Heineken Holding NV (FRA:4H5) Total Operating Expense: €7,050 Mil (TTM As of Dec. 2025)


FRA:4H5 Heineken Holding NV FRA:4H5
83 GF Score
Price €68.20
GF Value €71.13
Valuation Fairly Valued
! 7 Warning Signs
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What is Heineken Holding NV Total Operating Expense?

Heineken Holding NV FRA:4H5 -1.52% 83 Total Operating Expense is €7,050 Mil as of Dec. 2025. GuruFocus rates FRA:4H5 with a GF Score™ of 83/100 and a GF Value™ of €71.13 (Fairly Valued). The stock has 7 warning signs investors should review.

Heineken Holding NV's Total Operating Expense for the six months ended in Dec. 2025 was €3,864 Mil. Heineken Holding NV's Total Operating Expense for the trailing twelve months (TTM) ended in Dec. 2025 was €7,050 Mil.

Heineken Holding NV Total Operating Expense Related Terms

Heineken Holding NV Total Operating Expense Historical Data

* Premium members only.

The historical data trend for Heineken Holding NV'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.

Heineken Holding NV Total Operating Expense Chart

Heineken Holding NV 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 5,444.00 5,965.00 7,449.00 7,071.00 7,050.00

Heineken Holding NV Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 4,095.00 3,458.00 3,613.00 3,186.00 3,864.00
FRA:4H5
83GF Score
Heineken Holding NV FRA:4H5
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Heineken Holding NV 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €7,050 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 €7,050 Mil mean?
Heineken Holding NV (FRA:4H5) has a Total Operating Expense of €7,050 Mil as of Dec. 2025. Total operating expense is the primary recurring expense associated with central operations. View historical data on Heineken Holding NV and its competitors.
Is Heineken Holding NV's Total Operating Expense too high?
Heineken Holding NV's current Total Operating Expense is €7,050 Mil. Overall, Heineken Holding NV has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heineken Holding NV's Total Operating Expense compare to BUD and STZ?
Heineken Holding NV's Total Operating Expense of €7,050 Mil can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good Total Operating Expense depends on the Beverages - Alcoholic 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 Heineken Holding NV and its competitors. Heineken Holding NV's current Total Operating Expense is €7,050 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heineken Holding NV stock overvalued right now?
Based on GuruFocus' analysis, Heineken Holding NV (FRA:4H5) is currently considered Fairly Valued. The stock's GF Value™ is €71.13, compared to a current price of €68.20 — trading 4.1% below its estimated fair value. The current Total Operating Expense is €7,050 Mil. Heineken Holding NV's overall GF Score™ is 83/100 with 7 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 Heineken Holding NV (FRA:4H5), the current Total Operating Expense is €7,050 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 Heineken Holding NV (FRA:4H5) Overvalued in 2026?

Based on GuruFocus' analysis, Heineken Holding NV stock appears to be undervalued. The current stock price of €68.20 is trading 4.1% below its estimated GF Value™ of €71.13. GuruFocus considers Heineken Holding NV to be Fairly Valued.

Key valuation signals for FRA:4H5:

  • Total Operating Expense: €7,050 Mil
  • GF Value™: €71.13 vs. price of €68.20 (4.1% below fair value)
  • GF Score™: 83/100 with 7 warning signs

No single metric tells the full story. See the FRA:4H5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Heineken Holding NV Business Description

Address Tweede Weteringplantsoen 5, PO Box 28, Amsterdam, NH, NLD, 1017 ZD
Heineken Holding NV, through its subsidiary, is involved in the brewing and selling of beer and cider. It does not engage in operational activities and generates income almost exclusively by receiving Heineken dividends. The company has five reportable segments: Europe, Americas, Africa & Middle East, Asia Pacific and Heineken N.V. Head Office & Other/Eliminations. The majority of the revenue is generated from the Europe segment.
83GF Score

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

€68.20
Price
€71.13
GF Value