Covestro AG (MIL:11COV) Research & Development: €342 Mil (TTM As of Dec. 2025)


MIL:11COV Covestro AG MIL:11COV
60 GF Score
Price €56.90
GF Value €48.20
! 7 Warning Signs
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What is Covestro AG Research & Development?

Covestro AG MIL:11COV 60 Research & Development is €342 Mil as of Dec. 2025. GuruFocus rates MIL:11COV with a GF Score™ of 60/100 and a GF Value™ of €48.20. The stock has 7 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Covestro AG's Research & Development for the three months ended in Dec. 2025 was €87 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was €342 Mil.

Covestro AG  (MIL:11COV) 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.

Covestro AG Research & Development Related Terms

Covestro AG Research & Development Historical Data

* Premium members only.

The historical data trend for Covestro AG'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.

Covestro AG Research & Development Chart

Covestro AG 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 341.00 361.00 374.00 392.00 342.00

Covestro AG Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 118.00 90.00 84.00 81.00 87.00
MIL:11COV
60GF Score
Covestro AG MIL:11COV
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Covestro AG Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was €342 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 €342 Mil mean?
Covestro AG (MIL:11COV) has a Research & Development of €342 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on Covestro AG and its competitors.
Is Covestro AG's Research & Development too high?
Covestro AG's current Research & Development is €342 Mil. Overall, Covestro AG has a GF Score™ of 60/100, reflecting its overall financial health beyond just this single metric.
How does Covestro AG's Research & Development compare to LIN and SHW?
Covestro AG's Research & Development of €342 Mil can be compared against companies in the Chemicals 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 Chemicals company?
A good Research & Development depends on the Chemicals 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 Covestro AG and its competitors. Covestro AG's current Research & Development is €342 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Covestro AG stock overvalued right now?
Covestro AG (MIL:11COV) has a current Research & Development of €342 Mil. The stock's GF Value™ is €48.20, compared to a current price of €56.90 — trading 18% above its estimated fair value. The current Research & Development is €342 Mil. Covestro AG's overall GF Score™ is 60/100 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 Covestro AG (MIL:11COV), the current Research & Development is €342 Mil as of Dec. 2025. 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 Covestro AG (MIL:11COV) Overvalued in 2026?

Based on GuruFocus' analysis, Covestro AG stock appears to be overvalued. The current stock price of €56.90 is trading 18% above its estimated GF Value™ of €48.20.

Key valuation signals for MIL:11COV:

  • Research & Development: €342 Mil
  • GF Value™: €48.20 vs. price of €56.90 (18% above fair value)
  • GF Score™: 60/100 with 7 warning signs

No single metric tells the full story. See the MIL:11COV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Covestro AG Business Description

Other Exchanges COVTY:USA1COV:Germany
Address Kaiser-Wilhelm-Allee 60, Leverkusen, NW, DEU, 51373
Covestro AG is a player in the polymer materials field. The firm is engaged in polyurethanes and polycarbonates products. It also has a sizable speciality chemicals business that is focused on coatings and adhesives. Demand for the company's products is driven by cyclical end markets, such as automotive, construction, and furniture. The company's segment includes Performance Materials and Solutions & Specialties. The company generates the majority of its revenue from the Solutions & Specialties segment. The Solutions & Specialties segment includes six business entities: Engineering Plastics; Coatings & Adhesives; Tailored Urethanes; Thermoplastic Polyurethanes; Specialty Films; and Elastomers.
60GF Score

Get the complete analysis for MIL:11COV

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

€56.90
Price
€48.20
GF Value