MPNGY (Meituan) Research & Development: $3,866 Mil (TTM As of Mar. 2026)


MPNGY Meituan MPNGY
60 GF Score
Price $17.22
GF Value $41.11
Valuation Possible Value Trap
! 3 Warning Signs
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What is Meituan Research & Development?

Meituan MPNGY -3.48% 60 Research & Development is $3,866 Mil as of Mar. 2026. GuruFocus rates MPNGY with a GF Score™ of 60/100 and a GF Value™ of $41.11 (Possible Value Trap). 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 $1,022 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was $3,866 Mil.

Meituan  (OTCPK:MPNGY) 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 2,618.12 2,974.87 2,969.25 2,891.70 3,691.26

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 796.22 871.83 973.80 998.03 1,021.91
MPNGY
60GF Score
Meituan MPNGY
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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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 $3,866 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 $3,866 Mil mean?
Meituan (MPNGY) has a Research & Development of $3,866 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 $3,866 Mil. Overall, Meituan has a GF Score™ of 60/100 and is considered Possible Value Trap, 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 $3,866 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 $3,866 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?
Based on GuruFocus' analysis, Meituan (MPNGY) is currently considered Possible Value Trap. The stock's GF Value™ is $41.11, compared to a current price of $17.22 — trading 58.1% below its estimated fair value. The current Research & Development is $3,866 Mil. Meituan's overall GF Score™ is 60/100 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 (MPNGY), the current Research & Development is $3,866 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 (MPNGY) Overvalued in 2026?

Based on GuruFocus' analysis, Meituan stock appears to be undervalued. The current stock price of $17.22 is trading 58.1% below its estimated GF Value™ of $41.11. GuruFocus considers Meituan to be Possible Value Trap.

Key valuation signals for MPNGY:

  • Research & Development: $3,866 Mil
  • GF Value™: $41.11 vs. price of $17.22 (58.1% below fair value)
  • GF Score™: 60/100 with 3 warning signs

No single metric tells the full story. See the MPNGY 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.
60GF Score

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

$17.22
Price
$41.11
GF Value