Enapter AG (HAM:H2O) Research & Development: €0.13 Mil (TTM As of Dec. 2025)


HAM:H2O Enapter AG HAM:H2O
55 GF Score
Price €1.25
GF Value €3.64
Valuation Possible Value Trap
! 8 Warning Signs
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What is Enapter AG Research & Development?

Enapter AG HAM:H2O +4.62% 55 Research & Development is €0.13 Mil as of Dec. 2025. GuruFocus rates HAM:H2O with a GF Score™ of 55/100 and a GF Value™ of €3.64 (Possible Value Trap). The stock has 8 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Enapter AG's Research & Development for the six months ended in Dec. 2025 was €0.06 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was €0.13 Mil.

Enapter AG  (HAM:H2O) 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.

Enapter AG Research & Development Related Terms

Enapter AG Research & Development Historical Data

* Premium members only.

The historical data trend for Enapter AG'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.

Enapter AG Research & Development Chart

Enapter AG Annual Data
Trend Dec07 Dec08 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.38 0.49 0.34 0.16 0.13

Enapter AG Semi-Annual Data
Jun09 Jun11 Jan17 Jul17 Jan18 Jul18 Jan19 Dec19 Jun20 Dec20 Jun21 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 0.15 0.12 0.04 0.07 0.06
HAM:H2O
55GF Score
Enapter AG HAM:H2O
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Enapter AG 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 semi-annually data reported by the company within the most recent 12 months, which was €0.13 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 €0.13 Mil mean?
Enapter AG (HAM:H2O) has a Research & Development of €0.13 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on Enapter AG and its competitors.
Is Enapter AG's Research & Development too high?
Enapter AG's current Research & Development is €0.13 Mil. Overall, Enapter AG has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Enapter AG's Research & Development compare to GEV and ETN?
Enapter AG's Research & Development of €0.13 Mil can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Research & Development depends on the Industrial Products 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 Enapter AG and its competitors. Enapter AG's current Research & Development is €0.13 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enapter AG stock overvalued right now?
Based on GuruFocus' analysis, Enapter AG (HAM:H2O) is currently considered Possible Value Trap. The stock's GF Value™ is €3.64, compared to a current price of €1.25 — trading 65.8% below its estimated fair value. The current Research & Development is €0.13 Mil. Enapter AG's overall GF Score™ is 55/100 with 8 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 Enapter AG (HAM:H2O), the current Research & Development is €0.13 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 Enapter AG (HAM:H2O) Overvalued in 2026?

Based on GuruFocus' analysis, Enapter AG stock appears to be undervalued. The current stock price of €1.25 is trading 65.8% below its estimated GF Value™ of €3.64. GuruFocus considers Enapter AG to be Possible Value Trap.

Key valuation signals for HAM:H2O:

  • Research & Development: €0.13 Mil
  • GF Value™: €3.64 vs. price of €1.25 (65.8% below fair value)
  • GF Score™: 55/100 with 8 warning signs

No single metric tells the full story. See the HAM:H2O stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Enapter AG Business Description

Other Exchanges H2O:Germany
Address Reinhardtstr. 35, Berlin, BB, DEU, 10117
Enapter AG is engaged in research and development in the field of hydrogen systems with a focus on electrolysis, project management in Renewable Energy Systems and Smart-Grid Technology, software development for Smart Grid, Smart Energy and Industry 4.0 and Internet of Things (IoT), and manufacturing and production, design, planning, trading and resale of electrolysers and similar products and related software and control systems. Specifically, the Enapter Group develops and manufactures patented electrolysers based on Anion Exchange Membrane (AEM) technology. the Group had only one reportable segment which is the design and production of hydrogen generators based on patented anion exchange membrane electrolysis (AEM electrolysis) and pursues.
55GF Score

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

€1.25
Price
€3.64
GF Value