Michelin (MEX:ML) Other Operating Expense: MXN3,566 Mil (TTM As of Dec. 2025)


MEX:ML Michelin MEX:ML
84 GF Score
Price MXN733.29
GF Value MXN635.00
! 6 Warning Signs
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What is Michelin Other Operating Expense?

Michelin MEX:ML 84 Other Operating Expense is MXN3,566 Mil as of Dec. 2025. GuruFocus rates MEX:ML with a GF Score™ of 84/100 and a GF Value™ of MXN635.00. The stock has 6 warning signs investors should review.

Michelin's Other Operating Expense for the six months ended in Dec. 2025 was MXN1,286 Mil. Its Other Operating Expense for the trailing twelve months (TTM) ended in Dec. 2025 was MXN3,566 Mil.

Michelin's quarterly Other Operating Expense declined from Dec. 2024 (MXN3,975 Mil) to Jun. 2025 (MXN2,280 Mil) and declined from Jun. 2025 (MXN2,280 Mil) to Dec. 2025 (MXN1,286 Mil).

Michelin's annual Other Operating Expense increased from Dec. 2023 (MXN3,702 Mil) to Dec. 2024 (MXN6,137 Mil) but then declined from Dec. 2024 (MXN6,137 Mil) to Dec. 2025 (MXN3,500 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 1,251.70 6,030.54 3,702.13 6,136.60 3,499.94

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 2,461.91 1,952.30 3,974.59 2,280.35 1,286.12
MEX:ML
84GF Score
Michelin MEX:ML
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 MXN3,566 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 MXN3,566 Mil mean?
Michelin (MEX:ML) has a Other Operating Expense of MXN3,566 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 MXN3,566 Mil. Overall, Michelin has a GF Score™ of 84/100, 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 MXN3,566 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 MXN3,566 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?
Michelin (MEX:ML) has a current Other Operating Expense of MXN3,566 Mil. The stock's GF Value™ is MXN635.00, compared to a current price of MXN733.29 — trading 15.5% above its estimated fair value. The current Other Operating Expense is MXN3,566 Mil. Michelin's overall GF Score™ is 84/100 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 (MEX:ML), the current Other Operating Expense is MXN3,566 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 (MEX:ML) Overvalued in 2026?

Based on GuruFocus' analysis, Michelin stock appears to be overvalued. The current stock price of MXN733.29 is trading 15.5% above its estimated GF Value™ of MXN635.00.

Key valuation signals for MEX:ML:

  • Other Operating Expense: MXN3,566 Mil
  • GF Value™: MXN635.00 vs. price of MXN733.29 (15.5% above fair value)
  • GF Score™: 84/100 with 6 warning signs

No single metric tells the full story. See the MEX:ML 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.
84GF Score

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

MXN733.29
Price
MXN635.00
GF Value