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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Jeronimo Martins SGPS's retained earnings for the quarter that ended in Mar. 2026 was $3,298 Mil.
Jeronimo Martins SGPS's quarterly retained earnings
increased
from Sep. 2025 ($3,019 Mil) to Dec. 2025 ($3,201 Mil) and
increased
from Dec. 2025 ($3,201 Mil) to Mar. 2026 ($3,298 Mil).
Jeronimo Martins SGPS's annual retained earnings
increased
from Dec. 2023 ($2,484 Mil) to Dec. 2024 ($2,576 Mil) and
increased
from Dec. 2024 ($2,576 Mil) to Dec. 2025 ($3,201 Mil).
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.
Jeronimo Martins SGPS Retained Earnings Historical Data
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The historical data trend for Jeronimo Martins SGPS'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.
Jeronimo Martins SGPS (JRONY) has a Retained Earnings of $3,298 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Jeronimo Martins SGPS and its competitors.
Is Jeronimo Martins SGPS's Retained Earnings too high?
Jeronimo Martins SGPS's current Retained Earnings is $3,298 Mil. Overall, Jeronimo Martins SGPS has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jeronimo Martins SGPS's Retained Earnings compare to SYY and USFD?
Jeronimo Martins SGPS's Retained Earnings of $3,298 Mil can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good Retained Earnings depends on the Retail - Defensive 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 Jeronimo Martins SGPS and its competitors. Jeronimo Martins SGPS's current Retained Earnings is $3,298 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jeronimo Martins SGPS stock overvalued right now?
Based on GuruFocus' analysis, Jeronimo Martins SGPS (JRONY) is currently considered Modestly Undervalued. The stock's GF Value™ is $52.49, compared to a current price of $37.16 — trading 29.2% below its estimated fair value. The current Retained Earnings is $3,298 Mil. Jeronimo Martins SGPS's overall GF Score™ is 87/100 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 Jeronimo Martins SGPS (JRONY), the current Retained Earnings is $3,298 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 Jeronimo Martins SGPS (JRONY) Overvalued in 2026?
Based on GuruFocus' analysis, Jeronimo Martins SGPS stock appears to be undervalued.
The current stock price of $37.16 is trading 29.2% below its estimated GF Value™ of $52.49.
GuruFocus considers Jeronimo Martins SGPS to be Modestly Undervalued.
Key valuation signals for JRONY:
Retained Earnings: $3,298 Mil
GF Value™: $52.49 vs. price of $37.16 (29.2% below fair value)
No single metric tells the full story. See the JRONY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jeronimo Martins SGPS SA is engaged in food distribution business. It operates food retail business in Poland, Portugal, and Colombia. Its business areas include food distribution, Agribusiness, and Specialised retail. Its segments include Portugal Retail: comprises the business unit of JMR (Pingo Doce supermarkets); Portugal Cash & Carry: includes the business unit Recheio; Poland Retail: the business unit which operates under Biedronka banner in this country; Poland Health and Beauty: includes the Hebe banner business unit in Poland, also includes the operations of its subsidiaries in Czechia and Slovakia; Colombia Retail: the business unit which operates under Ara banner; and Others. It derives the majority of the revenue from Poland Retail business segment.
87GF Score
Get the complete analysis for JRONY
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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