Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Retained earnings is the accumulated portion of net income that is not distributed to shareholders. PChome Online's retained earnings for the quarter that ended in Mar. 2026 was NT$-1,569 Mil.
PChome Online's quarterly retained earnings
declined
from Sep. 2025 (NT$-1,075 Mil) to Dec. 2025 (NT$-1,489 Mil) and
declined
from Dec. 2025 (NT$-1,489 Mil) to Mar. 2026 (NT$-1,569 Mil).
PChome Online's annual retained earnings
declined
from Dec. 2023 (NT$-504 Mil) to Dec. 2024 (NT$-571 Mil) and
declined
from Dec. 2024 (NT$-571 Mil) to Dec. 2025 (NT$-1,489 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.
PChome Online Retained Earnings Historical Data
* Premium members only.
The historical data trend for PChome Online'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.
What does a Retained Earnings of NT$-1,569 Mil mean?
PChome Online (ROCO:8044) has a Retained Earnings of NT$-1,569 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on PChome Online and its competitors.
Is PChome Online's Retained Earnings too high?
PChome Online's current Retained Earnings is NT$-1,569 Mil. Overall, PChome Online has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PChome Online's Retained Earnings compare to AMZN and BABA?
PChome Online's Retained Earnings of NT$-1,569 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Retail - Cyclical company?
A good Retained Earnings depends on the Retail - Cyclical industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on PChome Online and its competitors. PChome Online's current Retained Earnings is NT$-1,569 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PChome Online stock overvalued right now?
Based on GuruFocus' analysis, PChome Online (ROCO:8044) is currently considered Fairly Valued. The stock's GF Value™ is NT$24.83, compared to a current price of NT$26.40 — trading 6.3% above its estimated fair value. The current Retained Earnings is NT$-1,569 Mil. PChome Online's overall GF Score™ is 55/100 with 7 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 PChome Online (ROCO:8044), the current Retained Earnings is NT$-1,569 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 PChome Online (ROCO:8044) Overvalued in 2026?
Based on GuruFocus' analysis, PChome Online stock appears to be overvalued.
The current stock price of NT$26.40 is trading 6.3% above its estimated GF Value™ of NT$24.83.
GuruFocus considers PChome Online to be Fairly Valued.
Key valuation signals for ROCO:8044:
Retained Earnings: NT$-1,569 Mil
GF Value™: NT$24.83 vs. price of NT$26.40 (6.3% above fair value)
No single metric tells the full story. See the ROCO:8044 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PChome Online Inc is an E-commerce service provider. The primary business scope of the Company and its subsidiaries (together referred to as the Group) includes software design, digital information supply, data processing, and wholesaling and retailing of office machinery, equipment, and information software. The Group's reportable segments are the E-Commerce-Sales segment, Marketplace segment, Fintech segment, and other segment. The E-Commerce-Sales segment is the revenue collection from the online platform from the sale of goods. The other segment is the revenue generated from the online platform to provide search engine services, and telecommunication and communication services. Geographically, in Taiwan only.
55GF Score
Get the complete analysis for ROCO:8044
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ROCO:8044 has been successfully added to your 
