Melco Resorts and Entertainment (STU:MAS) Selling, General, & Admin. Expense: €586 Mil (TTM As of Mar. 2026)


STU:MAS Melco Resorts and Entertainment Ltd STU:MAS
69 GF Score
Price €4.62
GF Value €7.00
Valuation Possible Value Trap
! 4 Warning Signs
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What is Melco Resorts and Entertainment Selling, General, & Admin. Expense?

Melco Resorts and Entertainment STU:MAS +1.32% 69 Selling, General, & Admin. Expense is €586 Mil as of Mar. 2026. GuruFocus rates STU:MAS with a GF Score™ of 69/100 and a GF Value™ of €7.00 (Possible Value Trap). 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. Melco Resorts and Entertainment's selling, general, & admin. expense for the three months ended in Mar. 2026 was €155 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was €586 Mil.


Melco Resorts and Entertainment  (STU:MAS) 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.


Melco Resorts and Entertainment Selling, General, & Admin. Expense Related Terms


Melco Resorts and Entertainment Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Melco Resorts and Entertainment'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.

Melco Resorts and Entertainment Selling, General, & Admin. Expense Chart

Melco Resorts and Entertainment 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 377.37 399.52 447.61 543.11 561.38

Melco Resorts and Entertainment 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 143.33 137.41 142.29 151.08 155.37

STU:MAS vs LVS, MGM, WYNN: Selling, General, & Admin. Expense Comparison

For the Resorts & Casinos subindustry, Melco Resorts and Entertainment'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.


Melco Resorts and Entertainment Selling, General, & Admin. Expense vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Melco Resorts and Entertainment's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Melco Resorts and Entertainment's Selling, General, & Admin. Expense falls into.


STU:MAS
69GF Score
Melco Resorts and Entertainment Ltd STU:MAS
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Melco Resorts and Entertainment 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 €586 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 €586 Mil mean?
Melco Resorts and Entertainment (STU:MAS) has a Selling, General, & Admin. Expense of €586 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 Melco Resorts and Entertainment and its competitors.
Is Melco Resorts and Entertainment's Selling, General, & Admin. Expense too high?
Melco Resorts and Entertainment's current Selling, General, & Admin. Expense is €586 Mil. Overall, Melco Resorts and Entertainment has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Melco Resorts and Entertainment's Selling, General, & Admin. Expense compare to LVS and MGM?
Melco Resorts and Entertainment's Selling, General, & Admin. Expense of €586 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Selling, General, & Admin. Expense depends on the Travel & Leisure 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 Melco Resorts and Entertainment and its competitors. Melco Resorts and Entertainment's current Selling, General, & Admin. Expense is €586 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Melco Resorts and Entertainment stock overvalued right now?
Based on GuruFocus' analysis, Melco Resorts and Entertainment (STU:MAS) is currently considered Possible Value Trap. The stock's GF Value™ is €7.00, compared to a current price of €4.62 — trading 34% below its estimated fair value. The current Selling, General, & Admin. Expense is €586 Mil. Melco Resorts and Entertainment's overall GF Score™ is 69/100 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 Melco Resorts and Entertainment (STU:MAS), the current Selling, General, & Admin. Expense is €586 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 Melco Resorts and Entertainment (STU:MAS) Overvalued in 2026?

Based on GuruFocus' analysis, Melco Resorts and Entertainment stock appears to be undervalued. The current stock price of €4.62 is trading 34% below its estimated GF Value™ of €7.00. GuruFocus considers Melco Resorts and Entertainment to be Possible Value Trap.

Key valuation signals for STU:MAS:

  • Selling, General, & Admin. Expense: €586 Mil
  • GF Value™: €7.00 vs. price of €4.62 (34% below fair value)
  • GF Score™: 69/100 with 4 warning signs

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


Melco Resorts and Entertainment Business Description

Address 60 Wyndham Street, 38th Floor, The Centrium, Central, Hong Kong, HKG
Melco Resorts & Entertainment is one of only six licensed casino operators in Macao. It operates Altira, a complex focused on premium customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium patrons; and Mocha Clubs' electronic gaming machines. The company also has a majority interest in Studio City, which opened in 2015. Outside Macao, Melco owns City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus. The business mix in terms of adjusted EBITDA was about 84% from Macao, with the rest from overseas as of 2025.
69GF Score

Get the complete analysis for STU:MAS

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

€4.62
Price
€7.00
GF Value