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Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. National Bank of Canada's selling, general, & admin. expense for the
three
months ended in Apr. 2026 was €780 Mil.
Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Apr. 2026 was €2,994 Mil.
National Bank of Canada (FRA:NBC) 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.
National Bank of Canada Selling, General, & Admin. Expense Related Terms
National Bank of Canada Selling, General, & Admin. Expense Historical Data
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The historical data trend for National Bank of Canada'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.
National Bank of Canada Selling, General, & Admin. Expense Chart
FRA:NBC vs JPM, BAC, WFC: Selling, General, & Admin. Expense Comparison
For the Banks - Diversified subindustry, National Bank of Canada'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.
National Bank of Canada Selling, General, & Admin. Expense vs Banks Industry
For the Banks industry and Financial Services sector, National Bank of Canada's Selling, General, & Admin. Expense distribution charts can be found below:
* The bar in red indicates where National Bank of Canada's Selling, General, & Admin. Expense falls into.
National Bank of Canada 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 €2,994 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 €2,994 Mil mean?
National Bank of Canada (FRA:NBC) has a Selling, General, & Admin. Expense of €2,994 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 National Bank of Canada and its competitors.
Is National Bank of Canada's Selling, General, & Admin. Expense too high?
National Bank of Canada's current Selling, General, & Admin. Expense is €2,994 Mil. Overall, National Bank of Canada has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Bank of Canada's Selling, General, & Admin. Expense compare to JPM and BAC?
National Bank of Canada's Selling, General, & Admin. Expense of €2,994 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 National Bank of Canada and its competitors. National Bank of Canada's current Selling, General, & Admin. Expense is €2,994 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Bank of Canada stock overvalued right now?
Based on GuruFocus' analysis, National Bank of Canada (FRA:NBC) is currently considered Significantly Overvalued. The stock's GF Value™ is €91.37, compared to a current price of €146.00 — trading 59.8% above its estimated fair value. The current Selling, General, & Admin. Expense is €2,994 Mil. National Bank of Canada's overall GF Score™ is 74/100 with 7 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 National Bank of Canada (FRA:NBC), the current Selling, General, & Admin. Expense is €2,994 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 National Bank of Canada (FRA:NBC) Overvalued in 2026?
Based on GuruFocus' analysis, National Bank of Canada stock appears to be overvalued.
The current stock price of €146.00 is trading 59.8% above its estimated GF Value™ of €91.37.
GuruFocus considers National Bank of Canada to be Significantly Overvalued.
Key valuation signals for FRA:NBC:
Selling, General, & Admin. Expense: €2,994 Mil
GF Value™: €91.37 vs. price of €146.00 (59.8% above fair value)
No single metric tells the full story. See the FRA:NBC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Bank of Canada is the sixth-largest bank in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth management and capital markets services. The bank derives around 45% of its 2025 revenue from the province of Quebec, with additional operations in the rest of Canada and the United States. National Bank of Canada also owns ABA Bank, one of the largest commercial banks in Cambodia.
74GF Score
Get the complete analysis for FRA:NBC
Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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