Nacon (XPAR:NACON) Total Operating Expense: €114.5 Mil (TTM As of Sep. 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.

XPAR:NACON Nacon SA XPAR:NACON
48 GF Score
Price €0.16
GF Value €0.98
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Nacon Total Operating Expense?

Nacon XPAR:NACON -2.44% 48 Total Operating Expense is €114.5 Mil as of Sep. 2025. GuruFocus rates XPAR:NACON with a GF Score™ of 48/100 and a GF Value™ of €0.98 (Possible Value Trap). The stock has 4 warning signs investors should review.

Nacon's Total Operating Expense for the six months ended in Sep. 2025 was €55.1 Mil. Nacon's Total Operating Expense for the trailing twelve months (TTM) ended in Sep. 2025 was €114.5 Mil.


Nacon Total Operating Expense Related Terms


Nacon Total Operating Expense Historical Data

* Premium members only.

The historical data trend for Nacon'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.

Nacon Total Operating Expense Chart

Nacon Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only 65.91 63.44 78.52 100.01 110.42

Nacon Semi-Annual Data
Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 47.93 52.08 50.95 59.47 55.08
XPAR:NACON
48GF Score
Nacon SA XPAR:NACON
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nacon 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 Sep. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €114.5 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 €114.5 Mil mean?
Nacon (XPAR:NACON) has a Total Operating Expense of €114.5 Mil as of Sep. 2025. Total operating expense is the primary recurring expense associated with central operations. View historical data on Nacon and its competitors.
Is Nacon's Total Operating Expense too high?
Nacon's current Total Operating Expense is €114.5 Mil. Overall, Nacon has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Nacon's Total Operating Expense compare to NTES and EA?
Nacon's Total Operating Expense of €114.5 Mil can be compared against companies in the Interactive Media 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 an Interactive Media company?
A good Total Operating Expense depends on the Interactive Media 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 Nacon and its competitors. Nacon's current Total Operating Expense is €114.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nacon stock overvalued right now?
Based on GuruFocus' analysis, Nacon (XPAR:NACON) is currently considered Possible Value Trap. The stock's GF Value™ is €0.98, compared to a current price of €0.16 — trading 83.7% below its estimated fair value. The current Total Operating Expense is €114.5 Mil. Nacon's overall GF Score™ is 48/100 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 Nacon (XPAR:NACON), the current Total Operating Expense is €114.5 Mil as of Sep. 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 Nacon (XPAR:NACON) Overvalued in 2026?

Based on GuruFocus' analysis, Nacon stock appears to be undervalued. The current stock price of €0.16 is trading 83.7% below its estimated GF Value™ of €0.98. GuruFocus considers Nacon to be Possible Value Trap.

Key valuation signals for XPAR:NACON:

  • Total Operating Expense: €114.5 Mil
  • GF Value™: €0.98 vs. price of €0.16 (83.7% below fair value)
  • GF Score™: 48/100 with 4 warning signs

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


Nacon Business Description

Other Exchanges 0A9N:UK4AW:Germany
Address 396/466, Rue de la Voyette, CRT 2, Fretin, FRA, 59273
Nacon SA is engaged in the development, publishing, marketing, and distribution of video games in physical and digital formats and the design, development, manufacturing, and distribution of video game accessories. Products/services: The Group offers video game software for consoles and PC, including internally and externally developed titles, and a range of gaming accessories such as controllers and related peripherals. Segments: It operates through two main segments, comprising video games (development and publishing) and gaming accessories. The Group operates internationally, with activities covering Europe, North America, and other international markets through digital platforms, distributors, and subsidiaries.
48GF Score

Get the complete analysis for XPAR:NACON

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

€0.16
Price
€0.98
GF Value