TSEC (TPE:6443) Research & Development: NT$66 Mil (TTM As of Dec. 2025)


TPE:6443 TSEC Corp TPE:6443
36 GF Score
Price NT$31.75
GF Value NT$6.07
Valuation Significantly Overvalued
! 5 Warning Signs
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What is TSEC Research & Development?

TSEC TPE:6443 -8.24% 36 Research & Development is NT$66 Mil as of Dec. 2025. GuruFocus rates TPE:6443 with a GF Score™ of 36/100 and a GF Value™ of NT$6.07 (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. TSEC's Research & Development for the three months ended in Dec. 2025 was NT$17 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was NT$66 Mil.

TSEC  (TPE:6443) 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.

TSEC Research & Development Related Terms

TSEC Research & Development Historical Data

* Premium members only.

The historical data trend for TSEC'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.

TSEC Research & Development Chart

TSEC 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 44.56 49.84 68.10 72.23 65.52

TSEC 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 14.01 12.49 16.06 20.01 16.97
TPE:6443
36GF Score
TSEC Corp TPE:6443
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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TSEC 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$66 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$66 Mil mean?
TSEC (TPE:6443) has a Research & Development of NT$66 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on TSEC and its competitors.
Is TSEC's Research & Development too high?
TSEC's current Research & Development is NT$66 Mil. Overall, TSEC has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TSEC's Research & Development compare to FSLR and NXT?
TSEC's Research & Development of NT$66 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 TSEC and its competitors. TSEC's current Research & Development is NT$66 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSEC stock overvalued right now?
Based on GuruFocus' analysis, TSEC (TPE:6443) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$6.07, compared to a current price of NT$31.75 — trading 423.1% above its estimated fair value. The current Research & Development is NT$66 Mil. TSEC's overall GF Score™ is 36/100 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 TSEC (TPE:6443), the current Research & Development is NT$66 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 TSEC (TPE:6443) Overvalued in 2026?

Based on GuruFocus' analysis, TSEC stock appears to be overvalued. The current stock price of NT$31.75 is trading 423.1% above its estimated GF Value™ of NT$6.07. GuruFocus considers TSEC to be Significantly Overvalued.

Key valuation signals for TPE:6443:

  • Research & Development: NT$66 Mil
  • GF Value™: NT$6.07 vs. price of NT$31.75 (423.1% above fair value)
  • GF Score™: 36/100 with 5 warning signs

No single metric tells the full story. See the TPE:6443 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

TSEC Business Description

Address Beixin Road, 8th Floor, No. 225, Sector 3, Xindian District, Taipei City, TWN, 23143
TSEC Corp is a Taiwan based PV manufacturing company. The company is engaged in the design, manufacture, construction, and sale of solar cells, modules, and power plants. It focuses on solar cells and module R&D, production, and sales, it also provides system integration services for power plant construction and long-term maintenance.
36GF Score

Get the complete analysis for TPE:6443

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

NT$31.75
Price
NT$6.07
GF Value