS (IST:MERIT), the current Retained Earnings is ₺7,734.1 Mil as of Mar. 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 Merit Turizm Yatirim ve Isletme AS (IST:MERIT) Overvalued in 2026?

Based on GuruFocus' analysis, Merit Turizm Yatirim ve Isletme AS stock appears to be undervalued. The current stock price of ₺16.28 is trading 27.2% below its estimated GF Value™ of ₺22.35. GuruFocus considers Merit Turizm Yatirim ve Isletme AS to be Modestly Undervalued.

Key valuation signals for IST:MERIT:

  • Retained Earnings: ₺7,734.1 Mil
  • GF Value™: ₺22.35 vs. price of ₺16.28 (27.2% below fair value)
  • GF Score™: 79/100 with 4 warning signs

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


Merit Turizm Yatirim ve Isletme AS Business Description

Address Etiler, Street No. 9, Besiktas, Istanbul, TUR, 34337
Merit Turizm Yatirim ve Isletme AS is a hotel management company. It owns and operates the Merit Royal hotel and casino, Merit Crystal Cove hotel and casino, The Merit Park hotel and Casino, The Merit Lefkosa andThe Merit Cyprus Gardens.
79GF Score

Get the complete analysis for IST:MERIT

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

₺16.28
Price
₺22.35
GF Value