Equinor ASA (FRA:DNQ) Selling, General, & Admin. Expense: €978 Mil (TTM As of Jun. 2026)

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Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:DNQ Equinor ASA FRA:DNQ
77 GF Score
Price €33.96
GF Value €29.69
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Equinor ASA Selling, General, & Admin. Expense?

Equinor ASA FRA:DNQ -3.80% 77 Selling, General, & Admin. Expense is €978 Mil as of Jun. 2026. GuruFocus rates FRA:DNQ with a GF Score™ of 77/100 and a GF Value™ of €29.69 (Modestly Overvalued). The stock has 5 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. Equinor ASA's selling, general, & admin. expense for the three months ended in Jun. 2026 was €237 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Jun. 2026 was €978 Mil.


Equinor ASA  (FRA:DNQ) 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.


Equinor ASA Selling, General, & Admin. Expense Related Terms


Equinor ASA Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Equinor ASA'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.

Equinor ASA Selling, General, & Admin. Expense Chart

Equinor ASA 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 690.30 930.78 1,116.91 1,198.53 1,030.78

Equinor ASA 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 285.24 219.82 253.64 267.29 236.96

FRA:DNQ vs XOM, CVX: Selling, General, & Admin. Expense Comparison

For the Oil & Gas Integrated subindustry, Equinor ASA'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.


Equinor ASA Selling, General, & Admin. Expense vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Equinor ASA's Selling, General, & Admin. Expense distribution charts can be found below:

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


FRA:DNQ
77GF Score
Equinor ASA FRA:DNQ
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Equinor ASA 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 €978 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 €978 Mil mean?
Equinor ASA (FRA:DNQ) has a Selling, General, & Admin. Expense of €978 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 Equinor ASA and its competitors.
Is Equinor ASA's Selling, General, & Admin. Expense too high?
Equinor ASA's current Selling, General, & Admin. Expense is €978 Mil. Overall, Equinor ASA has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Equinor ASA's Selling, General, & Admin. Expense compare to XOM and CVX?
Equinor ASA's Selling, General, & Admin. Expense of €978 Mil can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Selling, General, & Admin. Expense depends on the Oil & Gas 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 Equinor ASA and its competitors. Equinor ASA's current Selling, General, & Admin. Expense is €978 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equinor ASA stock overvalued right now?
Based on GuruFocus' analysis, Equinor ASA (FRA:DNQ) is currently considered Modestly Overvalued. The stock's GF Value™ is €29.69, compared to a current price of €33.96 — trading 14.4% above its estimated fair value. The current Selling, General, & Admin. Expense is €978 Mil. Equinor ASA's overall GF Score™ is 77/100 with 5 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 Equinor ASA (FRA:DNQ), the current Selling, General, & Admin. Expense is €978 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 Equinor ASA (FRA:DNQ) Overvalued in 2026?

Based on GuruFocus' analysis, Equinor ASA stock appears to be overvalued. The current stock price of €33.96 is trading 14.4% above its estimated GF Value™ of €29.69. GuruFocus considers Equinor ASA to be Modestly Overvalued.

Key valuation signals for FRA:DNQ:

  • Selling, General, & Admin. Expense: €978 Mil
  • GF Value™: €29.69 vs. price of €33.96 (14.4% above fair value)
  • GF Score™: 77/100 with 5 warning signs

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


Equinor ASA Business Description

Industry EnergyOil & Gas
Address Forusbeen 50, Stavanger, NOR, NO-4035
Equinor is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the Norwegian Continental Shelf, the firm produced 2.1 million barrels of oil equivalent per day in 2025 (50% liquids) and ended 2025 with 5.2 billion barrels of proven reserves (45% liquids). Operations also include oil refineries and natural gas processing, marketing, and trading. The renewables portfolio includes offshore and onshore wind and solar, with total power generation of 5.65 TWh in 2025.
77GF Score

Get the complete analysis for FRA:DNQ

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

€33.96
Price
€29.69
GF Value