Valterra Platinum (JSE:VAL) Selling, General, & Admin. Expense: R1,230 Mil (TTM As of Dec. 2025)

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.

JSE:VAL Valterra Platinum Ltd JSE:VAL
79 GF Score
Price R1,080.32
GF Value R787.56
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Valterra Platinum Selling, General, & Admin. Expense?

Valterra Platinum JSE:VAL +0.98% 79 Selling, General, & Admin. Expense is R1,230 Mil as of Dec. 2025. GuruFocus rates JSE:VAL with a GF Score™ of 79/100 and a GF Value™ of R787.56 (Significantly Overvalued). The stock has 6 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. Valterra Platinum's selling, general, & admin. expense for the six months ended in Dec. 2025 was R497 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2025 was R1,230 Mil.


Valterra Platinum  (JSE:VAL) 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.


Valterra Platinum Selling, General, & Admin. Expense Related Terms


Valterra Platinum Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Valterra Platinum'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.

Valterra Platinum Selling, General, & Admin. Expense Chart

Valterra Platinum 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 966.00 1,342.00 1,800.00 1,343.00 1,230.00

Valterra Platinum Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 1,101.00 619.00 724.00 733.00 497.00

JSE:VAL vs HL, SIND: Selling, General, & Admin. Expense Comparison

For the Other Precious Metals & Mining subindustry, Valterra Platinum'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.


Valterra Platinum Selling, General, & Admin. Expense vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Valterra Platinum's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Valterra Platinum's Selling, General, & Admin. Expense falls into.


JSE:VAL
79GF Score
Valterra Platinum Ltd JSE:VAL
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Valterra Platinum 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 R1,230 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 R1,230 Mil mean?
Valterra Platinum (JSE:VAL) has a Selling, General, & Admin. Expense of R1,230 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 Valterra Platinum and its competitors.
Is Valterra Platinum's Selling, General, & Admin. Expense too high?
Valterra Platinum's current Selling, General, & Admin. Expense is R1,230 Mil. Overall, Valterra Platinum has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Valterra Platinum's Selling, General, & Admin. Expense compare to HL and SIND?
Valterra Platinum's Selling, General, & Admin. Expense of R1,230 Mil can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Selling, General, & Admin. Expense depends on the Metals & Mining 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 Valterra Platinum and its competitors. Valterra Platinum's current Selling, General, & Admin. Expense is R1,230 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Valterra Platinum stock overvalued right now?
Based on GuruFocus' analysis, Valterra Platinum (JSE:VAL) is currently considered Significantly Overvalued. The stock's GF Value™ is R787.56, compared to a current price of R1,080.32 — trading 37.2% above its estimated fair value. The current Selling, General, & Admin. Expense is R1,230 Mil. Valterra Platinum's overall GF Score™ is 79/100 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 Valterra Platinum (JSE:VAL), the current Selling, General, & Admin. Expense is R1,230 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 Valterra Platinum (JSE:VAL) Overvalued in 2026?

Based on GuruFocus' analysis, Valterra Platinum stock appears to be overvalued. The current stock price of R1,080.32 is trading 37.2% above its estimated GF Value™ of R787.56. GuruFocus considers Valterra Platinum to be Significantly Overvalued.

Key valuation signals for JSE:VAL:

  • Selling, General, & Admin. Expense: R1,230 Mil
  • GF Value™: R787.56 vs. price of R1,080.32 (37.2% above fair value)
  • GF Score™: 79/100 with 6 warning signs

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


Valterra Platinum Business Description

Address 144 Oxford Road, Melrose, Rosebank, Johannesburg, GT, ZAF, 2196
Valterra Platinum Ltd supplies platinum group metals (PGMs). It provides services across the value chain, including mining, recycling, and trading of metals. Its products include PGMs such as platinum, palladium, rhodium, iridium, and ruthenium; base metals such as copper, nickel, cobalt sulphate, and chrome; and other by-products such as gold and sodium sulphate, with operations across different stages of production. The majority of the company's revenue is derived from the sale of Platinum. Geographically, it generates the maximum revenue from Japan.
79GF Score

Get the complete analysis for JSE:VAL

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

R1,080.32
Price
R787.56
GF Value