Nacon (XPAR:NACON) Research & Development: €0.5 Mil (TTM As of Sep. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XPAR:NACON Nacon SA XPAR:NACON
48 GF Score
Price €0.16
GF Value €0.98
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Nacon Research & Development?

Nacon XPAR:NACON -2.44% 48 Research & Development is €0.5 Mil as of Sep. 2025. GuruFocus rates XPAR:NACON with a GF Score™ of 48/100 and a GF Value™ of €0.98 (Possible Value Trap). The stock has 4 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Nacon's Research & Development for the six months ended in Sep. 2025 was €0.3 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Sep. 2025 was €0.5 Mil.

Nacon  (XPAR:NACON) 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.

Nacon Research & Development Related Terms

Nacon Research & Development Historical Data

* Premium members only.

The historical data trend for Nacon'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.

Nacon Research & Development Chart

Nacon Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Research & Development
Get a 7-Day Free Trial Premium Member Only 0.40 0.38 0.44 0.29 0.38

Nacon Semi-Annual Data
Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 0.14 0.16 0.17 0.22 0.28
XPAR:NACON
48GF Score
Nacon SA XPAR:NACON
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nacon Research & Development Calculation

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

Research & Development for the trailing twelve months (TTM) ended in Sep. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €0.5 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 €0.5 Mil mean?
Nacon (XPAR:NACON) has a Research & Development of €0.5 Mil as of Sep. 2025. Research and development expense is the total cost for research and development activities. View historical data on Nacon and its competitors.
Is Nacon's Research & Development too high?
Nacon's current Research & Development is €0.5 Mil. Overall, Nacon has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Nacon's Research & Development compare to NTES and EA?
Nacon's Research & Development of €0.5 Mil can be compared against companies in the Interactive Media 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 Interactive Media company?
A good Research & Development depends on the Interactive Media 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 Nacon and its competitors. Nacon's current Research & Development is €0.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nacon stock overvalued right now?
Based on GuruFocus' analysis, Nacon (XPAR:NACON) is currently considered Possible Value Trap. The stock's GF Value™ is €0.98, compared to a current price of €0.16 — trading 83.7% below its estimated fair value. The current Research & Development is €0.5 Mil. Nacon's overall GF Score™ is 48/100 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 Nacon (XPAR:NACON), the current Research & Development is €0.5 Mil as of Sep. 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 Nacon (XPAR:NACON) Overvalued in 2026?

Based on GuruFocus' analysis, Nacon stock appears to be undervalued. The current stock price of €0.16 is trading 83.7% below its estimated GF Value™ of €0.98. GuruFocus considers Nacon to be Possible Value Trap.

Key valuation signals for XPAR:NACON:

  • Research & Development: €0.5 Mil
  • GF Value™: €0.98 vs. price of €0.16 (83.7% below fair value)
  • GF Score™: 48/100 with 4 warning signs

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

Nacon Business Description

Other Exchanges 0A9N:UK4AW:Germany
Address 396/466, Rue de la Voyette, CRT 2, Fretin, FRA, 59273
Nacon SA is engaged in the development, publishing, marketing, and distribution of video games in physical and digital formats and the design, development, manufacturing, and distribution of video game accessories. Products/services: The Group offers video game software for consoles and PC, including internally and externally developed titles, and a range of gaming accessories such as controllers and related peripherals. Segments: It operates through two main segments, comprising video games (development and publishing) and gaming accessories. The Group operates internationally, with activities covering Europe, North America, and other international markets through digital platforms, distributors, and subsidiaries.
48GF Score

Get the complete analysis for XPAR:NACON

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

€0.16
Price
€0.98
GF Value