Vicon Holdings (HKSE:03878) Total Operating Expense: HK$11.7 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.

HKSE:03878 Vicon Holdings Ltd HKSE:03878
58 GF Score
Price HK$0.19
GF Value HK$0.11
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Vicon Holdings Total Operating Expense?

Vicon Holdings HKSE:03878 -9.77% 58 Total Operating Expense is HK$11.7 Mil as of Mar. 2026. GuruFocus rates HKSE:03878 with a GF Score™ of 58/100 and a GF Value™ of HK$0.11 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Vicon Holdings's Total Operating Expense for the six months ended in Mar. 2026 was HK$7.8 Mil. Vicon Holdings's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was HK$11.7 Mil.


Vicon Holdings Total Operating Expense Related Terms


Vicon Holdings Total Operating Expense Historical Data

* Premium members only.

The historical data trend for Vicon 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.

Vicon Holdings Total Operating Expense Chart

Vicon Holdings 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 36.41 9.53 18.38 10.74 11.74

Vicon Holdings Semi-Annual Data
Sep16 Mar17 Sep17 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 Premium Member Only Premium Member Only 5.89 3.91 6.83 3.92 7.82
HKSE:03878
58GF Score
Vicon Holdings Ltd HKSE:03878
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vicon 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 Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$11.7 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$11.7 Mil mean?
Vicon Holdings (HKSE:03878) has a Total Operating Expense of HK$11.7 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Vicon Holdings and its competitors.
Is Vicon Holdings' Total Operating Expense too high?
Vicon Holdings' current Total Operating Expense is HK$11.7 Mil. Overall, Vicon Holdings has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vicon Holdings' Total Operating Expense compare to PWR and FIX?
Vicon Holdings' Total Operating Expense of HK$11.7 Mil can be compared against companies in the Construction 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 Construction company?
A good Total Operating Expense depends on the Construction 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 Vicon Holdings and its competitors. Vicon Holdings's current Total Operating Expense is HK$11.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vicon Holdings stock overvalued right now?
Based on GuruFocus' analysis, Vicon Holdings (HKSE:03878) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.11, compared to a current price of HK$0.19 — trading 76.4% above its estimated fair value. The current Total Operating Expense is HK$11.7 Mil. Vicon Holdings' overall GF Score™ is 58/100 with 2 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 Vicon Holdings (HKSE:03878), the current Total Operating Expense is HK$11.7 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 Vicon Holdings (HKSE:03878) Overvalued in 2026?

Based on GuruFocus' analysis, Vicon Holdings stock appears to be overvalued. The current stock price of HK$0.19 is trading 76.4% above its estimated GF Value™ of HK$0.11. GuruFocus considers Vicon Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:03878:

  • Total Operating Expense: HK$11.7 Mil
  • GF Value™: HK$0.11 vs. price of HK$0.19 (76.4% above fair value)
  • GF Score™: 58/100 with 2 warning signs

No single metric tells the full story. See the HKSE:03878 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vicon Holdings Business Description

Address 133 Hoi Bun Road, Office D, 16th Floor, MG Tower, Cheung Sha Wan, Kowloon, Hong Kong, HKG
Vicon Holdings Ltd is a Hong Kong-based investment company. The company is engaged in foundation works and ancillary services. Geographically, the company derives the maximum of its revenue from Hong Kong. The company segments include construction works and leasing of construction machinery. The company earns maximum revenue from the construction segment. The company's foundation projects involve different types of construction works, such as piling construction, ELS works, pile cap construction, and general building work in Hong Kong.
58GF Score

Get the complete analysis for HKSE:03878

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

HK$0.19
Price
HK$0.11
GF Value