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. DKSH Holding's retained earnings for the quarter that ended in Dec. 2025 was CHF2,082 Mil.
DKSH Holding's quarterly retained earnings
declined
from Dec. 2024 (CHF2,018 Mil) to Jun. 2025 (CHF1,961 Mil) but then
increased
from Jun. 2025 (CHF1,961 Mil) to Dec. 2025 (CHF2,082 Mil).
DKSH Holding's annual retained earnings
increased
from Dec. 2023 (CHF1,939 Mil) to Dec. 2024 (CHF2,018 Mil) and
increased
from Dec. 2024 (CHF2,018 Mil) to Dec. 2025 (CHF2,082 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.
DKSH Holding Retained Earnings Historical Data
* Premium members only.
The historical data trend for DKSH Holding'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 CHF2,082 Mil mean?
DKSH Holding (XSWX:DKSH) has a Retained Earnings of CHF2,082 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on DKSH Holding and its competitors.
Is DKSH Holding's Retained Earnings too high?
DKSH Holding's current Retained Earnings is CHF2,082 Mil. Overall, DKSH Holding has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DKSH Holding's Retained Earnings compare to VRSK and EFX?
DKSH Holding's Retained Earnings of CHF2,082 Mil can be compared against companies in the Business 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 Business Services company?
A good Retained Earnings depends on the Business 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 DKSH Holding and its competitors. DKSH Holding's current Retained Earnings is CHF2,082 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DKSH Holding stock overvalued right now?
Based on GuruFocus' analysis, DKSH Holding (XSWX:DKSH) is currently considered Fairly Valued. The stock's GF Value™ is CHF63.75, compared to a current price of CHF67.50 — trading 5.9% above its estimated fair value. The current Retained Earnings is CHF2,082 Mil. DKSH Holding's overall GF Score™ is 75/100 with 6 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 DKSH Holding (XSWX:DKSH), the current Retained Earnings is CHF2,082 Mil as of Dec. 2025. 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 DKSH Holding (XSWX:DKSH) Overvalued in 2026?
Based on GuruFocus' analysis, DKSH Holding stock appears to be overvalued.
The current stock price of CHF67.50 is trading 5.9% above its estimated GF Value™ of CHF63.75.
GuruFocus considers DKSH Holding to be Fairly Valued.
Key valuation signals for XSWX:DKSH:
Retained Earnings: CHF2,082 Mil
GF Value™: CHF63.75 vs. price of CHF67.50 (5.9% above fair value)
No single metric tells the full story. See the XSWX:DKSH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DKSH Holding Ltd offers market expansion services in Asia. The company provides a range of services, including sourcing, market insights, marketing and sales, eCommerce, distribution and logistics, and after-sales support. It offers expertise and on-the-ground logistical support. The company operates in five business segments: Consumer goods, Healthcare, Performance Materials, Technology and Other (non-Business Unit). The majority of the revenue is derived from the Healthcare segment, which offers pharmaceuticals, consumer health, and over-the-counter health products, as well as medical devices, and also offers services including product registration, marketing and sales, and capillary physical distribution.
75GF Score
Get the complete analysis for XSWX:DKSH
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
XSWX:DKSH has been successfully added to your 
