SSH Communications Security Oyj (FRA:XXH) Research & Development: €4.60 Mil (TTM As of Dec. 2025)


FRA:XXH SSH Communications Security Oyj FRA:XXH
66 GF Score
Price €1.92
GF Value €1.23
Valuation Significantly Overvalued
! 3 Warning Signs
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What is SSH Communications Security Oyj Research & Development?

SSH Communications Security Oyj FRA:XXH +0.21% 66 Research & Development is €4.60 Mil as of Dec. 2025. GuruFocus rates FRA:XXH with a GF Score™ of 66/100 and a GF Value™ of €1.23 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. SSH Communications Security Oyj's Research & Development for the three months ended in Dec. 2025 was €2.40 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was €4.60 Mil.

SSH Communications Security Oyj  (FRA:XXH) 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.

SSH Communications Security Oyj Research & Development Related Terms

SSH Communications Security Oyj Research & Development Historical Data

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The historical data trend for SSH Communications Security Oyj'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.

SSH Communications Security Oyj Research & Development Chart

SSH Communications Security Oyj 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 5.84 7.21 7.85 8.86 9.88

SSH Communications Security Oyj Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 2.00 2.10 2.30 2.20 2.40
FRA:XXH
66GF Score
SSH Communications Security Oyj FRA:XXH
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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SSH Communications Security Oyj Research & Development Calculation

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

Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was €4.60 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 €4.60 Mil mean?
SSH Communications Security Oyj (FRA:XXH) has a Research & Development of €4.60 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on SSH Communications Security Oyj and its competitors.
Is SSH Communications Security Oyj's Research & Development too high?
SSH Communications Security Oyj's current Research & Development is €4.60 Mil. Overall, SSH Communications Security Oyj has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SSH Communications Security Oyj's Research & Development compare to MSFT and ORCL?
SSH Communications Security Oyj's Research & Development of €4.60 Mil can be compared against companies in the Software 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 Software company?
A good Research & Development depends on the Software 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 SSH Communications Security Oyj and its competitors. SSH Communications Security Oyj's current Research & Development is €4.60 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SSH Communications Security Oyj stock overvalued right now?
Based on GuruFocus' analysis, SSH Communications Security Oyj (FRA:XXH) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.23, compared to a current price of €1.92 — trading 56.4% above its estimated fair value. The current Research & Development is €4.60 Mil. SSH Communications Security Oyj's overall GF Score™ is 66/100 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 SSH Communications Security Oyj (FRA:XXH), the current Research & Development is €4.60 Mil as of Dec. 2025. 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 SSH Communications Security Oyj (FRA:XXH) Overvalued in 2026?

Based on GuruFocus' analysis, SSH Communications Security Oyj stock appears to be overvalued. The current stock price of €1.92 is trading 56.4% above its estimated GF Value™ of €1.23. GuruFocus considers SSH Communications Security Oyj to be Significantly Overvalued.

Key valuation signals for FRA:XXH:

  • Research & Development: €4.60 Mil
  • GF Value™: €1.23 vs. price of €1.92 (56.4% above fair value)
  • GF Score™: 66/100 with 3 warning signs

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

SSH Communications Security Oyj Business Description

Address Karvaamokuja 2B, Helsinki, FIN, 00380
SSH Communications Security Oyj is a provider of enterprise cybersecurity solutions that monitor, control, and automate trusted access to critical data. The company secures communications and access for and between humans, systems, and networks. The company provides software and professional services. The company products consist of Secure Mail, PrivX Hybrid PAM, Tectia SSH, and others. Geographically, the company provides its services to America, APAC, Europe, the Middle East and Africa (EMEA), and Finland. The company serves to customers from Finance, Retail, Industrial, Critical Infrastructure, Healthcare, and Government sectors.
66GF Score

Get the complete analysis for FRA:XXH

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

€1.92
Price
€1.23
GF Value