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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Gray Media's retained earnings for the quarter that ended in Mar. 2026 was €1,007 Mil.
Gray Media's quarterly retained earnings
declined
from Sep. 2025 (€1,054 Mil) to Dec. 2025 (€1,029 Mil) and
declined
from Dec. 2025 (€1,029 Mil) to Mar. 2026 (€1,007 Mil).
Gray Media's annual retained earnings
increased
from Dec. 2023 (€994 Mil) to Dec. 2024 (€1,313 Mil) but then
declined
from Dec. 2024 (€1,313 Mil) to Dec. 2025 (€1,029 Mil).
Gray Media (STU:GCZB) 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.
Gray Media Retained Earnings Historical Data
* Premium members only.
The historical data trend for Gray Media'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.
Gray Media (STU:GCZB) has a Retained Earnings of €1,007 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Gray Media and its competitors.
Is Gray Media's Retained Earnings too high?
Gray Media's current Retained Earnings is €1,007 Mil. Overall, Gray Media has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gray Media's Retained Earnings compare to CAST and FUBO?
Gray Media's Retained Earnings of €1,007 Mil can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Retained Earnings depends on the Media - Diversified 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 Gray Media and its competitors. Gray Media's current Retained Earnings is €1,007 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gray Media stock overvalued right now?
Based on GuruFocus' analysis, Gray Media (STU:GCZB) is currently considered Fairly Valued. The stock's GF Value™ is €3.73, compared to a current price of €3.58 — trading 4% below its estimated fair value. The current Retained Earnings is €1,007 Mil. Gray Media's overall GF Score™ is 67/100 with 8 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 Gray Media (STU:GCZB), the current Retained Earnings is €1,007 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 Gray Media (STU:GCZB) Overvalued in 2026?
Based on GuruFocus' analysis, Gray Media stock appears to be undervalued.
The current stock price of €3.58 is trading 4% below its estimated GF Value™ of €3.73.
GuruFocus considers Gray Media to be Fairly Valued.
Key valuation signals for STU:GCZB:
Retained Earnings: €1,007 Mil
GF Value™: €3.73 vs. price of €3.58 (4% below fair value)
No single metric tells the full story. See the STU:GCZB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gray Media Inc is a multimedia company. The company owns and operates local television stations and digital assets. It also owns Gray Digital Media, a full-service digital agency offering national and local clients digital marketing strategies with digital products and services. Its additional media properties include video production companies Raycom Sports, Tupelo Media Group, and PowerNation Studios, and studio production facilities Assembly Atlanta and Third Rail Studios. The company's segments include Broadcasting and Production Companies. The majority of revenue is derived from broadcast and digital advertising and from retransmission consent fees.
67GF Score
Get the complete analysis for STU:GCZB
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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