Nuernberger Beteiligungs AG (HAM:NBG6) Research & Development: €0 Mil (TTM As of Dec. 2025)


HAM:NBG6 Nuernberger Beteiligungs AG HAM:NBG6
55 GF Score
Price €121.50
GF Value €65.70
! 5 Warning Signs
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What is Nuernberger Beteiligungs AG Research & Development?

Nuernberger Beteiligungs AG HAM:NBG6 +0.41% 55 Research & Development is €0 Mil as of Dec. 2025. GuruFocus rates HAM:NBG6 with a GF Score™ of 55/100 and a GF Value™ of €65.70. The stock has 5 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Nuernberger Beteiligungs AG's Research & Development for the six months ended in Dec. 2025 was €0 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was €0 Mil.

Nuernberger Beteiligungs AG  (HAM:NBG6) 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.

Nuernberger Beteiligungs AG Research & Development Related Terms

Nuernberger Beteiligungs AG Research & Development Historical Data

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The historical data trend for Nuernberger Beteiligungs 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.

Nuernberger Beteiligungs AG Research & Development Chart

Nuernberger Beteiligungs AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
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Nuernberger Beteiligungs 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:NBG6
55GF Score
Nuernberger Beteiligungs AG HAM:NBG6
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Nuernberger Beteiligungs 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 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 Mil mean?
Nuernberger Beteiligungs AG (HAM:NBG6) has a Research & Development of €0 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on Nuernberger Beteiligungs AG and its competitors.
Is Nuernberger Beteiligungs AG's Research & Development too high?
Nuernberger Beteiligungs AG's current Research & Development is €0 Mil. Overall, Nuernberger Beteiligungs AG has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Nuernberger Beteiligungs AG's Research & Development compare to BRK.A and AIG?
Nuernberger Beteiligungs AG's Research & Development of €0 Mil can be compared against companies in the Insurance 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 Insurance company?
A good Research & Development depends on the Insurance 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 Nuernberger Beteiligungs AG and its competitors. Nuernberger Beteiligungs AG's current Research & Development is €0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuernberger Beteiligungs AG stock overvalued right now?
Nuernberger Beteiligungs AG (HAM:NBG6) has a current Research & Development of €0 Mil. The stock's GF Value™ is €65.70, compared to a current price of €121.50 — trading 84.9% above its estimated fair value. The current Research & Development is €0 Mil. Nuernberger Beteiligungs AG's overall GF Score™ is 55/100 with 5 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 Nuernberger Beteiligungs AG (HAM:NBG6), the current Research & Development is €0 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 Nuernberger Beteiligungs AG (HAM:NBG6) Overvalued in 2026?

Based on GuruFocus' analysis, Nuernberger Beteiligungs AG stock appears to be overvalued. The current stock price of €121.50 is trading 84.9% above its estimated GF Value™ of €65.70.

Key valuation signals for HAM:NBG6:

  • Research & Development: €0 Mil
  • GF Value™: €65.70 vs. price of €121.50 (84.9% above fair value)
  • GF Score™: 55/100 with 5 warning signs

No single metric tells the full story. See the HAM:NBG6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nuernberger Beteiligungs AG Business Description

Other Exchanges NBG6:Germany
Address Ostendstrasse 100, Nuernberg, DEU, 90334
Nuernberger Beteiligungs AG operates in the German financial services domain. Its prime focus is on offering insurance products that span the life, health, and property insurance products. The Life business area comprises of the company's subsidiaries engaged in the provision of life insurances, disability insurance, occupational pensions and various forms of risk insurance, and pension funds. The Health segment is concerned with the provision of health and supplementary insurance and the property insurance segment is responsible for the activities related to in property, casualty, accident insurance, as well as reinsurance. In addition, it provides banking services encompassing financial products, asset management, and investment services.
55GF Score

Get the complete analysis for HAM:NBG6

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

€121.50
Price
€65.70
GF Value