Modec (MDIKF) Selling, General, & Admin. Expense: $265 Mil (TTM As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

MDIKF Modec Inc MDIKF
68 GF Score
Price $82.01
GF Value $30.29
! 2 Warning Signs
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What is Modec Selling, General, & Admin. Expense?

Modec MDIKF 68 Selling, General, & Admin. Expense is $265 Mil as of Mar. 2026. GuruFocus rates MDIKF with a GF Score™ of 68/100 and a GF Value™ of $30.29. The stock has 2 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. Modec's selling, general, & admin. expense for the three months ended in Mar. 2026 was $68 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was $265 Mil.


Modec  (OTCPK:MDIKF) 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.


Modec Selling, General, & Admin. Expense Related Terms


Modec Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Modec'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.

Modec Selling, General, & Admin. Expense Chart

Modec 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 145.96 153.10 188.54 223.94 254.11

Modec 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 57.94 50.84 68.64 76.69 68.39

MDIKF vs SLB, BKR, FTI: Selling, General, & Admin. Expense Comparison

For the Oil & Gas Equipment & Services subindustry, Modec'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.


Modec Selling, General, & Admin. Expense vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Modec's Selling, General, & Admin. Expense distribution charts can be found below:

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


MDIKF
68GF Score
Modec Inc MDIKF
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Modec 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 $265 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 $265 Mil mean?
Modec (MDIKF) has a Selling, General, & Admin. Expense of $265 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 Modec and its competitors.
Is Modec's Selling, General, & Admin. Expense too high?
Modec's current Selling, General, & Admin. Expense is $265 Mil. Overall, Modec has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Modec's Selling, General, & Admin. Expense compare to SLB and BKR?
Modec's Selling, General, & Admin. Expense of $265 Mil can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Selling, General, & Admin. Expense depends on the Oil & Gas 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 Modec and its competitors. Modec's current Selling, General, & Admin. Expense is $265 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modec stock overvalued right now?
Modec (MDIKF) has a current Selling, General, & Admin. Expense of $265 Mil. The stock's GF Value™ is $30.29, compared to a current price of $82.01 — trading 170.7% above its estimated fair value. The current Selling, General, & Admin. Expense is $265 Mil. Modec's overall GF Score™ is 68/100 with 2 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 Modec (MDIKF), the current Selling, General, & Admin. Expense is $265 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 Modec (MDIKF) Overvalued in 2026?

Based on GuruFocus' analysis, Modec stock appears to be overvalued. The current stock price of $82.01 is trading 170.7% above its estimated GF Value™ of $30.29.

Key valuation signals for MDIKF:

  • Selling, General, & Admin. Expense: $265 Mil
  • GF Value™: $30.29 vs. price of $82.01 (170.7% above fair value)
  • GF Score™: 68/100 with 2 warning signs

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


Modec Business Description

Industry EnergyOil & Gas
Other Exchanges 6269:Japan
Address 3-10 Nihonbashi Maruzen Tokyu Building 4th & 5th Floors, 2-chome Chuo-ku, Nihonbashi, Tokyo, JPN, 100-0027
Modec Inc operates as a general contractor with specialization in engineering, procurement, construction, and installation of floating production systems. It offers floating production storage and offloading vessels, floating storage and offloading vessels, tension leg platforms, semisubmersibles, and mobile offshore production units. The company also offers operation of its production systems and maintenance services across the globe. Although Modec services offshore markets worldwide, the majority of revenue is derived from Brazilian markets. Modec's vessels are designed to retrieve fluids and gases from reservoirs ranging from subsea to deepwater.
68GF Score

Get the complete analysis for MDIKF

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

$82.01
Price
$30.29
GF Value