Kardex Holding AG (FRA:KAX2) Days Inventory: 32.43 (As of Dec. 2025) — 40% Below Median


FRA:KAX2 Kardex Holding AG FRA:KAX2
95 GF Score
Price €248.00
GF Value €328.17
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Kardex Holding AG Days Inventory?

Kardex Holding AG FRA:KAX2 +2.27% 95 Days Inventory is 32.43 as of Dec. 2025, which is 40% below its 10-year median of 54.40. GuruFocus rates FRA:KAX2 with a GF Score™ of 95/100 and a GF Value™ of €328.17 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,967 Industrial Products companies, Kardex Holding AG ranks better than 91.88% on this metric.

Days Inventory is also known as Days Sales of Inventory (DSI). Kardex Holding AG's Average Total Inventories for the six months ended in Dec. 2025 was €51.0 Mil. Kardex Holding AG's Cost of Goods Sold for the six months ended in Dec. 2025 was €286.7 Mil. Hence, Kardex Holding AG's Days Inventory for the six months ended in Dec. 2025 was 32.43.

The historical rank and industry rank for Kardex Holding AG's Days Inventory or its related term are showing as below:

FRA:KAX2' s Days Inventory Range Over the Past 10 Years
Min: 39.32   Med: 54.4   Max: 70.6
Current: 39.9

During the past 13 years, Kardex Holding AG's highest Days Inventory was 70.60. The lowest was 39.32. And the median was 54.40.

FRA:KAX2's Days Inventory is ranked better than
91.88% of 2967 companies
in the Industrial Products industry
Industry Median: 119.47 vs FRA:KAX2: 39.90

Kardex Holding AG's Days Inventory declined from Dec. 2024 (36.73) to Dec. 2025 (32.43).

Inventory Turnover measures how fast the company turns over its inventory within a year. Kardex Holding AG's Inventory Turnover for the six months ended in Dec. 2025 was 5.63.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Kardex Holding AG's Inventory-to-Revenue for the six months ended in Dec. 2025 was 0.12.


Kardex Holding AG  (FRA:KAX2) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Kardex Holding AG's Inventory Turnover for the six months ended in Dec. 2025 is calculated as

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Kardex Holding AG's Inventory to Revenue for the six months ended in Dec. 2025 is calculated as

* 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.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Kardex Holding AG Days Inventory Related Terms


Kardex Holding AG Days Inventory Historical Data

* Premium members only.

The historical data trend for Kardex Holding AG's Days Inventory 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.

Kardex Holding AG Days Inventory Chart

Kardex Holding AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 58.96 66.71 69.09 62.41 50.70

Kardex Holding AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Days Inventory 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 48.62 45.55 36.73 36.86 32.43

FRA:KAX2 vs GEV, ETN, PH: Days Inventory Comparison

For the Specialty Industrial Machinery subindustry, Kardex Holding AG's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Kardex Holding AG Days Inventory vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kardex Holding AG's Days Inventory distribution charts can be found below:

* The bar in red indicates where Kardex Holding AG's Days Inventory falls into.


FRA:KAX2
95GF Score
Kardex Holding AG FRA:KAX2
Days Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
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Kardex Holding AG Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Kardex Holding AG's Days Inventory for the fiscal year that ended in Dec. 2025 is calculated as

Days Inventory (A: Dec. 2025 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2024 ) + Total Inventories (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (82.2 + 73.5) / 2 ) / 560.5*365
=77.85 / 560.5*365
=50.70

Kardex Holding AG's Days Inventory for the quarter that ended in Dec. 2025 is calculated as:

Days Inventory (Q: Dec. 2025 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2025 ) + Total Inventories (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (28.4 + 73.5) / 2 ) / 286.7*365 / 2
=50.95 / 286.7*365 / 2
=32.43

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 32.43 mean?
Kardex Holding AG (FRA:KAX2) has a Days Inventory of 32.43 as of Dec. 2025. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Kardex Holding AG and its competitors. This is 40% below median its historical median of 54.40. Over the past decade, Kardex Holding AG's Days Inventory has ranged from 39.32 to 70.60. According to the industry distribution chart, Kardex Holding AG ranks #241 out of 2967 companies in the Industrial Products industry, placing it in the top 8.1%.
Is Kardex Holding AG's Days Inventory too high?
Kardex Holding AG's current Days Inventory of 32.43 is 40% below median its 10-year median of 54.40. Over the past 10 years, this metric has ranged from a low of 39.32 to a high of 70.60. The Industrial Products industry median Days Inventory is 119.47. Kardex Holding AG's value of 32.43 is 72.9% below this industry median. Based on the distribution chart, Kardex Holding AG ranks #241 out of 2967 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Kardex Holding AG has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kardex Holding AG's Days Inventory compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Kardex Holding AG ranks #241 out of 2967 companies for Days Inventory. This places Kardex Holding AG in the top 8% of its industry — outperforming the majority of peers. The industry median Days Inventory is 119.47. Kardex Holding AG's value of 32.43 is 72.9% below this benchmark. Historically, Kardex Holding AG's own Days Inventory has ranged from 39.32 to 70.60 over the past decade. While the company's 10-year median is 54.40 vs. the industry median of 119.47, Kardex Holding AG has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for an Industrial Products company?
The median Days Inventory among Industrial Products companies is 119.47, based on 2,967 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kardex Holding AG's current Days Inventory of 32.43 is 72.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Kardex Holding AG and its competitors. For the Industrial Products industry, the median Days Inventory is 119.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kardex Holding AG's current Days Inventory is 32.43, which is 40% below median its own 10-year median of 54.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kardex Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Kardex Holding AG (FRA:KAX2) is currently considered Modestly Undervalued. The stock's GF Value™ is €328.17, compared to a current price of €248.00 — trading 24.4% below its estimated fair value. The current Days Inventory is 32.43, which is 40% below median its 10-year median of 54.40 and 72.9% below the Industrial Products industry median of 119.47. Kardex Holding AG's overall GF Score™ is 95/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Kardex Holding AG (FRA:KAX2), the current Days Inventory is 32.43 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 Kardex Holding AG (FRA:KAX2) Overvalued in 2026?

Based on GuruFocus' analysis, Kardex Holding AG stock appears to be undervalued. The current stock price of €248.00 is trading 24.4% below its estimated GF Value™ of €328.17. GuruFocus considers Kardex Holding AG to be Modestly Undervalued.

Key valuation signals for FRA:KAX2:

  • Days Inventory: 32.43 (40% below median its 10-year median of 54.40)
  • GF Value™: €328.17 vs. price of €248.00 (24.4% below fair value)
  • GF Score™: 95/100 with 3 warning signs
  • Industry Position: 72.9% below the Industrial Products median (#241 of 2967)

No single metric tells the full story. See the FRA:KAX2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kardex Holding AG Business Description

Address Thurgauerstrasse 40, Zurich, CHE, 8050
Kardex Holding AG is a partner for intralogistics solutions. The Group offers premium automated products, standardized systems, and life cycle services and provides dynamic storage and retrieval systems, integrated material handling systems, small parts storage systems including multi-shuttle technology, automated high-bay warehouses, and flexible and modular storage and order fulfillment solutions as an AutoStore partner. It is organized into two reporting segments: Automated Products, which generates maximum revenue, and Standardized Systems. Automated Products consists of the Business Unit Kardex Remstar, while Standardized Systems includes the Business Units Kardex Mlog, Kardex AS Solutions, and Rocket Solution. The company operates in Europe, the Americas, and Asia-Pacific.
95GF Score

Get the complete analysis for FRA:KAX2

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

€248.00
Price
€328.17
GF Value