BCO Estado de Sergipe - Banese (BSP:BGIP3) Selling, General, & Admin. Expense: R$246 Mil (TTM As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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BSP:BGIP3 BCO Estado de Sergipe SA - Banese BSP:BGIP3
46 GF Score
Price R$47.30
GF Value R$26.35
Valuation Significantly Overvalued
! 2 Warning Signs
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What is BCO Estado de Sergipe - Banese Selling, General, & Admin. Expense?

BCO Estado de Sergipe - Banese BSP:BGIP3 46 Selling, General, & Admin. Expense is R$246 Mil as of Mar. 2026. GuruFocus rates BSP:BGIP3 with a GF Score™ of 46/100 and a GF Value™ of R$26.35 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. BCO Estado de Sergipe - Banese's selling, general, & admin. expense for the three months ended in Mar. 2026 was R$63 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was R$246 Mil.


BCO Estado de Sergipe - Banese  (BSP:BGIP3) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


BCO Estado de Sergipe - Banese Selling, General, & Admin. Expense Related Terms


BCO Estado de Sergipe - Banese Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for BCO Estado de Sergipe - Banese's Selling, General, & Admin. 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.

BCO Estado de Sergipe - Banese Selling, General, & Admin. Expense Chart

BCO Estado de Sergipe - Banese Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 231.04 251.11 235.39 226.62 238.18

BCO Estado de Sergipe - Banese Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Selling, General, & Admin. 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 55.34 56.60 65.32 60.92 63.16

BSP:BGIP3 vs PNC, USB: Selling, General, & Admin. Expense Comparison

For the Banks - Regional subindustry, BCO Estado de Sergipe - Banese's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


BCO Estado de Sergipe - Banese Selling, General, & Admin. Expense vs Banks Industry

For the Banks industry and Financial Services sector, BCO Estado de Sergipe - Banese's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where BCO Estado de Sergipe - Banese's Selling, General, & Admin. Expense falls into.


BSP:BGIP3
46GF Score
BCO Estado de Sergipe SA - Banese BSP:BGIP3
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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BCO Estado de Sergipe - Banese Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense 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 R$246 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 Selling, General, & Admin. Expense of R$246 Mil mean?
BCO Estado de Sergipe - Banese (BSP:BGIP3) has a Selling, General, & Admin. Expense of R$246 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on BCO Estado de Sergipe - Banese and its competitors.
Is BCO Estado de Sergipe - Banese's Selling, General, & Admin. Expense too high?
BCO Estado de Sergipe - Banese's current Selling, General, & Admin. Expense is R$246 Mil. Overall, BCO Estado de Sergipe - Banese has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BCO Estado de Sergipe - Banese's Selling, General, & Admin. Expense compare to PNC and USB?
BCO Estado de Sergipe - Banese's Selling, General, & Admin. Expense of R$246 Mil can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a Banks company?
A good Selling, General, & Admin. Expense depends on the Banks industry context. However, Selling, General, & Admin. 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 Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on BCO Estado de Sergipe - Banese and its competitors. BCO Estado de Sergipe - Banese's current Selling, General, & Admin. Expense is R$246 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BCO Estado de Sergipe - Banese stock overvalued right now?
Based on GuruFocus' analysis, BCO Estado de Sergipe - Banese (BSP:BGIP3) is currently considered Significantly Overvalued. The stock's GF Value™ is R$26.35, compared to a current price of R$47.30 — trading 79.5% above its estimated fair value. The current Selling, General, & Admin. Expense is R$246 Mil. BCO Estado de Sergipe - Banese's overall GF Score™ is 46/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For BCO Estado de Sergipe - Banese (BSP:BGIP3), the current Selling, General, & Admin. Expense is R$246 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 BCO Estado de Sergipe - Banese (BSP:BGIP3) Overvalued in 2026?

Based on GuruFocus' analysis, BCO Estado de Sergipe - Banese stock appears to be overvalued. The current stock price of R$47.30 is trading 79.5% above its estimated GF Value™ of R$26.35. GuruFocus considers BCO Estado de Sergipe - Banese to be Significantly Overvalued.

Key valuation signals for BSP:BGIP3:

  • Selling, General, & Admin. Expense: R$246 Mil
  • GF Value™: R$26.35 vs. price of R$47.30 (79.5% above fair value)
  • GF Score™: 46/100 with 2 warning signs

No single metric tells the full story. See the BSP:BGIP3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BCO Estado de Sergipe - Banese Business Description

Other Exchanges BGIP4:Brazil
Address Rua F - 31, Aracaju, SE, BRA, 49040240
BCO Estado de Sergipe SA - Banese offers a range of banking products and services to individuals and corporates in the areas of loans and deposits, investment banking, portfolio management, leasing, pension, as well as life and property insurance and Internet banking services.
46GF Score

Get the complete analysis for BSP:BGIP3

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$47.30
Price
R$26.35
GF Value