Tharisa (JSE:THA) Research & Development: R3 Mil (TTM As of Mar. 2026)


JSE:THA Tharisa PLC JSE:THA
88 GF Score
Price R24.35
GF Value R17.83
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Tharisa Research & Development?

Tharisa JSE:THA +0.21% 88 Research & Development is R3 Mil as of Mar. 2026. GuruFocus rates JSE:THA with a GF Score™ of 88/100 and a GF Value™ of R17.83 (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. Tharisa's Research & Development for the six months ended in Mar. 2026 was R6 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was R3 Mil.

Tharisa  (JSE:THA) 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.

Tharisa Research & Development Related Terms

Tharisa Research & Development Historical Data

* Premium members only.

The historical data trend for Tharisa'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.

Tharisa Research & Development Chart

Tharisa Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.83 12.18 23.65 18.09 5.93

Tharisa Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 8.18 10.45 9.53 -3.17 6.11
JSE:THA
88GF Score
Tharisa PLC JSE:THA
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Tharisa 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 semi-annually data reported by the company within the most recent 12 months, which was R3 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 R3 Mil mean?
Tharisa (JSE:THA) has a Research & Development of R3 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Tharisa and its competitors.
Is Tharisa's Research & Development too high?
Tharisa's current Research & Development is R3 Mil. Overall, Tharisa has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tharisa's Research & Development compare to HL?
Tharisa's Research & Development of R3 Mil can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Research & Development depends on the Metals & Mining 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 Tharisa and its competitors. Tharisa's current Research & Development is R3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tharisa stock overvalued right now?
Based on GuruFocus' analysis, Tharisa (JSE:THA) is currently considered Significantly Overvalued. The stock's GF Value™ is R17.83, compared to a current price of R24.35 — trading 36.6% above its estimated fair value. The current Research & Development is R3 Mil. Tharisa's overall GF Score™ is 88/100 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 Tharisa (JSE:THA), the current Research & Development is R3 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 Tharisa (JSE:THA) Overvalued in 2026?

Based on GuruFocus' analysis, Tharisa stock appears to be overvalued. The current stock price of R24.35 is trading 36.6% above its estimated GF Value™ of R17.83. GuruFocus considers Tharisa to be Significantly Overvalued.

Key valuation signals for JSE:THA:

  • Research & Development: R3 Mil
  • GF Value™: R17.83 vs. price of R24.35 (36.6% above fair value)
  • GF Score™: 88/100 with 7 warning signs

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

Tharisa Business Description

Other Exchanges TIHRF:USATHS:UK7YZ:Germany
Address 17 Neophytou Nicolaides and Kilkis Street, Offices 108-110, Sofoklis Pittokopitis Business Centre, Paphos, CYP, 8011
Tharisa PLC is an investment holding company. The company, along with its subsidiaries, is engaged in the exploitation of metals and minerals, principally PGMs and chrome and associated sales and logistics operations. It incorporates mining, processing, exploration, and the beneficiation, marketing, sales, and logistics of PGMs and chrome concentrates, using innovation and technology as enablers. The company operates through the following four segments: PGM segment, Chrome segment, Agency and trading segment, and Manufacturing segment. The majority of the revenue is derived from the Chrome segment. Geographically, it generates the maximum revenue from South Africa.
88GF Score

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

R24.35
Price
R17.83
GF Value