Bursa De Valori Bucuresti (BSE:BVB) Days Payable: 194.93 (As of Mar. 2026) — 433% Above Median


BSE:BVB Bursa De Valori Bucuresti SA BSE:BVB
100 GF Score
Price lei57.20
GF Value lei48.58
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Bursa De Valori Bucuresti Days Payable?

Bursa De Valori Bucuresti BSE:BVB +0.35% 100 Days Payable is 194.93 as of Mar. 2026, which is 433% above its 10-year median of 36.57. GuruFocus rates BSE:BVB with a GF Score™ of 100/100 and a GF Value™ of lei48.58 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 541 Capital Markets companies, Bursa De Valori Bucuresti ranks better than 63.96% on this metric.

Bursa De Valori Bucuresti's average Accounts Payable for the three months ended in Mar. 2026 was lei25.98 Mil. Bursa De Valori Bucuresti's Cost of Goods Sold for the three months ended in Mar. 2026 was lei12.16 Mil. Hence, Bursa De Valori Bucuresti's Days Payable for the three months ended in Mar. 2026 was 194.93.

The historical rank and industry rank for Bursa De Valori Bucuresti's Days Payable or its related term are showing as below:

BSE:BVB' s Days Payable Range Over the Past 10 Years
Min: 18.52   Med: 36.57   Max: 263.51
Current: 263.51

During the past 13 years, Bursa De Valori Bucuresti's highest Days Payable was 263.51. The lowest was 18.52. And the median was 36.57.

BSE:BVB's Days Payable is ranked better than
63.96% of 541 companies
in the Capital Markets industry
Industry Median: 92.89 vs BSE:BVB: 263.51

Bursa De Valori Bucuresti's Days Payable increased from Mar. 2025 (162.55) to Mar. 2026 (194.93). It may suggest that Bursa De Valori Bucuresti delayed paying its suppliers.


Bursa De Valori Bucuresti Days Payable Historical Data

* Premium members only.

The historical data trend for Bursa De Valori Bucuresti'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.

Bursa De Valori Bucuresti Days Payable Chart

Bursa De Valori Bucuresti 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 86.75 105.96 79.62 45.26 28.42

Bursa De Valori Bucuresti Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 162.55 326.37 310.96 143.34 194.93

BSE:BVB vs SPGI, CME, MCO: Days Payable Comparison

For the Financial Data & Stock Exchanges subindustry, Bursa De Valori Bucuresti'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.


Bursa De Valori Bucuresti Days Payable vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bursa De Valori Bucuresti's Days Payable distribution charts can be found below:

* The bar in red indicates where Bursa De Valori Bucuresti's Days Payable falls into.


BSE:BVB
100GF Score
Bursa De Valori Bucuresti SA BSE:BVB
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Bursa De Valori Bucuresti 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.

Bursa De Valori Bucuresti'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
=( (3.657 + 3.111) / 2 ) / 43.462*365
=3.384 / 43.462*365
=28.42

Bursa De Valori Bucuresti's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (3.111 + 48.846) / 2 ) / 12.161*365 / 4
=25.9785 / 12.161*365 / 4
=194.93

* 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 194.93 mean?
Bursa De Valori Bucuresti (BSE:BVB) has a Days Payable of 194.93 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Bursa De Valori Bucuresti and its competitors. This is 433% above median its historical median of 36.57. Over the past decade, Bursa De Valori Bucuresti's Days Payable has ranged from 18.52 to 263.51. According to the industry distribution chart, Bursa De Valori Bucuresti ranks #195 out of 541 companies in the Capital Markets industry, placing it in the top 36%.
Is Bursa De Valori Bucuresti's Days Payable too high?
Bursa De Valori Bucuresti's current Days Payable of 194.93 is 433% above median its 10-year median of 36.57. Over the past 10 years, this metric has ranged from a low of 18.52 to a high of 263.51. The Capital Markets industry median Days Payable is 92.89. Bursa De Valori Bucuresti's value of 194.93 is 109.9% above this industry median. Based on the distribution chart, Bursa De Valori Bucuresti ranks #195 out of 541 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Bursa De Valori Bucuresti has a GF Score™ of 100/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bursa De Valori Bucuresti's Days Payable compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Bursa De Valori Bucuresti ranks #195 out of 541 companies for Days Payable. This puts Bursa De Valori Bucuresti in the upper half of its industry. The industry median Days Payable is 92.89. Bursa De Valori Bucuresti's value of 194.93 is 109.9% above this benchmark. Historically, Bursa De Valori Bucuresti's own Days Payable has ranged from 18.52 to 263.51 over the past decade. While the company's 10-year median is 36.57 vs. the industry median of 92.89, Bursa De Valori Bucuresti 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. Bursa De Valori Bucuresti's current Days Payable of 194.93 is 109.9% 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 Bursa De Valori Bucuresti 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. Bursa De Valori Bucuresti's current Days Payable is 194.93, which is 433% above median its own 10-year median of 36.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bursa De Valori Bucuresti stock overvalued right now?
Based on GuruFocus' analysis, Bursa De Valori Bucuresti (BSE:BVB) is currently considered Modestly Overvalued. The stock's GF Value™ is lei48.58, compared to a current price of lei57.20 — trading 17.7% above its estimated fair value. The current Days Payable is 194.93, which is 433% above median its 10-year median of 36.57 and 109.9% above the Capital Markets industry median of 92.89. Bursa De Valori Bucuresti's overall GF Score™ is 100/100 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 Bursa De Valori Bucuresti (BSE:BVB), the current Days Payable is 194.93 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 Bursa De Valori Bucuresti (BSE:BVB) Overvalued in 2026?

Based on GuruFocus' analysis, Bursa De Valori Bucuresti stock appears to be overvalued. The current stock price of lei57.20 is trading 17.7% above its estimated GF Value™ of lei48.58. GuruFocus considers Bursa De Valori Bucuresti to be Modestly Overvalued.

Key valuation signals for BSE:BVB:

  • Days Payable: 194.93 (433% above median its 10-year median of 36.57)
  • GF Value™: lei48.58 vs. price of lei57.20 (17.7% above fair value)
  • GF Score™: 100/100 with 4 warning signs
  • Industry Position: 109.9% above the Capital Markets median (#195 of 541)

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


Bursa De Valori Bucuresti Business Description

Other Exchanges N0N:Germany
Address 4-8 Nicolae Titulescu Avenue, 1st Floor, East Wing, America House Building, District 1, Bucharest, ROU, 011141
Bursa De Valori Bucuresti SA is engaged in the management and operation of financial markets. The company operates through four business segments, including Capital Markets, Post-trading Services, Registry Services, and CCP.RO Services. The Capital Markets segment involves trading in securities and financial instruments on regulated markets. Post-trading Services include services provided after the completion of transactions until funds are received and securities are transferred to portfolios. Registry Services involve maintaining and updating shareholder registers for listed companies. CCP.RO Services relate to the implementation and operation of central counterparty activities. The majority of the company's revenue is generated from Capital Markets trading services.
100GF Score

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

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