Taiwan Secom Co (TPE:9917) Research & Development: NT$111 Mil (TTM As of Dec. 2025)


TPE:9917 Taiwan Secom Co Ltd TPE:9917
90 GF Score
Price NT$105.50
GF Value NT$139.14
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Taiwan Secom Co Research & Development?

Taiwan Secom Co TPE:9917 -2.31% 90 Research & Development is NT$111 Mil as of Dec. 2025. GuruFocus rates TPE:9917 with a GF Score™ of 90/100 and a GF Value™ of NT$139.14 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Taiwan Secom Co's Research & Development for the three months ended in Dec. 2025 was NT$31 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was NT$111 Mil.

Taiwan Secom Co  (TPE:9917) 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.

Taiwan Secom Co Research & Development Related Terms

Taiwan Secom Co Research & Development Historical Data

* Premium members only.

The historical data trend for Taiwan Secom 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.

Taiwan Secom Co Research & Development Chart

Taiwan Secom 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 112.03 123.19 118.89 124.71 110.97

Taiwan Secom 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 32.32 26.39 27.43 26.26 30.89
TPE:9917
90GF Score
Taiwan Secom Co Ltd TPE:9917
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Taiwan Secom 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$111 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$111 Mil mean?
Taiwan Secom Co (TPE:9917) has a Research & Development of NT$111 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on Taiwan Secom Co and its competitors.
Is Taiwan Secom Co's Research & Development too high?
Taiwan Secom Co's current Research & Development is NT$111 Mil. Overall, Taiwan Secom Co has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Secom Co's Research & Development compare to ALLE and MSA?
Taiwan Secom Co's Research & Development of NT$111 Mil can be compared against companies in the Business Services 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 Business Services company?
A good Research & Development depends on the Business Services 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 Taiwan Secom Co and its competitors. Taiwan Secom Co's current Research & Development is NT$111 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Secom Co stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Secom Co (TPE:9917) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$139.14, compared to a current price of NT$105.50 — trading 24.2% below its estimated fair value. The current Research & Development is NT$111 Mil. Taiwan Secom Co's overall GF Score™ is 90/100 with 4 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 Taiwan Secom Co (TPE:9917), the current Research & Development is NT$111 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 Taiwan Secom Co (TPE:9917) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Secom Co stock appears to be undervalued. The current stock price of NT$105.50 is trading 24.2% below its estimated GF Value™ of NT$139.14. GuruFocus considers Taiwan Secom Co to be Modestly Undervalued.

Key valuation signals for TPE:9917:

  • Research & Development: NT$111 Mil
  • GF Value™: NT$139.14 vs. price of NT$105.50 (24.2% below fair value)
  • GF Score™: 90/100 with 4 warning signs

No single metric tells the full story. See the TPE:9917 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Taiwan Secom Co Business Description

Address 13th Floor, No.135, Jingmao 2nd Road, Nangang District, Taipei, TWN
Taiwan Secom Co Ltd is engaged mainly in the security service. Its segments consist of Electronic systems segment engages in security system related service; Security services segment engages in security guarding related service; Cash delivery services engages in cash delivery service; Logistics services segment engages in logistic service; and Catering services segment engages in catering services. It derives the majority of revenue from Electronic systems segment.
90GF Score

Get the complete analysis for TPE:9917

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

NT$105.50
Price
NT$139.14
GF Value