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. Modivo's retained earnings for the quarter that ended in Apr. 2026 was zł-1,055 Mil.
Modivo's quarterly retained earnings
declined
from Oct. 2025 (zł-725 Mil) to Jan. 2026 (zł-1,053 Mil) and
declined
from Jan. 2026 (zł-1,053 Mil) to Apr. 2026 (zł-1,055 Mil).
Modivo's annual retained earnings
increased
from Jan. 2024 (zł-833 Mil) to Jan. 2025 (zł105 Mil) but then
declined
from Jan. 2025 (zł105 Mil) to Jan. 2026 (zł-1,053 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.
Modivo Retained Earnings Historical Data
* Premium members only.
The historical data trend for Modivo'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 zł-1,055 Mil mean?
Modivo (WAR:MDV) has a Retained Earnings of zł-1,055 Mil as of Apr. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Modivo and its competitors.
Is Modivo's Retained Earnings too high?
Modivo's current Retained Earnings is zł-1,055 Mil. Overall, Modivo has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Modivo's Retained Earnings compare to TJX and ROST?
Modivo's Retained Earnings of zł-1,055 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 Modivo and its competitors. Modivo's current Retained Earnings is zł-1,055 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modivo stock overvalued right now?
Based on GuruFocus' analysis, Modivo (WAR:MDV) is currently considered Modestly Undervalued. The stock's GF Value™ is zł133.45, compared to a current price of zł95.14 — trading 28.7% below its estimated fair value. The current Retained Earnings is zł-1,055 Mil. Modivo's overall GF Score™ is 74/100 with 4 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 Modivo (WAR:MDV), the current Retained Earnings is zł-1,055 Mil as of Apr. 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 Modivo (WAR:MDV) Overvalued in 2026?
Based on GuruFocus' analysis, Modivo stock appears to be undervalued.
The current stock price of zł95.14 is trading 28.7% below its estimated GF Value™ of zł133.45.
GuruFocus considers Modivo to be Modestly Undervalued.
Key valuation signals for WAR:MDV:
Retained Earnings: zł-1,055 Mil
GF Value™: zł133.45 vs. price of zł95.14 (28.7% below fair value)
No single metric tells the full story. See the WAR:MDV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Modivo SA business activities are concentrated in the retail, digital, and wholesale segments and include the wholesale and retail trade of clothing and footwear. Its operating segments include CCC, which generates the majority of revenue and includes sales through websites, offline retail stores, distribution, and wholesale operations, as well as HalfPrice and MODIVO (MODIVO and eobuwie). The Company's business lines include CCC, eobuwie, MODIVO, HalfPrice, worldbox, Boardriders, Warsaw Sneaker Store, SK Store, and Sklep Biegacza.
74GF Score
Get the complete analysis for WAR:MDV
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
WAR:MDV has been successfully added to your 
