Systemair AB (FRA:52SA) Selling, General, & Admin. Expense: €319 Mil (TTM As of Apr. 2026)

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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.

FRA:52SA Systemair AB FRA:52SA
83 GF Score
Price €7.56
GF Value €7.28
Valuation Fairly Valued
! 1 Warning Sign
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What is Systemair AB Selling, General, & Admin. Expense?

Systemair AB FRA:52SA +4.56% 83 Selling, General, & Admin. Expense is €319 Mil as of Apr. 2026. GuruFocus rates FRA:52SA with a GF Score™ of 83/100 and a GF Value™ of €7.28 (Fairly Valued). The stock has 1 warning sign investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Systemair AB's selling, general, & admin. expense for the three months ended in Apr. 2026 was €88 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Apr. 2026 was €319 Mil.


Systemair AB  (FRA:52SA) 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.


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


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

* Premium members only.

The historical data trend for Systemair 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.

Systemair AB Selling, General, & Admin. Expense Chart

Systemair AB Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 83.70 100.84 103.84 307.42 321.44

Systemair AB Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 82.11 75.28 75.68 80.33 87.93

FRA:52SA vs TT, JCI, CARR: Selling, General, & Admin. Expense Comparison

For the Building Products & Equipment subindustry, Systemair 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.


Systemair AB Selling, General, & Admin. Expense vs Construction Industry

For the Construction industry and Industrials sector, Systemair AB's Selling, General, & Admin. Expense distribution charts can be found below:

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


FRA:52SA
83GF Score
Systemair AB FRA:52SA
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Systemair 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 Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €319 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 €319 Mil mean?
Systemair AB (FRA:52SA) has a Selling, General, & Admin. Expense of €319 Mil as of Apr. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Systemair AB and its competitors.
Is Systemair AB's Selling, General, & Admin. Expense too high?
Systemair AB's current Selling, General, & Admin. Expense is €319 Mil. Overall, Systemair AB has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Systemair AB's Selling, General, & Admin. Expense compare to TT and JCI?
Systemair AB's Selling, General, & Admin. Expense of €319 Mil can be compared against companies in the Construction 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 Construction company?
A good Selling, General, & Admin. Expense depends on the Construction 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 Systemair AB and its competitors. Systemair AB's current Selling, General, & Admin. Expense is €319 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Systemair AB stock overvalued right now?
Based on GuruFocus' analysis, Systemair AB (FRA:52SA) is currently considered Fairly Valued. The stock's GF Value™ is €7.28, compared to a current price of €7.56 — trading 3.8% above its estimated fair value. The current Selling, General, & Admin. Expense is €319 Mil. Systemair AB's overall GF Score™ is 83/100 with 1 warning sign 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 Systemair AB (FRA:52SA), the current Selling, General, & Admin. Expense is €319 Mil as of Apr. 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 Systemair AB (FRA:52SA) Overvalued in 2026?

Based on GuruFocus' analysis, Systemair AB stock appears to be overvalued. The current stock price of €7.56 is trading 3.8% above its estimated GF Value™ of €7.28. GuruFocus considers Systemair AB to be Fairly Valued.

Key valuation signals for FRA:52SA:

  • Selling, General, & Admin. Expense: €319 Mil
  • GF Value™: €7.28 vs. price of €7.56 (3.8% above fair value)
  • GF Score™: 83/100 with 1 warning sign

No single metric tells the full story. See the FRA:52SA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Systemair AB Business Description

Address Industrivagen 3, Skinnskatteberg, SWE, SE-739 30
Systemair AB is a building material company that develops, manufactures, and markets ventilation products. The company's products under its flagship Systemair brand include air conditioning units, air curtains, air distribution products, and energy-efficient fans. The company also markets products under its Frico, VEAB Heat Tech AB, Fantech, and Menerga segments. Frico manufactures air curtains and heating products, while VEAB primarily develops heating products. The Fantech segment markets to the residential sector, in contrast to Systemair's commercial base. Menerga produces high-efficiency air-handling units for specialized buildings such as museums, airports, and swimming pool halls. The company generates the majority of its revenue from Europe.
83GF Score

Get the complete analysis for FRA:52SA

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

€7.56
Price
€7.28
GF Value