Honda Motor Co (MEX:HMCN) Research & Development: MXN183,594 Mil (TTM As of Mar. 2026)


MEX:HMCN Honda Motor Co Ltd MEX:HMCN
62 GF Score
Price MXN455.00
GF Value MXN627.27
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Honda Motor Co Research & Development?

Honda Motor Co MEX:HMCN 62 Research & Development is MXN183,594 Mil as of Mar. 2026. GuruFocus rates MEX:HMCN with a GF Score™ of 62/100 and a GF Value™ of MXN627.27 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Honda Motor Co's Research & Development for the three months ended in Mar. 2026 was MXN72,148 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was MXN183,594 Mil.

Honda Motor Co  (MEX:HMCN) 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.

Honda Motor Co Research & Development Related Terms

Honda Motor Co Research & Development Historical Data

* Premium members only.

The historical data trend for Honda Motor Co'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.

Honda Motor Co Research & Development Chart

Honda Motor Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 132,159.01 118,793.82 102,315.40 150,904.23 175,078.99

Honda Motor Co 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 48,485.73 38,176.56 36,140.19 37,129.52 72,148.21
MEX:HMCN
62GF Score
Honda Motor Co Ltd MEX:HMCN
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Honda Motor Co 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 MXN183,594 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 MXN183,594 Mil mean?
Honda Motor Co (MEX:HMCN) has a Research & Development of MXN183,594 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Honda Motor Co and its competitors.
Is Honda Motor Co's Research & Development too high?
Honda Motor Co's current Research & Development is MXN183,594 Mil. Overall, Honda Motor Co has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Honda Motor Co's Research & Development compare to TSLA and GM?
Honda Motor Co's Research & Development of MXN183,594 Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Research & Development depends on the Vehicles & Parts 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 Honda Motor Co and its competitors. Honda Motor Co's current Research & Development is MXN183,594 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honda Motor Co stock overvalued right now?
Based on GuruFocus' analysis, Honda Motor Co (MEX:HMCN) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN627.27, compared to a current price of MXN455.00 — trading 27.5% below its estimated fair value. The current Research & Development is MXN183,594 Mil. Honda Motor Co's overall GF Score™ is 62/100 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 Honda Motor Co (MEX:HMCN), the current Research & Development is MXN183,594 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 Honda Motor Co (MEX:HMCN) Overvalued in 2026?

Based on GuruFocus' analysis, Honda Motor Co stock appears to be undervalued. The current stock price of MXN455.00 is trading 27.5% below its estimated GF Value™ of MXN627.27. GuruFocus considers Honda Motor Co to be Modestly Undervalued.

Key valuation signals for MEX:HMCN:

  • Research & Development: MXN183,594 Mil
  • GF Value™: MXN627.27 vs. price of MXN455.00 (27.5% below fair value)
  • GF Score™: 62/100 with 5 warning signs

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

Honda Motor Co Business Description

Address Toranomon 2-chome, No.2-3, Minato-ku, Tokyo, JPN, 105-8404
Incorporated in 1948, Honda Motor was originally a motorcycle manufacturer. Today, the firm makes automobiles, motorcycles, and power products such as boat engines, generators, and lawnmowers. Including joint ventures, Honda sold 3.4 million light vehicles and 22.1 million motorcycles in fiscal 2026, and consolidated sales were JPY 21.8 trillion. Automobiles constitute 64% of revenue and motorcycles 18%, with the rest split between power products and financial services. Honda also makes robots and private jets.
62GF Score

Get the complete analysis for MEX:HMCN

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

MXN455.00
Price
MXN627.27
GF Value