First Majestic Silver (FRA:FMV) Research & Development: €0 Mil (TTM As of Mar. 2026)


FRA:FMV First Majestic Silver Corp FRA:FMV
66 GF Score
Price €15.20
GF Value €8.85
Valuation Significantly Overvalued
! 2 Warning Signs
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What is First Majestic Silver Research & Development?

First Majestic Silver FRA:FMV +2.39% 66 Research & Development is €0 Mil as of Mar. 2026. GuruFocus rates FRA:FMV with a GF Score™ of 66/100 and a GF Value™ of €8.85 (Significantly Overvalued). The stock has 2 warning signs investors should review.

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

First Majestic Silver  (FRA:FMV) 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.

First Majestic Silver Research & Development Related Terms

First Majestic Silver Research & Development Historical Data

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The historical data trend for First Majestic Silver'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.

First Majestic Silver Research & Development Chart

First Majestic Silver Annual Data
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First Majestic Silver Quarterly Data
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FRA:FMV
66GF Score
First Majestic Silver Corp FRA:FMV
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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First Majestic Silver 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 €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 €0 Mil mean?
First Majestic Silver (FRA:FMV) has a Research & Development of €0 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on First Majestic Silver and its competitors.
Is First Majestic Silver's Research & Development too high?
First Majestic Silver's current Research & Development is €0 Mil. Overall, First Majestic Silver has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Majestic Silver's Research & Development compare to EXK?
First Majestic Silver's Research & Development of €0 Mil can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Research & Development depends on the Metals & Mining 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 First Majestic Silver and its competitors. First Majestic Silver's current Research & Development is €0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Majestic Silver stock overvalued right now?
Based on GuruFocus' analysis, First Majestic Silver (FRA:FMV) is currently considered Significantly Overvalued. The stock's GF Value™ is €8.85, compared to a current price of €15.20 — trading 71.8% above its estimated fair value. The current Research & Development is €0 Mil. First Majestic Silver's overall GF Score™ is 66/100 with 2 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 First Majestic Silver (FRA:FMV), the current Research & Development is €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 First Majestic Silver (FRA:FMV) Overvalued in 2026?

Based on GuruFocus' analysis, First Majestic Silver stock appears to be overvalued. The current stock price of €15.20 is trading 71.8% above its estimated GF Value™ of €8.85. GuruFocus considers First Majestic Silver to be Significantly Overvalued.

Key valuation signals for FRA:FMV:

  • Research & Development: €0 Mil
  • GF Value™: €8.85 vs. price of €15.20 (71.8% above fair value)
  • GF Score™: 66/100 with 2 warning signs

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

First Majestic Silver Business Description

Address 925 West Georgia Street, Suite 1800, Vancouver, BC, CAN, V6C 3L2
First Majestic Silver Corp is in the business of production, development, exploration, and acquisition of mineral properties with a focus on silver and gold production in North America. The company owns four producing mines in Mexico, consisting of the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine, the Los Gatos Silver Mine, and the La Encantada Silver Mine. It also owns the Jerritt Canyon Gold Mine in Nevada, USA. Additionally, the firm holds interests in the San Martin Silver Mine and the Del Toro Silver Mine, and several exploration-stage projects. The majority of the company's revenues are from the sale of precious metals contained in dore and concentrate form. It generates maximum revenue from the sale of silver, followed by gold, zinc, copper, and other metals.
66GF Score

Get the complete analysis for FRA:FMV

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

€15.20
Price
€8.85
GF Value