Ninety One (FRA:L91) Total Operating Expense: €259.0 Mil (TTM As of Mar. 2026)


FRA:L91 Ninety One Ltd FRA:L91
73 GF Score
Price €2.32
GF Value €2.05
! 7 Warning Signs
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What is Ninety One Total Operating Expense?

Ninety One FRA:L91 +0.87% 73 Total Operating Expense is €259.0 Mil as of Mar. 2026. GuruFocus rates FRA:L91 with a GF Score™ of 73/100 and a GF Value™ of €2.05. The stock has 7 warning signs investors should review.

Ninety One's Total Operating Expense for the six months ended in Mar. 2026 was €171.3 Mil. Ninety One's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was €259.0 Mil.

Ninety One Total Operating Expense Related Terms

Ninety One Total Operating Expense Historical Data

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The historical data trend for Ninety One'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.

Ninety One Total Operating Expense Chart

Ninety One 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 216.53 217.52 220.24 241.29 259.15

Ninety One Semi-Annual Data
Mar17 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 138.29 90.70 150.34 87.73 171.27
FRA:L91
73GF Score
Ninety One Ltd FRA:L91
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Ninety One 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 €259.0 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 €259.0 Mil mean?
Ninety One (FRA:L91) has a Total Operating Expense of €259.0 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Ninety One and its competitors.
Is Ninety One's Total Operating Expense too high?
Ninety One's current Total Operating Expense is €259.0 Mil. Overall, Ninety One has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Ninety One's Total Operating Expense compare to BLK and BX?
Ninety One's Total Operating Expense of €259.0 Mil can be compared against companies in the Asset Management 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 an Asset Management company?
A good Total Operating Expense depends on the Asset Management 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 Ninety One and its competitors. Ninety One's current Total Operating Expense is €259.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ninety One stock overvalued right now?
Ninety One (FRA:L91) has a current Total Operating Expense of €259.0 Mil. The stock's GF Value™ is €2.05, compared to a current price of €2.32 — trading 13.2% above its estimated fair value. The current Total Operating Expense is €259.0 Mil. Ninety One's overall GF Score™ is 73/100 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 Ninety One (FRA:L91), the current Total Operating Expense is €259.0 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 Ninety One (FRA:L91) Overvalued in 2026?

Based on GuruFocus' analysis, Ninety One stock appears to be overvalued. The current stock price of €2.32 is trading 13.2% above its estimated GF Value™ of €2.05.

Key valuation signals for FRA:L91:

  • Total Operating Expense: €259.0 Mil
  • GF Value™: €2.05 vs. price of €2.32 (13.2% above fair value)
  • GF Score™: 73/100 with 7 warning signs

No single metric tells the full story. See the FRA:L91 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ninety One Business Description

Other Exchanges NY1:South Africa
Address 36 Hans Strijdom Avenue, Foreshore, Cape Town, WC, ZAF, 8001
Ninety One Ltd is an asset manager. The company provides a range of differentiated strategies managed by its specialist investment teams, providing access to a diverse range of asset classes and regions. It serves its client base via five regional teams namely Africa, the United Kingdom, Asia Pacific, the Americas and Europe and across two distribution channels Institutional and Advisor. Institutional clients include private and public sector pension funds, sovereign wealth funds, insurers, corporates, foundations and central banks, while Advisor clients include large retail groups, wealth managers, private banks and intermediaries serving individual investors.
73GF Score

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

€2.32
Price
€2.05
GF Value