Pharma Mar (XMAD:PHM) Research & Development: €94.8 Mil (TTM As of Mar. 2026)


XMAD:PHM Pharma Mar SA XMAD:PHM
86 GF Score
Price €72.90
GF Value €83.14
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Pharma Mar Research & Development?

Pharma Mar XMAD:PHM +1.11% 86 Research & Development is €94.8 Mil as of Mar. 2026. GuruFocus rates XMAD:PHM with a GF Score™ of 86/100 and a GF Value™ of €83.14 (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. Pharma Mar's Research & Development for the three months ended in Mar. 2026 was €20.9 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was €94.8 Mil.

Pharma Mar  (XMAD:PHM) 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.

Pharma Mar Research & Development Related Terms

Pharma Mar Research & Development Historical Data

* Premium members only.

The historical data trend for Pharma Mar'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.

Pharma Mar Research & Development Chart

Pharma Mar 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 72.17 83.45 99.30 103.50 95.19

Pharma Mar 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 21.29 26.18 22.13 25.59 20.88
XMAD:PHM
86GF Score
Pharma Mar SA XMAD:PHM
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Pharma Mar 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 €94.8 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 €94.8 Mil mean?
Pharma Mar (XMAD:PHM) has a Research & Development of €94.8 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Pharma Mar and its competitors.
Is Pharma Mar's Research & Development too high?
Pharma Mar's current Research & Development is €94.8 Mil. Overall, Pharma Mar has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pharma Mar's Research & Development compare to VRTX and REGN?
Pharma Mar's Research & Development of €94.8 Mil can be compared against companies in the Biotechnology 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 Biotechnology company?
A good Research & Development depends on the Biotechnology 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 Pharma Mar and its competitors. Pharma Mar's current Research & Development is €94.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pharma Mar stock overvalued right now?
Based on GuruFocus' analysis, Pharma Mar (XMAD:PHM) is currently considered Modestly Undervalued. The stock's GF Value™ is €83.14, compared to a current price of €72.90 — trading 12.3% below its estimated fair value. The current Research & Development is €94.8 Mil. Pharma Mar's overall GF Score™ is 86/100 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 Pharma Mar (XMAD:PHM), the current Research & Development is €94.8 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 Pharma Mar (XMAD:PHM) Overvalued in 2026?

Based on GuruFocus' analysis, Pharma Mar stock appears to be undervalued. The current stock price of €72.90 is trading 12.3% below its estimated GF Value™ of €83.14. GuruFocus considers Pharma Mar to be Modestly Undervalued.

Key valuation signals for XMAD:PHM:

  • Research & Development: €94.8 Mil
  • GF Value™: €83.14 vs. price of €72.90 (12.3% below fair value)
  • GF Score™: 86/100 with 3 warning signs

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

Pharma Mar Business Description

Address Avenida de los Reyes, 1, Poligono Industrial La Mina-norte, Colmenar Viejo, Madrid, ESP, 28770
Pharma Mar SA is engaged in the research, development, production, and commercialization of bio-active principles of marine origin for application in oncology. It also produces and markets insecticides and air fresheners for household use, household products, wood treatment and decoration products, paints, and similar products. Its operating business segments are Oncology and RNAi. The company obtains its revenues from two main areas: biopharmaceuticals and consumer chemicals, but the biopharmaceuticals is the main line of business.
86GF Score

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

€72.90
Price
€83.14
GF Value