Thinking Electronic Industrial Co (TPE:2428) Research & Development: NT$403 Mil (TTM As of Dec. 2025)


TPE:2428 Thinking Electronic Industrial Co Ltd TPE:2428
78 GF Score
Price NT$296.50
GF Value NT$175.41
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Thinking Electronic Industrial Co Research & Development?

Thinking Electronic Industrial Co TPE:2428 -3.73% 78 Research & Development is NT$403 Mil as of Dec. 2025. GuruFocus rates TPE:2428 with a GF Score™ of 78/100 and a GF Value™ of NT$175.41 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Thinking Electronic Industrial Co's Research & Development for the three months ended in Dec. 2025 was NT$107 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was NT$403 Mil.

Thinking Electronic Industrial Co  (TPE:2428) 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.

Thinking Electronic Industrial Co Research & Development Related Terms

Thinking Electronic Industrial Co Research & Development Historical Data

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The historical data trend for Thinking Electronic 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.

Thinking Electronic Industrial Co Research & Development Chart

Thinking Electronic 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 298.07 326.40 360.71 409.96 402.73

Thinking Electronic 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 105.88 100.07 95.24 100.19 107.23
TPE:2428
78GF Score
Thinking Electronic Industrial Co Ltd TPE:2428
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Thinking Electronic 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$403 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$403 Mil mean?
Thinking Electronic Industrial Co (TPE:2428) has a Research & Development of NT$403 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on Thinking Electronic Industrial Co and its competitors.
Is Thinking Electronic Industrial Co's Research & Development too high?
Thinking Electronic Industrial Co's current Research & Development is NT$403 Mil. Overall, Thinking Electronic Industrial Co has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thinking Electronic Industrial Co's Research & Development compare to APH and GLW?
Thinking Electronic Industrial Co's Research & Development of NT$403 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 Thinking Electronic Industrial Co and its competitors. Thinking Electronic Industrial Co's current Research & Development is NT$403 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thinking Electronic Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Thinking Electronic Industrial Co (TPE:2428) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$175.41, compared to a current price of NT$296.50 — trading 69% above its estimated fair value. The current Research & Development is NT$403 Mil. Thinking Electronic Industrial Co's overall GF Score™ is 78/100 with 8 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 Thinking Electronic Industrial Co (TPE:2428), the current Research & Development is NT$403 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 Thinking Electronic Industrial Co (TPE:2428) Overvalued in 2026?

Based on GuruFocus' analysis, Thinking Electronic Industrial Co stock appears to be overvalued. The current stock price of NT$296.50 is trading 69% above its estimated GF Value™ of NT$175.41. GuruFocus considers Thinking Electronic Industrial Co to be Significantly Overvalued.

Key valuation signals for TPE:2428:

  • Research & Development: NT$403 Mil
  • GF Value™: NT$175.41 vs. price of NT$296.50 (69% above fair value)
  • GF Score™: 78/100 with 8 warning signs

No single metric tells the full story. See the TPE:2428 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Thinking Electronic Industrial Co Business Description

Address Dashun 1st Road, No. 93, 8th Floor, Zuoying District, Kaohsiung, TWN
Thinking Electronic Industrial Co Ltd manufactures, processes, and sells electric devices, thermistors, varistors, and wires. Its product portfolio comprises negative temperature coefficient thermistors, zinc oxide varistors, ceramic positive temperature thermistors, polymer positive temperature coefficient thermistors (Polymer PTC resettable fuse), temperature sensors, and gas discharge tubes, among others. The Group's reportable segments are: Thinking Electronic Industrial (the company), which generates the maximum revenue, Thinking Changzhou, Dongguan Welkin and Zhongshan Welkin Guangdong, Thinking Yichang, Jiangxi Thinking, and Others. Geographically, it generates maximum revenue from Greater China (including Taiwan), and the rest from Europe and other regions.
78GF Score

Get the complete analysis for TPE:2428

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

NT$296.50
Price
NT$175.41
GF Value