Cummins (XTER:CUM) Research & Development: €1,212 Mil (TTM As of Mar. 2026)


XTER:CUM Cummins Inc XTER:CUM
85 GF Score
Price €581.60
GF Value €276.21
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Cummins Research & Development?

Cummins XTER:CUM 85 Research & Development is €1,212 Mil as of Mar. 2026. GuruFocus rates XTER:CUM with a GF Score™ of 85/100 and a GF Value™ of €276.21 (Significantly Overvalued). The stock has 9 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Cummins's Research & Development for the three months ended in Mar. 2026 was €310 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was €1,212 Mil.

Cummins  (XTER:CUM) 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.

Cummins Research & Development Related Terms

Cummins Research & Development Historical Data

* Premium members only.

The historical data trend for Cummins'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.

Cummins Research & Development Chart

Cummins 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 964.65 1,206.43 1,375.50 1,397.17 1,192.18

Cummins 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 318.20 309.52 293.94 298.90 309.67
XTER:CUM
85GF Score
Cummins Inc XTER:CUM
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Cummins 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 €1,212 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 €1,212 Mil mean?
Cummins (XTER:CUM) has a Research & Development of €1,212 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Cummins and its competitors.
Is Cummins' Research & Development too high?
Cummins' current Research & Development is €1,212 Mil. Overall, Cummins has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cummins' Research & Development compare to EMR and PH?
Cummins' Research & Development of €1,212 Mil can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Research & Development depends on the Industrial Products 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 Cummins and its competitors. Cummins's current Research & Development is €1,212 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cummins stock overvalued right now?
Based on GuruFocus' analysis, Cummins (XTER:CUM) is currently considered Significantly Overvalued. The stock's GF Value™ is €276.21, compared to a current price of €581.60 — trading 110.6% above its estimated fair value. The current Research & Development is €1,212 Mil. Cummins' overall GF Score™ is 85/100 with 9 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 Cummins (XTER:CUM), the current Research & Development is €1,212 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 Cummins (XTER:CUM) Overvalued in 2026?

Based on GuruFocus' analysis, Cummins stock appears to be overvalued. The current stock price of €581.60 is trading 110.6% above its estimated GF Value™ of €276.21. GuruFocus considers Cummins to be Significantly Overvalued.

Key valuation signals for XTER:CUM:

  • Research & Development: €1,212 Mil
  • GF Value™: €276.21 vs. price of €581.60 (110.6% above fair value)
  • GF Score™: 85/100 with 9 warning signs

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

Cummins Business Description

Address 500 Jackson Street, Box 3005, Columbus, IN, USA, 47202-3005
Cummins is a leading manufacturer of diesel and other engines used in heavy- and medium-duty commercial trucks, off-highway equipment, and locomotives, in addition to prime power and standby generators. The company also sells powertrain components, which include filtration products, transmissions, turbochargers, aftertreatment systems, and fuel systems. Sales are approximately 60% US and Canada and 40% rest of the world. Much of Cummins' foreign sales (China, India, and so forth) are through joint ventures. The company operates 650 distributors and over 19,000 dealer locations across 190 countries. Cummins' business model is unique as it competes with many of its heavy-duty truck manufacturer customers, which also make their own engines.
85GF Score

Get the complete analysis for XTER:CUM

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

€581.60
Price
€276.21
GF Value