Cheng Loong (TPE:1904) Selling, General, & Admin. Expense: NT$5,763 Mil (TTM As of Mar. 2026)

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Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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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.

TPE:1904 Cheng Loong Corp TPE:1904
70 GF Score
Price NT$25.15
GF Value NT$21.94
Valuation Modestly Overvalued
! 12 Warning Signs
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What is Cheng Loong Selling, General, & Admin. Expense?

Cheng Loong TPE:1904 +2.65% 70 Selling, General, & Admin. Expense is NT$5,763 Mil as of Mar. 2026. GuruFocus rates TPE:1904 with a GF Score™ of 70/100 and a GF Value™ of NT$21.94 (Modestly Overvalued). The stock has 12 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. Cheng Loong's selling, general, & admin. expense for the three months ended in Mar. 2026 was NT$1,423 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was NT$5,763 Mil.


Cheng Loong  (TPE:1904) 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.


Cheng Loong Selling, General, & Admin. Expense Related Terms


Cheng Loong Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Cheng Loong'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.

Cheng Loong Selling, General, & Admin. Expense Chart

Cheng Loong 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 5,477.95 5,551.64 5,481.91 5,680.70 5,712.29

Cheng Loong 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 1,372.67 1,373.07 1,435.08 1,531.46 1,423.36

Cheng Loong Selling, General, & Admin. Expense Competitor Comparison

For the Paper & Paper Products subindustry, Cheng Loong'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.


Cheng Loong Selling, General, & Admin. Expense vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Cheng Loong's Selling, General, & Admin. Expense distribution charts can be found below:

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


TPE:1904
70GF Score
Cheng Loong Corp TPE:1904
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Cheng Loong 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 NT$5,763 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 NT$5,763 Mil mean?
Cheng Loong (TPE:1904) has a Selling, General, & Admin. Expense of NT$5,763 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 Cheng Loong and its competitors.
Is Cheng Loong's Selling, General, & Admin. Expense too high?
Cheng Loong's current Selling, General, & Admin. Expense is NT$5,763 Mil. Overall, Cheng Loong has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cheng Loong's Selling, General, & Admin. Expense compare to competitors?
Cheng Loong's Selling, General, & Admin. Expense of NT$5,763 Mil can be compared against companies in the Forest Products 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 Forest Products company?
A good Selling, General, & Admin. Expense depends on the Forest Products 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 Cheng Loong and its competitors. Cheng Loong's current Selling, General, & Admin. Expense is NT$5,763 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cheng Loong stock overvalued right now?
Based on GuruFocus' analysis, Cheng Loong (TPE:1904) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$21.94, compared to a current price of NT$25.15 — trading 14.6% above its estimated fair value. The current Selling, General, & Admin. Expense is NT$5,763 Mil. Cheng Loong's overall GF Score™ is 70/100 with 12 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 Cheng Loong (TPE:1904), the current Selling, General, & Admin. Expense is NT$5,763 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 Cheng Loong (TPE:1904) Overvalued in 2026?

Based on GuruFocus' analysis, Cheng Loong stock appears to be overvalued. The current stock price of NT$25.15 is trading 14.6% above its estimated GF Value™ of NT$21.94. GuruFocus considers Cheng Loong to be Modestly Overvalued.

Key valuation signals for TPE:1904:

  • Selling, General, & Admin. Expense: NT$5,763 Mil
  • GF Value™: NT$21.94 vs. price of NT$25.15 (14.6% above fair value)
  • GF Score™: 70/100 with 12 warning signs

No single metric tells the full story. See the TPE:1904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cheng Loong Business Description

Address Min Sheng Road, No. 1, Section 1, Banqiao District, New Taipei, TWN, 220
Cheng Loong Corp manufactures and sells a variety of paper products. The company is engaged in the manufacturing and sale of paper products, materials for paper products, corrugated cartons, and related products. It is also engaged in building commercial and residential premises for rent and sale in partnership with construction companies. The company generates a majority of its revenue from the manufacturing and sale of industrial paper, corrugated containers, and related products. Its geographical segments are Taiwan, which generates key revenue, China, and Southeast Asia.
70GF Score

Get the complete analysis for TPE:1904

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

NT$25.15
Price
NT$21.94
GF Value