Benefit Systems (FRA:3ZV) Total Operating Expense: €200 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.

FRA:3ZV Benefit Systems SA FRA:3ZV
91 GF Score
Price €1,181.00
GF Value €909.76
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Benefit Systems Total Operating Expense?

Benefit Systems FRA:3ZV +1.37% 91 Total Operating Expense is €200 Mil as of Mar. 2026. GuruFocus rates FRA:3ZV with a GF Score™ of 91/100 and a GF Value™ of €909.76 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Benefit Systems's Total Operating Expense for the three months ended in Mar. 2026 was €49 Mil. Benefit Systems's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was €200 Mil.

Benefit Systems Total Operating Expense Related Terms

Benefit Systems Total Operating Expense Historical Data

* Premium members only.

The historical data trend for Benefit Systems'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.

Benefit Systems Total Operating Expense Chart

Benefit Systems Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.88 66.72 87.08 132.15 194.46

Benefit Systems Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 43.05 43.70 48.34 59.38 48.90
FRA:3ZV
91GF Score
Benefit Systems SA FRA:3ZV
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Benefit Systems 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 quarterly data reported by the company within the most recent 12 months, which was €200 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 €200 Mil mean?
Benefit Systems (FRA:3ZV) has a Total Operating Expense of €200 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Benefit Systems and its competitors.
Is Benefit Systems' Total Operating Expense too high?
Benefit Systems' current Total Operating Expense is €200 Mil. Overall, Benefit Systems has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Benefit Systems' Total Operating Expense compare to AS and HAS?
Benefit Systems' Total Operating Expense of €200 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Total Operating Expense depends on the Travel & Leisure 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 Benefit Systems and its competitors. Benefit Systems's current Total Operating Expense is €200 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Benefit Systems stock overvalued right now?
Based on GuruFocus' analysis, Benefit Systems (FRA:3ZV) is currently considered Modestly Overvalued. The stock's GF Value™ is €909.76, compared to a current price of €1,181.00 — trading 29.8% above its estimated fair value. The current Total Operating Expense is €200 Mil. Benefit Systems' overall GF Score™ is 91/100 with 5 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 Benefit Systems (FRA:3ZV), the current Total Operating Expense is €200 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 Benefit Systems (FRA:3ZV) Overvalued in 2026?

Based on GuruFocus' analysis, Benefit Systems stock appears to be overvalued. The current stock price of €1,181.00 is trading 29.8% above its estimated GF Value™ of €909.76. GuruFocus considers Benefit Systems to be Modestly Overvalued.

Key valuation signals for FRA:3ZV:

  • Total Operating Expense: €200 Mil
  • GF Value™: €909.76 vs. price of €1,181.00 (29.8% above fair value)
  • GF Score™: 91/100 with 5 warning signs

No single metric tells the full story. See the FRA:3ZV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Benefit Systems Business Description

Other Exchanges BFT:Poland0Q3J:UK
Address European Square 2, Warsaw, POL, 00-844
Benefit Systems SA is Poland based company which is engaged in providing work benefits in the area of sport, recreations, culture and entertainment. Its products portfolio includes MultiSport Plus card, program that allows access to the sport and recreation clubs and multi-purpose facilities as well as Mybenefit, Benefitlunch, Multibilet, Multikafeteria and others.
91GF Score

Get the complete analysis for FRA:3ZV

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

€1,181.00
Price
€909.76
GF Value