BT Group (CHIX:BTL) Total Operating Expense: £11,037 Mil (TTM As of Mar. 2026)


CHIX:BTL BT Group PLC CHIX:BTL
66 GF Score
Price £1.89
GF Value £1.38
Valuation Significantly Overvalued
! 6 Warning Signs
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What is BT Group Total Operating Expense?

BT Group CHIX:BTL -3.65% 66 Total Operating Expense is £11,037 Mil as of Mar. 2026. GuruFocus rates CHIX:BTL with a GF Score™ of 66/100 and a GF Value™ of £1.38 (Significantly Overvalued). The stock has 6 warning signs investors should review.

BT Group's Total Operating Expense for the six months ended in Mar. 2026 was £5,519 Mil. BT Group's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was £11,037 Mil.

BT Group Total Operating Expense Related Terms

BT Group Total Operating Expense Historical Data

* Premium members only.

The historical data trend for BT Group's Total Operating 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.

BT Group Total Operating Expense Chart

BT Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12,196.00 11,822.00 11,635.00 11,508.00 11,037.00

BT Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Total Operating 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 5,880.00 5,697.00 5,811.00 5,518.00 5,519.00
CHIX:BTL
66GF Score
BT Group PLC CHIX:BTL
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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BT Group Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was £11,037 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 Total Operating Expense of £11,037 Mil mean?
BT Group (CHIX:BTL) has a Total Operating Expense of £11,037 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on BT Group and its competitors.
Is BT Group's Total Operating Expense too high?
BT Group's current Total Operating Expense is £11,037 Mil. Overall, BT Group has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BT Group's Total Operating Expense compare to TMUS and VZ?
BT Group's Total Operating Expense of £11,037 Mil can be compared against companies in the Telecommunication Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Telecommunication Services company?
A good Total Operating Expense depends on the Telecommunication Services industry context. However, Total Operating 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on BT Group and its competitors. BT Group's current Total Operating Expense is £11,037 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BT Group stock overvalued right now?
Based on GuruFocus' analysis, BT Group (CHIX:BTL) is currently considered Significantly Overvalued. The stock's GF Value™ is £1.38, compared to a current price of £1.89 — trading 36.7% above its estimated fair value. The current Total Operating Expense is £11,037 Mil. BT Group's overall GF Score™ is 66/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For BT Group (CHIX:BTL), the current Total Operating Expense is £11,037 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 BT Group (CHIX:BTL) Overvalued in 2026?

Based on GuruFocus' analysis, BT Group stock appears to be overvalued. The current stock price of £1.89 is trading 36.7% above its estimated GF Value™ of £1.38. GuruFocus considers BT Group to be Significantly Overvalued.

Key valuation signals for CHIX:BTL:

  • Total Operating Expense: £11,037 Mil
  • GF Value™: £1.38 vs. price of £1.89 (36.7% above fair value)
  • GF Score™: 66/100 with 6 warning signs

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

BT Group Business Description

Other Exchanges BTGOF:USABT.A:UKBTQ:Germany
Address 1 Braham Street, London, GBR, E1 8EE
BT Group is the incumbent telecommunications operator in the UK. BT is the owner of Openreach, the largest fixed-line network in the country. Openreach operates as a separate entity due to regulatory requirements, but is still 100% owned by BT. Openreach has accelerated its fiber investments and expects to have 90% of the UK covered with FTTH by 2026. In the consumer division, BT has approximately 30% market share in broadband and mobile services. The enterprise segment serves large corporations, while the global services division provides communications consultancy services.
66GF Score

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Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£1.89
Price
£1.38
GF Value