Air France-KLM (CHIX:AFP) Selling, General, & Admin. Expense: €1,153 Mil (TTM As of Mar. 2026)


CHIX:AFP Air France-KLM CHIX:AFP
69 GF Score
Price €12.32
GF Value €11.03
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Air France-KLM Selling, General, & Admin. Expense?

Air France-KLM CHIX:AFP 69 Selling, General, & Admin. Expense is €1,153 Mil as of Mar. 2026. GuruFocus rates CHIX:AFP with a GF Score™ of 69/100 and a GF Value™ of €11.03 (Modestly Overvalued). The stock has 7 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. Air France-KLM's selling, general, & admin. expense for the three months ended in Mar. 2026 was €291 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was €1,153 Mil.


Air France-KLM  (CHIX:AFp) 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.


Air France-KLM Selling, General, & Admin. Expense Related Terms


Air France-KLM Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Air France-KLM'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.

Air France-KLM Selling, General, & Admin. Expense Chart

Air France-KLM 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 385.00 887.00 1,029.00 1,060.00 1,146.00

Air France-KLM 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 284.00 284.00 280.00 298.00 291.00

CHIX:AFP vs DAL, UAL, LUV: Selling, General, & Admin. Expense Comparison

For the Airlines subindustry, Air France-KLM'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.


Air France-KLM Selling, General, & Admin. Expense vs Transportation Industry

For the Transportation industry and Industrials sector, Air France-KLM's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Air France-KLM's Selling, General, & Admin. Expense falls into.


CHIX:AFP
69GF Score
Air France-KLM CHIX:AFP
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Air France-KLM 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 €1,153 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 €1,153 Mil mean?
Air France-KLM (CHIX:AFP) has a Selling, General, & Admin. Expense of €1,153 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 Air France-KLM and its competitors.
Is Air France-KLM's Selling, General, & Admin. Expense too high?
Air France-KLM's current Selling, General, & Admin. Expense is €1,153 Mil. Overall, Air France-KLM has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Air France-KLM's Selling, General, & Admin. Expense compare to DAL and UAL?
Air France-KLM's Selling, General, & Admin. Expense of €1,153 Mil can be compared against companies in the Transportation 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 Transportation company?
A good Selling, General, & Admin. Expense depends on the Transportation 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 Air France-KLM and its competitors. Air France-KLM's current Selling, General, & Admin. Expense is €1,153 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air France-KLM stock overvalued right now?
Based on GuruFocus' analysis, Air France-KLM (CHIX:AFP) is currently considered Modestly Overvalued. The stock's GF Value™ is €11.03, compared to a current price of €12.32 — trading 11.7% above its estimated fair value. The current Selling, General, & Admin. Expense is €1,153 Mil. Air France-KLM's overall GF Score™ is 69/100 with 7 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 Air France-KLM (CHIX:AFP), the current Selling, General, & Admin. Expense is €1,153 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 Air France-KLM (CHIX:AFP) Overvalued in 2026?

Based on GuruFocus' analysis, Air France-KLM stock appears to be overvalued. The current stock price of €12.32 is trading 11.7% above its estimated GF Value™ of €11.03. GuruFocus considers Air France-KLM to be Modestly Overvalued.

Key valuation signals for CHIX:AFP:

  • Selling, General, & Admin. Expense: €1,153 Mil
  • GF Value™: €11.03 vs. price of €12.32 (11.7% above fair value)
  • GF Score™: 69/100 with 7 warning signs

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


Air France-KLM Business Description

Address 7 Rue du Cirque, Paris, FRA, 75008
Air France-KLM is a European airline group engaged in businesses that include passenger and cargo transportation, low-cost operations, and aircraft maintenance. The group has four segments: network, maintenance, Transavia, and other. The network segment derives key revenue for the passenger and cargo network, mainly coming from passenger transportation services on scheduled flights with the group's airline code. The company's geographic markets include France, Benelux, Europe, and the rest of the world, with the majority of revenue coming from France, including its overseas division.
69GF Score

Get the complete analysis for CHIX:AFP

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

€12.32
Price
€11.03
GF Value