TOPBI International Holdings (TPE:2929) Research & Development: NT$32 Mil (TTM As of Dec. 2025)


TPE:2929 TOPBI International Holdings Ltd TPE:2929
69 GF Score
Price NT$5.90
GF Value NT$7.80
Valuation Modestly Undervalued
! 3 Warning Signs
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What is TOPBI International Holdings Research & Development?

TOPBI International Holdings TPE:2929 +0.85% 69 Research & Development is NT$32 Mil as of Dec. 2025. GuruFocus rates TPE:2929 with a GF Score™ of 69/100 and a GF Value™ of NT$7.80 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. TOPBI International Holdings's Research & Development for the three months ended in Dec. 2025 was NT$8 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was NT$32 Mil.

TOPBI International Holdings  (TPE:2929) 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.

TOPBI International Holdings Research & Development Related Terms

TOPBI International Holdings Research & Development Historical Data

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The historical data trend for TOPBI International Holdings'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.

TOPBI International Holdings Research & Development Chart

TOPBI International Holdings 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 49.10 45.38 39.05 35.35 31.79

TOPBI International Holdings 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 8.97 8.27 7.55 7.89 8.09
TPE:2929
69GF Score
TOPBI International Holdings Ltd TPE:2929
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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TOPBI International Holdings 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$32 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$32 Mil mean?
TOPBI International Holdings (TPE:2929) has a Research & Development of NT$32 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on TOPBI International Holdings and its competitors.
Is TOPBI International Holdings' Research & Development too high?
TOPBI International Holdings' current Research & Development is NT$32 Mil. Overall, TOPBI International Holdings has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TOPBI International Holdings' Research & Development compare to RL and LEVI?
TOPBI International Holdings' Research & Development of NT$32 Mil can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Research & Development depends on the Manufacturing - Apparel & Accessories 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 TOPBI International Holdings and its competitors. TOPBI International Holdings's current Research & Development is NT$32 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOPBI International Holdings stock overvalued right now?
Based on GuruFocus' analysis, TOPBI International Holdings (TPE:2929) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$7.80, compared to a current price of NT$5.90 — trading 24.4% below its estimated fair value. The current Research & Development is NT$32 Mil. TOPBI International Holdings' overall GF Score™ is 69/100 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 TOPBI International Holdings (TPE:2929), the current Research & Development is NT$32 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 TOPBI International Holdings (TPE:2929) Overvalued in 2026?

Based on GuruFocus' analysis, TOPBI International Holdings stock appears to be undervalued. The current stock price of NT$5.90 is trading 24.4% below its estimated GF Value™ of NT$7.80. GuruFocus considers TOPBI International Holdings to be Modestly Undervalued.

Key valuation signals for TPE:2929:

  • Research & Development: NT$32 Mil
  • GF Value™: NT$7.80 vs. price of NT$5.90 (24.4% below fair value)
  • GF Score™: 69/100 with 3 warning signs

No single metric tells the full story. See the TPE:2929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

TOPBI International Holdings Business Description

Address No.97, Xinhu 1st Road, 2nd Floor, Neihu District, Taipei, TWN, 11494
TOPBI International Holdings Ltd is a children's clothing manufacturer. Its products, which it sells under the TOPBI (Amoy) brand, are designed for middle-class families with children under 16 years old. Nearly half of the company's sales are from items designed for the 1- to 3-year-old age group. TOPBI sells its products through both company-owned stores and third-party distributors. The company focuses on reaching customers in the developing market in China, and its roughly 1,500 stores are in more than a dozen Chinese provinces.
69GF Score

Get the complete analysis for TPE:2929

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

NT$5.90
Price
NT$7.80
GF Value