Taiwan Secom Co (TPE:9917) Selling, General, & Admin. Expense: NT$3,008 Mil (TTM As of Mar. 2026)

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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
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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:9917 Taiwan Secom Co Ltd TPE:9917
90 GF Score
Price NT$108.00
GF Value NT$135.07
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Taiwan Secom Co Selling, General, & Admin. Expense?

Taiwan Secom Co TPE:9917 90 Selling, General, & Admin. Expense is NT$3,008 Mil as of Mar. 2026. GuruFocus rates TPE:9917 with a GF Score™ of 90/100 and a GF Value™ of NT$135.07 (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. Taiwan Secom Co's selling, general, & admin. expense for the three months ended in Mar. 2026 was NT$726 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was NT$3,008 Mil.


Taiwan Secom Co  (TPE:9917) 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.


Taiwan Secom Co Selling, General, & Admin. Expense Related Terms


Taiwan Secom Co Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Taiwan Secom 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.

Taiwan Secom Co Selling, General, & Admin. Expense Chart

Taiwan Secom 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 2,251.08 2,475.16 2,813.88 2,753.19 2,985.27

Taiwan Secom Co 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 703.27 777.51 765.00 739.49 725.86

TPE:9917 vs ALLE, MSA, ADT: Selling, General, & Admin. Expense Comparison

For the Security & Protection Services subindustry, Taiwan Secom 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.


Taiwan Secom Co Selling, General, & Admin. Expense vs Business Services Industry

For the Business Services industry and Industrials sector, Taiwan Secom Co's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Taiwan Secom Co's Selling, General, & Admin. Expense falls into.


TPE:9917
90GF Score
Taiwan Secom Co Ltd TPE:9917
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Taiwan Secom 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$3,008 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$3,008 Mil mean?
Taiwan Secom Co (TPE:9917) has a Selling, General, & Admin. Expense of NT$3,008 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 Taiwan Secom Co and its competitors.
Is Taiwan Secom Co's Selling, General, & Admin. Expense too high?
Taiwan Secom Co's current Selling, General, & Admin. Expense is NT$3,008 Mil. Overall, Taiwan Secom Co has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Secom Co's Selling, General, & Admin. Expense compare to ALLE and MSA?
Taiwan Secom Co's Selling, General, & Admin. Expense of NT$3,008 Mil can be compared against companies in the Business Services 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 Business Services company?
A good Selling, General, & Admin. Expense depends on the Business Services 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 Taiwan Secom Co and its competitors. Taiwan Secom Co's current Selling, General, & Admin. Expense is NT$3,008 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Secom Co stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Secom Co (TPE:9917) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$135.07, compared to a current price of NT$108.00 — trading 20% below its estimated fair value. The current Selling, General, & Admin. Expense is NT$3,008 Mil. Taiwan Secom Co's overall GF Score™ is 90/100 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 Taiwan Secom Co (TPE:9917), the current Selling, General, & Admin. Expense is NT$3,008 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 Taiwan Secom Co (TPE:9917) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Secom Co stock appears to be undervalued. The current stock price of NT$108.00 is trading 20% below its estimated GF Value™ of NT$135.07. GuruFocus considers Taiwan Secom Co to be Modestly Undervalued.

Key valuation signals for TPE:9917:

  • Selling, General, & Admin. Expense: NT$3,008 Mil
  • GF Value™: NT$135.07 vs. price of NT$108.00 (20% below fair value)
  • GF Score™: 90/100 with 5 warning signs

No single metric tells the full story. See the TPE:9917 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Secom Co Business Description

Address 13th Floor, No.135, Jingmao 2nd Road, Nangang District, Taipei, TWN
Taiwan Secom Co Ltd is engaged mainly in the security service. Its segments consist of Electronic systems segment engages in security system related service; Security services segment engages in security guarding related service; Cash delivery services engages in cash delivery service; Logistics services segment engages in logistic service; and Catering services segment engages in catering services. It derives the majority of revenue from Electronic systems segment.
90GF Score

Get the complete analysis for TPE:9917

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

NT$108.00
Price
NT$135.07
GF Value