Formula Systems (1985)FRA:FSY +0.57%66 Days Payable is 56.30 as of Mar. 2026, which is 61% above its 10-year median of 34.90. GuruFocus rates FRA:FSY with a GF Score™ of 66/100 and a GF Value™ of €120.75 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,604 Software companies, Formula Systems (1985) ranks worse than 52.15% on this metric.
* 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.
FRA:FSY vs IBM, ACN, FISV: Days Payable Comparison
For the Information Technology Services subindustry, Formula Systems (1985)'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.
Formula Systems (1985) Days Payable vs Software Industry
For the Software industry and Technology sector, Formula Systems (1985)'s Days Payable distribution charts can be found below:
* The bar in red indicates where Formula Systems (1985)'s Days Payable falls into.
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.
Formula Systems (1985)'s Days Payable for the fiscal year that 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.
Formula Systems (1985) (FRA:FSY) has a Days Payable of 56.30 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 Formula Systems (1985) and its competitors. This is 61% above median its historical median of 34.90. Over the past decade, Formula Systems (1985)'s Days Payable has ranged from 30.26 to 57.53. According to the industry distribution chart, Formula Systems (1985) ranks #1358 out of 2604 companies in the Software industry, placing it in the top 52.2%.
Is Formula Systems (1985)'s Days Payable too high?
Formula Systems (1985)'s current Days Payable of 56.30 is 61% above median its 10-year median of 34.90. Over the past 10 years, this metric has ranged from a low of 30.26 to a high of 57.53. The Software industry median Days Payable is 53.96. Formula Systems (1985)'s value of 56.30 is 4.3% above this industry median. Based on the distribution chart, Formula Systems (1985) ranks #1358 out of 2604 companies in the Software industry, which is below the industry midpoint. Overall, Formula Systems (1985) has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Formula Systems (1985)'s Days Payable compare to IBM and ACN?
According to the Software industry distribution chart, Formula Systems (1985) ranks #1358 out of 2604 companies for Days Payable. This places Formula Systems (1985) in the lower half of its industry. The industry median Days Payable is 53.96. Formula Systems (1985)'s value of 56.30 is 4.3% above this benchmark. Historically, Formula Systems (1985)'s own Days Payable has ranged from 30.26 to 57.53 over the past decade. While the company's 10-year median is 34.90 vs. the industry median of 53.96, Formula Systems (1985) 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 Software company?
The median Days Payable among Software companies is 53.96, based on 2,604 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. Formula Systems (1985)'s current Days Payable of 56.30 is 4.3% 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 Formula Systems (1985) and its competitors. For the Software industry, the median Days Payable is 53.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Formula Systems (1985)'s current Days Payable is 56.30, which is 61% above median its own 10-year median of 34.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Formula Systems (1985) stock overvalued right now?
Based on GuruFocus' analysis, Formula Systems (1985) (FRA:FSY) is currently considered Modestly Undervalued. The stock's GF Value™ is €120.75, compared to a current price of €87.50 — trading 27.5% below its estimated fair value. The current Days Payable is 56.30, which is 61% above median its 10-year median of 34.90 and 4.3% above the Software industry median of 53.96. Formula Systems (1985)'s overall GF Score™ is 66/100 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 Formula Systems (1985) (FRA:FSY), the current Days Payable is 56.30 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 Formula Systems (1985) (FRA:FSY) Overvalued in 2026?
Based on GuruFocus' analysis, Formula Systems (1985) stock appears to be undervalued.
The current stock price of €87.50 is trading 27.5% below its estimated GF Value™ of €120.75.
GuruFocus considers Formula Systems (1985) to be Modestly Undervalued.
Key valuation signals for FRA:FSY:
Days Payable: 56.30 (61% above median its 10-year median of 34.90)
GF Value™: €120.75 vs. price of €87.50 (27.5% below fair value)
Industry Position: 4.3% above the Software median (#1358 of 2604)
No single metric tells the full story. See the FRA:FSY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Formula Systems (1985) Ltd is an information technology company that is principally engaged through its directly and indirectly held investees in providing software consulting services, selling and marketing computer-based business solutions and hardware products from a wide range of domestic and international manufacturers, as well as developing proprietary software solutions. It delivers solutions in Israel and in numerous countries to customers with complex IT services needs. It designs and implements IT solutions and software systems that improve the productivity of customers' existing IT assets, enable them to effectively manage their operations and reduce their business risks in the face of changing business environments.
66GF Score
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