PT TBS Energi Utama Tbk (ISX:TOBA) Retained Earnings: Rp1,667,000 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.

ISX:TOBA PT TBS Energi Utama Tbk ISX:TOBA
64 GF Score
Price Rp464.00
GF Value Rp316.93
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is PT TBS Energi Utama Tbk Retained Earnings?

PT TBS Energi Utama Tbk ISX:TOBA +9.95% 64 Retained Earnings is Rp1,667,000 Mil as of Mar. 2026. GuruFocus rates ISX:TOBA with a GF Score™ of 64/100 and a GF Value™ of Rp316.93 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. PT TBS Energi Utama Tbk's retained earnings for the quarter that ended in Mar. 2026 was Rp1,667,000 Mil.

PT TBS Energi Utama Tbk's quarterly retained earnings declined from Sep. 2025 (Rp2,355,636 Mil) to Dec. 2025 (Rp1,796,567 Mil) and declined from Dec. 2025 (Rp1,796,567 Mil) to Mar. 2026 (Rp1,667,000 Mil).

PT TBS Energi Utama Tbk's annual retained earnings increased from Dec. 2023 (Rp3,911,017 Mil) to Dec. 2024 (Rp4,495,834 Mil) but then declined from Dec. 2024 (Rp4,495,834 Mil) to Dec. 2025 (Rp1,796,567 Mil).


PT TBS Energi Utama Tbk  (ISX:TOBA) 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.


PT TBS Energi Utama Tbk Retained Earnings Historical Data

* Premium members only.

The historical data trend for PT TBS Energi Utama Tbk'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.

PT TBS Energi Utama Tbk Retained Earnings Chart

PT TBS Energi Utama Tbk 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 2,779,162.91 3,929,279.68 3,911,017.05 4,495,833.90 1,796,567.35

PT TBS Energi Utama Tbk 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 3,628,139.76 2,519,093.93 2,355,635.90 1,796,567.35 1,666,999.61
ISX:TOBA
64GF Score
PT TBS Energi Utama Tbk ISX:TOBA
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT TBS Energi Utama Tbk 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 Rp1,667,000 Mil mean?
PT TBS Energi Utama Tbk (ISX:TOBA) has a Retained Earnings of Rp1,667,000 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on PT TBS Energi Utama Tbk and its competitors.
Is PT TBS Energi Utama Tbk's Retained Earnings too high?
PT TBS Energi Utama Tbk's current Retained Earnings is Rp1,667,000 Mil. Overall, PT TBS Energi Utama Tbk has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT TBS Energi Utama Tbk's Retained Earnings compare to competitors?
PT TBS Energi Utama Tbk's Retained Earnings of Rp1,667,000 Mil can be compared against companies in the Other Energy Sources 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 Other Energy Sources company?
A good Retained Earnings depends on the Other Energy Sources 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 PT TBS Energi Utama Tbk and its competitors. PT TBS Energi Utama Tbk's current Retained Earnings is Rp1,667,000 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT TBS Energi Utama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT TBS Energi Utama Tbk (ISX:TOBA) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp316.93, compared to a current price of Rp464.00 — trading 46.4% above its estimated fair value. The current Retained Earnings is Rp1,667,000 Mil. PT TBS Energi Utama Tbk's overall GF Score™ is 64/100 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 PT TBS Energi Utama Tbk (ISX:TOBA), the current Retained Earnings is Rp1,667,000 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 PT TBS Energi Utama Tbk (ISX:TOBA) Overvalued in 2026?

Based on GuruFocus' analysis, PT TBS Energi Utama Tbk stock appears to be overvalued. The current stock price of Rp464.00 is trading 46.4% above its estimated GF Value™ of Rp316.93. GuruFocus considers PT TBS Energi Utama Tbk to be Significantly Overvalued.

Key valuation signals for ISX:TOBA:

  • Retained Earnings: Rp1,667,000 Mil
  • GF Value™: Rp316.93 vs. price of Rp464.00 (46.4% above fair value)
  • GF Score™: 64/100 with 6 warning signs

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


PT TBS Energi Utama Tbk Business Description

Other Exchanges 6AU:Germany
Address Jalan Jend Sudirman Kav. 52-53, Treasury Tower, Level 33, Office District 8, SCBD Lot 28, Jakarta, IDN, 12190
PT TBS Energi Utama Tbk is an integrated energy company operating in Indonesia and Singapore. The company has a diversified business portfolio that includes waste management, renewable energy, and electric vehicles. It is involved in activities aimed at lowering carbon emissions and developing low-carbon energy solutions. The company operates across various locations such as Gorontalo, East Kalimantan, Batam, Lampung, and Central Java. The Group operating segments are coal mining, coal trading, IPP, waste management and others. It derives maximum revenue from Waste Management segment. Geographically, the group operates Overseas as well as Domestic. It generates majority revenue from Overseas.
64GF Score

Get the complete analysis for ISX:TOBA

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

Rp464.00
Price
Rp316.93
GF Value