Aygaz AS (IST:AYGAZ) Research & Development: ₺47 Mil (TTM As of Mar. 2026)


IST:AYGAZ Aygaz AS IST:AYGAZ
57 GF Score
Price ₺211.00
GF Value ₺146.45
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Aygaz AS Research & Development?

Aygaz AS IST:AYGAZ -0.99% 57 Research & Development is ₺47 Mil as of Mar. 2026. GuruFocus rates IST:AYGAZ with a GF Score™ of 57/100 and a GF Value™ of ₺146.45 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Aygaz AS's Research & Development for the three months ended in Mar. 2026 was ₺13 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ₺47 Mil.

Aygaz AS  (IST:AYGAZ) 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.

Aygaz AS Research & Development Related Terms

Aygaz AS Research & Development Historical Data

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The historical data trend for Aygaz AS'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.

Aygaz AS Research & Development Chart

Aygaz AS 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 7.27 18.18 39.69 31.44 38.72

Aygaz AS 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 4.27 6.05 14.39 14.11 12.95
IST:AYGAZ
57GF Score
Aygaz AS IST:AYGAZ
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Aygaz AS 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 ₺47 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 ₺47 Mil mean?
Aygaz AS (IST:AYGAZ) has a Research & Development of ₺47 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Aygaz AS and its competitors.
Is Aygaz AS's Research & Development too high?
Aygaz AS's current Research & Development is ₺47 Mil. Overall, Aygaz AS has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aygaz AS's Research & Development compare to ATO and NI?
Aygaz AS's Research & Development of ₺47 Mil can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good Research & Development depends on the Utilities - Regulated 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 Aygaz AS and its competitors. Aygaz AS's current Research & Development is ₺47 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aygaz AS stock overvalued right now?
Based on GuruFocus' analysis, Aygaz AS (IST:AYGAZ) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺146.45, compared to a current price of ₺211.00 — trading 44.1% above its estimated fair value. The current Research & Development is ₺47 Mil. Aygaz AS's overall GF Score™ is 57/100 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 Aygaz AS (IST:AYGAZ), the current Research & Development is ₺47 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 Aygaz AS (IST:AYGAZ) Overvalued in 2026?

Based on GuruFocus' analysis, Aygaz AS stock appears to be overvalued. The current stock price of ₺211.00 is trading 44.1% above its estimated GF Value™ of ₺146.45. GuruFocus considers Aygaz AS to be Significantly Overvalued.

Key valuation signals for IST:AYGAZ:

  • Research & Development: ₺47 Mil
  • GF Value™: ₺146.45 vs. price of ₺211.00 (44.1% above fair value)
  • GF Score™: 57/100 with 5 warning signs

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

Aygaz AS Business Description

Address Buyukdere Caddesi No: 145-1, Aygaz Han, Zincirlikuyu, Sisli, Istanbul, TUR, 34394
Aygaz AS is a gas company engaged in the sale and distribution of liquefied petroleum gas, or LPG, and natural gas products in Turkey. The group has three operating segments which are LPG and gas, cargo transportation and distribution, petroleum products, and electricity. It generates the majority of its revenue from the LPG and gas segment.
57GF Score

Get the complete analysis for IST:AYGAZ

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

₺211.00
Price
₺146.45
GF Value