Iron Force Industrial Co (TPE:2228) Research & Development: NT$150 Mil (TTM As of Dec. 2025)


TPE:2228 Iron Force Industrial Co Ltd TPE:2228
91 GF Score
Price NT$87.80
GF Value NT$92.64
Valuation Fairly Valued
! 3 Warning Signs
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What is Iron Force Industrial Co Research & Development?

Iron Force Industrial Co TPE:2228 +0.11% 91 Research & Development is NT$150 Mil as of Dec. 2025. GuruFocus rates TPE:2228 with a GF Score™ of 91/100 and a GF Value™ of NT$92.64 (Fairly Valued). The stock has 3 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Iron Force Industrial Co's Research & Development for the three months ended in Dec. 2025 was NT$38 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was NT$150 Mil.

Iron Force Industrial Co  (TPE:2228) 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.

Iron Force Industrial Co Research & Development Related Terms

Iron Force Industrial Co Research & Development Historical Data

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The historical data trend for Iron Force Industrial Co'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.

Iron Force Industrial Co Research & Development Chart

Iron Force Industrial Co 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 157.61 162.15 153.78 153.53 149.78

Iron Force Industrial Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 36.83 42.42 34.23 34.97 38.17
TPE:2228
91GF Score
Iron Force Industrial Co Ltd TPE:2228
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Iron Force Industrial Co Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$150 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 NT$150 Mil mean?
Iron Force Industrial Co (TPE:2228) has a Research & Development of NT$150 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on Iron Force Industrial Co and its competitors.
Is Iron Force Industrial Co's Research & Development too high?
Iron Force Industrial Co's current Research & Development is NT$150 Mil. Overall, Iron Force Industrial Co has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Iron Force Industrial Co's Research & Development compare to ORLY and AZO?
Iron Force Industrial Co's Research & Development of NT$150 Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Research & Development depends on the Vehicles & Parts 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 Iron Force Industrial Co and its competitors. Iron Force Industrial Co's current Research & Development is NT$150 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iron Force Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Iron Force Industrial Co (TPE:2228) is currently considered Fairly Valued. The stock's GF Value™ is NT$92.64, compared to a current price of NT$87.80 — trading 5.2% below its estimated fair value. The current Research & Development is NT$150 Mil. Iron Force Industrial Co's overall GF Score™ is 91/100 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 Iron Force Industrial Co (TPE:2228), the current Research & Development is NT$150 Mil as of Dec. 2025. 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 Iron Force Industrial Co (TPE:2228) Overvalued in 2026?

Based on GuruFocus' analysis, Iron Force Industrial Co stock appears to be undervalued. The current stock price of NT$87.80 is trading 5.2% below its estimated GF Value™ of NT$92.64. GuruFocus considers Iron Force Industrial Co to be Fairly Valued.

Key valuation signals for TPE:2228:

  • Research & Development: NT$150 Mil
  • GF Value™: NT$92.64 vs. price of NT$87.80 (5.2% below fair value)
  • GF Score™: 91/100 with 3 warning signs

No single metric tells the full story. See the TPE:2228 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Iron Force Industrial Co Business Description

Address Xintai 5th Road, Section 1, 19 Floor, No. 98, Xizhi District, New Taipei City, TWN, 221
Iron Force Industrial Co Ltd is a Taiwan-based company mainly engaged in manufacturing and trading airbag inflators for automotive safety systems, high-precision metal tubes for seatbelt retractor/pretensioner systems, and trading display fixtures and other metal parts. The majority of its revenue is generated from the manufacturing and sales of automotive safety components. Geographically, the company generates maximum revenue from Mainland China and the rest from Taiwan and Europe.
91GF Score

Get the complete analysis for TPE:2228

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

NT$87.80
Price
NT$92.64
GF Value