IBF Financial Holdings Co (TPE:2889) Selling, General, & Admin. Expense: NT$1,269 Mil (TTM As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
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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:2889 IBF Financial Holdings Co Ltd TPE:2889
52 GF Score
Price NT$15.55
GF Value NT$16.39
Valuation Fairly Valued
! 6 Warning Signs
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What is IBF Financial Holdings Co Selling, General, & Admin. Expense?

IBF Financial Holdings Co TPE:2889 -0.32% 52 Selling, General, & Admin. Expense is NT$1,269 Mil as of Dec. 2025. GuruFocus rates TPE:2889 with a GF Score™ of 52/100 and a GF Value™ of NT$16.39 (Fairly Valued). The stock has 6 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. IBF Financial Holdings Co's selling, general, & admin. expense for the three months ended in Dec. 2025 was NT$351 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2025 was NT$1,269 Mil.


IBF Financial Holdings Co  (TPE:2889) 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.


IBF Financial Holdings Co Selling, General, & Admin. Expense Related Terms


IBF Financial Holdings Co Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for IBF Financial Holdings Co'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.

IBF Financial Holdings Co Selling, General, & Admin. Expense Chart

IBF Financial Holdings Co 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 1,004.29 942.60 1,047.76 1,247.36 1,269.18

IBF Financial Holdings Co 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 310.75 287.67 299.35 330.87 351.29

TPE:2889 vs MS, GS, SCHW: Selling, General, & Admin. Expense Comparison

For the Capital Markets subindustry, IBF Financial Holdings Co'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.


IBF Financial Holdings Co Selling, General, & Admin. Expense vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, IBF Financial Holdings Co's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where IBF Financial Holdings Co's Selling, General, & Admin. Expense falls into.


TPE:2889
52GF Score
IBF Financial Holdings Co Ltd TPE:2889
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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IBF Financial Holdings Co 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$1,269 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$1,269 Mil mean?
IBF Financial Holdings Co (TPE:2889) has a Selling, General, & Admin. Expense of NT$1,269 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 IBF Financial Holdings Co and its competitors.
Is IBF Financial Holdings Co's Selling, General, & Admin. Expense too high?
IBF Financial Holdings Co's current Selling, General, & Admin. Expense is NT$1,269 Mil. Overall, IBF Financial Holdings Co has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IBF Financial Holdings Co's Selling, General, & Admin. Expense compare to MS and GS?
IBF Financial Holdings Co's Selling, General, & Admin. Expense of NT$1,269 Mil can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Selling, General, & Admin. Expense depends on the Capital Markets 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 IBF Financial Holdings Co and its competitors. IBF Financial Holdings Co's current Selling, General, & Admin. Expense is NT$1,269 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IBF Financial Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, IBF Financial Holdings Co (TPE:2889) is currently considered Fairly Valued. The stock's GF Value™ is NT$16.39, compared to a current price of NT$15.55 — trading 5.1% below its estimated fair value. The current Selling, General, & Admin. Expense is NT$1,269 Mil. IBF Financial Holdings Co's overall GF Score™ is 52/100 with 6 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 IBF Financial Holdings Co (TPE:2889), the current Selling, General, & Admin. Expense is NT$1,269 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 IBF Financial Holdings Co (TPE:2889) Overvalued in 2026?

Based on GuruFocus' analysis, IBF Financial Holdings Co stock appears to be undervalued. The current stock price of NT$15.55 is trading 5.1% below its estimated GF Value™ of NT$16.39. GuruFocus considers IBF Financial Holdings Co to be Fairly Valued.

Key valuation signals for TPE:2889:

  • Selling, General, & Admin. Expense: NT$1,269 Mil
  • GF Value™: NT$16.39 vs. price of NT$15.55 (5.1% below fair value)
  • GF Score™: 52/100 with 6 warning signs

No single metric tells the full story. See the TPE:2889 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IBF Financial Holdings Co Business Description

Address No. 17, Lequn Third Road, 128th Floor, Zhongshan District, Taipei, TWN, 104
IBF Financial Holdings Co Ltd along with its subsidiaries is engaged in underwriting, certification as well as endorsements and guarantees of short-term bills; trading and underwriting securities such as commercial papers and bonds; consignment trading of securities; financing and short selling as well as lending and borrowing business of securities; trading as well as introducing brokerage services of futures; agency and leasing business of real estate and movables as well as venture capital business. Its operating segments are: Bills finance companies, Securities Firm, and Others.
52GF Score

Get the complete analysis for TPE:2889

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

NT$15.55
Price
NT$16.39
GF Value