Sea (STU:931) Research & Development: €995 Mil (TTM As of Mar. 2026)

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STU:931 Sea Ltd STU:931
77 GF Score
Price €93.20
GF Value €119.00
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Sea Research & Development?

Sea STU:931 +0.87% 77 Research & Development is €995 Mil as of Mar. 2026. GuruFocus rates STU:931 with a GF Score™ of 77/100 and a GF Value™ of €119.00 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Sea's Research & Development for the three months ended in Mar. 2026 was €257 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was €995 Mil.

Sea  (STU:931) 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.

Sea Research & Development Related Terms

Sea Research & Development Historical Data

* Premium members only.

The historical data trend for Sea'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.

Sea Research & Development Chart

Sea 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 736.06 1,299.42 1,067.50 1,151.78 988.21

Sea 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 273.67 257.87 243.91 237.06 256.62
STU:931
77GF Score
Sea Ltd STU:931
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Sea 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 €995 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 €995 Mil mean?
Sea (STU:931) has a Research & Development of €995 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Sea and its competitors.
Is Sea's Research & Development too high?
Sea's current Research & Development is €995 Mil. Overall, Sea has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sea's Research & Development compare to EBAY and JD?
Sea's Research & Development of €995 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 Sea and its competitors. Sea's current Research & Development is €995 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sea stock overvalued right now?
Based on GuruFocus' analysis, Sea (STU:931) is currently considered Modestly Undervalued. The stock's GF Value™ is €119.00, compared to a current price of €93.20 — trading 21.7% below its estimated fair value. The current Research & Development is €995 Mil. Sea's overall GF Score™ is 77/100 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 Sea (STU:931), the current Research & Development is €995 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 Sea (STU:931) Overvalued in 2026?

Based on GuruFocus' analysis, Sea stock appears to be undervalued. The current stock price of €93.20 is trading 21.7% below its estimated GF Value™ of €119.00. GuruFocus considers Sea to be Modestly Undervalued.

Key valuation signals for STU:931:

  • Research & Development: €995 Mil
  • GF Value™: €119.00 vs. price of €93.20 (21.7% below fair value)
  • GF Score™: 77/100 with 2 warning signs

No single metric tells the full story. See the STU:931 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Sea Business Description

Address 1 Fusionopolis Place, No. 17-10, Galaxis, Singapore, SGP, 138522
Sea started as a gaming business, Garena, but in 2015 expanded into e-commerce. Sea operates Southeast Asia's largest e-commerce company, Shopee, in terms of gross merchandise value. Shopee is a hybrid consumer-to-consumer and business-to-consumer marketplace platform operating in Indonesia, Taiwan, Vietnam, Thailand, Malaysia, the Philippines, and Brazil. For Garena, Free Fire is the key revenue-generating game. Sea's third business, Monee, provides lending, payment, digital banking, and insurance services. As of March 2025, Forrest Li, the founder, chair, and CEO, owned 59.1% of the voting power. Tencent owned 18.5% of issued shares with no voting power.
77GF Score

Get the complete analysis for STU:931

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

€93.20
Price
€119.00
GF Value