SMTGY (SMA Solar Technology AG) Research & Development: $109 Mil (TTM As of Mar. 2026)


SMTGY SMA Solar Technology AG SMTGY
66 GF Score
Price $5.91
GF Value $3.73
Valuation Significantly Overvalued
! 3 Warning Signs
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What is SMA Solar Technology AG Research & Development?

SMA Solar Technology AG SMTGY 66 Research & Development is $109 Mil as of Mar. 2026. GuruFocus rates SMTGY with a GF Score™ of 66/100 and a GF Value™ of $3.73 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. SMA Solar Technology AG's Research & Development for the three months ended in Mar. 2026 was $27 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was $109 Mil.

SMA Solar Technology AG  (OTCPK:SMTGY) 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.

SMA Solar Technology AG Research & Development Related Terms

SMA Solar Technology AG Research & Development Historical Data

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The historical data trend for SMA Solar Technology 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.

SMA Solar Technology AG Research & Development Chart

SMA Solar Technology 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 56.76 54.66 85.70 101.18 106.17

SMA Solar Technology AG 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 22.52 26.80 27.54 27.10 27.28
SMTGY
66GF Score
SMA Solar Technology AG SMTGY
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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SMA Solar Technology 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $109 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 $109 Mil mean?
SMA Solar Technology AG (SMTGY) has a Research & Development of $109 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on SMA Solar Technology AG and its competitors.
Is SMA Solar Technology AG's Research & Development too high?
SMA Solar Technology AG's current Research & Development is $109 Mil. Overall, SMA Solar Technology AG has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SMA Solar Technology AG's Research & Development compare to FSLR and NXT?
SMA Solar Technology AG's Research & Development of $109 Mil can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Research & Development depends on the Semiconductors 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 SMA Solar Technology AG and its competitors. SMA Solar Technology AG's current Research & Development is $109 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SMA Solar Technology AG stock overvalued right now?
Based on GuruFocus' analysis, SMA Solar Technology AG (SMTGY) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.73, compared to a current price of $5.91 — trading 58.5% above its estimated fair value. The current Research & Development is $109 Mil. SMA Solar Technology AG's overall GF Score™ is 66/100 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 SMA Solar Technology AG (SMTGY), the current Research & Development is $109 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 SMA Solar Technology AG (SMTGY) Overvalued in 2026?

Based on GuruFocus' analysis, SMA Solar Technology AG stock appears to be overvalued. The current stock price of $5.91 is trading 58.5% above its estimated GF Value™ of $3.73. GuruFocus considers SMA Solar Technology AG to be Significantly Overvalued.

Key valuation signals for SMTGY:

  • Research & Development: $109 Mil
  • GF Value™: $3.73 vs. price of $5.91 (58.5% above fair value)
  • GF Score™: 66/100 with 3 warning signs

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

SMA Solar Technology AG Business Description

Address Sonnenallee 1, Niestetal, DEU, 34266
SMA Solar Technology AG produces, develops, and sells systems and solutions for the efficient and sustainable generation, storage, and use of solar energy. Its products include PV and battery inverters, monitoring systems for PV systems, charging solutions for electric vehicles, as well as energy management systems, and digital services for the future energy supply. The company operates through the following segments: Home & Business Solutions and Large Scale & Project Solutions. The Large Scale & Project Solutions segment, which derives key revenue for the company, offers products, systems, and solutions around the globe for solar, storage, and hydrogen projects on a power plant scale, as well as for the transition of power grids toward a higher share of renewable energy.
66GF Score

Get the complete analysis for SMTGY

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

$5.91
Price
$3.73
GF Value