Tokai Tokyo Financial Holdings (FRA:TO91) Selling, General, & Admin. Expense: €52.1 Mil (TTM As of Mar. 2026)

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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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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:TO91 Tokai Tokyo Financial Holdings Inc FRA:TO91
74 GF Score
Price €4.22
GF Value €3.36
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Tokai Tokyo Financial Holdings Selling, General, & Admin. Expense?

Tokai Tokyo Financial Holdings FRA:TO91 +2.93% 74 Selling, General, & Admin. Expense is €52.1 Mil as of Mar. 2026. GuruFocus rates FRA:TO91 with a GF Score™ of 74/100 and a GF Value™ of €3.36 (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. Tokai Tokyo Financial Holdings's selling, general, & admin. expense for the three months ended in Mar. 2026 was €13.5 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was €52.1 Mil.


Tokai Tokyo Financial Holdings  (FRA:TO91) 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.


Tokai Tokyo Financial Holdings Selling, General, & Admin. Expense Related Terms


Tokai Tokyo Financial Holdings Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Tokai Tokyo Financial Holdings'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.

Tokai Tokyo Financial Holdings Selling, General, & Admin. Expense Chart

Tokai Tokyo Financial Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 66.20 60.34 54.56 54.06 50.16

Tokai Tokyo Financial Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 14.16 13.35 12.32 12.89 13.55

FRA:TO91 vs MS, GS, SCHW: Selling, General, & Admin. Expense Comparison

For the Capital Markets subindustry, Tokai Tokyo Financial Holdings'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.


Tokai Tokyo Financial Holdings Selling, General, & Admin. Expense vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Tokai Tokyo Financial Holdings's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Tokai Tokyo Financial Holdings's Selling, General, & Admin. Expense falls into.


FRA:TO91
74GF Score
Tokai Tokyo Financial Holdings Inc FRA:TO91
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Tokai Tokyo Financial Holdings 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €52.1 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 €52.1 Mil mean?
Tokai Tokyo Financial Holdings (FRA:TO91) has a Selling, General, & Admin. Expense of €52.1 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Tokai Tokyo Financial Holdings and its competitors.
Is Tokai Tokyo Financial Holdings' Selling, General, & Admin. Expense too high?
Tokai Tokyo Financial Holdings' current Selling, General, & Admin. Expense is €52.1 Mil. Overall, Tokai Tokyo Financial Holdings has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokai Tokyo Financial Holdings' Selling, General, & Admin. Expense compare to MS and GS?
Tokai Tokyo Financial Holdings' Selling, General, & Admin. Expense of €52.1 Mil can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Selling, General, & Admin. Expense depends on the Capital Markets 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 Tokai Tokyo Financial Holdings and its competitors. Tokai Tokyo Financial Holdings's current Selling, General, & Admin. Expense is €52.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokai Tokyo Financial Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tokai Tokyo Financial Holdings (FRA:TO91) is currently considered Modestly Overvalued. The stock's GF Value™ is €3.36, compared to a current price of €4.22 — trading 25.6% above its estimated fair value. The current Selling, General, & Admin. Expense is €52.1 Mil. Tokai Tokyo Financial Holdings' overall GF Score™ is 74/100 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 Tokai Tokyo Financial Holdings (FRA:TO91), the current Selling, General, & Admin. Expense is €52.1 Mil as of Mar. 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 Tokai Tokyo Financial Holdings (FRA:TO91) Overvalued in 2026?

Based on GuruFocus' analysis, Tokai Tokyo Financial Holdings stock appears to be overvalued. The current stock price of €4.22 is trading 25.6% above its estimated GF Value™ of €3.36. GuruFocus considers Tokai Tokyo Financial Holdings to be Modestly Overvalued.

Key valuation signals for FRA:TO91:

  • Selling, General, & Admin. Expense: €52.1 Mil
  • GF Value™: €3.36 vs. price of €4.22 (25.6% above fair value)
  • GF Score™: 74/100 with 5 warning signs

No single metric tells the full story. See the FRA:TO91 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tokai Tokyo Financial Holdings Business Description

Other Exchanges 8616:Japan
Address 6-2, Nihonbashi 3-chome, Chuo-ku, Tokyo, JPN, 103-0027
Tokai Tokyo Financial Holdings Inc. is the holding company of the Tokai Tokyo Financial Group. It operates and manages the group's companies. Tokai Tokyo Financial Group consists primarily of companies in Japan, but a few are in overseas markets. Tokyo Securities is the operating nucleus of the group and manages financial instruments businesses, fund management, back-office services, and research. For the overall group, operations are divided into trading activities and commissions. Tokai's commissions are gained through brokerage services and underwriting and distribution.
74GF Score

Get the complete analysis for FRA:TO91

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

€4.22
Price
€3.36
GF Value