Vestas Wind Systems AS (OCSE:VWS) Research & Development: kr3,106 Mil (TTM As of Mar. 2026)


OCSE:VWS Vestas Wind Systems AS OCSE:VWS
85 GF Score
Price kr170.85
GF Value kr190.86
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Vestas Wind Systems AS Research & Development?

Vestas Wind Systems AS OCSE:VWS -2.59% 85 Research & Development is kr3,106 Mil as of Mar. 2026. GuruFocus rates OCSE:VWS with a GF Score™ of 85/100 and a GF Value™ of kr190.86 (Modestly Undervalued). The stock has 7 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Vestas Wind Systems AS's Research & Development for the three months ended in Mar. 2026 was kr762 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was kr3,106 Mil.

Vestas Wind Systems AS  (OCSE:VWS) 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.

Vestas Wind Systems AS Research & Development Related Terms

Vestas Wind Systems AS Research & Development Historical Data

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The historical data trend for Vestas Wind Systems AS'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.

Vestas Wind Systems AS Research & Development Chart

Vestas Wind Systems AS 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 2,892.67 3,399.86 2,765.22 2,833.93 3,166.79

Vestas Wind Systems AS 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 820.46 887.77 910.56 545.23 762.38
OCSE:VWS
85GF Score
Vestas Wind Systems AS OCSE:VWS
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Vestas Wind Systems AS 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 kr3,106 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 kr3,106 Mil mean?
Vestas Wind Systems AS (OCSE:VWS) has a Research & Development of kr3,106 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Vestas Wind Systems AS and its competitors.
Is Vestas Wind Systems AS's Research & Development too high?
Vestas Wind Systems AS's current Research & Development is kr3,106 Mil. Overall, Vestas Wind Systems AS has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vestas Wind Systems AS's Research & Development compare to GEV and ETN?
Vestas Wind Systems AS's Research & Development of kr3,106 Mil can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Research & Development depends on the Industrial Products 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 Vestas Wind Systems AS and its competitors. Vestas Wind Systems AS's current Research & Development is kr3,106 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vestas Wind Systems AS stock overvalued right now?
Based on GuruFocus' analysis, Vestas Wind Systems AS (OCSE:VWS) is currently considered Modestly Undervalued. The stock's GF Value™ is kr190.86, compared to a current price of kr170.85 — trading 10.5% below its estimated fair value. The current Research & Development is kr3,106 Mil. Vestas Wind Systems AS's overall GF Score™ is 85/100 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 Vestas Wind Systems AS (OCSE:VWS), the current Research & Development is kr3,106 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 Vestas Wind Systems AS (OCSE:VWS) Overvalued in 2026?

Based on GuruFocus' analysis, Vestas Wind Systems AS stock appears to be undervalued. The current stock price of kr170.85 is trading 10.5% below its estimated GF Value™ of kr190.86. GuruFocus considers Vestas Wind Systems AS to be Modestly Undervalued.

Key valuation signals for OCSE:VWS:

  • Research & Development: kr3,106 Mil
  • GF Value™: kr190.86 vs. price of kr170.85 (10.5% below fair value)
  • GF Score™: 85/100 with 7 warning signs

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

Vestas Wind Systems AS Business Description

Address Hedeager 42, Aarhus, DNK, 8200
Vestas is a leading manufacturer of wind turbines with the highest installed capacity under service in the world. The firm operates two business segments: power solutions and services. The power solutions segment designs, manufactures, and installs onshore and offshore wind turbines. The services segment performs operating and maintenance service work on wind turbines.
85GF Score

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

kr170.85
Price
kr190.86
GF Value