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.
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.
Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Vietnam Manufacturing and Export Processing (Holdings)'s selling, general, & admin. expense for the
three
months ended in Mar. 2026 was NT$62 Mil.
Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was NT$316 Mil.
Vietnam Manufacturing and Export Processing (Holdings) (TPE:9110) 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.
Vietnam Manufacturing and Export Processing (Holdings) Selling, General, & Admin. Expense Related Terms
Vietnam Manufacturing and Export Processing (Holdings) Selling, General, & Admin. Expense Historical Data
* 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.
Vietnam Manufacturing and Export Processing (Holdings) Selling, General, & Admin. Expense Chart
Vietnam Manufacturing and Export Processing (Holdings) Annual Data
TPE:9110 vs BC, PII, THO: Selling, General, & Admin. Expense Comparison
For the Recreational Vehicles subindustry, Vietnam Manufacturing and Export Processing (Holdings)'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.
Vietnam Manufacturing and Export Processing (Holdings) Selling, General, & Admin. Expense vs Vehicles & Parts Industry
Vietnam Manufacturing and Export Processing (Holdings) 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$316 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$316 Mil mean?
Vietnam Manufacturing and Export Processing (Holdings) (TPE:9110) has a Selling, General, & Admin. Expense of NT$316 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 Vietnam Manufacturing and Export Processing (Holdings) and its competitors.
Is Vietnam Manufacturing and Export Processing (Holdings)'s Selling, General, & Admin. Expense too high?
Vietnam Manufacturing and Export Processing (Holdings)'s current Selling, General, & Admin. Expense is NT$316 Mil. Overall, Vietnam Manufacturing and Export Processing (Holdings) has a GF Score™ of 57/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vietnam Manufacturing and Export Processing (Holdings)'s Selling, General, & Admin. Expense compare to BC and PII?
Vietnam Manufacturing and Export Processing (Holdings)'s Selling, General, & Admin. Expense of NT$316 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 Vietnam Manufacturing and Export Processing (Holdings) and its competitors. Vietnam Manufacturing and Export Processing (Holdings)'s current Selling, General, & Admin. Expense is NT$316 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vietnam Manufacturing and Export Processing (Holdings) stock overvalued right now?
Based on GuruFocus' analysis, Vietnam Manufacturing and Export Processing (Holdings) (TPE:9110) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$5.18, compared to a current price of NT$3.13 — trading 39.6% below its estimated fair value. The current Selling, General, & Admin. Expense is NT$316 Mil. Vietnam Manufacturing and Export Processing (Holdings)'s overall GF Score™ is 57/100 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 Vietnam Manufacturing and Export Processing (Holdings) (TPE:9110), the current Selling, General, & Admin. Expense is NT$316 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 Vietnam Manufacturing and Export Processing (Holdings) (TPE:9110) Overvalued in 2026?
Based on GuruFocus' analysis, Vietnam Manufacturing and Export Processing (Holdings) stock appears to be undervalued.
The current stock price of NT$3.13 is trading 39.6% below its estimated GF Value™ of NT$5.18.
GuruFocus considers Vietnam Manufacturing and Export Processing (Holdings) to be Significantly Undervalued.
Key valuation signals for TPE:9110:
Selling, General, & Admin. Expense: NT$316 Mil
GF Value™: NT$5.18 vs. price of NT$3.13 (39.6% below fair value)
No single metric tells the full story. See the TPE:9110 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vietnam Manufacturing and Export Processing (Holdings) Ltd is engaged in manufacturing and sales of motorbikes, and related spare parts and engines. Its segments include Manufacturing and sale of motorbikes segment that includes motorbikes manufactured for the Vietnamese market and exports it to other countries including Malaysia, the Philippines, Thailand, Italy, Greece, United Arab Emirates and Singapore; and Manufacturing; and Sale of spare parts and engines segment manufactures engines for use in the group's motorbikes, while the group also exports engines to third parties. It manufactures parts for use in repair servicing and product assembly. Geographically, it operates in Vietnam, Malaysia, Philippines, United Arab Emirates, Greece, Thailand, Italy, Singapore, and Other Countries.
57GF Score
Get the complete analysis for TPE:9110
Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:9110 has been successfully added to your 
