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Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. China Merchants Bank Co's selling, general, & admin. expense for the
three
months ended in Mar. 2026 was $3,591 Mil.
Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was $-496 Mil.
China Merchants Bank Co (OTCPK:CIHHF) 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.
China Merchants Bank Co Selling, General, & Admin. Expense Related Terms
China Merchants Bank Co Selling, General, & Admin. Expense Historical Data
* Premium members only.
The historical data trend for China Merchants Bank Co'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.
China Merchants Bank Co Selling, General, & Admin. Expense Chart
China Merchants Bank Co Selling, General, & Admin. Expense Competitor Comparison
For the Banks - Regional subindustry, China Merchants Bank Co'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.
China Merchants Bank Co Selling, General, & Admin. Expense vs Banks Industry
For the Banks industry and Financial Services sector, China Merchants Bank Co's Selling, General, & Admin. Expense distribution charts can be found below:
* The bar in red indicates where China Merchants Bank Co's Selling, General, & Admin. Expense falls into.
China Merchants Bank Co 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 $-496 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 $-496 Mil mean?
China Merchants Bank Co (CIHHF) has a Selling, General, & Admin. Expense of $-496 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 China Merchants Bank Co and its competitors.
Is China Merchants Bank Co's Selling, General, & Admin. Expense too high?
China Merchants Bank Co's current Selling, General, & Admin. Expense is $-496 Mil. Overall, China Merchants Bank Co has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Merchants Bank Co's Selling, General, & Admin. Expense compare to competitors?
China Merchants Bank Co's Selling, General, & Admin. Expense of $-496 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 China Merchants Bank Co and its competitors. China Merchants Bank Co's current Selling, General, & Admin. Expense is $-496 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Merchants Bank Co stock overvalued right now?
Based on GuruFocus' analysis, China Merchants Bank Co (CIHHF) is currently considered Fairly Valued. The stock's GF Value™ is $6.11, compared to a current price of $6.10 — trading 0.2% below its estimated fair value. The current Selling, General, & Admin. Expense is $-496 Mil. China Merchants Bank Co's overall GF Score™ is 69/100 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 China Merchants Bank Co (CIHHF), the current Selling, General, & Admin. Expense is $-496 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 China Merchants Bank Co (CIHHF) Overvalued in 2026?
Based on GuruFocus' analysis, China Merchants Bank Co stock appears to be undervalued.
The current stock price of $6.10 is trading 0.2% below its estimated GF Value™ of $6.11.
GuruFocus considers China Merchants Bank Co to be Fairly Valued.
Key valuation signals for CIHHF:
Selling, General, & Admin. Expense: $-496 Mil
GF Value™: $6.11 vs. price of $6.10 (0.2% below fair value)
No single metric tells the full story. See the CIHHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Merchants Bank was founded in 1987 and is headquartered in Shenzhen. The bank is China's seventh-largest listed bank by assets, with the largest distribution network among China's joint-stock banks. CMB's network has been expanding rapidly. Its outlets are located mainly in China's more developed areas, including the Pearl River and Yangtze River deltas. The firm has 18% and 82% of its shares listed on the Hong Kong and Shanghai exchanges, respectively. It has no foreign strategic investors. China Merchants Group is its largest shareholder, with a 30% stake. Retail banking, corporate banking, and wholesale banking accounted for 49%, 51%, and 0% of total profit before tax, respectively, and 40%, 58%, and 2% of total revenue in 2024.
69GF Score
Get the complete analysis for CIHHF
Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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