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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. True PCL's retained earnings for the quarter that ended in Mar. 2026 was $-6,238 Mil.
True PCL's quarterly retained earnings
declined
from Sep. 2025 ($-6,418 Mil) to Dec. 2025 ($-6,583 Mil) but then
increased
from Dec. 2025 ($-6,583 Mil) to Mar. 2026 ($-6,238 Mil).
True PCL's annual retained earnings
declined
from Dec. 2023 ($-5,631 Mil) to Dec. 2024 ($-6,155 Mil) and
declined
from Dec. 2024 ($-6,155 Mil) to Dec. 2025 ($-6,583 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.
True PCL Retained Earnings Historical Data
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The historical data trend for True PCL'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 $-6,238 Mil mean?
True PCL (TCPFF) has a Retained Earnings of $-6,238 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on True PCL and its competitors.
Is True PCL's Retained Earnings too high?
True PCL's current Retained Earnings is $-6,238 Mil. Overall, True PCL has a GF Score™ of 34/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does True PCL's Retained Earnings compare to VZ and TMUS?
True PCL's Retained Earnings of $-6,238 Mil can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Retained Earnings depends on the Telecommunication Services 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 True PCL and its competitors. True PCL's current Retained Earnings is $-6,238 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is True PCL stock overvalued right now?
Based on GuruFocus' analysis, True PCL (TCPFF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.26, compared to a current price of $0.30 — trading 15.4% above its estimated fair value. The current Retained Earnings is $-6,238 Mil. True PCL's overall GF Score™ is 34/100 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 True PCL (TCPFF), the current Retained Earnings is $-6,238 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 True PCL (TCPFF) Overvalued in 2026?
Based on GuruFocus' analysis, True PCL stock appears to be overvalued.
The current stock price of $0.30 is trading 15.4% above its estimated GF Value™ of $0.26.
GuruFocus considers True PCL to be Modestly Overvalued.
Key valuation signals for TCPFF:
Retained Earnings: $-6,238 Mil
GF Value™: $0.26 vs. price of $0.30 (15.4% above fair value)
No single metric tells the full story. See the TCPFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
True Corp PCL is a triple-play telecommunications company. It operates through three business segments: Mobile, Pay TV, Broadband internet and others. The majority of revenue is derived from Mobile segment, the company's mobile services product offering. The majority of the company's customer base in its mobile services division is considered prepaid. Broadband internet and other generated revenue internet services are recognized when rendering the service to subscribers. Pay TV generates revenues from monthly subscription fees recognized in the month in which the service is provided, commencing from the completion of installation. It operates in a single geographical area, which is Thailand.
34GF Score
Get the complete analysis for TCPFF
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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