Jardine Cycle & Carriage (FRA:CYC) Selling, General, & Admin. Expense: €1,925 Mil (TTM As of Dec. 2025)

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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.
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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.

FRA:CYC Jardine Cycle & Carriage Ltd FRA:CYC
71 GF Score
Price €18.20
GF Value €17.45
Valuation Fairly Valued
! 3 Warning Signs
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What is Jardine Cycle & Carriage Selling, General, & Admin. Expense?

Jardine Cycle & Carriage FRA:CYC -1.62% 71 Selling, General, & Admin. Expense is €1,925 Mil as of Dec. 2025. GuruFocus rates FRA:CYC with a GF Score™ of 71/100 and a GF Value™ of €17.45 (Fairly Valued). The stock has 3 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. Jardine Cycle & Carriage's selling, general, & admin. expense for the six months ended in Dec. 2025 was €981 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2025 was €1,925 Mil.


Jardine Cycle & Carriage  (FRA:CYC) 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.


Jardine Cycle & Carriage Selling, General, & Admin. Expense Related Terms


Jardine Cycle & Carriage Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Jardine Cycle & Carriage'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.

Jardine Cycle & Carriage Selling, General, & Admin. Expense Chart

Jardine Cycle & Carriage 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 1,780.62 1,953.14 1,966.05 2,081.90 1,910.91

Jardine Cycle & Carriage Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 995.86 961.42 1,093.57 944.08 980.99

FRA:CYC vs HON, MMM: Selling, General, & Admin. Expense Comparison

For the Conglomerates subindustry, Jardine Cycle & Carriage'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.


Jardine Cycle & Carriage Selling, General, & Admin. Expense vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Jardine Cycle & Carriage's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Jardine Cycle & Carriage's Selling, General, & Admin. Expense falls into.


FRA:CYC
71GF Score
Jardine Cycle & Carriage Ltd FRA:CYC
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Jardine Cycle & Carriage 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €1,925 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 €1,925 Mil mean?
Jardine Cycle & Carriage (FRA:CYC) has a Selling, General, & Admin. Expense of €1,925 Mil as of Dec. 2025. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Jardine Cycle & Carriage and its competitors.
Is Jardine Cycle & Carriage's Selling, General, & Admin. Expense too high?
Jardine Cycle & Carriage's current Selling, General, & Admin. Expense is €1,925 Mil. Overall, Jardine Cycle & Carriage has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Jardine Cycle & Carriage's Selling, General, & Admin. Expense compare to HON and MMM?
Jardine Cycle & Carriage's Selling, General, & Admin. Expense of €1,925 Mil can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Selling, General, & Admin. Expense depends on the Conglomerates 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 Jardine Cycle & Carriage and its competitors. Jardine Cycle & Carriage's current Selling, General, & Admin. Expense is €1,925 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jardine Cycle & Carriage stock overvalued right now?
Based on GuruFocus' analysis, Jardine Cycle & Carriage (FRA:CYC) is currently considered Fairly Valued. The stock's GF Value™ is €17.45, compared to a current price of €18.20 — trading 4.3% above its estimated fair value. The current Selling, General, & Admin. Expense is €1,925 Mil. Jardine Cycle & Carriage's overall GF Score™ is 71/100 with 3 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 Jardine Cycle & Carriage (FRA:CYC), the current Selling, General, & Admin. Expense is €1,925 Mil as of Dec. 2025. 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 Jardine Cycle & Carriage (FRA:CYC) Overvalued in 2026?

Based on GuruFocus' analysis, Jardine Cycle & Carriage stock appears to be overvalued. The current stock price of €18.20 is trading 4.3% above its estimated GF Value™ of €17.45. GuruFocus considers Jardine Cycle & Carriage to be Fairly Valued.

Key valuation signals for FRA:CYC:

  • Selling, General, & Admin. Expense: €1,925 Mil
  • GF Value™: €17.45 vs. price of €18.20 (4.3% above fair value)
  • GF Score™: 71/100 with 3 warning signs

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


Jardine Cycle & Carriage Business Description

Address 239 Alexandra Road, Singapore, SGP, 159930
Jardine Cycle & Carriage Ltd is an investment holding conglomerate focused on investments in the manufacture and distribution of motor vehicles in Southeast Asia. Its segments are Astra, Thaco, Cycle & Carriage. The Astra segment includes the company's controlling interest in Astra International, an automotive group in Southeast Asia; THACO is a multi-industry group; Cycle & Carriage represents a broad range of automotive brands across its established network in Singapore and Malaysia.
71GF Score

Get the complete analysis for FRA:CYC

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

€18.20
Price
€17.45
GF Value