SJM Holdings (HKSE:00880) Total Operating Expense: HK$13,914 Mil (TTM As of Dec. 2025)

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.

HKSE:00880 SJM Holdings Ltd HKSE:00880
56 GF Score
Price HK$1.46
GF Value HK$4.17
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is SJM Holdings Total Operating Expense?

SJM Holdings HKSE:00880 -1.68% 56 Total Operating Expense is HK$13,914 Mil as of Dec. 2025. GuruFocus rates HKSE:00880 with a GF Score™ of 56/100 and a GF Value™ of HK$4.17 (Possible Value Trap). The stock has 4 warning signs investors should review.

SJM Holdings's Total Operating Expense for the three months ended in Dec. 2025 was HK$977 Mil. SJM Holdings's Total Operating Expense for the trailing twelve months (TTM) ended in Dec. 2025 was HK$13,914 Mil.

SJM Holdings Total Operating Expense Related Terms

SJM Holdings Total Operating Expense Historical Data

* Premium members only.

The historical data trend for SJM Holdings'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.

SJM Holdings Total Operating Expense Chart

SJM Holdings 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 9,524.10 8,939.00 12,663.00 14,726.50 14,932.40

SJM Holdings Quarterly Data
Jun20 Dec20 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 1,961.00 0.00 7,034.00 977.30 5,903.00
HKSE:00880
56GF Score
SJM Holdings Ltd HKSE:00880
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SJM Holdings 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 quarterly data reported by the company within the most recent 12 months, which was HK$13,914 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 HK$13,914 Mil mean?
SJM Holdings (HKSE:00880) has a Total Operating Expense of HK$13,914 Mil as of Dec. 2025. Total operating expense is the primary recurring expense associated with central operations. View historical data on SJM Holdings and its competitors.
Is SJM Holdings' Total Operating Expense too high?
SJM Holdings' current Total Operating Expense is HK$13,914 Mil. Overall, SJM Holdings has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SJM Holdings' Total Operating Expense compare to LVS and MGM?
SJM Holdings' Total Operating Expense of HK$13,914 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 SJM Holdings and its competitors. SJM Holdings's current Total Operating Expense is HK$13,914 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SJM Holdings stock overvalued right now?
Based on GuruFocus' analysis, SJM Holdings (HKSE:00880) is currently considered Possible Value Trap. The stock's GF Value™ is HK$4.17, compared to a current price of HK$1.46 — trading 65% below its estimated fair value. The current Total Operating Expense is HK$13,914 Mil. SJM Holdings' overall GF Score™ is 56/100 with 4 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 SJM Holdings (HKSE:00880), the current Total Operating Expense is HK$13,914 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 SJM Holdings (HKSE:00880) Overvalued in 2026?

Based on GuruFocus' analysis, SJM Holdings stock appears to be undervalued. The current stock price of HK$1.46 is trading 65% below its estimated GF Value™ of HK$4.17. GuruFocus considers SJM Holdings to be Possible Value Trap.

Key valuation signals for HKSE:00880:

  • Total Operating Expense: HK$13,914 Mil
  • GF Value™: HK$4.17 vs. price of HK$1.46 (65% below fair value)
  • GF Score™: 56/100 with 4 warning signs

No single metric tells the full story. See the HKSE:00880 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

SJM Holdings Business Description

Address Nos. 168 - 200 Connaught Road Central, 18th Floor, China Merchants Tower, Shun Tak Centre, Hong Kong, HKG
SJM Holdings is one of six casino license holders in Macao. It operates Grand Lisboa casino in the peninsula and Grand Lisboa Palace in Cotai, as well as another three self-promoted casinos: Casino Lisboa, Oceanus at Jai Alai, and L'Arc Macau.
56GF Score

Get the complete analysis for HKSE:00880

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

HK$1.46
Price
HK$4.17
GF Value