Meituan (MEX:3690N) Research & Development: MXN70,677 Mil (TTM As of Mar. 2026)


MEX:3690N Meituan MEX:3690N
74 GF Score
Price MXN155.57
GF Value MXN518.92
! 3 Warning Signs
View Full Analysis

What is Meituan Research & Development?

Meituan MEX:3690N 74 Research & Development is MXN70,677 Mil as of Mar. 2026. GuruFocus rates MEX:3690N with a GF Score™ of 74/100 and a GF Value™ of MXN518.92. The stock has 3 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Meituan's Research & Development for the three months ended in Mar. 2026 was MXN18,428 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was MXN70,677 Mil.

Meituan  (MEX:3690N) 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.

Meituan Research & Development Related Terms

Meituan Research & Development Historical Data

* Premium members only.

The historical data trend for Meituan'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.

Meituan Research & Development Chart

Meituan 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 53,708.12 57,997.96 50,400.71 60,308.43 66,463.68

Meituan Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 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 16,289.21 16,415.86 17,863.53 17,970.17 18,427.78
MEX:3690N
74GF Score
Meituan MEX:3690N
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Meituan 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 MXN70,677 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 MXN70,677 Mil mean?
Meituan (MEX:3690N) has a Research & Development of MXN70,677 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Meituan and its competitors.
Is Meituan's Research & Development too high?
Meituan's current Research & Development is MXN70,677 Mil. Overall, Meituan has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Meituan's Research & Development compare to AMZN and BABA?
Meituan's Research & Development of MXN70,677 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Research & Development depends on the Retail - Cyclical 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 Meituan and its competitors. Meituan's current Research & Development is MXN70,677 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meituan stock overvalued right now?
Meituan (MEX:3690N) has a current Research & Development of MXN70,677 Mil. The stock's GF Value™ is MXN518.92, compared to a current price of MXN155.57 — trading 70% below its estimated fair value. The current Research & Development is MXN70,677 Mil. Meituan's overall GF Score™ is 74/100 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 Meituan (MEX:3690N), the current Research & Development is MXN70,677 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 Meituan (MEX:3690N) Overvalued in 2026?

Based on GuruFocus' analysis, Meituan stock appears to be undervalued. The current stock price of MXN155.57 is trading 70% below its estimated GF Value™ of MXN518.92.

Key valuation signals for MEX:3690N:

  • Research & Development: MXN70,677 Mil
  • GF Value™: MXN518.92 vs. price of MXN155.57 (70% below fair value)
  • GF Score™: 74/100 with 3 warning signs

No single metric tells the full story. See the MEX:3690N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Meituan Business Description

Address No. 4 Wang Jing East Road, Block B and C, Hengjiweiye Building, Chaoyang District, Beijing, CHN, 100102
Despite intense competition, Meituan remains the largest food delivery platform in China as of April 2026, according to our estimates. In 2025, the firm generated 72% of its revenue from the core local commerce segment, which includes on-demand food delivery and retail, in-store services (such as visiting beauty and entertainment stores after purchasing deals on Meituan), and hotel and travel booking. The remaining revenue came from the new initiatives segment, such as the community group purchase business Meituan Select and the overseas food delivery business.
74GF Score

Get the complete analysis for MEX:3690N

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

MXN155.57
Price
MXN518.92
GF Value