San Miguel (PHS:SMC) Total Operating Expense: ₱102,995 Mil (TTM As of Mar. 2026)


PHS:SMC San Miguel Corp PHS:SMC
74 GF Score
Price ₱69.25
GF Value ₱82.76
Valuation Modestly Undervalued
! 5 Warning Signs
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What is San Miguel Total Operating Expense?

San Miguel PHS:SMC +0.87% 74 Total Operating Expense is ₱102,995 Mil as of Mar. 2026. GuruFocus rates PHS:SMC with a GF Score™ of 74/100 and a GF Value™ of ₱82.76 (Modestly Undervalued). The stock has 5 warning signs investors should review.

San Miguel's Total Operating Expense for the three months ended in Mar. 2026 was ₱25,558 Mil. San Miguel's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was ₱102,995 Mil.

San Miguel Total Operating Expense Related Terms

San Miguel Total Operating Expense Historical Data

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The historical data trend for San Miguel'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.

San Miguel Total Operating Expense Chart

San Miguel 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 78,446.00 83,857.00 93,489.00 100,213.00 101,432.00

San Miguel 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 23,995.00 23,214.00 23,850.00 30,373.00 25,558.00
PHS:SMC
74GF Score
San Miguel Corp PHS:SMC
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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San Miguel 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 ₱102,995 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 ₱102,995 Mil mean?
San Miguel (PHS:SMC) has a Total Operating Expense of ₱102,995 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on San Miguel and its competitors.
Is San Miguel's Total Operating Expense too high?
San Miguel's current Total Operating Expense is ₱102,995 Mil. Overall, San Miguel has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does San Miguel's Total Operating Expense compare to HON and MMM?
San Miguel's Total Operating Expense of ₱102,995 Mil can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Total Operating Expense depends on the Conglomerates 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 San Miguel and its competitors. San Miguel's current Total Operating Expense is ₱102,995 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is San Miguel stock overvalued right now?
Based on GuruFocus' analysis, San Miguel (PHS:SMC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱82.76, compared to a current price of ₱69.25 — trading 16.3% below its estimated fair value. The current Total Operating Expense is ₱102,995 Mil. San Miguel's overall GF Score™ is 74/100 with 5 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 San Miguel (PHS:SMC), the current Total Operating Expense is ₱102,995 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 San Miguel (PHS:SMC) Overvalued in 2026?

Based on GuruFocus' analysis, San Miguel stock appears to be undervalued. The current stock price of ₱69.25 is trading 16.3% below its estimated GF Value™ of ₱82.76. GuruFocus considers San Miguel to be Modestly Undervalued.

Key valuation signals for PHS:SMC:

  • Total Operating Expense: ₱102,995 Mil
  • GF Value™: ₱82.76 vs. price of ₱69.25 (16.3% below fair value)
  • GF Score™: 74/100 with 5 warning signs

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

San Miguel Business Description

Address No. 40 San Miguel Avenue, P.O. Box 271, Manila Central Post Office, Metro Manila, Mandaluyong, PHL, 1550
San Miguel Corp, through its subsidiaries, operates in various reportable business segments, including food and beverage, packaging, energy, fuel and oil, infrastructure, cement, and real estate property management and development. Maximum revenue is generated from the fuel and oil segment, which is engaged in refining crude oil and marketing and distribution of refined petroleum products.
74GF Score

Get the complete analysis for PHS:SMC

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

₱69.25
Price
₱82.76
GF Value