MingYang Smart Energy Group (LSE:MYSE) Research & Development: $110 Mil (TTM As of Mar. 2026)


LSE:MYSE MingYang Smart Energy Group Ltd LSE:MYSE
77 GF Score
Price $11.70
GF Value $17.22
Valuation Possible Value Trap
! 10 Warning Signs
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What is MingYang Smart Energy Group Research & Development?

MingYang Smart Energy Group LSE:MYSE 77 Research & Development is $110 Mil as of Mar. 2026. GuruFocus rates LSE:MYSE with a GF Score™ of 77/100 and a GF Value™ of $17.22 (Possible Value Trap). The stock has 10 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. MingYang Smart Energy Group's Research & Development for the three months ended in Mar. 2026 was $32 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was $110 Mil.

MingYang Smart Energy Group  (LSE:MYSE) 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.

MingYang Smart Energy Group Research & Development Related Terms

MingYang Smart Energy Group Research & Development Historical Data

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The historical data trend for MingYang Smart Energy Group'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.

MingYang Smart Energy Group Research & Development Chart

MingYang Smart Energy Group 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 136.97 121.03 84.64 77.27 109.28

MingYang Smart Energy Group 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 29.45 32.68 18.69 26.75 31.95
LSE:MYSE
77GF Score
MingYang Smart Energy Group Ltd LSE:MYSE
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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MingYang Smart Energy Group 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 $110 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 $110 Mil mean?
MingYang Smart Energy Group (LSE:MYSE) has a Research & Development of $110 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on MingYang Smart Energy Group and its competitors.
Is MingYang Smart Energy Group's Research & Development too high?
MingYang Smart Energy Group's current Research & Development is $110 Mil. Overall, MingYang Smart Energy Group has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does MingYang Smart Energy Group's Research & Development compare to GEV and ETN?
MingYang Smart Energy Group's Research & Development of $110 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 MingYang Smart Energy Group and its competitors. MingYang Smart Energy Group's current Research & Development is $110 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MingYang Smart Energy Group stock overvalued right now?
Based on GuruFocus' analysis, MingYang Smart Energy Group (LSE:MYSE) is currently considered Possible Value Trap. The stock's GF Value™ is $17.22, compared to a current price of $11.70 — trading 32.1% below its estimated fair value. The current Research & Development is $110 Mil. MingYang Smart Energy Group's overall GF Score™ is 77/100 with 10 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 MingYang Smart Energy Group (LSE:MYSE), the current Research & Development is $110 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 MingYang Smart Energy Group (LSE:MYSE) Overvalued in 2026?

Based on GuruFocus' analysis, MingYang Smart Energy Group stock appears to be undervalued. The current stock price of $11.70 is trading 32.1% below its estimated GF Value™ of $17.22. GuruFocus considers MingYang Smart Energy Group to be Possible Value Trap.

Key valuation signals for LSE:MYSE:

  • Research & Development: $110 Mil
  • GF Value™: $17.22 vs. price of $11.70 (32.1% below fair value)
  • GF Score™: 77/100 with 10 warning signs

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

MingYang Smart Energy Group Business Description

Other Exchanges 601615:China
Address No. 22 Huoju Road, Mingyang Industrial Park, Zhongshan Torch High-tech Industrial Development Z, Zhongshan, Guangdong, CHN, 528400
MingYang Smart Energy Group Ltd is a wind turbine manufacturer that provides accessible green and smart energy and a full lifecycle renewable solutions provider. The Group's business is divided into segments namely High-end energy equipment manufacturing sector, wind turbine equipment manufacturing and sales, Operation and maintenance services and photovoltaic products manufacturing and sales; and Energy products and services sector includes construction, management, and operation of energy investment projects, power demand side management, energy efficiency management.
77GF Score

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

$11.70
Price
$17.22
GF Value