Zyxel Group (TPE:3704) Selling, General, & Admin. Expense: NT$3,690 Mil (TTM As of Mar. 2026)

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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:3704 Zyxel Group Corp TPE:3704
73 GF Score
Price NT$45.85
GF Value NT$36.23
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Zyxel Group Selling, General, & Admin. Expense?

Zyxel Group TPE:3704 -2.96% 73 Selling, General, & Admin. Expense is NT$3,690 Mil as of Mar. 2026. GuruFocus rates TPE:3704 with a GF Score™ of 73/100 and a GF Value™ of NT$36.23 (Modestly Overvalued). The stock has 3 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. Zyxel Group's selling, general, & admin. expense for the three months ended in Mar. 2026 was NT$920 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was NT$3,690 Mil.


Zyxel Group  (TPE:3704) 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.


Zyxel Group Selling, General, & Admin. Expense Related Terms


Zyxel Group Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Zyxel Group'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.

Zyxel Group Selling, General, & Admin. Expense Chart

Zyxel Group 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 2,915.43 3,225.36 3,461.85 3,606.08 3,697.68

Zyxel Group 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 927.80 943.29 833.72 992.87 920.44

TPE:3704 vs CSCO, MSI, HPE: Selling, General, & Admin. Expense Comparison

For the Communication Equipment subindustry, Zyxel Group'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.


Zyxel Group Selling, General, & Admin. Expense vs Hardware Industry

For the Hardware industry and Technology sector, Zyxel Group's Selling, General, & Admin. Expense distribution charts can be found below:

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


TPE:3704
73GF Score
Zyxel Group Corp TPE:3704
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Zyxel Group 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$3,690 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$3,690 Mil mean?
Zyxel Group (TPE:3704) has a Selling, General, & Admin. Expense of NT$3,690 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 Zyxel Group and its competitors.
Is Zyxel Group's Selling, General, & Admin. Expense too high?
Zyxel Group's current Selling, General, & Admin. Expense is NT$3,690 Mil. Overall, Zyxel Group has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zyxel Group's Selling, General, & Admin. Expense compare to CSCO and MSI?
Zyxel Group's Selling, General, & Admin. Expense of NT$3,690 Mil can be compared against companies in the Hardware 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 Hardware company?
A good Selling, General, & Admin. Expense depends on the Hardware 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 Zyxel Group and its competitors. Zyxel Group's current Selling, General, & Admin. Expense is NT$3,690 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zyxel Group stock overvalued right now?
Based on GuruFocus' analysis, Zyxel Group (TPE:3704) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$36.23, compared to a current price of NT$45.85 — trading 26.6% above its estimated fair value. The current Selling, General, & Admin. Expense is NT$3,690 Mil. Zyxel Group's overall GF Score™ is 73/100 with 3 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 Zyxel Group (TPE:3704), the current Selling, General, & Admin. Expense is NT$3,690 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 Zyxel Group (TPE:3704) Overvalued in 2026?

Based on GuruFocus' analysis, Zyxel Group stock appears to be overvalued. The current stock price of NT$45.85 is trading 26.6% above its estimated GF Value™ of NT$36.23. GuruFocus considers Zyxel Group to be Modestly Overvalued.

Key valuation signals for TPE:3704:

  • Selling, General, & Admin. Expense: NT$3,690 Mil
  • GF Value™: NT$36.23 vs. price of NT$45.85 (26.6% above fair value)
  • GF Score™: 73/100 with 3 warning signs

No single metric tells the full story. See the TPE:3704 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zyxel Group Business Description

Address Gongdao 5th Road, 3rd Floor, No. 363, Section 2, East District, Hsinchu, TWN
Zyxel Group Corp is a Taiwan-based company that offers communications and networking products. It produces wifi systems, wireless extenders, home routers, cloud access cameras, switches, power and adapters, personal cloud storage, and security appliances and services. Geographically, it covers the United States, France, and other countries. It has four reportable segments: brand business segment, channel business segment, product business segment, and investment segment.
73GF Score

Get the complete analysis for TPE:3704

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

NT$45.85
Price
NT$36.23
GF Value