Lu Hai Holding (TPE:2115) Selling, General, & Admin. Expense: NT$296 Mil (TTM As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
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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:2115 Lu Hai Holding Corp TPE:2115
76 GF Score
Price NT$22.10
GF Value NT$30.40
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Lu Hai Holding Selling, General, & Admin. Expense?

Lu Hai Holding TPE:2115 +0.23% 76 Selling, General, & Admin. Expense is NT$296 Mil as of Dec. 2025. GuruFocus rates TPE:2115 with a GF Score™ of 76/100 and a GF Value™ of NT$30.40 (Modestly Undervalued). The stock has 5 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. Lu Hai Holding's selling, general, & admin. expense for the three months ended in Dec. 2025 was NT$73 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2025 was NT$296 Mil.


Lu Hai Holding  (TPE:2115) 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.


Lu Hai Holding Selling, General, & Admin. Expense Related Terms


Lu Hai Holding Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Lu Hai Holding'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.

Lu Hai Holding Selling, General, & Admin. Expense Chart

Lu Hai Holding 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 341.71 309.43 304.40 316.38 296.37

Lu Hai Holding Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 87.30 76.75 74.61 71.55 73.46

TPE:2115 vs ORLY, AZO: Selling, General, & Admin. Expense Comparison

For the Auto Parts subindustry, Lu Hai Holding'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.


Lu Hai Holding Selling, General, & Admin. Expense vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Lu Hai Holding's Selling, General, & Admin. Expense distribution charts can be found below:

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


TPE:2115
76GF Score
Lu Hai Holding Corp TPE:2115
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Lu Hai Holding 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 quarterly data reported by the company within the most recent 12 months, which was NT$296 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$296 Mil mean?
Lu Hai Holding (TPE:2115) has a Selling, General, & Admin. Expense of NT$296 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 Lu Hai Holding and its competitors.
Is Lu Hai Holding's Selling, General, & Admin. Expense too high?
Lu Hai Holding's current Selling, General, & Admin. Expense is NT$296 Mil. Overall, Lu Hai Holding has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lu Hai Holding's Selling, General, & Admin. Expense compare to ORLY and AZO?
Lu Hai Holding's Selling, General, & Admin. Expense of NT$296 Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Selling, General, & Admin. Expense depends on the Vehicles & Parts 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 Lu Hai Holding and its competitors. Lu Hai Holding's current Selling, General, & Admin. Expense is NT$296 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lu Hai Holding stock overvalued right now?
Based on GuruFocus' analysis, Lu Hai Holding (TPE:2115) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$30.40, compared to a current price of NT$22.10 — trading 27.3% below its estimated fair value. The current Selling, General, & Admin. Expense is NT$296 Mil. Lu Hai Holding's overall GF Score™ is 76/100 with 5 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 Lu Hai Holding (TPE:2115), the current Selling, General, & Admin. Expense is NT$296 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 Lu Hai Holding (TPE:2115) Overvalued in 2026?

Based on GuruFocus' analysis, Lu Hai Holding stock appears to be undervalued. The current stock price of NT$22.10 is trading 27.3% below its estimated GF Value™ of NT$30.40. GuruFocus considers Lu Hai Holding to be Modestly Undervalued.

Key valuation signals for TPE:2115:

  • Selling, General, & Admin. Expense: NT$296 Mil
  • GF Value™: NT$30.40 vs. price of NT$22.10 (27.3% below fair value)
  • GF Score™: 76/100 with 5 warning signs

No single metric tells the full story. See the TPE:2115 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lu Hai Holding Business Description

Address No. 64, Shing-Kong 5th Road, Tien-Chung Industrial District, Tien-Chung, Chang-Hua, TWN
Lu Hai Holding Corp operates in the auto parts industry. The company is engaged in the production, processing, and sale of tire valves and accessories. The company serves the tire, automobile, truck, and agricultural vehicles industry. Geographically, the company operates in China, Indonesia, and Other regions. The company derives maximum revenue from China.
76GF Score

Get the complete analysis for TPE:2115

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

NT$22.10
Price
NT$30.40
GF Value