Retained earnings is the accumulated portion of net income that is not distributed to shareholders. VNE SpA's retained earnings for the quarter that ended in Dec. 2025 was €0.88 Mil.
VNE SpA's quarterly retained earnings
increased
from Dec. 2024 (€0.52 Mil) to Jun. 2025 (€0.66 Mil) and
increased
from Jun. 2025 (€0.66 Mil) to Dec. 2025 (€0.88 Mil).
VNE SpA's annual retained earnings
increased
from Dec. 2023 (€-1.08 Mil) to Dec. 2024 (€0.52 Mil) and
increased
from Dec. 2024 (€0.52 Mil) to Dec. 2025 (€0.88 Mil).
VNE SpA (MIL:VNE) 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.
VNE SpA Retained Earnings Historical Data
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The historical data trend for VNE 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.
VNE SpA (MIL:VNE) has a Retained Earnings of €0.88 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on VNE SpA and its competitors.
Is VNE SpA's Retained Earnings too high?
VNE SpA's current Retained Earnings is €0.88 Mil. Overall, VNE SpA has a GF Score™ of 32/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does VNE SpA's Retained Earnings compare to GEV and ETN?
VNE SpA's Retained Earnings of €0.88 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 VNE SpA and its competitors. VNE SpA's current Retained Earnings is €0.88 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VNE SpA stock overvalued right now?
Based on GuruFocus' analysis, VNE SpA (MIL:VNE) is currently considered Possible Value Trap. The stock's GF Value™ is €3.72, compared to a current price of €2.26 — trading 39.2% below its estimated fair value. The current Retained Earnings is €0.88 Mil. VNE SpA's overall GF Score™ is 32/100 with 2 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 VNE SpA (MIL:VNE), the current Retained Earnings is €0.88 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 VNE SpA (MIL:VNE) Overvalued in 2026?
Based on GuruFocus' analysis, VNE SpA stock appears to be undervalued.
The current stock price of €2.26 is trading 39.2% below its estimated GF Value™ of €3.72.
GuruFocus considers VNE SpA to be Possible Value Trap.
Key valuation signals for MIL:VNE:
Retained Earnings: €0.88 Mil
GF Value™: €3.72 vs. price of €2.26 (39.2% below fair value)
No single metric tells the full story. See the MIL:VNE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VNE SpA produces hardware and software for the management of banknotes, coins, and, more generally, payments and transactions through cash and cashless systems, offering a wide range of customized products. It creates, samples, and produces all its appliances internally. The company offers consulting and commercial assistance all over the world through a stable and efficient operating network; moreover, it guarantees qualified and immediate maintenance and technical assistance anywhere on every type of machine. The main markets where the company operates internationally are gambling, retail & vending, casino & ticket, and wherever there is a need to manage payments or automated transactions.
32GF Score
Get the complete analysis for MIL:VNE
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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