Vestel Beyaz Esa Ticaretnayi AS (IST:VESBE) Selling, General, & Admin. Expense: ₺3,860 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.
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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.

IST:VESBE Vestel Beyaz Esa Ticaret Sanayi AS IST:VESBE
65 GF Score
Price ₺5.79
GF Value ₺11.17
Valuation Possible Value Trap
! 9 Warning Signs
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What is Vestel Beyaz Esa Ticaretnayi AS Selling, General, & Admin. Expense?

Vestel Beyaz Esa Ticaretnayi AS IST:VESBE -1.86% 65 Selling, General, & Admin. Expense is ₺3,860 Mil as of Mar. 2026. GuruFocus rates IST:VESBE with a GF Score™ of 65/100 and a GF Value™ of ₺11.17 (Possible Value Trap). The stock has 9 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. Vestel Beyaz Esa Ticaretnayi AS's selling, general, & admin. expense for the three months ended in Mar. 2026 was ₺893 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was ₺3,860 Mil.


Vestel Beyaz Esa Ticaretnayi AS  (IST:VESBE) 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.


Vestel Beyaz Esa Ticaretnayi AS Selling, General, & Admin. Expense Related Terms


Vestel Beyaz Esa Ticaretnayi AS Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Vestel Beyaz Esa Ticaretnayi 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.

Vestel Beyaz Esa Ticaretnayi AS Selling, General, & Admin. Expense Chart

Vestel Beyaz Esa Ticaretnayi 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 211.62 3,903.60 4,457.92 4,658.99 4,328.06

Vestel Beyaz Esa Ticaretnayi 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 1,462.04 1,182.75 1,307.71 475.66 893.43

IST:VESBE vs SN, SGI, MHK: Selling, General, & Admin. Expense Comparison

For the Furnishings, Fixtures & Appliances subindustry, Vestel Beyaz Esa Ticaretnayi 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.


Vestel Beyaz Esa Ticaretnayi AS Selling, General, & Admin. Expense vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Vestel Beyaz Esa Ticaretnayi AS's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Vestel Beyaz Esa Ticaretnayi AS's Selling, General, & Admin. Expense falls into.


IST:VESBE
65GF Score
Vestel Beyaz Esa Ticaret Sanayi AS IST:VESBE
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Vestel Beyaz Esa Ticaretnayi 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 ₺3,860 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 ₺3,860 Mil mean?
Vestel Beyaz Esa Ticaretnayi AS (IST:VESBE) has a Selling, General, & Admin. Expense of ₺3,860 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 Vestel Beyaz Esa Ticaretnayi AS and its competitors.
Is Vestel Beyaz Esa Ticaretnayi AS's Selling, General, & Admin. Expense too high?
Vestel Beyaz Esa Ticaretnayi AS's current Selling, General, & Admin. Expense is ₺3,860 Mil. Overall, Vestel Beyaz Esa Ticaretnayi AS has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Vestel Beyaz Esa Ticaretnayi AS's Selling, General, & Admin. Expense compare to SN and SGI?
Vestel Beyaz Esa Ticaretnayi AS's Selling, General, & Admin. Expense of ₺3,860 Mil can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good Selling, General, & Admin. Expense depends on the Furnishings, Fixtures & Appliances 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 Vestel Beyaz Esa Ticaretnayi AS and its competitors. Vestel Beyaz Esa Ticaretnayi AS's current Selling, General, & Admin. Expense is ₺3,860 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vestel Beyaz Esa Ticaretnayi AS stock overvalued right now?
Based on GuruFocus' analysis, Vestel Beyaz Esa Ticaretnayi AS (IST:VESBE) is currently considered Possible Value Trap. The stock's GF Value™ is ₺11.17, compared to a current price of ₺5.79 — trading 48.2% below its estimated fair value. The current Selling, General, & Admin. Expense is ₺3,860 Mil. Vestel Beyaz Esa Ticaretnayi AS's overall GF Score™ is 65/100 with 9 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 Vestel Beyaz Esa Ticaretnayi AS (IST:VESBE), the current Selling, General, & Admin. Expense is ₺3,860 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 Vestel Beyaz Esa Ticaretnayi AS (IST:VESBE) Overvalued in 2026?

Based on GuruFocus' analysis, Vestel Beyaz Esa Ticaretnayi AS stock appears to be undervalued. The current stock price of ₺5.79 is trading 48.2% below its estimated GF Value™ of ₺11.17. GuruFocus considers Vestel Beyaz Esa Ticaretnayi AS to be Possible Value Trap.

Key valuation signals for IST:VESBE:

  • Selling, General, & Admin. Expense: ₺3,860 Mil
  • GF Value™: ₺11.17 vs. price of ₺5.79 (48.2% below fair value)
  • GF Score™: 65/100 with 9 warning signs

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


Vestel Beyaz Esa Ticaretnayi AS Business Description

Address Buyukdere Cad. No: 199, Levent 199, Sisli, Istanbul, TUR, 34394
Vestel Beyaz Esa Ticaret Sanayi AS produces refrigerators, room air conditioning units, washing machines, cookers, dishwashers and water heaters. The company operates in single segment and its geographical operations are spread across Turkey, Europe and Other countries with the majority of the revenue generating from Europe.
65GF Score

Get the complete analysis for IST:VESBE

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

₺5.79
Price
₺11.17
GF Value