Kartonsan Kartonnayi ve Ticaret AS (IST:KARTN) Selling, General, & Admin. Expense: ₺207 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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IST:KARTN Kartonsan Karton Sanayi ve Ticaret AS IST:KARTN
41 GF Score
Price ₺215.50
GF Value ₺68.06
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Kartonsan Kartonnayi ve Ticaret AS Selling, General, & Admin. Expense?

Kartonsan Kartonnayi ve Ticaret AS IST:KARTN +7.32% 41 Selling, General, & Admin. Expense is ₺207 Mil as of Mar. 2026. GuruFocus rates IST:KARTN with a GF Score™ of 41/100 and a GF Value™ of ₺68.06 (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. Kartonsan Kartonnayi ve Ticaret AS's selling, general, & admin. expense for the three months ended in Mar. 2026 was ₺53 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was ₺207 Mil.


Kartonsan Kartonnayi ve Ticaret AS  (IST:KARTN) 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.


Kartonsan Kartonnayi ve Ticaret AS Selling, General, & Admin. Expense Related Terms


Kartonsan Kartonnayi ve Ticaret AS Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Kartonsan Kartonnayi ve Ticaret 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.

Kartonsan Kartonnayi ve Ticaret AS Selling, General, & Admin. Expense Chart

Kartonsan Kartonnayi ve Ticaret 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 37.62 123.60 143.83 260.01 217.74

Kartonsan Kartonnayi ve Ticaret 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 68.93 49.13 41.33 63.56 53.42

IST:KARTN vs SW, PKG, IP: Selling, General, & Admin. Expense Comparison

For the Packaging & Containers subindustry, Kartonsan Kartonnayi ve Ticaret 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.


Kartonsan Kartonnayi ve Ticaret AS Selling, General, & Admin. Expense vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Kartonsan Kartonnayi ve Ticaret AS's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Kartonsan Kartonnayi ve Ticaret AS's Selling, General, & Admin. Expense falls into.


IST:KARTN
41GF Score
Kartonsan Karton Sanayi ve Ticaret AS IST:KARTN
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Kartonsan Kartonnayi ve Ticaret 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 ₺207 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 ₺207 Mil mean?
Kartonsan Kartonnayi ve Ticaret AS (IST:KARTN) has a Selling, General, & Admin. Expense of ₺207 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 Kartonsan Kartonnayi ve Ticaret AS and its competitors.
Is Kartonsan Kartonnayi ve Ticaret AS's Selling, General, & Admin. Expense too high?
Kartonsan Kartonnayi ve Ticaret AS's current Selling, General, & Admin. Expense is ₺207 Mil. Overall, Kartonsan Kartonnayi ve Ticaret AS has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kartonsan Kartonnayi ve Ticaret AS's Selling, General, & Admin. Expense compare to SW and PKG?
Kartonsan Kartonnayi ve Ticaret AS's Selling, General, & Admin. Expense of ₺207 Mil can be compared against companies in the Packaging & Containers 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 Packaging & Containers company?
A good Selling, General, & Admin. Expense depends on the Packaging & Containers 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 Kartonsan Kartonnayi ve Ticaret AS and its competitors. Kartonsan Kartonnayi ve Ticaret AS's current Selling, General, & Admin. Expense is ₺207 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kartonsan Kartonnayi ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Kartonsan Kartonnayi ve Ticaret AS (IST:KARTN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺68.06, compared to a current price of ₺215.50 — trading 216.6% above its estimated fair value. The current Selling, General, & Admin. Expense is ₺207 Mil. Kartonsan Kartonnayi ve Ticaret AS's overall GF Score™ is 41/100 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 Kartonsan Kartonnayi ve Ticaret AS (IST:KARTN), the current Selling, General, & Admin. Expense is ₺207 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 Kartonsan Kartonnayi ve Ticaret AS (IST:KARTN) Overvalued in 2026?

Based on GuruFocus' analysis, Kartonsan Kartonnayi ve Ticaret AS stock appears to be overvalued. The current stock price of ₺215.50 is trading 216.6% above its estimated GF Value™ of ₺68.06. GuruFocus considers Kartonsan Kartonnayi ve Ticaret AS to be Significantly Overvalued.

Key valuation signals for IST:KARTN:

  • Selling, General, & Admin. Expense: ₺207 Mil
  • GF Value™: ₺68.06 vs. price of ₺215.50 (216.6% above fair value)
  • GF Score™: 41/100 with 8 warning signs

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


Kartonsan Kartonnayi ve Ticaret AS Business Description

Address Prof. Dr. Bulent Tarcan Caddesi, No: 5 Pak Is Merkezi, Kat: 3, Gayrettepe, Istanbul, TUR, 34349
Kartonsan Karton Sanayi ve Ticaret AS is a Turkey-based company engaged in producing and trading of coated cardboard from recycled paper. Business activity of the group is operated through Ukraine, Bulgaria, Spain, Greece, Portugal, and Italy. Its portfolio includes product such as Normprint, Exprint and Luxtriplex, Normprint is multi-coated grey-backside cardboard with a blade top coat, which is used as a packaging material; Exprint, used in all types of packaging and detailed graphic printing and Luxtriplex, multi-coated cardboard with white backside which is ideal for all types of packaging, especially for food, cosmetics, pharmaceuticals. Kartonsan derives revenue through the sale of the products.
41GF Score

Get the complete analysis for IST:KARTN

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

₺215.50
Price
₺68.06
GF Value