Zhihu (ZH) Selling, General, & Admin. Expense: $209.9 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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.

ZH Zhihu Inc ZH
57 GF Score
Price $3.08
GF Value $3.64
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Zhihu Selling, General, & Admin. Expense?

Zhihu ZH -2.53% 57 Selling, General, & Admin. Expense is $209.9 Mil as of Mar. 2026. GuruFocus rates ZH with a GF Score™ of 57/100 and a GF Value™ of $3.64 (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. Zhihu's selling, general, & admin. expense for the three months ended in Mar. 2026 was $49.5 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was $209.9 Mil.


Zhihu  (NYSE:ZH) 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.


Zhihu Selling, General, & Admin. Expense Related Terms


Zhihu Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Zhihu'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.

Zhihu Selling, General, & Admin. Expense Chart

Zhihu Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial 365.04 379.89 345.46 265.00 213.50

Zhihu 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 49.91 54.80 54.62 51.01 49.50

ZH vs ANGI, ZIP, SSTK: Selling, General, & Admin. Expense Comparison

For the Internet Content & Information subindustry, Zhihu'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.


Zhihu Selling, General, & Admin. Expense vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Zhihu's Selling, General, & Admin. Expense distribution charts can be found below:

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


ZH
57GF Score
Zhihu Inc ZH
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zhihu 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 $209.9 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 $209.9 Mil mean?
Zhihu (ZH) has a Selling, General, & Admin. Expense of $209.9 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 Zhihu and its competitors.
Is Zhihu's Selling, General, & Admin. Expense too high?
Zhihu's current Selling, General, & Admin. Expense is $209.9 Mil. Overall, Zhihu has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhihu's Selling, General, & Admin. Expense compare to ANGI and ZIP?
Zhihu's Selling, General, & Admin. Expense of $209.9 Mil can be compared against companies in the Interactive Media 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 Interactive Media company?
A good Selling, General, & Admin. Expense depends on the Interactive Media 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 Zhihu and its competitors. Zhihu's current Selling, General, & Admin. Expense is $209.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhihu stock overvalued right now?
Based on GuruFocus' analysis, Zhihu (ZH) is currently considered Modestly Undervalued. The stock's GF Value™ is $3.64, compared to a current price of $3.08 — trading 15.4% below its estimated fair value. The current Selling, General, & Admin. Expense is $209.9 Mil. Zhihu's overall GF Score™ is 57/100 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 Zhihu (ZH), the current Selling, General, & Admin. Expense is $209.9 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 Zhihu (ZH) Overvalued in 2026?

Based on GuruFocus' analysis, Zhihu stock appears to be undervalued. The current stock price of $3.08 is trading 15.4% below its estimated GF Value™ of $3.64. GuruFocus considers Zhihu to be Modestly Undervalued.

Key valuation signals for ZH:

  • Selling, General, & Admin. Expense: $209.9 Mil
  • GF Value™: $3.64 vs. price of $3.08 (15.4% below fair value)
  • GF Score™: 57/100 with 5 warning signs

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


Zhihu Business Description

Other Exchanges 02390:Hong Kong5BU0:Germany
Address 18 Xueqing Road, Haidian District, Beijing, CHN, 100083
Zhihu Inc is engaged in the operation of one online content community which monetizes through paid membership services, marketing services and other services in the People's Republic of China. It is an online content community where people come to find solutions, make decisions, seek inspiration, and have fun. Its community supports discussions ranging from everyday consumer decisions, such as purchasing products or planning travel, to more specialized areas on professional knowledge, technological developments including artificial intelligence and academic topics. It operates in single segment and its revenues are derived from within the PRC.
57GF Score

Get the complete analysis for ZH

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

$3.08
Price
$3.64
GF Value