Grendene (BSP:GRND3) Research & Development: R$0 Mil (TTM As of Mar. 2026)


BSP:GRND3 Grendene SA BSP:GRND3
65 GF Score
Price R$3.86
GF Value R$6.47
Valuation Significantly Undervalued
! 7 Warning Signs
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What is Grendene Research & Development?

Grendene BSP:GRND3 +0.78% 65 Research & Development is R$0 Mil as of Mar. 2026. GuruFocus rates BSP:GRND3 with a GF Score™ of 65/100 and a GF Value™ of R$6.47 (Significantly Undervalued). The stock has 7 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Grendene's Research & Development for the three months ended in Mar. 2026 was R$0 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was R$0 Mil.

Grendene  (BSP:GRND3) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Grendene Research & Development Related Terms

Grendene Research & Development Historical Data

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The historical data trend for Grendene's Research & Development 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.

Grendene Research & Development Chart

Grendene Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
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Grendene Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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BSP:GRND3
65GF Score
Grendene SA BSP:GRND3
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Grendene Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was R$0 Mil.

* 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.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of R$0 Mil mean?
Grendene (BSP:GRND3) has a Research & Development of R$0 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Grendene and its competitors.
Is Grendene's Research & Development too high?
Grendene's current Research & Development is R$0 Mil. Overall, Grendene has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Grendene's Research & Development compare to NKE and DECK?
Grendene's Research & Development of R$0 Mil can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Manufacturing - Apparel & Accessories company?
A good Research & Development depends on the Manufacturing - Apparel & Accessories industry context. However, Research & Development 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 Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Grendene and its competitors. Grendene's current Research & Development is R$0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grendene stock overvalued right now?
Based on GuruFocus' analysis, Grendene (BSP:GRND3) is currently considered Significantly Undervalued. The stock's GF Value™ is R$6.47, compared to a current price of R$3.86 — trading 40.3% below its estimated fair value. The current Research & Development is R$0 Mil. Grendene's overall GF Score™ is 65/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Grendene (BSP:GRND3), the current Research & Development is R$0 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 Grendene (BSP:GRND3) Overvalued in 2026?

Based on GuruFocus' analysis, Grendene stock appears to be undervalued. The current stock price of R$3.86 is trading 40.3% below its estimated GF Value™ of R$6.47. GuruFocus considers Grendene to be Significantly Undervalued.

Key valuation signals for BSP:GRND3:

  • Research & Development: R$0 Mil
  • GF Value™: R$6.47 vs. price of R$3.86 (40.3% below fair value)
  • GF Score™: 65/100 with 7 warning signs

No single metric tells the full story. See the BSP:GRND3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Grendene Business Description

Address Avenue Pimentel Gomes 214, Sobral, CE, BRA, 62040-125
Grendene SA is engaged in the development, production, distribution, and sale of plastic footwear for all the socio-economic classes, in the women's, men's, and children's market segments. It also has its stores, franchises, and web commerce channels, operating under the brands Melissa, Grendha, Zaxy, Rider, Cartago, Grendene Kids, and Ipanema. It also owns the brands Pega Forte and Nuar. Geographically, the company operates in Brazil, North America, Asia and Oceania, Europe, Central and South America, and the Middle East and Africa, out of which a majority of its revenue comes from Brazil.
65GF Score

Get the complete analysis for BSP:GRND3

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$3.86
Price
R$6.47
GF Value