Note AB (CHIX:NOTES) Selling, General, & Admin. Expense: kr183 Mil (TTM As of Jun. 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.

CHIX:NOTES Note AB CHIX:NOTES
96 GF Score
Price kr161.45
GF Value kr179.92
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Note AB Selling, General, & Admin. Expense?

Note AB CHIX:NOTES 96 Selling, General, & Admin. Expense is kr183 Mil as of Jun. 2026. GuruFocus rates CHIX:NOTES with a GF Score™ of 96/100 and a GF Value™ of kr179.92 (Modestly Undervalued). The stock has 4 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. Note AB's selling, general, & admin. expense for the three months ended in Jun. 2026 was kr59 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Jun. 2026 was kr183 Mil.


Note AB  (CHIX:NOTEs) 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.


Note AB Selling, General, & Admin. Expense Related Terms


Note AB Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Note AB'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.

Note AB Selling, General, & Admin. Expense Chart

Note AB 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 99.73 116.09 141.29 155.00 147.03

Note AB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 37.00 34.00 43.00 47.00 59.00

CHIX:NOTES vs APH, GLW: Selling, General, & Admin. Expense Comparison

For the Electronic Components subindustry, Note AB'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.


Note AB Selling, General, & Admin. Expense vs Hardware Industry

For the Hardware industry and Technology sector, Note AB's Selling, General, & Admin. Expense distribution charts can be found below:

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


CHIX:NOTES
96GF Score
Note AB CHIX:NOTES
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Note AB 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was kr183 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 kr183 Mil mean?
Note AB (CHIX:NOTES) has a Selling, General, & Admin. Expense of kr183 Mil as of Jun. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Note AB and its competitors.
Is Note AB's Selling, General, & Admin. Expense too high?
Note AB's current Selling, General, & Admin. Expense is kr183 Mil. Overall, Note AB has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Note AB's Selling, General, & Admin. Expense compare to APH and GLW?
Note AB's Selling, General, & Admin. Expense of kr183 Mil can be compared against companies in the Hardware 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 Hardware company?
A good Selling, General, & Admin. Expense depends on the Hardware 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 Note AB and its competitors. Note AB's current Selling, General, & Admin. Expense is kr183 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Note AB stock overvalued right now?
Based on GuruFocus' analysis, Note AB (CHIX:NOTES) is currently considered Modestly Undervalued. The stock's GF Value™ is kr179.92, compared to a current price of kr161.45 — trading 10.3% below its estimated fair value. The current Selling, General, & Admin. Expense is kr183 Mil. Note AB's overall GF Score™ is 96/100 with 4 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 Note AB (CHIX:NOTES), the current Selling, General, & Admin. Expense is kr183 Mil as of Jun. 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 Note AB (CHIX:NOTES) Overvalued in 2026?

Based on GuruFocus' analysis, Note AB stock appears to be undervalued. The current stock price of kr161.45 is trading 10.3% below its estimated GF Value™ of kr179.92. GuruFocus considers Note AB to be Modestly Undervalued.

Key valuation signals for CHIX:NOTES:

  • Selling, General, & Admin. Expense: kr183 Mil
  • GF Value™: kr179.92 vs. price of kr161.45 (10.3% below fair value)
  • GF Score™: 96/100 with 4 warning signs

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


Note AB Business Description

Address Box 3691, Stockholm, SWE, 103 59
Note AB is a Swedish based EMS partner. engaged in manufacturing electronics-based products that require high technology competence and flexibility. Its business has four segments which are Industrial, Communication, Medtech and Greentech.
96GF Score

Get the complete analysis for CHIX:NOTES

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

kr161.45
Price
kr179.92
GF Value