Marti Otel Isletmeleri AS (IST:MARTI) Selling, General, & Admin. Expense: ₺172 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:MARTI Marti Otel Isletmeleri AS IST:MARTI
28 GF Score
Price ₺1.64
GF Value ₺3.89
Valuation Possible Value Trap
! 5 Warning Signs
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What is Marti Otel Isletmeleri AS Selling, General, & Admin. Expense?

Marti Otel Isletmeleri AS IST:MARTI 28 Selling, General, & Admin. Expense is ₺172 Mil as of Mar. 2026. GuruFocus rates IST:MARTI with a GF Score™ of 28/100 and a GF Value™ of ₺3.89 (Possible Value Trap). 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. Marti Otel Isletmeleri AS's selling, general, & admin. expense for the six months ended in Mar. 2026 was ₺88 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was ₺172 Mil.


Marti Otel Isletmeleri AS  (IST:MARTI) 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.


Marti Otel Isletmeleri AS Selling, General, & Admin. Expense Related Terms


Marti Otel Isletmeleri AS Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Marti Otel Isletmeleri 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.

Marti Otel Isletmeleri AS Selling, General, & Admin. Expense Chart

Marti Otel Isletmeleri AS 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 26.33 44.20 84.76 110.02 171.78

Marti Otel Isletmeleri AS Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 62.10 46.69 63.32 83.58 88.20

IST:MARTI vs MAR, HLT, H: Selling, General, & Admin. Expense Comparison

For the Lodging subindustry, Marti Otel Isletmeleri 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.


Marti Otel Isletmeleri AS Selling, General, & Admin. Expense vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Marti Otel Isletmeleri AS's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Marti Otel Isletmeleri AS's Selling, General, & Admin. Expense falls into.


IST:MARTI
28GF Score
Marti Otel Isletmeleri AS IST:MARTI
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Marti Otel Isletmeleri 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 semi-annually data reported by the company within the most recent 12 months, which was ₺172 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 ₺172 Mil mean?
Marti Otel Isletmeleri AS (IST:MARTI) has a Selling, General, & Admin. Expense of ₺172 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 Marti Otel Isletmeleri AS and its competitors.
Is Marti Otel Isletmeleri AS's Selling, General, & Admin. Expense too high?
Marti Otel Isletmeleri AS's current Selling, General, & Admin. Expense is ₺172 Mil. Overall, Marti Otel Isletmeleri AS has a GF Score™ of 28/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Marti Otel Isletmeleri AS's Selling, General, & Admin. Expense compare to MAR and HLT?
Marti Otel Isletmeleri AS's Selling, General, & Admin. Expense of ₺172 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Selling, General, & Admin. Expense depends on the Travel & Leisure 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 Marti Otel Isletmeleri AS and its competitors. Marti Otel Isletmeleri AS's current Selling, General, & Admin. Expense is ₺172 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marti Otel Isletmeleri AS stock overvalued right now?
Based on GuruFocus' analysis, Marti Otel Isletmeleri AS (IST:MARTI) is currently considered Possible Value Trap. The stock's GF Value™ is ₺3.89, compared to a current price of ₺1.64 — trading 57.8% below its estimated fair value. The current Selling, General, & Admin. Expense is ₺172 Mil. Marti Otel Isletmeleri AS's overall GF Score™ is 28/100 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 Marti Otel Isletmeleri AS (IST:MARTI), the current Selling, General, & Admin. Expense is ₺172 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 Marti Otel Isletmeleri AS (IST:MARTI) Overvalued in 2026?

Based on GuruFocus' analysis, Marti Otel Isletmeleri AS stock appears to be undervalued. The current stock price of ₺1.64 is trading 57.8% below its estimated GF Value™ of ₺3.89. GuruFocus considers Marti Otel Isletmeleri AS to be Possible Value Trap.

Key valuation signals for IST:MARTI:

  • Selling, General, & Admin. Expense: ₺172 Mil
  • GF Value™: ₺3.89 vs. price of ₺1.64 (57.8% below fair value)
  • GF Score™: 28/100 with 5 warning signs

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


Marti Otel Isletmeleri AS Business Description

Address Devres Han No:50/4, Inonu Caddesi, Beyoglu, Gumussuyu, Istanbul, TUR
Marti Otel Isletmeleri AS is engaged in the operation of tourist resorts and hotels located in Turkey.
28GF Score

Get the complete analysis for IST:MARTI

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

₺1.64
Price
₺3.89
GF Value