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Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. MAS's selling, general, & admin. expense for the
six
months ended in Dec. 2025 was R90 Mil.
Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2025 was R165 Mil.
MAS (JSE:MSP) 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.
MAS Selling, General, & Admin. Expense Related Terms
MAS Selling, General, & Admin. Expense Historical Data
* Premium members only.
The historical data trend for MAS'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.
MAS Selling, General, & Admin. Expense Competitor Comparison
For the Real Estate - Diversified subindustry, MAS'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.
MAS Selling, General, & Admin. Expense vs Real Estate Industry
For the Real Estate industry and Real Estate sector, MAS's Selling, General, & Admin. Expense distribution charts can be found below:
* The bar in red indicates where MAS's Selling, General, & Admin. Expense falls into.
MAS 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 semi-annually data reported by the company within the most recent 12 months, which was R165 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 R165 Mil mean?
MAS (JSE:MSP) has a Selling, General, & Admin. Expense of R165 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 MAS and its competitors.
Is MAS's Selling, General, & Admin. Expense too high?
MAS's current Selling, General, & Admin. Expense is R165 Mil. Overall, MAS has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MAS's Selling, General, & Admin. Expense compare to competitors?
MAS's Selling, General, & Admin. Expense of R165 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good Selling, General, & Admin. Expense depends on the Real Estate 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 MAS and its competitors. MAS's current Selling, General, & Admin. Expense is R165 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MAS stock overvalued right now?
Based on GuruFocus' analysis, MAS (JSE:MSP) is currently considered Fairly Valued. The stock's GF Value™ is R20.13, compared to a current price of R21.25 — trading 5.6% above its estimated fair value. The current Selling, General, & Admin. Expense is R165 Mil. MAS's overall GF Score™ is 71/100 with 6 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 MAS (JSE:MSP), the current Selling, General, & Admin. Expense is R165 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 MAS (JSE:MSP) Overvalued in 2026?
Based on GuruFocus' analysis, MAS stock appears to be overvalued.
The current stock price of R21.25 is trading 5.6% above its estimated GF Value™ of R20.13.
GuruFocus considers MAS to be Fairly Valued.
Key valuation signals for JSE:MSP:
Selling, General, & Admin. Expense: R165 Mil
GF Value™: R20.13 vs. price of R21.25 (5.6% above fair value)
No single metric tells the full story. See the JSE:MSP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MAS PLC is a property investor. It owns income generating properties in Romania, Bulgaria, and Poland. The company acquires, develops, and manages retail, office, industrial, and hotel properties. The company's reportable segments are CEE direct assets (CEE), CEE development joint venture (DJV), WE direct assets (WE), and Corporate. Its key revenue is derived from the CEE direct assets (CEE) segment which includes income properties located in CEE fully owned and managed by the company. Geographically, the company derives maximum revenue from Romania, and the rest from Bulgaria, Poland, and Germany.
71GF Score
Get the complete analysis for JSE:MSP
Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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