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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Thanachart Capital PCL's retained earnings for the quarter that ended in Mar. 2026 was $2,223.1 Mil.
Thanachart Capital PCL's quarterly retained earnings
increased
from Sep. 2025 ($2,107.9 Mil) to Dec. 2025 ($2,201.8 Mil) and
increased
from Dec. 2025 ($2,201.8 Mil) to Mar. 2026 ($2,223.1 Mil).
Thanachart Capital PCL's annual retained earnings
increased
from Dec. 2023 ($1,754.2 Mil) to Dec. 2024 ($1,893.3 Mil) and
increased
from Dec. 2024 ($1,893.3 Mil) to Dec. 2025 ($2,201.8 Mil).
Thanachart Capital PCL (OTCPK:THNVF) 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.
Thanachart Capital PCL Retained Earnings Historical Data
* Premium members only.
The historical data trend for Thanachart Capital 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.
Thanachart Capital PCL 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.
What does a Retained Earnings of $2,223.1 Mil mean?
Thanachart Capital PCL (THNVF) has a Retained Earnings of $2,223.1 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Thanachart Capital PCL and its competitors.
Is Thanachart Capital PCL's Retained Earnings too high?
Thanachart Capital PCL's current Retained Earnings is $2,223.1 Mil. Overall, Thanachart Capital PCL has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Thanachart Capital PCL's Retained Earnings compare to V and MA?
Thanachart Capital PCL's Retained Earnings of $2,223.1 Mil can be compared against companies in the Credit 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 Credit Services company?
A good Retained Earnings depends on the Credit 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 Thanachart Capital PCL and its competitors. Thanachart Capital PCL's current Retained Earnings is $2,223.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thanachart Capital PCL stock overvalued right now?
Thanachart Capital PCL (THNVF) has a current Retained Earnings of $2,223.1 Mil. The stock's GF Value™ is $0.81, compared to a current price of $1.08 — trading 33.3% above its estimated fair value. The current Retained Earnings is $2,223.1 Mil. Thanachart Capital PCL's overall GF Score™ is 64/100 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 Thanachart Capital PCL (THNVF), the current Retained Earnings is $2,223.1 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 Thanachart Capital PCL (THNVF) Overvalued in 2026?
Based on GuruFocus' analysis, Thanachart Capital PCL stock appears to be overvalued.
The current stock price of $1.08 is trading 33.3% above its estimated GF Value™ of $0.81.
Key valuation signals for THNVF:
Retained Earnings: $2,223.1 Mil
GF Value™: $0.81 vs. price of $1.08 (33.3% above fair value)
No single metric tells the full story. See the THNVF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thanachart Capital PCL is an investment holding company domiciled in Thailand. Through its subsidiaries, it operates in different reportable operating business segments such as; non-performing assets management business, securities business, asset management business, leasing and hire purchase business, non-life insurance business, life insurance business, and others. The majority of the company's revenue is generated from its Leasing and Hire purchase business which provides auto hire purchase and financial lease services with a focus on the auto market for new and used cars markets for passenger cars as well as vehicles for commercial purposes, such as pick-ups, taxis, truck tractors and lorries, etc.
64GF Score
Get the complete analysis for THNVF
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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