Firstrand (NAM:FST) Selling, General, & Admin. Expense: R8,015 Mil (TTM As of Dec. 2025)


NAM:FST Firstrand Ltd NAM:FST
85 GF Score
Price R96.23
GF Value R85.26
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Firstrand Selling, General, & Admin. Expense?

Firstrand NAM:FST 85 Selling, General, & Admin. Expense is R8,015 Mil as of Dec. 2025. GuruFocus rates NAM:FST with a GF Score™ of 85/100 and a GF Value™ of R85.26 (Modestly Overvalued). The stock has 4 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. Firstrand's selling, general, & admin. expense for the six months ended in Dec. 2025 was R4,049 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2025 was R8,015 Mil.


Firstrand  (NAM:FST) 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.


Firstrand Selling, General, & Admin. Expense Related Terms


Firstrand Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Firstrand'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.

Firstrand Selling, General, & Admin. Expense Chart

Firstrand Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,369.00 6,274.00 7,210.00 6,905.00 7,440.00

Firstrand 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 3,203.00 3,702.00 3,474.00 3,966.00 4,049.00

NAM:FST vs JPM, BAC, WFC: Selling, General, & Admin. Expense Comparison

For the Banks - Diversified subindustry, Firstrand'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.


Firstrand Selling, General, & Admin. Expense vs Banks Industry

For the Banks industry and Financial Services sector, Firstrand's Selling, General, & Admin. Expense distribution charts can be found below:

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


NAM:FST
85GF Score
Firstrand Ltd NAM:FST
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Firstrand 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 R8,015 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 R8,015 Mil mean?
Firstrand (NAM:FST) has a Selling, General, & Admin. Expense of R8,015 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 Firstrand and its competitors.
Is Firstrand's Selling, General, & Admin. Expense too high?
Firstrand's current Selling, General, & Admin. Expense is R8,015 Mil. Overall, Firstrand has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Firstrand's Selling, General, & Admin. Expense compare to JPM and BAC?
Firstrand's Selling, General, & Admin. Expense of R8,015 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 Firstrand and its competitors. Firstrand's current Selling, General, & Admin. Expense is R8,015 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Firstrand stock overvalued right now?
Based on GuruFocus' analysis, Firstrand (NAM:FST) is currently considered Modestly Overvalued. The stock's GF Value™ is R85.26, compared to a current price of R96.23 — trading 12.9% above its estimated fair value. The current Selling, General, & Admin. Expense is R8,015 Mil. Firstrand's overall GF Score™ is 85/100 with 4 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 Firstrand (NAM:FST), the current Selling, General, & Admin. Expense is R8,015 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 Firstrand (NAM:FST) Overvalued in 2026?

Based on GuruFocus' analysis, Firstrand stock appears to be overvalued. The current stock price of R96.23 is trading 12.9% above its estimated GF Value™ of R85.26. GuruFocus considers Firstrand to be Modestly Overvalued.

Key valuation signals for NAM:FST:

  • Selling, General, & Admin. Expense: R8,015 Mil
  • GF Value™: R85.26 vs. price of R96.23 (12.9% above fair value)
  • GF Score™: 85/100 with 4 warning signs

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


Firstrand Business Description

Address Corner Fredman Drive and Rivonia Road, 4 Merchant Place, C Low, Sandton, Johannesburg, GT, ZAF, 2196
Firstrand Ltd wholly owns FirstRand Bank, a full-service bank providing a comprehensive range of retail, commercial, corporate and investment banking services in South Africa and offers niche products. The bank has three divisions, which are separately branded: First National Bank (FNB), WesBank and Rand Merchant Bank (RMB). The firm's reportable segment includes Retail and commercial segment, Corporate and institutional segment, Centre (including group treasury), Firstrand Bank Normalised, and Normalised adjustments.
85GF Score

Get the complete analysis for NAM:FST

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

R96.23
Price
R85.26
GF Value