Pyramid AG (HAM:M3B0) Research & Development: €0.00 Mil (TTM As of Dec. 2025)

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HAM:M3B0 Pyramid AG HAM:M3B0
38 GF Score
Price €1.33
GF Value €4.25
Valuation Possible Value Trap
! 3 Warning Signs
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What is Pyramid AG Research & Development?

Pyramid AG HAM:M3B0 38 Research & Development is €0.00 Mil as of Dec. 2025. GuruFocus rates HAM:M3B0 with a GF Score™ of 38/100 and a GF Value™ of €4.25 (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. Pyramid AG's Research & Development for the six months ended in Dec. 2025 was €0.00 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was €0.00 Mil.

Pyramid AG  (HAM:M3B0) 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.

Pyramid AG Research & Development Related Terms

Pyramid AG Research & Development Historical Data

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The historical data trend for Pyramid 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.

Pyramid AG Research & Development Chart

Pyramid AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
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Pyramid AG 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 0.00 0.00 0.00 0.00 0.00
HAM:M3B0
38GF Score
Pyramid AG HAM:M3B0
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Pyramid 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 €0.00 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 €0.00 Mil mean?
Pyramid AG (HAM:M3B0) has a Research & Development of €0.00 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on Pyramid AG and its competitors.
Is Pyramid AG's Research & Development too high?
Pyramid AG's current Research & Development is €0.00 Mil. Overall, Pyramid AG has a GF Score™ of 38/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Pyramid AG's Research & Development compare to BLK and BX?
Pyramid AG's Research & Development of €0.00 Mil can be compared against companies in the Asset Management 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 Asset Management company?
A good Research & Development depends on the Asset Management 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 Pyramid AG and its competitors. Pyramid AG's current Research & Development is €0.00 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pyramid AG stock overvalued right now?
Based on GuruFocus' analysis, Pyramid AG (HAM:M3B0) is currently considered Possible Value Trap. The stock's GF Value™ is €4.25, compared to a current price of €1.33 — trading 68.7% below its estimated fair value. The current Research & Development is €0.00 Mil. Pyramid AG's overall GF Score™ is 38/100 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 Pyramid AG (HAM:M3B0), the current Research & Development is €0.00 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 Pyramid AG (HAM:M3B0) Overvalued in 2026?

Based on GuruFocus' analysis, Pyramid AG stock appears to be undervalued. The current stock price of €1.33 is trading 68.7% below its estimated GF Value™ of €4.25. GuruFocus considers Pyramid AG to be Possible Value Trap.

Key valuation signals for HAM:M3B0:

  • Research & Development: €0.00 Mil
  • GF Value™: €4.25 vs. price of €1.33 (68.7% below fair value)
  • GF Score™: 38/100 with 3 warning signs

No single metric tells the full story. See the HAM:M3B0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Pyramid AG Business Description

Other Exchanges M3B0:Germany
Address Sendlinger-Tor-Platz 8, Munich, DEU, 80336
Pyramid AG Formerly mic AG is an investment company. It invests in young technology companies in the field of fiber optics, clean tech, software, microsystems and IT among others. The portfolio comprises of Aifotec AG, 3-Edge Gmbh, and FiSec Gmbh and among others. Its portfolio comprises of u-GPS Optics GmbH, a developer of a technology for three-dimensional (3D) optical measurements, Flores Solar Water GmbH, which develops a low-cost water treatment plant that uses solar thermal energy.
38GF Score

Get the complete analysis for HAM:M3B0

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

€1.33
Price
€4.25
GF Value