Inpex (IPXHF) Selling, General, & Admin. Expense: $785 Mil (TTM As of Dec. 2025)

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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
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.

IPXHF Inpex Corp IPXHF
67 GF Score
Price $19.76
GF Value $10.75
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Inpex Selling, General, & Admin. Expense?

Inpex IPXHF 67 Selling, General, & Admin. Expense is $785 Mil as of Dec. 2025. GuruFocus rates IPXHF with a GF Score™ of 67/100 and a GF Value™ of $10.75 (Significantly Overvalued). 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. Inpex's selling, general, & admin. expense for the three months ended in Dec. 2025 was $238 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2025 was $785 Mil.


Inpex  (OTCPK:IPXHF) 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.


Inpex Selling, General, & Admin. Expense Related Terms


Inpex Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Inpex'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.

Inpex Selling, General, & Admin. Expense Chart

Inpex Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 688.25 782.97 665.00 874.51 757.03

Inpex 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 206.37 186.40 157.57 237.57 203.05

IPXHF vs COP, EOG, FANG: Selling, General, & Admin. Expense Comparison

For the Oil & Gas E&P subindustry, Inpex'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.


Inpex Selling, General, & Admin. Expense vs Oil & Gas Industry

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

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


IPXHF
67GF Score
Inpex Corp IPXHF
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Inpex 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 quarterly data reported by the company within the most recent 12 months, which was $785 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 $785 Mil mean?
Inpex (IPXHF) has a Selling, General, & Admin. Expense of $785 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 Inpex and its competitors.
Is Inpex's Selling, General, & Admin. Expense too high?
Inpex's current Selling, General, & Admin. Expense is $785 Mil. Overall, Inpex has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Inpex's Selling, General, & Admin. Expense compare to COP and EOG?
Inpex's Selling, General, & Admin. Expense of $785 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 Inpex and its competitors. Inpex's current Selling, General, & Admin. Expense is $785 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inpex stock overvalued right now?
Based on GuruFocus' analysis, Inpex (IPXHF) is currently considered Significantly Overvalued. The stock's GF Value™ is $10.75, compared to a current price of $19.76 — trading 83.8% above its estimated fair value. The current Selling, General, & Admin. Expense is $785 Mil. Inpex's overall GF Score™ is 67/100 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 Inpex (IPXHF), the current Selling, General, & Admin. Expense is $785 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 Inpex (IPXHF) Overvalued in 2026?

Based on GuruFocus' analysis, Inpex stock appears to be overvalued. The current stock price of $19.76 is trading 83.8% above its estimated GF Value™ of $10.75. GuruFocus considers Inpex to be Significantly Overvalued.

Key valuation signals for IPXHF:

  • Selling, General, & Admin. Expense: $785 Mil
  • GF Value™: $10.75 vs. price of $19.76 (83.8% above fair value)
  • GF Score™: 67/100 with 3 warning signs

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


Inpex Business Description

Industry EnergyOil & Gas
Address 3-1 Akasaka 5-chome, Akasaka Biz Tower, Minato-ku, Tokyo, JPN, 107-6332
Headquartered in Tokyo, Inpex was founded in 2008 through a merger with Teikoku Oil. The precursor Inpex began life in 1966 as North Sumatra Offshore Petroleum Exploration and discovered the Attaka field in Indonesia in 1970 before acquiring the ADMA Block offshore the United Arab Emirates in 1973 and then discovering the Kashagan oilfield in Kazakhstan and Ichthys and Abadi gasfields in the Timor Sea in 2000. Teikoku Oil was founded in 1941 as a semigovernment entity and discovered Japan's largest natural gas reserves in Minami-Nagaoka in 1979. Inpex is Japan's largest hydrocarbon producer, with oil and gas projects across multiple continents. It produces around 230 million barrels of oil equivalent per year and has 6.2 billion barrels of oil equivalent in proven and probable reserves.
67GF Score

Get the complete analysis for IPXHF

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

$19.76
Price
$10.75
GF Value