Celebi Hava Servisi AS (IST:CLEBI) Selling, General, & Admin. Expense: ₺1,126 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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.

IST:CLEBI Celebi Hava Servisi AS IST:CLEBI
73 GF Score
Price ₺1,443.00
GF Value ₺2,308.44
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Celebi Hava Servisi AS Selling, General, & Admin. Expense?

Celebi Hava Servisi AS IST:CLEBI -0.28% 73 Selling, General, & Admin. Expense is ₺1,126 Mil as of Mar. 2026. GuruFocus rates IST:CLEBI with a GF Score™ of 73/100 and a GF Value™ of ₺2,308.44 (Significantly Undervalued). 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. Celebi Hava Servisi AS's selling, general, & admin. expense for the three months ended in Mar. 2026 was ₺617 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was ₺1,126 Mil.


Celebi Hava Servisi AS  (IST:CLEBI) 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.


Celebi Hava Servisi AS Selling, General, & Admin. Expense Related Terms


Celebi Hava Servisi AS Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Celebi Hava Servisi AS'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.

Celebi Hava Servisi AS Selling, General, & Admin. Expense Chart

Celebi Hava Servisi AS 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 146.77 322.34 571.75 711.92 1,042.41

Celebi Hava Servisi AS 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 376.88 483.20 447.42 -421.07 616.84

IST:CLEBI vs JOBY, CAAP: Selling, General, & Admin. Expense Comparison

For the Airports & Air Services subindustry, Celebi Hava Servisi AS'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.


Celebi Hava Servisi AS Selling, General, & Admin. Expense vs Transportation Industry

For the Transportation industry and Industrials sector, Celebi Hava Servisi AS's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Celebi Hava Servisi AS's Selling, General, & Admin. Expense falls into.


IST:CLEBI
73GF Score
Celebi Hava Servisi AS IST:CLEBI
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Celebi Hava Servisi AS 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 ₺1,126 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 ₺1,126 Mil mean?
Celebi Hava Servisi AS (IST:CLEBI) has a Selling, General, & Admin. Expense of ₺1,126 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 Celebi Hava Servisi AS and its competitors.
Is Celebi Hava Servisi AS's Selling, General, & Admin. Expense too high?
Celebi Hava Servisi AS's current Selling, General, & Admin. Expense is ₺1,126 Mil. Overall, Celebi Hava Servisi AS has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Celebi Hava Servisi AS's Selling, General, & Admin. Expense compare to JOBY and CAAP?
Celebi Hava Servisi AS's Selling, General, & Admin. Expense of ₺1,126 Mil can be compared against companies in the Transportation 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 Transportation company?
A good Selling, General, & Admin. Expense depends on the Transportation 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 Celebi Hava Servisi AS and its competitors. Celebi Hava Servisi AS's current Selling, General, & Admin. Expense is ₺1,126 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Celebi Hava Servisi AS stock overvalued right now?
Based on GuruFocus' analysis, Celebi Hava Servisi AS (IST:CLEBI) is currently considered Significantly Undervalued. The stock's GF Value™ is ₺2,308.44, compared to a current price of ₺1,443.00 — trading 37.5% below its estimated fair value. The current Selling, General, & Admin. Expense is ₺1,126 Mil. Celebi Hava Servisi AS's overall GF Score™ is 73/100 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 Celebi Hava Servisi AS (IST:CLEBI), the current Selling, General, & Admin. Expense is ₺1,126 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 Celebi Hava Servisi AS (IST:CLEBI) Overvalued in 2026?

Based on GuruFocus' analysis, Celebi Hava Servisi AS stock appears to be undervalued. The current stock price of ₺1,443.00 is trading 37.5% below its estimated GF Value™ of ₺2,308.44. GuruFocus considers Celebi Hava Servisi AS to be Significantly Undervalued.

Key valuation signals for IST:CLEBI:

  • Selling, General, & Admin. Expense: ₺1,126 Mil
  • GF Value™: ₺2,308.44 vs. price of ₺1,443.00 (37.5% below fair value)
  • GF Score™: 73/100 with 5 warning signs

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


Celebi Hava Servisi AS Business Description

Address Tayakadin Mahallesi, Nuri Demirag Caddesi No: 39, Arnavutkoy, Istanbul, TUR, 34768
Celebi Hava Servisi AS is a supplier of ground handling services to the aviation industry. The company's primary operating segment includes Ground Handling Services and Cargo and Warehouse Services. Other services include Bridge operation, Lounge, General Aviation and Platinum. It generates maximum revenue from the Ground Handling Services segment. Geographically, it operates in Turkey, Hungary, India, Spain, Tanzania and Germany.
73GF Score

Get the complete analysis for IST:CLEBI

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

₺1,443.00
Price
₺2,308.44
GF Value