Henkel AG KGaA (HAM:HEN) Research & Development: €630 Mil (TTM As of Dec. 2025)


HAM:HEN Henkel AG & Co KGaA HAM:HEN
76 GF Score
Price €68.10
GF Value €66.24
Valuation Fairly Valued
! 2 Warning Signs
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What is Henkel AG KGaA Research & Development?

Henkel AG KGaA HAM:HEN +3.26% 76 Research & Development is €630 Mil as of Dec. 2025. GuruFocus rates HAM:HEN with a GF Score™ of 76/100 and a GF Value™ of €66.24 (Fairly Valued). The stock has 2 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Henkel AG KGaA's Research & Development for the six months ended in Dec. 2025 was €325 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was €630 Mil.

Henkel AG KGaA  (HAM:HEN) 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.

Henkel AG KGaA Research & Development Related Terms

Henkel AG KGaA Research & Development Historical Data

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The historical data trend for Henkel AG KGaA'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.

Henkel AG KGaA Research & Development Chart

Henkel AG KGaA 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 727.00 570.00 587.00 634.00 630.00

Henkel AG KGaA Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 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 302.00 305.00 329.00 305.00 325.00
HAM:HEN
76GF Score
Henkel AG & Co KGaA HAM:HEN
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Henkel AG KGaA 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 €630 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 €630 Mil mean?
Henkel AG KGaA (HAM:HEN) has a Research & Development of €630 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on Henkel AG KGaA and its competitors.
Is Henkel AG KGaA's Research & Development too high?
Henkel AG KGaA's current Research & Development is €630 Mil. Overall, Henkel AG KGaA has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Henkel AG KGaA's Research & Development compare to PG and CL?
Henkel AG KGaA's Research & Development of €630 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Research & Development depends on the Consumer Packaged Goods 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 Henkel AG KGaA and its competitors. Henkel AG KGaA's current Research & Development is €630 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Henkel AG KGaA stock overvalued right now?
Based on GuruFocus' analysis, Henkel AG KGaA (HAM:HEN) is currently considered Fairly Valued. The stock's GF Value™ is €66.24, compared to a current price of €68.10 — trading 2.8% above its estimated fair value. The current Research & Development is €630 Mil. Henkel AG KGaA's overall GF Score™ is 76/100 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 Henkel AG KGaA (HAM:HEN), the current Research & Development is €630 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 Henkel AG KGaA (HAM:HEN) Overvalued in 2026?

Based on GuruFocus' analysis, Henkel AG KGaA stock appears to be overvalued. The current stock price of €68.10 is trading 2.8% above its estimated GF Value™ of €66.24. GuruFocus considers Henkel AG KGaA to be Fairly Valued.

Key valuation signals for HAM:HEN:

  • Research & Development: €630 Mil
  • GF Value™: €66.24 vs. price of €68.10 (2.8% above fair value)
  • GF Score™: 76/100 with 2 warning signs

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

Henkel AG KGaA Business Description

Address Henkelstrasse 67, Duesseldorf, NW, DEU, 40589
Two distinct customer groups constitute Henkel. The consumer segment (around 47% of consolidated 2025 sales) is laundry and homecare, including the Persil and Purex laundry detergent brands; haircare, including the Schwarzkopf brand; and other brands, including Dial in hand soap. The adhesive technologies segment makes up the remaining 53% of sales. Sales in Europe accounted for 38% of the firm's consolidated total in 2025, while Asia-Pacific and North America accounted for 17% and 26%, respectively.
76GF Score

Get the complete analysis for HAM:HEN

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

€68.10
Price
€66.24
GF Value