Taiwan Mask (TPE:2338) Research & Development: NT$289 Mil (TTM As of Mar. 2026)


TPE:2338 Taiwan Mask Corp TPE:2338
68 GF Score
Price NT$47.70
GF Value NT$41.36
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Taiwan Mask Research & Development?

Taiwan Mask TPE:2338 -0.62% 68 Research & Development is NT$289 Mil as of Mar. 2026. GuruFocus rates TPE:2338 with a GF Score™ of 68/100 and a GF Value™ of NT$41.36 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Taiwan Mask's Research & Development for the three months ended in Mar. 2026 was NT$50 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was NT$289 Mil.

Taiwan Mask  (TPE:2338) 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.

Taiwan Mask Research & Development Related Terms

Taiwan Mask Research & Development Historical Data

* Premium members only.

The historical data trend for Taiwan Mask'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.

Taiwan Mask Research & Development Chart

Taiwan Mask 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 170.25 254.09 348.14 389.24 327.64

Taiwan Mask 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 87.71 81.79 81.39 76.75 49.57
TPE:2338
68GF Score
Taiwan Mask Corp TPE:2338
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Taiwan Mask 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 NT$289 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$289 Mil mean?
Taiwan Mask (TPE:2338) has a Research & Development of NT$289 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Taiwan Mask and its competitors.
Is Taiwan Mask's Research & Development too high?
Taiwan Mask's current Research & Development is NT$289 Mil. Overall, Taiwan Mask has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Mask's Research & Development compare to AMAT and LRCX?
Taiwan Mask's Research & Development of NT$289 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 Taiwan Mask and its competitors. Taiwan Mask's current Research & Development is NT$289 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Mask stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Mask (TPE:2338) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$41.36, compared to a current price of NT$47.70 — trading 15.3% above its estimated fair value. The current Research & Development is NT$289 Mil. Taiwan Mask's overall GF Score™ is 68/100 with 5 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 Taiwan Mask (TPE:2338), the current Research & Development is NT$289 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 Taiwan Mask (TPE:2338) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Mask stock appears to be overvalued. The current stock price of NT$47.70 is trading 15.3% above its estimated GF Value™ of NT$41.36. GuruFocus considers Taiwan Mask to be Modestly Overvalued.

Key valuation signals for TPE:2338:

  • Research & Development: NT$289 Mil
  • GF Value™: NT$41.36 vs. price of NT$47.70 (15.3% above fair value)
  • GF Score™: 68/100 with 5 warning signs

No single metric tells the full story. See the TPE:2338 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Taiwan Mask Business Description

Address No. 11, Chuangxin 1st Road, Hsinchu Science Park, Hsinchu, TWN
Taiwan Mask Corp manufactures and markets photomasks products for semiconductor production. The company also produces and sells products such as masks and integrated circuits used in semiconductors, and has a diversified sales base. The product segment of the company comprises Photomask and the semiconductor segment. The company generates its revenue from the Photomask and semiconductor segments.
68GF Score

Get the complete analysis for TPE:2338

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

NT$47.70
Price
NT$41.36
GF Value