PT Victoria Investama Tbk (ISX:VICO) Research & Development: Rp17,462 Mil (TTM As of Mar. 2026)


ISX:VICO PT Victoria Investama Tbk ISX:VICO
77 GF Score
Price Rp139.00
GF Value Rp160.22
Valuation Modestly Undervalued
! 3 Warning Signs
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What is PT Victoria Investama Tbk Research & Development?

PT Victoria Investama Tbk ISX:VICO 77 Research & Development is Rp17,462 Mil as of Mar. 2026. GuruFocus rates ISX:VICO with a GF Score™ of 77/100 and a GF Value™ of Rp160.22 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. PT Victoria Investama Tbk's Research & Development for the three months ended in Mar. 2026 was Rp6,617 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was Rp17,462 Mil.

PT Victoria Investama Tbk  (ISX:VICO) 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.

PT Victoria Investama Tbk Research & Development Related Terms

PT Victoria Investama Tbk Research & Development Historical Data

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The historical data trend for PT Victoria Investama Tbk'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.

PT Victoria Investama Tbk Research & Development Chart

PT Victoria Investama Tbk 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 4,084.72 5,126.00 7,152.12 13,255.63 14,891.97

PT Victoria Investama Tbk 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 4,046.88 2,086.64 3,668.00 5,090.45 6,616.52
ISX:VICO
77GF Score
PT Victoria Investama Tbk ISX:VICO
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Victoria Investama Tbk 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 Rp17,462 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 Rp17,462 Mil mean?
PT Victoria Investama Tbk (ISX:VICO) has a Research & Development of Rp17,462 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on PT Victoria Investama Tbk and its competitors.
Is PT Victoria Investama Tbk's Research & Development too high?
PT Victoria Investama Tbk's current Research & Development is Rp17,462 Mil. Overall, PT Victoria Investama Tbk has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Victoria Investama Tbk's Research & Development compare to BLK and BX?
PT Victoria Investama Tbk's Research & Development of Rp17,462 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 PT Victoria Investama Tbk and its competitors. PT Victoria Investama Tbk's current Research & Development is Rp17,462 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Victoria Investama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Victoria Investama Tbk (ISX:VICO) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp160.22, compared to a current price of Rp139.00 — trading 13.2% below its estimated fair value. The current Research & Development is Rp17,462 Mil. PT Victoria Investama Tbk's overall GF Score™ is 77/100 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 PT Victoria Investama Tbk (ISX:VICO), the current Research & Development is Rp17,462 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 PT Victoria Investama Tbk (ISX:VICO) Overvalued in 2026?

Based on GuruFocus' analysis, PT Victoria Investama Tbk stock appears to be undervalued. The current stock price of Rp139.00 is trading 13.2% below its estimated GF Value™ of Rp160.22. GuruFocus considers PT Victoria Investama Tbk to be Modestly Undervalued.

Key valuation signals for ISX:VICO:

  • Research & Development: Rp17,462 Mil
  • GF Value™: Rp160.22 vs. price of Rp139.00 (13.2% below fair value)
  • GF Score™: 77/100 with 3 warning signs

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

PT Victoria Investama Tbk Business Description

Address Jalan Jend. Gatot Subroto Kav. 23, Graha BIP, Lantai 3A, South jakarta, Karet Semanggi, Setiabudi, Jakarta, IDN, 12930
PT Victoria Investama Tbk is a holding company engaged in the investment sector, with a focus on providing integrated financial services for both corporate clients and retail customers. It provides various services including Securities Trading, Securities Underwriting, Asset Management, General Insurance, Life Insurance, as well as Banking. The company's segments include consulting services, underwriting and securities trading brokerage, loss insurance, investment management, life insurance and banking. The banking segment is the main revenue contributor.
77GF Score

Get the complete analysis for ISX:VICO

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

Rp139.00
Price
Rp160.22
GF Value