Retained earnings is the accumulated portion of net income that is not distributed to shareholders. GM Leather SpA's retained earnings for the quarter that ended in Dec. 2025 was €0.02 Mil.
GM Leather SpA's quarterly retained earnings
declined
from Dec. 2024 (€0.33 Mil) to Jun. 2025 (€0.21 Mil) and
declined
from Jun. 2025 (€0.21 Mil) to Dec. 2025 (€0.02 Mil).
GM Leather SpA's annual retained earnings
declined
from Dec. 2023 (€2.04 Mil) to Dec. 2024 (€0.33 Mil) and
declined
from Dec. 2024 (€0.33 Mil) to Dec. 2025 (€0.02 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.
GM Leather SpA Retained Earnings Historical Data
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The historical data trend for GM Leather SpA'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.
GM Leather SpA (MIL:GML) has a Retained Earnings of €0.02 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on GM Leather SpA and its competitors.
Is GM Leather SpA's Retained Earnings too high?
GM Leather SpA's current Retained Earnings is €0.02 Mil. Overall, GM Leather SpA has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does GM Leather SpA's Retained Earnings compare to AIN?
GM Leather SpA's Retained Earnings of €0.02 Mil can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Retained Earnings depends on the Manufacturing - Apparel & Accessories 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 GM Leather SpA and its competitors. GM Leather SpA's current Retained Earnings is €0.02 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GM Leather SpA stock overvalued right now?
Based on GuruFocus' analysis, GM Leather SpA (MIL:GML) is currently considered Possible Value Trap. The stock's GF Value™ is €1.20, compared to a current price of €0.76 — trading 37.1% below its estimated fair value. The current Retained Earnings is €0.02 Mil. GM Leather SpA's overall GF Score™ is 62/100 with 9 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 GM Leather SpA (MIL:GML), the current Retained Earnings is €0.02 Mil as of Dec. 2025. 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 GM Leather SpA (MIL:GML) Overvalued in 2026?
Based on GuruFocus' analysis, GM Leather SpA stock appears to be undervalued.
The current stock price of €0.76 is trading 37.1% below its estimated GF Value™ of €1.20.
GuruFocus considers GM Leather SpA to be Possible Value Trap.
Key valuation signals for MIL:GML:
Retained Earnings: €0.02 Mil
GF Value™: €1.20 vs. price of €0.76 (37.1% below fair value)
No single metric tells the full story. See the MIL:GML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GM Leather SpA engages in the treatment, processing, and marketing of bovine leather. Its products are predominantly intended for the furniture, leather goods, and footwear industries. Geographically, the company derives its maximum revenue from non-EU countries followed by Italy and EU countries.
62GF Score
Get the complete analysis for MIL:GML
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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