Cameco (TSX:CCO) Research & Development: C$38 Mil (TTM As of Mar. 2026)


TSX:CCO Cameco Corp TSX:CCO
86 GF Score
Price C$147.97
GF Value C$94.18
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Cameco Research & Development?

Cameco TSX:CCO +0.77% 86 Research & Development is C$38 Mil as of Mar. 2026. GuruFocus rates TSX:CCO with a GF Score™ of 86/100 and a GF Value™ of C$94.18 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Cameco's Research & Development for the three months ended in Mar. 2026 was C$14 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was C$38 Mil.

Cameco  (TSX:CCO) 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.

Cameco Research & Development Related Terms

Cameco Research & Development Historical Data

* Premium members only.

The historical data trend for Cameco'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.

Cameco Research & Development Chart

Cameco 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 7.17 12.18 21.04 36.54 38.47

Cameco Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 13.98 -0.71 10.28 14.91 13.90
TSX:CCO
86GF Score
Cameco Corp TSX:CCO
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Cameco Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$38 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 C$38 Mil mean?
Cameco (TSX:CCO) has a Research & Development of C$38 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Cameco and its competitors.
Is Cameco's Research & Development too high?
Cameco's current Research & Development is C$38 Mil. Overall, Cameco has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cameco's Research & Development compare to UEC and LEU?
Cameco's Research & Development of C$38 Mil can be compared against companies in the Other Energy Sources 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 an Other Energy Sources company?
A good Research & Development depends on the Other Energy Sources 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 Cameco and its competitors. Cameco's current Research & Development is C$38 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cameco stock overvalued right now?
Based on GuruFocus' analysis, Cameco (TSX:CCO) is currently considered Significantly Overvalued. The stock's GF Value™ is C$94.18, compared to a current price of C$147.97 — trading 57.1% above its estimated fair value. The current Research & Development is C$38 Mil. Cameco's overall GF Score™ is 86/100 with 2 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 Cameco (TSX:CCO), the current Research & Development is C$38 Mil as of Mar. 2026. 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 Cameco (TSX:CCO) Overvalued in 2026?

Based on GuruFocus' analysis, Cameco stock appears to be overvalued. The current stock price of C$147.97 is trading 57.1% above its estimated GF Value™ of C$94.18. GuruFocus considers Cameco to be Significantly Overvalued.

Key valuation signals for TSX:CCO:

  • Research & Development: C$38 Mil
  • GF Value™: C$94.18 vs. price of C$147.97 (57.1% above fair value)
  • GF Score™: 86/100 with 2 warning signs

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

Cameco Business Description

Address 11th Street West, Suite 2121, Saskatoon, SK, CAN, S7M 1J3
Cameco Corp is a provider of uranium needed to generate clean, reliable baseload electricity around the globe and is one of those uranium producers. It has three reportable segments: Uranium, Fuel Services, and Westinghouse, deriving maximum revenue from the Westinghouse segment. The Uranium segment involves the exploration for, mining, milling, purchase, and sale of uranium concentrate, while the Fuel Services segment involves the refining, conversion, and fabrication of uranium concentrate and the purchase and sale of conversion services. Westinghouse Electric Company provides products and services to nuclear reactors, including outage and maintenance services, engineering support, instrumentation and controls equipment, plant modification, and components and parts.
86GF Score

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

C$147.97
Price
C$94.18
GF Value