Shuttle (TPE:2405) Research & Development: NT$176 Mil (TTM As of Dec. 2025)


TPE:2405 Shuttle Inc TPE:2405
75 GF Score
Price NT$17.05
GF Value NT$18.21
Valuation Fairly Valued
! 1 Warning Sign
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What is Shuttle Research & Development?

Shuttle TPE:2405 -5.80% 75 Research & Development is NT$176 Mil as of Dec. 2025. GuruFocus rates TPE:2405 with a GF Score™ of 75/100 and a GF Value™ of NT$18.21 (Fairly Valued). The stock has 1 warning sign investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Shuttle's Research & Development for the three months ended in Dec. 2025 was NT$41 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was NT$176 Mil.

Shuttle  (TPE:2405) 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.

Shuttle Research & Development Related Terms

Shuttle Research & Development Historical Data

* Premium members only.

The historical data trend for Shuttle'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.

Shuttle Research & Development Chart

Shuttle 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 189.15 168.91 167.50 166.49 176.27

Shuttle 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 39.48 41.40 47.66 46.26 40.95
TPE:2405
75GF Score
Shuttle Inc TPE:2405
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Shuttle 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$176 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$176 Mil mean?
Shuttle (TPE:2405) has a Research & Development of NT$176 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on Shuttle and its competitors.
Is Shuttle's Research & Development too high?
Shuttle's current Research & Development is NT$176 Mil. Overall, Shuttle has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shuttle's Research & Development compare to DELL and SNDK?
Shuttle's Research & Development of NT$176 Mil can be compared against companies in the Hardware 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 Hardware company?
A good Research & Development depends on the Hardware 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 Shuttle and its competitors. Shuttle's current Research & Development is NT$176 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shuttle stock overvalued right now?
Based on GuruFocus' analysis, Shuttle (TPE:2405) is currently considered Fairly Valued. The stock's GF Value™ is NT$18.21, compared to a current price of NT$17.05 — trading 6.4% below its estimated fair value. The current Research & Development is NT$176 Mil. Shuttle's overall GF Score™ is 75/100 with 1 warning sign 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 Shuttle (TPE:2405), the current Research & Development is NT$176 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 Shuttle (TPE:2405) Overvalued in 2026?

Based on GuruFocus' analysis, Shuttle stock appears to be undervalued. The current stock price of NT$17.05 is trading 6.4% below its estimated GF Value™ of NT$18.21. GuruFocus considers Shuttle to be Fairly Valued.

Key valuation signals for TPE:2405:

  • Research & Development: NT$176 Mil
  • GF Value™: NT$18.21 vs. price of NT$17.05 (6.4% below fair value)
  • GF Score™: 75/100 with 1 warning sign

No single metric tells the full story. See the TPE:2405 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shuttle Business Description

Address No. 30, Lane 76, Rei-Kuang Road, Nei-Hu District, Taipei, TWN
Shuttle Inc operates in the Information technology sector. The Company is engaged in the manufacturing and selling of laptops, barebones, mainboards, and other computer peripherals, as well as providing related technical services. The segments of the company are Computer Equipment engaged in selling Computer peripherals and components and Medical Device engaged in selling air mattresses and medical peripherals. The company derives maximum revenue from Computer Equipment Segment.
75GF Score

Get the complete analysis for TPE:2405

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

NT$17.05
Price
NT$18.21
GF Value