Transnational (NSA:TRCNP) Retained Earnings: ₦203,136 Mil (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

NSA:TRCNP Transnational Corp PLC NSA:TRCNP
90 GF Score
Price ₦39.05
GF Value ₦72.77
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Transnational Retained Earnings?

Transnational NSA:TRCNP -3.10% 90 Retained Earnings is ₦203,136 Mil as of Mar. 2026. GuruFocus rates NSA:TRCNP with a GF Score™ of 90/100 and a GF Value™ of ₦72.77 (Significantly Undervalued). The stock has 3 warning signs investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Transnational's retained earnings for the quarter that ended in Mar. 2026 was ₦203,136 Mil.

Transnational's quarterly retained earnings increased from Sep. 2025 (₦149,685 Mil) to Dec. 2025 (₦181,183 Mil) and increased from Dec. 2025 (₦181,183 Mil) to Mar. 2026 (₦203,136 Mil).

Transnational's annual retained earnings increased from Dec. 2023 (₦62,160 Mil) to Dec. 2024 (₦105,556 Mil) and increased from Dec. 2024 (₦105,556 Mil) to Dec. 2025 (₦181,183 Mil).


Transnational  (NSA:TRCNP) 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.


Transnational Retained Earnings Historical Data

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The historical data trend for Transnational'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.

Transnational Retained Earnings Chart

Transnational 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 47,602.14 54,577.01 62,160.44 105,555.76 181,182.53

Transnational 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 131,837.23 140,900.83 149,685.47 181,182.53 203,136.41
NSA:TRCNP
90GF Score
Transnational Corp PLC NSA:TRCNP
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
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Transnational 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 ₦203,136 Mil mean?
Transnational (NSA:TRCNP) has a Retained Earnings of ₦203,136 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Transnational and its competitors.
Is Transnational's Retained Earnings too high?
Transnational's current Retained Earnings is ₦203,136 Mil. Overall, Transnational has a GF Score™ of 90/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Transnational's Retained Earnings compare to CEG and VST?
Transnational's Retained Earnings of ₦203,136 Mil can be compared against companies in the Utilities - Independent Power Producers 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 Utilities - Independent Power Producers company?
A good Retained Earnings depends on the Utilities - Independent Power Producers 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 Transnational and its competitors. Transnational's current Retained Earnings is ₦203,136 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Transnational stock overvalued right now?
Based on GuruFocus' analysis, Transnational (NSA:TRCNP) is currently considered Significantly Undervalued. The stock's GF Value™ is ₦72.77, compared to a current price of ₦39.05 — trading 46.3% below its estimated fair value. The current Retained Earnings is ₦203,136 Mil. Transnational's overall GF Score™ is 90/100 with 3 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 Transnational (NSA:TRCNP), the current Retained Earnings is ₦203,136 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 Transnational (NSA:TRCNP) Overvalued in 2026?

Based on GuruFocus' analysis, Transnational stock appears to be undervalued. The current stock price of ₦39.05 is trading 46.3% below its estimated GF Value™ of ₦72.77. GuruFocus considers Transnational to be Significantly Undervalued.

Key valuation signals for NSA:TRCNP:

  • Retained Earnings: ₦203,136 Mil
  • GF Value™: ₦72.77 vs. price of ₦39.05 (46.3% below fair value)
  • GF Score™: 90/100 with 3 warning signs

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


Transnational Business Description

Address 38b Glover Road, Transnational House, Ikoyi, Lagos, NGA
Transnational Corp PLC is a diversified conglomerate. Its business segments are Power, Oil and Gas, Hospitality, Corporate Centre, and Agro-allied. The group generates the majority of the revenue from the Power segment. In the Power segment, the company through its subsidiary, is engaged in the generation of electric power. The group provides hospitality services to the customers in the Hospitality segment. Oil and Gas segment includes exploration, refining, and marketing of petroleum products, and in the Agro-Allied segment, the group processes fruit concentrates from fruits. The Corporate Centre segment is the parent Company, Transnational Corporation of Nigeria Plc, and the other non-operational subsidiaries.
90GF Score

Get the complete analysis for NSA:TRCNP

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

₦39.05
Price
₦72.77
GF Value