KBC Ancora (FRA:KB9) Selling, General, & Admin. Expense: €3.2 Mil (TTM As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
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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:KB9 KBC Ancora SA FRA:KB9
77 GF Score
Price €84.10
GF Value €58.20
Valuation Significantly Overvalued
! 8 Warning Signs
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What is KBC Ancora Selling, General, & Admin. Expense?

KBC Ancora FRA:KB9 -0.47% 77 Selling, General, & Admin. Expense is €3.2 Mil as of Dec. 2025. GuruFocus rates FRA:KB9 with a GF Score™ of 77/100 and a GF Value™ of €58.20 (Significantly Overvalued). The stock has 8 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. KBC Ancora's selling, general, & admin. expense for the six months ended in Dec. 2025 was €1.5 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2025 was €3.2 Mil.


KBC Ancora  (FRA:KB9) 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.


KBC Ancora Selling, General, & Admin. Expense Related Terms


KBC Ancora Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for KBC Ancora'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.

KBC Ancora Selling, General, & Admin. Expense Chart

KBC Ancora Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.39 3.27 3.04 3.20 3.17

KBC Ancora 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 1.57 1.63 1.54 1.63 1.55

FRA:KB9 vs BLK, BX, KKR: Selling, General, & Admin. Expense Comparison

For the Asset Management subindustry, KBC Ancora'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.


KBC Ancora Selling, General, & Admin. Expense vs Asset Management Industry

For the Asset Management industry and Financial Services sector, KBC Ancora's Selling, General, & Admin. Expense distribution charts can be found below:

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


FRA:KB9
77GF Score
KBC Ancora SA FRA:KB9
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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KBC Ancora 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 €3.2 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 €3.2 Mil mean?
KBC Ancora (FRA:KB9) has a Selling, General, & Admin. Expense of €3.2 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 KBC Ancora and its competitors.
Is KBC Ancora's Selling, General, & Admin. Expense too high?
KBC Ancora's current Selling, General, & Admin. Expense is €3.2 Mil. Overall, KBC Ancora has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KBC Ancora's Selling, General, & Admin. Expense compare to BLK and BX?
KBC Ancora's Selling, General, & Admin. Expense of €3.2 Mil can be compared against companies in the Asset Management 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 Asset Management company?
A good Selling, General, & Admin. Expense depends on the Asset Management 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 KBC Ancora and its competitors. KBC Ancora's current Selling, General, & Admin. Expense is €3.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KBC Ancora stock overvalued right now?
Based on GuruFocus' analysis, KBC Ancora (FRA:KB9) is currently considered Significantly Overvalued. The stock's GF Value™ is €58.20, compared to a current price of €84.10 — trading 44.5% above its estimated fair value. The current Selling, General, & Admin. Expense is €3.2 Mil. KBC Ancora's overall GF Score™ is 77/100 with 8 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 KBC Ancora (FRA:KB9), the current Selling, General, & Admin. Expense is €3.2 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 KBC Ancora (FRA:KB9) Overvalued in 2026?

Based on GuruFocus' analysis, KBC Ancora stock appears to be overvalued. The current stock price of €84.10 is trading 44.5% above its estimated GF Value™ of €58.20. GuruFocus considers KBC Ancora to be Significantly Overvalued.

Key valuation signals for FRA:KB9:

  • Selling, General, & Admin. Expense: €3.2 Mil
  • GF Value™: €58.20 vs. price of €84.10 (44.5% above fair value)
  • GF Score™: 77/100 with 8 warning signs

No single metric tells the full story. See the FRA:KB9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KBC Ancora Business Description

Address Muntstraat 1, Leuven, BEL, 3000
KBC Ancora SA is a financial services holding company whose sole asset is a substantial participating interest in KBC Group. Its operational activities are fairly limited. The group engages in retail banking, insurance, and asset management services, deriving the vast majority of its profits from activities in Belgium. Other profit-driving markets include the Czech Republic, Bulgaria, and Ireland. Revenue is reported through net interest income, insurance premiums, and fees and commissions, reflecting a diverse range of services.
77GF Score

Get the complete analysis for FRA:KB9

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

€84.10
Price
€58.20
GF Value