Cheng Mei Materials Technology (TPE:4960) Research & Development: NT$395 Mil (TTM As of Dec. 2025)


TPE:4960 Cheng Mei Materials Technology Corp TPE:4960
49 GF Score
Price NT$25.75
GF Value NT$13.18
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Cheng Mei Materials Technology Research & Development?

Cheng Mei Materials Technology TPE:4960 -4.81% 49 Research & Development is NT$395 Mil as of Dec. 2025. GuruFocus rates TPE:4960 with a GF Score™ of 49/100 and a GF Value™ of NT$13.18 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Cheng Mei Materials Technology's Research & Development for the three months ended in Dec. 2025 was NT$91 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was NT$395 Mil.

Cheng Mei Materials Technology  (TPE:4960) 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.

Cheng Mei Materials Technology Research & Development Related Terms

Cheng Mei Materials Technology Research & Development Historical Data

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The historical data trend for Cheng Mei Materials Technology'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.

Cheng Mei Materials Technology Research & Development Chart

Cheng Mei Materials Technology 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 221.78 259.84 389.68 393.20 394.80

Cheng Mei Materials Technology 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 96.18 94.75 98.18 111.19 90.69
TPE:4960
49GF Score
Cheng Mei Materials Technology Corp TPE:4960
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Cheng Mei Materials Technology 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$395 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$395 Mil mean?
Cheng Mei Materials Technology (TPE:4960) has a Research & Development of NT$395 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on Cheng Mei Materials Technology and its competitors.
Is Cheng Mei Materials Technology's Research & Development too high?
Cheng Mei Materials Technology's current Research & Development is NT$395 Mil. Overall, Cheng Mei Materials Technology has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cheng Mei Materials Technology's Research & Development compare to APH and GLW?
Cheng Mei Materials Technology's Research & Development of NT$395 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 Cheng Mei Materials Technology and its competitors. Cheng Mei Materials Technology's current Research & Development is NT$395 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cheng Mei Materials Technology stock overvalued right now?
Based on GuruFocus' analysis, Cheng Mei Materials Technology (TPE:4960) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$13.18, compared to a current price of NT$25.75 — trading 95.4% above its estimated fair value. The current Research & Development is NT$395 Mil. Cheng Mei Materials Technology's overall GF Score™ is 49/100 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 Cheng Mei Materials Technology (TPE:4960), the current Research & Development is NT$395 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 Cheng Mei Materials Technology (TPE:4960) Overvalued in 2026?

Based on GuruFocus' analysis, Cheng Mei Materials Technology stock appears to be overvalued. The current stock price of NT$25.75 is trading 95.4% above its estimated GF Value™ of NT$13.18. GuruFocus considers Cheng Mei Materials Technology to be Significantly Overvalued.

Key valuation signals for TPE:4960:

  • Research & Development: NT$395 Mil
  • GF Value™: NT$13.18 vs. price of NT$25.75 (95.4% above fair value)
  • GF Score™: 49/100 with 5 warning signs

No single metric tells the full story. See the TPE:4960 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Cheng Mei Materials Technology Business Description

Address No. 13, Muzhagang West Road, Shanhua District, Tainan City, TWN, 741
Cheng Mei Materials Technology Corp is engaged in manufacturing and selling optoelectronic material and components (polarizing film). The company derives the majority of its revenue from China, and the rest from Taiwan and other Asian areas.
49GF Score

Get the complete analysis for TPE:4960

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

NT$25.75
Price
NT$13.18
GF Value