Euronext Athens Holding (ATH:EXAE) Days Payable: 114.32 (As of Dec. 2025) — Near Median


ATH:EXAE Euronext Athens Holding SA ATH:EXAE
89 GF Score
Price €7.54
GF Value €8.59
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Euronext Athens Holding Days Payable?

Euronext Athens Holding ATH:EXAE +0.40% 89 Days Payable is 114.32 as of Dec. 2025, which is 5% above its 10-year median of 109.30. GuruFocus rates ATH:EXAE with a GF Score™ of 89/100 and a GF Value™ of €8.59 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 541 Capital Markets companies, Euronext Athens Holding ranks better than 51.94% on this metric.

Euronext Athens Holding's average Accounts Payable for the three months ended in Dec. 2025 was €6.71 Mil. Euronext Athens Holding's Cost of Goods Sold for the three months ended in Dec. 2025 was €5.35 Mil. Hence, Euronext Athens Holding's Days Payable for the three months ended in Dec. 2025 was 114.32.

The historical rank and industry rank for Euronext Athens Holding's Days Payable or its related term are showing as below:

ATH:EXAE' s Days Payable Range Over the Past 10 Years
Min: 83.28   Med: 109.3   Max: 117.15
Current: 105.5

During the past 13 years, Euronext Athens Holding's highest Days Payable was 117.15. The lowest was 83.28. And the median was 109.30.

ATH:EXAE's Days Payable is ranked better than
51.94% of 541 companies
in the Capital Markets industry
Industry Median: 92.89 vs ATH:EXAE: 105.50

Euronext Athens Holding's Days Payable increased from Dec. 2024 (111.82) to Dec. 2025 (114.32). It may suggest that Euronext Athens Holding delayed paying its suppliers.


Euronext Athens Holding Days Payable Historical Data

* Premium members only.

The historical data trend for Euronext Athens Holding's Days Payable 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.

Euronext Athens Holding Days Payable Chart

Euronext Athens Holding Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 116.11 83.28 95.59 117.15 106.49

Euronext Athens Holding Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Days Payable 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 111.82 112.92 117.46 83.31 114.32

ATH:EXAE vs SPGI, CME, ICE: Days Payable Comparison

For the Financial Data & Stock Exchanges subindustry, Euronext Athens Holding's Days Payable, along with its competitors' market caps and Days Payable 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.


Euronext Athens Holding Days Payable vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Euronext Athens Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Euronext Athens Holding's Days Payable falls into.


ATH:EXAE
89GF Score
Euronext Athens Holding SA ATH:EXAE
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Euronext Athens Holding Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Euronext Athens Holding's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (5.316 + 7.564) / 2 ) / 22.074*365
=6.44 / 22.074*365
=106.49

Euronext Athens Holding's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (5.846 + 7.564) / 2 ) / 5.352*365 / 4
=6.705 / 5.352*365 / 4
=114.32

* 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 Payable →
What does a Days Payable of 114.32 mean?
Euronext Athens Holding (ATH:EXAE) has a Days Payable of 114.32 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Euronext Athens Holding and its competitors. This is near median its historical median of 109.30. Over the past decade, Euronext Athens Holding's Days Payable has ranged from 83.28 to 117.15. According to the industry distribution chart, Euronext Athens Holding ranks #260 out of 541 companies in the Capital Markets industry, placing it in the top 48.1%.
Is Euronext Athens Holding's Days Payable too high?
Euronext Athens Holding's current Days Payable of 114.32 is near median its 10-year median of 109.30. Over the past 10 years, this metric has ranged from a low of 83.28 to a high of 117.15. The Capital Markets industry median Days Payable is 92.89. Euronext Athens Holding's value of 114.32 is 23.1% above this industry median. Based on the distribution chart, Euronext Athens Holding ranks #260 out of 541 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Euronext Athens Holding has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Euronext Athens Holding's Days Payable compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Euronext Athens Holding ranks #260 out of 541 companies for Days Payable. This puts Euronext Athens Holding in the upper half of its industry. The industry median Days Payable is 92.89. Euronext Athens Holding's value of 114.32 is 23.1% above this benchmark. Historically, Euronext Athens Holding's own Days Payable has ranged from 83.28 to 117.15 over the past decade. While the company's 10-year median is 109.30 vs. the industry median of 92.89, Euronext Athens Holding has consistently been above 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 Payable for a Capital Markets company?
The median Days Payable among Capital Markets companies is 92.89, based on 541 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Euronext Athens Holding's current Days Payable of 114.32 is 23.1% above 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 Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Euronext Athens Holding and its competitors. For the Capital Markets industry, the median Days Payable is 92.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Euronext Athens Holding's current Days Payable is 114.32, which is near median its own 10-year median of 109.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Euronext Athens Holding stock overvalued right now?
Based on GuruFocus' analysis, Euronext Athens Holding (ATH:EXAE) is currently considered Modestly Undervalued. The stock's GF Value™ is €8.59, compared to a current price of €7.54 — trading 12.2% below its estimated fair value. The current Days Payable is 114.32, which is near median its 10-year median of 109.30 and 23.1% above the Capital Markets industry median of 92.89. Euronext Athens Holding's overall GF Score™ is 89/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Euronext Athens Holding (ATH:EXAE), the current Days Payable is 114.32 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 Euronext Athens Holding (ATH:EXAE) Overvalued in 2026?

Based on GuruFocus' analysis, Euronext Athens Holding stock appears to be undervalued. The current stock price of €7.54 is trading 12.2% below its estimated GF Value™ of €8.59. GuruFocus considers Euronext Athens Holding to be Modestly Undervalued.

Key valuation signals for ATH:EXAE:

  • Days Payable: 114.32 (near median its 10-year median of 109.30)
  • GF Value™: €8.59 vs. price of €7.54 (12.2% below fair value)
  • GF Score™: 89/100 with 4 warning signs
  • Industry Position: 23.1% above the Capital Markets median (#260 of 541)

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


Euronext Athens Holding Business Description

Other Exchanges HEXEY:USAHEE:Germany
Address 110 Athinon Avenue, Athens, GRC, 10442
Euronext Athens Holding SA operates the Greek capital market, offering trading, clearing, settlement, and registry services for equities, derivatives, bonds, and energy markets.
89GF Score

Get the complete analysis for ATH:EXAE

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

€7.54
Price
€8.59
GF Value