Vale (XMAD:XVALO) Research & Development: €602 Mil (TTM As of Mar. 2026)


XMAD:XVALO Vale SA XMAD:XVALO
76 GF Score
Price €12.74
GF Value €10.77
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Vale Research & Development?

Vale XMAD:XVALO -2.33% 76 Research & Development is €602 Mil as of Mar. 2026. GuruFocus rates XMAD:XVALO with a GF Score™ of 76/100 and a GF Value™ of €10.77 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Vale's Research & Development for the three months ended in Mar. 2026 was €113 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was €602 Mil.

Vale  (XMAD:XVALO) 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.

Vale Research & Development Related Terms

Vale Research & Development Historical Data

* Premium members only.

The historical data trend for Vale'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.

Vale Research & Development Chart

Vale 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 485.87 623.04 662.99 754.45 591.82

Vale 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 113.78 137.85 128.65 222.04 113.32
XMAD:XVALO
76GF Score
Vale SA XMAD:XVALO
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Vale 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 €602 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 €602 Mil mean?
Vale (XMAD:XVALO) has a Research & Development of €602 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Vale and its competitors.
Is Vale's Research & Development too high?
Vale's current Research & Development is €602 Mil. Overall, Vale has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vale's Research & Development compare to competitors?
Vale's Research & Development of €602 Mil can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Research & Development depends on the Metals & Mining 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 Vale and its competitors. Vale's current Research & Development is €602 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vale stock overvalued right now?
Based on GuruFocus' analysis, Vale (XMAD:XVALO) is currently considered Modestly Overvalued. The stock's GF Value™ is €10.77, compared to a current price of €12.74 — trading 18.3% above its estimated fair value. The current Research & Development is €602 Mil. Vale's overall GF Score™ is 76/100 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 Vale (XMAD:XVALO), the current Research & Development is €602 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 Vale (XMAD:XVALO) Overvalued in 2026?

Based on GuruFocus' analysis, Vale stock appears to be overvalued. The current stock price of €12.74 is trading 18.3% above its estimated GF Value™ of €10.77. GuruFocus considers Vale to be Modestly Overvalued.

Key valuation signals for XMAD:XVALO:

  • Research & Development: €602 Mil
  • GF Value™: €10.77 vs. price of €12.74 (18.3% above fair value)
  • GF Score™: 76/100 with 5 warning signs

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

Vale Business Description

Address Praia de Botafogo, 186, Rooms 1801 to 2001, Botafogo, Rio de Janeiro, RJ, BRA, 22250-145
Vale is a large global miner and the world's largest producer of iron ore and pellets. In recent years the company has sold noncore assets such as its fertilizer, coal, and steel operations to concentrate on iron ore, nickel, and copper. Earnings are dominated by its iron ore business. The base metals division is much smaller, consisting of nickel mines and smelters along with copper mines producing copper in concentrate. In 2024, Vale sold a minority 10% stake in its base metals business, likely the first step in separating base metals and iron ore.
76GF Score

Get the complete analysis for XMAD:XVALO

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

€12.74
Price
€10.77
GF Value