VTech Holdings (FRA:VTCB) Research & Development: €71 Mil (TTM As of Mar. 2026)


FRA:VTCB VTech Holdings Ltd FRA:VTCB
79 GF Score
Price €5.60
GF Value €5.57
Valuation Fairly Valued
! 3 Warning Signs
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What is VTech Holdings Research & Development?

VTech Holdings FRA:VTCB 79 Research & Development is €71 Mil as of Mar. 2026. GuruFocus rates FRA:VTCB with a GF Score™ of 79/100 and a GF Value™ of €5.57 (Fairly Valued). The stock has 3 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. VTech Holdings's Research & Development for the six months ended in Mar. 2026 was €36 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was €71 Mil.

VTech Holdings  (FRA:VTCB) 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.

VTech Holdings Research & Development Related Terms

VTech Holdings Research & Development Historical Data

* Premium members only.

The historical data trend for VTech 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.

VTech Holdings Research & Development Chart

VTech Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 76.54 77.80 75.16 85.01 71.71

VTech Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 36.52 41.36 42.55 35.27 35.90
FRA:VTCB
79GF Score
VTech Holdings Ltd FRA:VTCB
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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VTech 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 semi-annually data reported by the company within the most recent 12 months, which was €71 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 €71 Mil mean?
VTech Holdings (FRA:VTCB) has a Research & Development of €71 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on VTech Holdings and its competitors.
Is VTech Holdings' Research & Development too high?
VTech Holdings' current Research & Development is €71 Mil. Overall, VTech Holdings has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does VTech Holdings' Research & Development compare to CSCO and CIEN?
VTech Holdings' Research & Development of €71 Mil can be compared against companies in the Hardware 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 Hardware company?
A good Research & Development depends on the Hardware 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 VTech Holdings and its competitors. VTech Holdings's current Research & Development is €71 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VTech Holdings stock overvalued right now?
Based on GuruFocus' analysis, VTech Holdings (FRA:VTCB) is currently considered Fairly Valued. The stock's GF Value™ is €5.57, compared to a current price of €5.60 — trading 0.5% above its estimated fair value. The current Research & Development is €71 Mil. VTech Holdings' overall GF Score™ is 79/100 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 VTech Holdings (FRA:VTCB), the current Research & Development is €71 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 VTech Holdings (FRA:VTCB) Overvalued in 2026?

Based on GuruFocus' analysis, VTech Holdings stock appears to be overvalued. The current stock price of €5.60 is trading 0.5% above its estimated GF Value™ of €5.57. GuruFocus considers VTech Holdings to be Fairly Valued.

Key valuation signals for FRA:VTCB:

  • Research & Development: €71 Mil
  • GF Value™: €5.57 vs. price of €5.60 (0.5% above fair value)
  • GF Score™: 79/100 with 3 warning signs

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

VTech Holdings Business Description

Address Block 1, 57 Ting Kok Road, 23rd Floor, Tai Ping Industrial Centre, Tai Po, New Territories, Hong Kong, HKG
VTech Holdings Ltd is engaged in the designing, manufacturing, and distribution of consumer electronic products. It also provides contract manufacturing services. The company's diverse collection of products includes Telephone Products, Business Phones, Electronic Learning Toys, Baby Monitors, and Hospitality Products. In addition, it offers turnkey services to customers in several product categories. The company operates through four reportable segments: North America, (including the United States and Canada), Europe, Asia Pacific, and Others, which covers sales of electronic products to the rest of the world. It generates maximum revenue from Europe.
79GF Score

Get the complete analysis for FRA:VTCB

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

€5.60
Price
€5.57
GF Value