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Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Sphere Entertainment Co's selling, general, & admin. expense for the
three
months ended in Mar. 2026 was MXN2,195 Mil.
Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was MXN8,221 Mil.
Sphere Entertainment Co (MEX:MSGE) 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.
Sphere Entertainment Co Selling, General, & Admin. Expense Related Terms
Sphere Entertainment Co Selling, General, & Admin. Expense Historical Data
* Premium members only.
The historical data trend for Sphere Entertainment Co'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.
Sphere Entertainment Co Selling, General, & Admin. Expense Chart
MEX:MSGE vs VSNT, LION, MANU: Selling, General, & Admin. Expense Comparison
For the Entertainment subindustry, Sphere Entertainment Co'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.
Sphere Entertainment Co Selling, General, & Admin. Expense vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Sphere Entertainment Co's Selling, General, & Admin. Expense distribution charts can be found below:
* The bar in red indicates where Sphere Entertainment Co's Selling, General, & Admin. Expense falls into.
Sphere Entertainment Co 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 MXN8,221 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 MXN8,221 Mil mean?
Sphere Entertainment Co (MEX:MSGE) has a Selling, General, & Admin. Expense of MXN8,221 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 Sphere Entertainment Co and its competitors.
Is Sphere Entertainment Co's Selling, General, & Admin. Expense too high?
Sphere Entertainment Co's current Selling, General, & Admin. Expense is MXN8,221 Mil. Overall, Sphere Entertainment Co has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Sphere Entertainment Co's Selling, General, & Admin. Expense compare to VSNT and LION?
Sphere Entertainment Co's Selling, General, & Admin. Expense of MXN8,221 Mil can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Selling, General, & Admin. Expense depends on the Media - Diversified 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 Sphere Entertainment Co and its competitors. Sphere Entertainment Co's current Selling, General, & Admin. Expense is MXN8,221 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sphere Entertainment Co stock overvalued right now?
Sphere Entertainment Co (MEX:MSGE) has a current Selling, General, & Admin. Expense of MXN8,221 Mil. The stock's GF Value™ is MXN389.65, compared to a current price of MXN824.39 — trading 111.6% above its estimated fair value. The current Selling, General, & Admin. Expense is MXN8,221 Mil. Sphere Entertainment Co's overall GF Score™ is 58/100 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 Sphere Entertainment Co (MEX:MSGE), the current Selling, General, & Admin. Expense is MXN8,221 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 Sphere Entertainment Co (MEX:MSGE) Overvalued in 2026?
Based on GuruFocus' analysis, Sphere Entertainment Co stock appears to be overvalued.
The current stock price of MXN824.39 is trading 111.6% above its estimated GF Value™ of MXN389.65.
Key valuation signals for MEX:MSGE:
Selling, General, & Admin. Expense: MXN8,221 Mil
GF Value™: MXN389.65 vs. price of MXN824.39 (111.6% above fair value)
No single metric tells the full story. See the MEX:MSGE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sphere Entertainment Co is a live entertainment and media company. The firm creates, writes, casts, produces, and tours shows and events. The group has two reportable segments: Sphere and MSG Networks. Sphere is a next-generation entertainment medium, and MSG Networks operates two regional sports and entertainment networks, as well as a direct-to-consumer (DTC) and authenticated streaming product.
58GF Score
Get the complete analysis for MEX:MSGE
Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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