Tongcheng Travel Holdings (FRA:TEM) Research & Development: €252 Mil (TTM As of Mar. 2026)

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FRA:TEM Tongcheng Travel Holdings Ltd FRA:TEM
85 GF Score
Price €1.34
GF Value €2.71
Valuation Possible Value Trap
! 3 Warning Signs
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What is Tongcheng Travel Holdings Research & Development?

Tongcheng Travel Holdings FRA:TEM +0.75% 85 Research & Development is €252 Mil as of Mar. 2026. GuruFocus rates FRA:TEM with a GF Score™ of 85/100 and a GF Value™ of €2.71 (Possible Value Trap). The stock has 3 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Tongcheng Travel Holdings's Research & Development for the three months ended in Mar. 2026 was €66 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was €252 Mil.

Tongcheng Travel Holdings  (FRA:TEM) 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.

Tongcheng Travel Holdings Research & Development Related Terms

Tongcheng Travel Holdings Research & Development Historical Data

* Premium members only.

The historical data trend for Tongcheng Travel Holdings'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.

Tongcheng Travel Holdings Research & Development Chart

Tongcheng Travel Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 186.81 191.48 233.81 262.46 247.24

Tongcheng Travel Holdings 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 63.18 60.92 61.54 63.64 65.81
FRA:TEM
85GF Score
Tongcheng Travel Holdings Ltd FRA:TEM
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Tongcheng Travel Holdings 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 €252 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 €252 Mil mean?
Tongcheng Travel Holdings (FRA:TEM) has a Research & Development of €252 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Tongcheng Travel Holdings and its competitors.
Is Tongcheng Travel Holdings' Research & Development too high?
Tongcheng Travel Holdings' current Research & Development is €252 Mil. Overall, Tongcheng Travel Holdings has a GF Score™ of 85/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tongcheng Travel Holdings' Research & Development compare to BKNG and ABNB?
Tongcheng Travel Holdings' Research & Development of €252 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Research & Development depends on the Travel & Leisure 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 Tongcheng Travel Holdings and its competitors. Tongcheng Travel Holdings's current Research & Development is €252 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tongcheng Travel Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tongcheng Travel Holdings (FRA:TEM) is currently considered Possible Value Trap. The stock's GF Value™ is €2.71, compared to a current price of €1.34 — trading 50.6% below its estimated fair value. The current Research & Development is €252 Mil. Tongcheng Travel Holdings' overall GF Score™ is 85/100 with 3 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 Tongcheng Travel Holdings (FRA:TEM), the current Research & Development is €252 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 Tongcheng Travel Holdings (FRA:TEM) Overvalued in 2026?

Based on GuruFocus' analysis, Tongcheng Travel Holdings stock appears to be undervalued. The current stock price of €1.34 is trading 50.6% below its estimated GF Value™ of €2.71. GuruFocus considers Tongcheng Travel Holdings to be Possible Value Trap.

Key valuation signals for FRA:TEM:

  • Research & Development: €252 Mil
  • GF Value™: €2.71 vs. price of €1.34 (50.6% below fair value)
  • GF Score™: 85/100 with 3 warning signs

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

Tongcheng Travel Holdings Business Description

Other Exchanges 00780:Hong Kong
Address No. 66 Yunhui Road, Tongcheng Travel Mansion, Suzhou Industrial Park, Jiangsu, CHN
Tongcheng Travel is an online travel agency platform that provides booking services for hotel and ticketing in China. It generated 84% of its revenue from accommodation reservations and transportation ticketing in 2023. The rest came from advertising and in-house software sales. The platform provides both online and offline services in the form of call centers and travel kiosks. Tongcheng Travel was formed from the merger of Tongcheng Network and eLong in 2018. It is currently 21.38% owned by Tencent and 20.86% by Trip.com. Tongcheng targets lower-tier cities and as of 2021, 86.7% of its users are from non-first-tier cities in China and 61.7% of new paying users on Weixin were from Tier 3 or below cities in China. The company competes with Trip.com, Alibaba's Fliggy, and Meituan.
85GF Score

Get the complete analysis for FRA:TEM

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

€1.34
Price
€2.71
GF Value