Var Energi ASA (CHIX:VARO) Research & Development: kr463 Mil (TTM As of Mar. 2026)

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CHIX:VARO Var Energi ASA CHIX:VARO
71 GF Score
Price kr44.40
GF Value kr44.66
Valuation Fairly Valued
! 4 Warning Signs
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What is Var Energi ASA Research & Development?

Var Energi ASA CHIX:VARO +3.05% 71 Research & Development is kr463 Mil as of Mar. 2026. GuruFocus rates CHIX:VARO with a GF Score™ of 71/100 and a GF Value™ of kr44.66 (Fairly Valued). The stock has 4 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Var Energi ASA's Research & Development for the three months ended in Mar. 2026 was kr84 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was kr463 Mil.

Var Energi ASA  (CHIX:VARo) 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.

Var Energi ASA Research & Development Related Terms

Var Energi ASA Research & Development Historical Data

* Premium members only.

The historical data trend for Var Energi ASA'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.

Var Energi ASA Research & Development Chart

Var Energi ASA Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial 289.04 311.57 369.02 434.23 456.83

Var Energi ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 80.09 88.46 98.44 192.03 84.03
CHIX:VARO
71GF Score
Var Energi ASA CHIX:VARO
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Var Energi ASA 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 kr463 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 kr463 Mil mean?
Var Energi ASA (CHIX:VARO) has a Research & Development of kr463 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Var Energi ASA and its competitors.
Is Var Energi ASA's Research & Development too high?
Var Energi ASA's current Research & Development is kr463 Mil. Overall, Var Energi ASA has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Var Energi ASA's Research & Development compare to COP and EOG?
Var Energi ASA's Research & Development of kr463 Mil can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Research & Development depends on the Oil & Gas 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 Var Energi ASA and its competitors. Var Energi ASA's current Research & Development is kr463 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Var Energi ASA stock overvalued right now?
Based on GuruFocus' analysis, Var Energi ASA (CHIX:VARO) is currently considered Fairly Valued. The stock's GF Value™ is kr44.66, compared to a current price of kr44.40 — trading 0.6% below its estimated fair value. The current Research & Development is kr463 Mil. Var Energi ASA's overall GF Score™ is 71/100 with 4 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 Var Energi ASA (CHIX:VARO), the current Research & Development is kr463 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 Var Energi ASA (CHIX:VARO) Overvalued in 2026?

Based on GuruFocus' analysis, Var Energi ASA stock appears to be undervalued. The current stock price of kr44.40 is trading 0.6% below its estimated GF Value™ of kr44.66. GuruFocus considers Var Energi ASA to be Fairly Valued.

Key valuation signals for CHIX:VARO:

  • Research & Development: kr463 Mil
  • GF Value™: kr44.66 vs. price of kr44.40 (0.6% below fair value)
  • GF Score™: 71/100 with 4 warning signs

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

Var Energi ASA Business Description

Industry EnergyOil & Gas
Address Vestre Svanholmen 1, Sandnes, NOR, 4313
Var Energi ASA is an independent upstream oil and gas company on the Norwegian continental shelf. It operates within the geographical area of Norway and the business is entirely related to the exploration for and production of petroleum in Norway. The Company operates within a single operating segment, and the products include oil and gas, natural gas liquids (NGL). Revenues are mainly related to the sale of oil, gas, and NGL. Var Energi is the operator of the following producing fields: Goliat (Barents Sea), Fenja (Norwegian Sea), Gjoa, Duva, Balder, and Ringhorne (North Sea).
71GF Score

Get the complete analysis for CHIX:VARO

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

kr44.40
Price
kr44.66
GF Value