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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. NORMA Group SE's retained earnings for the quarter that ended in Mar. 2026 was €662.3 Mil.
NORMA Group SE's quarterly retained earnings
declined
from Sep. 2025 (€374.7 Mil) to Dec. 2025 (€352.0 Mil) but then
increased
from Dec. 2025 (€352.0 Mil) to Mar. 2026 (€662.3 Mil).
NORMA Group SE's annual retained earnings
increased
from Dec. 2023 (€445.3 Mil) to Dec. 2024 (€445.6 Mil) but then
declined
from Dec. 2024 (€445.6 Mil) to Dec. 2025 (€352.0 Mil).
NORMA Group SE (LTS:0P38) 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.
NORMA Group SE Retained Earnings Historical Data
* Premium members only.
The historical data trend for NORMA Group SE'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.
NORMA Group SE (LTS:0P38) has a Retained Earnings of €662.3 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on NORMA Group SE and its competitors.
Is NORMA Group SE's Retained Earnings too high?
NORMA Group SE's current Retained Earnings is €662.3 Mil. Overall, NORMA Group SE has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NORMA Group SE's Retained Earnings compare to CRS and ATI?
NORMA Group SE's Retained Earnings of €662.3 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 NORMA Group SE and its competitors. NORMA Group SE's current Retained Earnings is €662.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NORMA Group SE stock overvalued right now?
Based on GuruFocus' analysis, NORMA Group SE (LTS:0P38) is currently considered Significantly Overvalued. The stock's GF Value™ is €12.41, compared to a current price of €18.48 — trading 48.9% above its estimated fair value. The current Retained Earnings is €662.3 Mil. NORMA Group SE's overall GF Score™ is 66/100 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 NORMA Group SE (LTS:0P38), the current Retained Earnings is €662.3 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 NORMA Group SE (LTS:0P38) Overvalued in 2026?
Based on GuruFocus' analysis, NORMA Group SE stock appears to be overvalued.
The current stock price of €18.48 is trading 48.9% above its estimated GF Value™ of €12.41.
GuruFocus considers NORMA Group SE to be Significantly Overvalued.
Key valuation signals for LTS:0P38:
Retained Earnings: €662.3 Mil
GF Value™: €12.41 vs. price of €18.48 (48.9% above fair value)
No single metric tells the full story. See the LTS:0P38 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NORMA Group SE manufactures a wide range of joining technology solutions. Its product offerings include hose clamps, heavy-duty clamps, ear clips, cable ties, pipe couplings, plast connectors, etc. The products are used in various industries and can be found in vehicles, household appliances, engines, plumbing systems, and medical fields. The company's operations are managed in three regional reportable segments: EMEA (Europe, Middle East, Africa), the Americas (North, Central, and South America), and Asia-Pacific (East Asia, Southeast Asia, Australia, and Oceania). The majority of its revenue is generated from the EMEA region.
66GF Score
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Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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