Smartiks Yazilim AS (IST:SMART) Research & Development: ₺107.8 Mil (TTM As of Mar. 2026)


IST:SMART Smartiks Yazilim AS IST:SMART
68 GF Score
Price ₺32.22
GF Value ₺19.48
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Smartiks Yazilim AS Research & Development?

Smartiks Yazilim AS IST:SMART -1.41% 68 Research & Development is ₺107.8 Mil as of Mar. 2026. GuruFocus rates IST:SMART with a GF Score™ of 68/100 and a GF Value™ of ₺19.48 (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. Smartiks Yazilim AS's Research & Development for the three months ended in Mar. 2026 was ₺25.5 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was ₺107.8 Mil.

Smartiks Yazilim AS  (IST:SMART) 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.

Smartiks Yazilim AS Research & Development Related Terms

Smartiks Yazilim AS Research & Development Historical Data

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The historical data trend for Smartiks Yazilim 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.

Smartiks Yazilim AS Research & Development Chart

Smartiks Yazilim 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 11.45 68.97 98.43 112.03 104.71

Smartiks Yazilim 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 22.58 37.10 24.93 20.24 25.49
IST:SMART
68GF Score
Smartiks Yazilim AS IST:SMART
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Smartiks Yazilim 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 ₺107.8 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 ₺107.8 Mil mean?
Smartiks Yazilim AS (IST:SMART) has a Research & Development of ₺107.8 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Smartiks Yazilim AS and its competitors.
Is Smartiks Yazilim AS's Research & Development too high?
Smartiks Yazilim AS's current Research & Development is ₺107.8 Mil. Overall, Smartiks Yazilim AS has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Smartiks Yazilim AS's Research & Development compare to MSFT and ORCL?
Smartiks Yazilim AS's Research & Development of ₺107.8 Mil can be compared against companies in the Software 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 Software company?
A good Research & Development depends on the Software 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 Smartiks Yazilim AS and its competitors. Smartiks Yazilim AS's current Research & Development is ₺107.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smartiks Yazilim AS stock overvalued right now?
Based on GuruFocus' analysis, Smartiks Yazilim AS (IST:SMART) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺19.48, compared to a current price of ₺32.22 — trading 65.4% above its estimated fair value. The current Research & Development is ₺107.8 Mil. Smartiks Yazilim AS's overall GF Score™ is 68/100 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 Smartiks Yazilim AS (IST:SMART), the current Research & Development is ₺107.8 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 Smartiks Yazilim AS (IST:SMART) Overvalued in 2026?

Based on GuruFocus' analysis, Smartiks Yazilim AS stock appears to be overvalued. The current stock price of ₺32.22 is trading 65.4% above its estimated GF Value™ of ₺19.48. GuruFocus considers Smartiks Yazilim AS to be Significantly Overvalued.

Key valuation signals for IST:SMART:

  • Research & Development: ₺107.8 Mil
  • GF Value™: ₺19.48 vs. price of ₺32.22 (65.4% above fair value)
  • GF Score™: 68/100 with 7 warning signs

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

Smartiks Yazilim AS Business Description

Address Eski Londra Asfalti Caddesi No:151/E, D:2 Blok Z06, ifte Havuzlar Mahallesi, YTU Davutpasa Kampusu Teknopark Teknoloji Gelistir, Esenler, Istanbul, TUR
Smartiks Yazilim AS is engaged in providing effective business solutions, software development and consultancy services. The services are offered to health, insurance, banking and finance, retail, telecom and various other sectors. The consultancy services are grouped under Enterprise Software Development/Consultancy and Technology Solutions Consultancy.
68GF Score

Get the complete analysis for IST:SMART

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

₺32.22
Price
₺19.48
GF Value