UGP (Ultrapar Participacoes) Selling, General, & Admin. Expense: $921 Mil (TTM As of Mar. 2026)

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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.

UGP Ultrapar Participacoes SA UGP
75 GF Score
Price $6.25
GF Value $4.56
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Ultrapar Participacoes Selling, General, & Admin. Expense?

Ultrapar Participacoes UGP +0.16% 75 Selling, General, & Admin. Expense is $921 Mil as of Mar. 2026. GuruFocus rates UGP with a GF Score™ of 75/100 and a GF Value™ of $4.56 (Significantly Overvalued). 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. Ultrapar Participacoes's selling, general, & admin. expense for the three months ended in Mar. 2026 was $252 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was $921 Mil.


Ultrapar Participacoes  (NYSE:UGP) 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.


Ultrapar Participacoes Selling, General, & Admin. Expense Related Terms


Ultrapar Participacoes Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Ultrapar Participacoes'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.

Ultrapar Participacoes Selling, General, & Admin. Expense Chart

Ultrapar Participacoes 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 600.93 700.89 871.75 716.55 873.82

Ultrapar Participacoes 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 194.50 214.20 218.72 235.81 252.35

UGP vs VLO, MPC, PSX: Selling, General, & Admin. Expense Comparison

For the Oil & Gas Refining & Marketing subindustry, Ultrapar Participacoes'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.


Ultrapar Participacoes Selling, General, & Admin. Expense vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ultrapar Participacoes's Selling, General, & Admin. Expense distribution charts can be found below:

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


UGP
75GF Score
Ultrapar Participacoes SA UGP
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Ultrapar Participacoes 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 $921 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 $921 Mil mean?
Ultrapar Participacoes (UGP) has a Selling, General, & Admin. Expense of $921 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 Ultrapar Participacoes and its competitors.
Is Ultrapar Participacoes' Selling, General, & Admin. Expense too high?
Ultrapar Participacoes' current Selling, General, & Admin. Expense is $921 Mil. Overall, Ultrapar Participacoes has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ultrapar Participacoes' Selling, General, & Admin. Expense compare to VLO and MPC?
Ultrapar Participacoes' Selling, General, & Admin. Expense of $921 Mil can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Selling, General, & Admin. Expense depends on the Oil & Gas 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 Ultrapar Participacoes and its competitors. Ultrapar Participacoes's current Selling, General, & Admin. Expense is $921 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultrapar Participacoes stock overvalued right now?
Based on GuruFocus' analysis, Ultrapar Participacoes (UGP) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.56, compared to a current price of $6.25 — trading 37.1% above its estimated fair value. The current Selling, General, & Admin. Expense is $921 Mil. Ultrapar Participacoes' overall GF Score™ is 75/100 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 Ultrapar Participacoes (UGP), the current Selling, General, & Admin. Expense is $921 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 Ultrapar Participacoes (UGP) Overvalued in 2026?

Based on GuruFocus' analysis, Ultrapar Participacoes stock appears to be overvalued. The current stock price of $6.25 is trading 37.1% above its estimated GF Value™ of $4.56. GuruFocus considers Ultrapar Participacoes to be Significantly Overvalued.

Key valuation signals for UGP:

  • Selling, General, & Admin. Expense: $921 Mil
  • GF Value™: $4.56 vs. price of $6.25 (37.1% above fair value)
  • GF Score™: 75/100 with 5 warning signs

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


Ultrapar Participacoes Business Description

Industry EnergyOil & Gas
Address Brigadeiro Luis Antonio Avenue, 1343, 9th Floor, Sao Paulo, SP, BRA, 01317-910
Ultrapar Participacoes SA engages in the investment of its own capital in services, commercial, and industrial activities, through the subscription or acquisition of shares of other companies. The company's business segments include: i) Ultragaz distributes LPG in the segments: bulk, comprising condominiums, trade, services, industries, and agribusiness; and bottled, mainly comprising residential consumers. ii) Ipiranga, the majority revenue generating segment, engages in the distribution and sale of oil-related products to service stations that operate under the Ipiranga brand throughout Brazil. iii) Ultracargo operates in specialized liquid bulk storage solutions in the main logistics centers. iv) Hidrovias: operates in logistics solutions and waterway and multimodal infrastructure.
75GF Score

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

$6.25
Price
$4.56
GF Value