Smiths Group (LSE:SMIN) Research & Development: £0 Mil (TTM As of Jan. 2026)


LSE:SMIN Smiths Group PLC LSE:SMIN
66 GF Score
Price £25.68
GF Value £13.94
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Smiths Group Research & Development?

Smiths Group LSE:SMIN -0.96% 66 Research & Development is £0 Mil as of Jan. 2026. GuruFocus rates LSE:SMIN with a GF Score™ of 66/100 and a GF Value™ of £13.94 (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. Smiths Group's Research & Development for the six months ended in Jan. 2026 was £0 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Jan. 2026 was £0 Mil.

Smiths Group  (LSE:SMIN) 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.

Smiths Group Research & Development Related Terms

Smiths Group Research & Development Historical Data

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The historical data trend for Smiths 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.

Smiths Group Research & Development Chart

Smiths Group Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Research & Development
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Smiths Group Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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LSE:SMIN
66GF Score
Smiths Group PLC LSE:SMIN
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Smiths 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 Jan. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was £0 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 £0 Mil mean?
Smiths Group (LSE:SMIN) has a Research & Development of £0 Mil as of Jan. 2026. Research and development expense is the total cost for research and development activities. View historical data on Smiths Group and its competitors.
Is Smiths Group's Research & Development too high?
Smiths Group's current Research & Development is £0 Mil. Overall, Smiths Group has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Smiths Group's Research & Development compare to GEV and ETN?
Smiths Group's Research & Development of £0 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 Smiths Group and its competitors. Smiths Group's current Research & Development is £0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smiths Group stock overvalued right now?
Based on GuruFocus' analysis, Smiths Group (LSE:SMIN) is currently considered Significantly Overvalued. The stock's GF Value™ is £13.94, compared to a current price of £25.68 — trading 84.2% above its estimated fair value. The current Research & Development is £0 Mil. Smiths Group's overall GF Score™ is 66/100 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 Smiths Group (LSE:SMIN), the current Research & Development is £0 Mil as of Jan. 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 Smiths Group (LSE:SMIN) Overvalued in 2026?

Based on GuruFocus' analysis, Smiths Group stock appears to be overvalued. The current stock price of £25.68 is trading 84.2% above its estimated GF Value™ of £13.94. GuruFocus considers Smiths Group to be Significantly Overvalued.

Key valuation signals for LSE:SMIN:

  • Research & Development: £0 Mil
  • GF Value™: £13.94 vs. price of £25.68 (84.2% above fair value)
  • GF Score™: 66/100 with 5 warning signs

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

Smiths Group Business Description

Address 255 Blackfriars Road, Level 10, London, GBR, SE1 9AX
Smiths Group is a UK-based industrial technology company focused on engineered solutions for fluid and energy management, following the agreed divestments of its Detection and Interconnect divisions. Its two core businesses—John Crane and Flex-Tek - serve critical infrastructure, energy, aerospace, HVAC, and industrial markets. John Crane supplies mechanical seals, filtration systems, and condition-monitoring technologies used in rotating equipment, with a high-margin, recurring aftermarket business. Flex-Tek provides specialized tubing, heating components, and ducting systems primarily for US HVAC and aerospace OEMs.
66GF Score

Get the complete analysis for LSE:SMIN

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

£25.68
Price
£13.94
GF Value