Michelin (CHIX:MLP) Other Operating Expense: €166 Mil (TTM As of Dec. 2025)


CHIX:MLP Michelin CHIX:MLP
78 GF Score
Price €34.11
GF Value €30.12
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Michelin Other Operating Expense?

Michelin CHIX:MLP -1.40% 78 Other Operating Expense is €166 Mil as of Dec. 2025. GuruFocus rates CHIX:MLP with a GF Score™ of 78/100 and a GF Value™ of €30.12 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Michelin's Other Operating Expense for the six months ended in Dec. 2025 was €61 Mil. Its Other Operating Expense for the trailing twelve months (TTM) ended in Dec. 2025 was €166 Mil.

Michelin's quarterly Other Operating Expense declined from Dec. 2024 (€182 Mil) to Jun. 2025 (€105 Mil) and declined from Jun. 2025 (€105 Mil) to Dec. 2025 (€61 Mil).

Michelin's annual Other Operating Expense increased from Dec. 2023 (€200 Mil) to Dec. 2024 (€281 Mil) but then declined from Dec. 2024 (€281 Mil) to Dec. 2025 (€166 Mil).

Michelin Other Operating Expense Historical Data

* Premium members only.

The historical data trend for Michelin's Other Operating Expense 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.

Michelin Other Operating Expense Chart

Michelin Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Other Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 54.00 292.00 200.00 281.00 166.00

Michelin Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Other Operating Expense 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 133.00 99.00 182.00 105.00 61.00
CHIX:MLP
78GF Score
Michelin CHIX:MLP
Other Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Michelin Other Operating Expense Calculation

GuruFocus uses a standardized financial statement format for all companies. For non-financial companies, GuruFocus lists Selling, General, & Admin. Expense, , Research & Development, and Other Operating Expense under the "Total Operating Expense" section.

Other Operating Expense sometimes includes:
Restructuring, and merger
Acquisition related and other
Litigation settlement charge
Other (too numerous to list)

Some companies can and do choose to report each of these items separately. Yet, there are a variety of Other Operating Expense which are simply too numerous to list.

Other Operating Expense for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €166 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.

What does a Other Operating Expense of €166 Mil mean?
Michelin (CHIX:MLP) has a Other Operating Expense of €166 Mil as of Dec. 2025. Other operating expenses that a company records on its income statement. View historical data on Michelin and its competitors.
Is Michelin's Other Operating Expense too high?
Michelin's current Other Operating Expense is €166 Mil. Overall, Michelin has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Michelin's Other Operating Expense compare to ORLY and AZO?
Michelin's Other Operating Expense of €166 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Other Operating Expense for a Vehicles & Parts company?
A good Other Operating Expense depends on the Vehicles & Parts industry context. However, Other Operating Expense 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 Other Operating Expense mean?
A high Other Operating Expense can signal that a stock is expensive relative to its fundamentals. Other operating expenses that a company records on its income statement. View historical data on Michelin and its competitors. Michelin's current Other Operating Expense is €166 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Michelin stock overvalued right now?
Based on GuruFocus' analysis, Michelin (CHIX:MLP) is currently considered Modestly Overvalued. The stock's GF Value™ is €30.12, compared to a current price of €34.11 — trading 13.2% above its estimated fair value. The current Other Operating Expense is €166 Mil. Michelin's overall GF Score™ is 78/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Other Operating Expense calculated?
Other Operating Expense is calculated from a company's financial statements. For Michelin (CHIX:MLP), the current Other Operating Expense is €166 Mil as of Dec. 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 Michelin (CHIX:MLP) Overvalued in 2026?

Based on GuruFocus' analysis, Michelin stock appears to be overvalued. The current stock price of €34.11 is trading 13.2% above its estimated GF Value™ of €30.12. GuruFocus considers Michelin to be Modestly Overvalued.

Key valuation signals for CHIX:MLP:

  • Other Operating Expense: €166 Mil
  • GF Value™: €30.12 vs. price of €34.11 (13.2% above fair value)
  • GF Score™: 78/100 with 6 warning signs

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

Michelin Business Description

Address 23, Place des Carmes, Dechaux, Puy-de-Dome, Clermont-Ferrand, FRA, 63000
Michelin manufactures tires for passenger vehicles. The company also makes tires for all types of commercial vehicles as well as bicycle, motorcycle, earthmover, aviation, and agricultural tires. Its operations are organized into three operating segments namely Automotive and two-wheel; Road transportation; and Specialty businesses. The company generates maximum revenue from Automotive segments. The Specialty businesses include the Mining, Beyond-road, Two-wheel and Aircraft tire activities, as well as the High-Tech Materials activities. The Services & Solutions businesses are included for the majority part in the Road transportation and related distribution segment.
78GF Score

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Other Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€34.11
Price
€30.12
GF Value