VNET Group (HAM:217A) Total Operating Expense: €178 Mil (TTM As of Mar. 2026)

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HAM:217A VNET Group Inc HAM:217A
53 GF Score
Price €6.72
GF Value €3.75
! 8 Warning Signs
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What is VNET Group Total Operating Expense?

VNET Group HAM:217A -4.27% 53 Total Operating Expense is €178 Mil as of Mar. 2026. GuruFocus rates HAM:217A with a GF Score™ of 53/100 and a GF Value™ of €3.75. The stock has 8 warning signs investors should review.

VNET Group's Total Operating Expense for the three months ended in Mar. 2026 was €46 Mil. VNET Group's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was €178 Mil.

VNET Group Total Operating Expense Related Terms

VNET Group Total Operating Expense Historical Data

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The historical data trend for VNET 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.

VNET Group Total Operating Expense Chart

VNET Group 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 181.28 167.51 178.84 152.51 171.23

VNET Group 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 40.43 45.25 39.86 46.97 46.30
HAM:217A
53GF Score
VNET Group Inc HAM:217A
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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VNET 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 quarterly data reported by the company within the most recent 12 months, which was €178 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 €178 Mil mean?
VNET Group (HAM:217A) has a Total Operating Expense of €178 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on VNET Group and its competitors.
Is VNET Group's Total Operating Expense too high?
VNET Group's current Total Operating Expense is €178 Mil. Overall, VNET Group has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does VNET Group's Total Operating Expense compare to INOD and KD?
VNET Group's Total Operating Expense of €178 Mil can be compared against companies in the Software 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 Software company?
A good Total Operating Expense depends on the Software 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 VNET Group and its competitors. VNET Group's current Total Operating Expense is €178 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VNET Group stock overvalued right now?
VNET Group (HAM:217A) has a current Total Operating Expense of €178 Mil. The stock's GF Value™ is €3.75, compared to a current price of €6.72 — trading 79.2% above its estimated fair value. The current Total Operating Expense is €178 Mil. VNET Group's overall GF Score™ is 53/100 with 8 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 VNET Group (HAM:217A), the current Total Operating Expense is €178 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 VNET Group (HAM:217A) Overvalued in 2026?

Based on GuruFocus' analysis, VNET Group stock appears to be overvalued. The current stock price of €6.72 is trading 79.2% above its estimated GF Value™ of €3.75.

Key valuation signals for HAM:217A:

  • Total Operating Expense: €178 Mil
  • GF Value™: €3.75 vs. price of €6.72 (79.2% above fair value)
  • GF Score™: 53/100 with 8 warning signs

No single metric tells the full story. See the HAM:217A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

VNET Group Business Description

Other Exchanges VNET:USA217A:Germany
Address No. 10 Jiuxianqiao East Road, Guanjie Building Southeast 1st Floor, Chaoyang District, Beijing, CHN, 100016
VNET started as AsiaCloud in 1999 and moved into the data center business, opening its first self-developed data center in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At the end of December 2025, it had 49,863 retail cabinets, with the majority in Beijing, Shanghai, and the Greater Bay area. It also had 889 MW of wholesale capacity in service, with a further 452 MW under construction and a further 840 MW held for future development.
53GF Score

Get the complete analysis for HAM:217A

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

€6.72
Price
€3.75
GF Value