Sandvik AB (HAM:SVKB) Research & Development: €412 Mil (TTM As of Mar. 2026)


HAM:SVKB Sandvik AB HAM:SVKB
81 GF Score
Price €35.49
GF Value €20.49
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Sandvik AB Research & Development?

Sandvik AB HAM:SVKB -2.20% 81 Research & Development is €412 Mil as of Mar. 2026. GuruFocus rates HAM:SVKB with a GF Score™ of 81/100 and a GF Value™ of €20.49 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Sandvik AB's Research & Development for the three months ended in Mar. 2026 was €103 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was €412 Mil.

Sandvik AB  (HAM:SVKB) 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.

Sandvik AB Research & Development Related Terms

Sandvik AB Research & Development Historical Data

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The historical data trend for Sandvik AB'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.

Sandvik AB Research & Development Chart

Sandvik AB 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 337.66 380.68 401.30 417.99 417.37

Sandvik AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 105.26 111.42 89.81 107.88 103.14
HAM:SVKB
81GF Score
Sandvik AB HAM:SVKB
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Sandvik AB Research & Development Calculation

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

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €412 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 €412 Mil mean?
Sandvik AB (HAM:SVKB) has a Research & Development of €412 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Sandvik AB and its competitors.
Is Sandvik AB's Research & Development too high?
Sandvik AB's current Research & Development is €412 Mil. Overall, Sandvik AB has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sandvik AB's Research & Development compare to GEV and ETN?
Sandvik AB's Research & Development of €412 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 Sandvik AB and its competitors. Sandvik AB's current Research & Development is €412 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sandvik AB stock overvalued right now?
Based on GuruFocus' analysis, Sandvik AB (HAM:SVKB) is currently considered Significantly Overvalued. The stock's GF Value™ is €20.49, compared to a current price of €35.49 — trading 73.2% above its estimated fair value. The current Research & Development is €412 Mil. Sandvik AB's overall GF Score™ is 81/100 with 7 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 Sandvik AB (HAM:SVKB), the current Research & Development is €412 Mil as of Mar. 2026. 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 Sandvik AB (HAM:SVKB) Overvalued in 2026?

Based on GuruFocus' analysis, Sandvik AB stock appears to be overvalued. The current stock price of €35.49 is trading 73.2% above its estimated GF Value™ of €20.49. GuruFocus considers Sandvik AB to be Significantly Overvalued.

Key valuation signals for HAM:SVKB:

  • Research & Development: €412 Mil
  • GF Value™: €20.49 vs. price of €35.49 (73.2% above fair value)
  • GF Score™: 81/100 with 7 warning signs

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

Sandvik AB Business Description

Address Kungsbron 1, Section G, Floor 5, Stockholm, SWE, 111 22
Sandvik is a manufacturer of specialized tools and mining equipment used predominantly by global mining, engineering, and automotive customers. The group is composed of three segments: mining and rock solutions, rock processing, and machining. Sandvik was founded in 1862 and listed on the Nordic Exchange in Stockholm in 1901.
81GF Score

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

€35.49
Price
€20.49
GF Value