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Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Banca Sistema SpA's selling, general, & admin. expense for the
three
months ended in Mar. 2026 was €3.5 Mil.
Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was €39.8 Mil.
Banca Sistema SpA (MIL:BST) 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.
Banca Sistema SpA Selling, General, & Admin. Expense Related Terms
Banca Sistema SpA Selling, General, & Admin. Expense Historical Data
* Premium members only.
The historical data trend for Banca Sistema SpA'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.
Banca Sistema SpA Selling, General, & Admin. Expense Chart
MIL:BST vs PNC, USB: Selling, General, & Admin. Expense Comparison
For the Banks - Regional subindustry, Banca Sistema SpA'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.
Banca Sistema SpA Selling, General, & Admin. Expense vs Banks Industry
For the Banks industry and Financial Services sector, Banca Sistema SpA's Selling, General, & Admin. Expense distribution charts can be found below:
* The bar in red indicates where Banca Sistema SpA's Selling, General, & Admin. Expense falls into.
Banca Sistema SpA 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 €39.8 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 €39.8 Mil mean?
Banca Sistema SpA (MIL:BST) has a Selling, General, & Admin. Expense of €39.8 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 Banca Sistema SpA and its competitors.
Is Banca Sistema SpA's Selling, General, & Admin. Expense too high?
Banca Sistema SpA's current Selling, General, & Admin. Expense is €39.8 Mil. Overall, Banca Sistema SpA has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Banca Sistema SpA's Selling, General, & Admin. Expense compare to PNC and USB?
Banca Sistema SpA's Selling, General, & Admin. Expense of €39.8 Mil can be compared against companies in the Banks 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 Banks company?
A good Selling, General, & Admin. Expense depends on the Banks 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 Banca Sistema SpA and its competitors. Banca Sistema SpA's current Selling, General, & Admin. Expense is €39.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banca Sistema SpA stock overvalued right now?
Based on GuruFocus' analysis, Banca Sistema SpA (MIL:BST) is currently considered Modestly Undervalued. The stock's GF Value™ is €1.82, compared to a current price of €1.54 — trading 15.4% below its estimated fair value. The current Selling, General, & Admin. Expense is €39.8 Mil. Banca Sistema SpA's overall GF Score™ is 67/100 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 Banca Sistema SpA (MIL:BST), the current Selling, General, & Admin. Expense is €39.8 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 Banca Sistema SpA (MIL:BST) Overvalued in 2026?
Based on GuruFocus' analysis, Banca Sistema SpA stock appears to be undervalued.
The current stock price of €1.54 is trading 15.4% below its estimated GF Value™ of €1.82.
GuruFocus considers Banca Sistema SpA to be Modestly Undervalued.
Key valuation signals for MIL:BST:
Selling, General, & Admin. Expense: €39.8 Mil
GF Value™: €1.82 vs. price of €1.54 (15.4% below fair value)
No single metric tells the full story. See the MIL:BST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Banca Sistema SpA provides factoring and banking services. It specializes in the acquisition, management, and financing of receivables. The firm's products and services comprise current accounts, time deposits, funding for SMEs, non-recourse factoring, credit management, and payment services. Segment reporting of the company includes the following divisions: Factoring Division includes business related to the origination of trade and tax receivables with and without recourse, and the management. Retail Division, which includes the business related to the purchase of salary- and pension-backed loans. Collateralized Lending Division includes the business related to collateral-backed loans. Corporate Division includes activities related to the management of the Group's financial resources.
67GF Score
Get the complete analysis for MIL:BST
Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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