Itausa Investimentos ITAU (BSP:ITSA4) Selling, General, & Admin. Expense: R$1,170 Mil (TTM As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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BSP:ITSA4 Itausa Investimentos ITAU SA BSP:ITSA4
75 GF Score
Price R$13.62
GF Value R$10.30
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Itausa Investimentos ITAU Selling, General, & Admin. Expense?

Itausa Investimentos ITAU BSP:ITSA4 -0.07% 75 Selling, General, & Admin. Expense is R$1,170 Mil as of Mar. 2026. GuruFocus rates BSP:ITSA4 with a GF Score™ of 75/100 and a GF Value™ of R$10.30 (Significantly Overvalued). The stock has 9 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. Itausa Investimentos ITAU's selling, general, & admin. expense for the three months ended in Mar. 2026 was R$276 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was R$1,170 Mil.


Itausa Investimentos ITAU  (BSP:ITSA4) 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.


Itausa Investimentos ITAU Selling, General, & Admin. Expense Related Terms


Itausa Investimentos ITAU Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Itausa Investimentos ITAU'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.

Itausa Investimentos ITAU Selling, General, & Admin. Expense Chart

Itausa Investimentos ITAU 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 1,337.00 1,668.00 1,140.00 1,206.00 1,175.00

Itausa Investimentos ITAU 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 281.00 303.00 276.00 315.00 276.00

BSP:ITSA4 vs HON, MMM: Selling, General, & Admin. Expense Comparison

For the Conglomerates subindustry, Itausa Investimentos ITAU'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.


Itausa Investimentos ITAU Selling, General, & Admin. Expense vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Itausa Investimentos ITAU's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Itausa Investimentos ITAU's Selling, General, & Admin. Expense falls into.


BSP:ITSA4
75GF Score
Itausa Investimentos ITAU SA BSP:ITSA4
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Itausa Investimentos ITAU 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$1,170 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$1,170 Mil mean?
Itausa Investimentos ITAU (BSP:ITSA4) has a Selling, General, & Admin. Expense of R$1,170 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 Itausa Investimentos ITAU and its competitors.
Is Itausa Investimentos ITAU's Selling, General, & Admin. Expense too high?
Itausa Investimentos ITAU's current Selling, General, & Admin. Expense is R$1,170 Mil. Overall, Itausa Investimentos ITAU has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Itausa Investimentos ITAU's Selling, General, & Admin. Expense compare to HON and MMM?
Itausa Investimentos ITAU's Selling, General, & Admin. Expense of R$1,170 Mil can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Selling, General, & Admin. Expense depends on the Conglomerates 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 Itausa Investimentos ITAU and its competitors. Itausa Investimentos ITAU's current Selling, General, & Admin. Expense is R$1,170 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Itausa Investimentos ITAU stock overvalued right now?
Based on GuruFocus' analysis, Itausa Investimentos ITAU (BSP:ITSA4) is currently considered Significantly Overvalued. The stock's GF Value™ is R$10.30, compared to a current price of R$13.62 — trading 32.2% above its estimated fair value. The current Selling, General, & Admin. Expense is R$1,170 Mil. Itausa Investimentos ITAU's overall GF Score™ is 75/100 with 9 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 Itausa Investimentos ITAU (BSP:ITSA4), the current Selling, General, & Admin. Expense is R$1,170 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 Itausa Investimentos ITAU (BSP:ITSA4) Overvalued in 2026?

Based on GuruFocus' analysis, Itausa Investimentos ITAU stock appears to be overvalued. The current stock price of R$13.62 is trading 32.2% above its estimated GF Value™ of R$10.30. GuruFocus considers Itausa Investimentos ITAU to be Significantly Overvalued.

Key valuation signals for BSP:ITSA4:

  • Selling, General, & Admin. Expense: R$1,170 Mil
  • GF Value™: R$10.30 vs. price of R$13.62 (32.2% above fair value)
  • GF Score™: 75/100 with 9 warning signs

No single metric tells the full story. See the BSP:ITSA4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Itausa Investimentos ITAU Business Description

Other Exchanges ITSA3:Brazil
Address Avenue Paulista, 1938, 5th Floor, Bela Vista, Sao Paulo, SP, BRA, 01310-200
Itausa Investimentos ITAU SA is a Brazilian investment holding company. The purpose of the company is to hold equity interests in other companies, in Brazil or abroad, for investment in any sectors of the economy, including through investment funds, disseminating among its investees its principles of appreciation of human capital, governance, and ethics in business. Its portfolio consists of brands such as Itau Unibanco, Motiva, Alpargatas, Aegea, Copa Energia, and Nova Transportadora do Sudeste (NTS). The majority of the revenue for the company is generated from Itau Unibanco, which is a banking institution that offers, directly or using its subsidiaries, a broad range of credit products and other financial services to a diversified individual & corporate client base in Brazil and abroad.
75GF Score

Get the complete analysis for BSP:ITSA4

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

R$13.62
Price
R$10.30
GF Value