Telecomunicacoes Brasileiras (BSP:TELB3) Selling, General, & Admin. Expense: R$18.9 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:TELB3 Telecomunicacoes Brasileiras SA BSP:TELB3
62 GF Score
Price R$11.15
GF Value R$14.94
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Telecomunicacoes Brasileiras Selling, General, & Admin. Expense?

Telecomunicacoes Brasileiras BSP:TELB3 +1.83% 62 Selling, General, & Admin. Expense is R$18.9 Mil as of Mar. 2026. GuruFocus rates BSP:TELB3 with a GF Score™ of 62/100 and a GF Value™ of R$14.94 (Modestly Undervalued). The stock has 5 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. Telecomunicacoes Brasileiras's selling, general, & admin. expense for the three months ended in Mar. 2026 was R$5.9 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was R$18.9 Mil.


Telecomunicacoes Brasileiras  (BSP:TELB3) 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.


Telecomunicacoes Brasileiras Selling, General, & Admin. Expense Related Terms


Telecomunicacoes Brasileiras Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Telecomunicacoes Brasileiras'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.

Telecomunicacoes Brasileiras Selling, General, & Admin. Expense Chart

Telecomunicacoes Brasileiras 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 86.81 14.86 16.60 19.17 16.41

Telecomunicacoes Brasileiras 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 3.37 4.91 4.41 3.72 5.86

BSP:TELB3 vs VZ, TMUS, T: Selling, General, & Admin. Expense Comparison

For the Telecom Services subindustry, Telecomunicacoes Brasileiras'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.


Telecomunicacoes Brasileiras Selling, General, & Admin. Expense vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Telecomunicacoes Brasileiras's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Telecomunicacoes Brasileiras's Selling, General, & Admin. Expense falls into.


BSP:TELB3
62GF Score
Telecomunicacoes Brasileiras SA BSP:TELB3
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Telecomunicacoes Brasileiras 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$18.9 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$18.9 Mil mean?
Telecomunicacoes Brasileiras (BSP:TELB3) has a Selling, General, & Admin. Expense of R$18.9 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 Telecomunicacoes Brasileiras and its competitors.
Is Telecomunicacoes Brasileiras' Selling, General, & Admin. Expense too high?
Telecomunicacoes Brasileiras' current Selling, General, & Admin. Expense is R$18.9 Mil. Overall, Telecomunicacoes Brasileiras has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Telecomunicacoes Brasileiras' Selling, General, & Admin. Expense compare to VZ and TMUS?
Telecomunicacoes Brasileiras' Selling, General, & Admin. Expense of R$18.9 Mil can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Selling, General, & Admin. Expense depends on the Telecommunication Services 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 Telecomunicacoes Brasileiras and its competitors. Telecomunicacoes Brasileiras's current Selling, General, & Admin. Expense is R$18.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telecomunicacoes Brasileiras stock overvalued right now?
Based on GuruFocus' analysis, Telecomunicacoes Brasileiras (BSP:TELB3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$14.94, compared to a current price of R$11.15 — trading 25.4% below its estimated fair value. The current Selling, General, & Admin. Expense is R$18.9 Mil. Telecomunicacoes Brasileiras' overall GF Score™ is 62/100 with 5 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 Telecomunicacoes Brasileiras (BSP:TELB3), the current Selling, General, & Admin. Expense is R$18.9 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 Telecomunicacoes Brasileiras (BSP:TELB3) Overvalued in 2026?

Based on GuruFocus' analysis, Telecomunicacoes Brasileiras stock appears to be undervalued. The current stock price of R$11.15 is trading 25.4% below its estimated GF Value™ of R$14.94. GuruFocus considers Telecomunicacoes Brasileiras to be Modestly Undervalued.

Key valuation signals for BSP:TELB3:

  • Selling, General, & Admin. Expense: R$18.9 Mil
  • GF Value™: R$14.94 vs. price of R$11.15 (25.4% below fair value)
  • GF Score™: 62/100 with 5 warning signs

No single metric tells the full story. See the BSP:TELB3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Telecomunicacoes Brasileiras Business Description

Other Exchanges TELB4:Brazil
Address Commercial Sector South - Quadra 09 - Bloco B, Rooms 301-405, Building Corporate Park City - Tower B, Brasilia, DF, BRA, 70308200
Telecomunicacoes Brasileiras SA is a Brazil-based company. Along with its subsidiaries, the firm offers telecommunication services in the areas of fixed line and mobile communication and internet access services. Its product portfolio includes IP (Internet Protocol) Telebras, Telebras Point-to-Point, and Telebras MPLS (Multiprotocol Label Switching) Network. The company also provides broadband services and infrastructure support services.
62GF Score

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

R$11.15
Price
R$14.94
GF Value