Delivery Hero SE (XSWX:DHER) Selling, General, & Admin. Expense: CHF1,000 Mil (TTM As of Dec. 2025)

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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
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.

XSWX:DHER Delivery Hero SE XSWX:DHER
66 GF Score
Price CHF35.17
GF Value CHF186.99
Valuation Possible Value Trap
! 8 Warning Signs
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What is Delivery Hero SE Selling, General, & Admin. Expense?

Delivery Hero SE XSWX:DHER 66 Selling, General, & Admin. Expense is CHF1,000 Mil as of Dec. 2025. GuruFocus rates XSWX:DHER with a GF Score™ of 66/100 and a GF Value™ of CHF186.99 (Possible Value Trap). The stock has 8 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. Delivery Hero SE's selling, general, & admin. expense for the six months ended in Dec. 2025 was CHF461 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2025 was CHF1,000 Mil.


Delivery Hero SE  (XSWX:DHER) 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.


Delivery Hero SE Selling, General, & Admin. Expense Related Terms


Delivery Hero SE Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Delivery Hero SE'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.

Delivery Hero SE Selling, General, & Admin. Expense Chart

Delivery Hero SE 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 1,102.60 1,235.16 1,038.42 1,073.28 997.34

Delivery Hero SE Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 499.74 515.11 573.43 539.51 460.60

XSWX:DHER vs AMZN, BABA, PDD: Selling, General, & Admin. Expense Comparison

For the Internet Retail subindustry, Delivery Hero SE'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.


Delivery Hero SE Selling, General, & Admin. Expense vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Delivery Hero SE's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Delivery Hero SE's Selling, General, & Admin. Expense falls into.


XSWX:DHER
66GF Score
Delivery Hero SE XSWX:DHER
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Delivery Hero SE 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 semi-annually data reported by the company within the most recent 12 months, which was CHF1,000 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 CHF1,000 Mil mean?
Delivery Hero SE (XSWX:DHER) has a Selling, General, & Admin. Expense of CHF1,000 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 Delivery Hero SE and its competitors.
Is Delivery Hero SE's Selling, General, & Admin. Expense too high?
Delivery Hero SE's current Selling, General, & Admin. Expense is CHF1,000 Mil. Overall, Delivery Hero SE has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Delivery Hero SE's Selling, General, & Admin. Expense compare to AMZN and BABA?
Delivery Hero SE's Selling, General, & Admin. Expense of CHF1,000 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Selling, General, & Admin. Expense depends on the Retail - Cyclical 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 Delivery Hero SE and its competitors. Delivery Hero SE's current Selling, General, & Admin. Expense is CHF1,000 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delivery Hero SE stock overvalued right now?
Based on GuruFocus' analysis, Delivery Hero SE (XSWX:DHER) is currently considered Possible Value Trap. The stock's GF Value™ is CHF186.99, compared to a current price of CHF35.17 — trading 81.2% below its estimated fair value. The current Selling, General, & Admin. Expense is CHF1,000 Mil. Delivery Hero SE's overall GF Score™ is 66/100 with 8 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 Delivery Hero SE (XSWX:DHER), the current Selling, General, & Admin. Expense is CHF1,000 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 Delivery Hero SE (XSWX:DHER) Overvalued in 2026?

Based on GuruFocus' analysis, Delivery Hero SE stock appears to be undervalued. The current stock price of CHF35.17 is trading 81.2% below its estimated GF Value™ of CHF186.99. GuruFocus considers Delivery Hero SE to be Possible Value Trap.

Key valuation signals for XSWX:DHER:

  • Selling, General, & Admin. Expense: CHF1,000 Mil
  • GF Value™: CHF186.99 vs. price of CHF35.17 (81.2% below fair value)
  • GF Score™: 66/100 with 8 warning signs

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


Delivery Hero SE Business Description

Address Oranienburger Strasse 70, Berlin, DEU, 10117
Founded in 2011, Delivery Hero is an online delivery demand aggregator. The company is headquartered in Germany and operates in over 70 countries across Latin America, Asia, Europe, the Middle East, and Africa. Delivery Hero creates a marketplace for merchants to establish an online presence, market their offerings, and meet demand through delivery. Nearly half of Delivery Hero's revenue is commission fees from merchants. Through its applications, which vary by region, customers can order meals, grocery items, pharmacy products, and retail goods. In addition, Delivery Hero operates Dmarts.
66GF Score

Get the complete analysis for XSWX:DHER

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

CHF35.17
Price
CHF186.99
GF Value