NDEKY (Nitto Denko) Research & Development: $317 Mil (TTM As of Mar. 2026)


NDEKY Nitto Denko Corp NDEKY
83 GF Score
Price $19.55
GF Value $18.37
Valuation Fairly Valued
! 2 Warning Signs
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What is Nitto Denko Research & Development?

Nitto Denko NDEKY +0.15% 83 Research & Development is $317 Mil as of Mar. 2026. GuruFocus rates NDEKY with a GF Score™ of 83/100 and a GF Value™ of $18.37 (Fairly Valued). The stock has 2 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Nitto Denko's Research & Development for the three months ended in Mar. 2026 was $80 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was $317 Mil.

Nitto Denko  (OTCPK:NDEKY) 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.

Nitto Denko Research & Development Related Terms

Nitto Denko Research & Development Historical Data

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The historical data trend for Nitto Denko'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.

Nitto Denko Research & Development Chart

Nitto Denko 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 314.32 300.57 290.25 313.78 302.65

Nitto Denko 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 78.71 77.83 81.43 76.99 80.25
NDEKY
83GF Score
Nitto Denko Corp NDEKY
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Nitto Denko 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 $317 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 $317 Mil mean?
Nitto Denko (NDEKY) has a Research & Development of $317 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Nitto Denko and its competitors.
Is Nitto Denko's Research & Development too high?
Nitto Denko's current Research & Development is $317 Mil. Overall, Nitto Denko has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nitto Denko's Research & Development compare to LIN and SHW?
Nitto Denko's Research & Development of $317 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 Nitto Denko and its competitors. Nitto Denko's current Research & Development is $317 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitto Denko stock overvalued right now?
Based on GuruFocus' analysis, Nitto Denko (NDEKY) is currently considered Fairly Valued. The stock's GF Value™ is $18.37, compared to a current price of $19.55 — trading 6.4% above its estimated fair value. The current Research & Development is $317 Mil. Nitto Denko's overall GF Score™ is 83/100 with 2 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 Nitto Denko (NDEKY), the current Research & Development is $317 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 Nitto Denko (NDEKY) Overvalued in 2026?

Based on GuruFocus' analysis, Nitto Denko stock appears to be overvalued. The current stock price of $19.55 is trading 6.4% above its estimated GF Value™ of $18.37. GuruFocus considers Nitto Denko to be Fairly Valued.

Key valuation signals for NDEKY:

  • Research & Development: $317 Mil
  • GF Value™: $18.37 vs. price of $19.55 (6.4% above fair value)
  • GF Score™: 83/100 with 2 warning signs

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

Nitto Denko Business Description

Address 4-20 Ofukacho, 33rd Floor, Tower A, Grand Front Osaka, Kita-ku, Osaka, JPN, 530-0011
Nitto Denko is a manufacturer of advanced materials for niche industry applications. Its three segments are industrial tape (35% of revenue), optical films (55%), and materials used in health science (10%). Its advanced materials are used in manufacturing with main customers being suppliers to original equipment manufacturers in the computer, smartphone, and automobile industries. The company has more than 15,000 products. Most revenue is from Asia/Oceania (60%), followed by Japan (20%). The remainder is roughly equally split between Americas and Europe, each representing about 10% of revenue.
83GF Score

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

$19.55
Price
$18.37
GF Value