The Swatch Group AG (STU:UHRN) Total Operating Expense: €5,107 Mil (TTM As of Jun. 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.

STU:UHRN The Swatch Group AG STU:UHRN
73 GF Score
Price €36.60
GF Value €31.59
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is The Swatch Group AG Total Operating Expense?

The Swatch Group AG STU:UHRN -1.88% 73 Total Operating Expense is €5,107 Mil as of Jun. 2026. GuruFocus rates STU:UHRN with a GF Score™ of 73/100 and a GF Value™ of €31.59 (Modestly Overvalued). The stock has 5 warning signs investors should review.

The Swatch Group AG's Total Operating Expense for the six months ended in Jun. 2026 was €2,717 Mil. The Swatch Group AG's Total Operating Expense for the trailing twelve months (TTM) ended in Jun. 2026 was €5,107 Mil.


The Swatch Group AG Total Operating Expense Related Terms


The Swatch Group AG Total Operating Expense Historical Data

* Premium members only.

The historical data trend for The Swatch Group AG'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.

The Swatch Group AG Total Operating Expense Chart

The Swatch Group AG 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 4,340.44 4,774.72 5,450.25 5,295.56 5,052.84

The Swatch Group AG Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 2,817.77 2,391.78 2,649.40 2,389.79 2,717.05
STU:UHRN
73GF Score
The Swatch Group AG STU:UHRN
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Swatch Group AG 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 Jun. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was €5,107 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 €5,107 Mil mean?
The Swatch Group AG (STU:UHRN) has a Total Operating Expense of €5,107 Mil as of Jun. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on The Swatch Group AG and its competitors.
Is The Swatch Group AG's Total Operating Expense too high?
The Swatch Group AG's current Total Operating Expense is €5,107 Mil. Overall, The Swatch Group AG has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Swatch Group AG's Total Operating Expense compare to TPR and SIG?
The Swatch Group AG's Total Operating Expense of €5,107 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Total Operating Expense depends on the Retail - Cyclical 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 The Swatch Group AG and its competitors. The Swatch Group AG's current Total Operating Expense is €5,107 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Swatch Group AG stock overvalued right now?
Based on GuruFocus' analysis, The Swatch Group AG (STU:UHRN) is currently considered Modestly Overvalued. The stock's GF Value™ is €31.59, compared to a current price of €36.60 — trading 15.9% above its estimated fair value. The current Total Operating Expense is €5,107 Mil. The Swatch Group AG's overall GF Score™ is 73/100 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 The Swatch Group AG (STU:UHRN), the current Total Operating Expense is €5,107 Mil as of Jun. 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 The Swatch Group AG (STU:UHRN) Overvalued in 2026?

Based on GuruFocus' analysis, The Swatch Group AG stock appears to be overvalued. The current stock price of €36.60 is trading 15.9% above its estimated GF Value™ of €31.59. GuruFocus considers The Swatch Group AG to be Modestly Overvalued.

Key valuation signals for STU:UHRN:

  • Total Operating Expense: €5,107 Mil
  • GF Value™: €31.59 vs. price of €36.60 (15.9% above fair value)
  • GF Score™: 73/100 with 5 warning signs

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


The Swatch Group AG Business Description

Address Seevorstadt 6, P.O Box 1232, Bienne, CHE, 2501
Swatch Group's biggest brands are Omega (number two or three in its category), Breguet, Tissot (the leader in midrange Swiss watches), and Swatch. The company employs over 32,000 people, half of them in Switzerland. We estimate Omega and Longines to be the group's most profitable brands.
73GF Score

Get the complete analysis for STU:UHRN

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

€36.60
Price
€31.59
GF Value