Illinois Tool WorksFRA:ILT +0.34%85 Days Payable is 22.74 as of Mar. 2026, which is 1% below its 10-year median of 22.92. GuruFocus rates FRA:ILT with a GF Score™ of 85/100 and a GF Value™ of €233.67 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,997 Industrial Products companies, Illinois Tool Works ranks worse than 92.09% on this metric.
The historical rank and industry rank for Illinois Tool Works's Days Payable or its related term are showing as below:
FRA:ILT'
s Days Payable Range Over the Past 10 Years
Min: 21.18 Med: 22.92 Max: 24.89
Current: 23.73
During the past 13 years, Illinois Tool Works's highest Days Payable was 24.89. The lowest was 21.18. And the median was 22.92.
FRA:ILT's Days Payable is ranked worse than 92.09% of 2997
companies
in the Industrial Products industry
Industry Median: 77.54
vs FRA:ILT: 23.73
Illinois Tool Works's Days Payable
declined
from Mar. 2025 (23.85) to Mar. 2026 (22.74).
It may suggest that Illinois Tool Worksaccelerated paying its suppliers.
Illinois Tool Works Days Payable Related Terms
Illinois Tool Works Days Payable Historical Data
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The historical data trend for Illinois Tool Works'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.
For the Specialty Industrial Machinery subindustry, Illinois Tool Works'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.
Illinois Tool Works Days Payable vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Illinois Tool Works's Days Payable distribution charts can be found below:
* The bar in red indicates where Illinois Tool Works'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.
Illinois Tool Works'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.
Illinois Tool Works (FRA:ILT) has a Days Payable of 22.74 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 Illinois Tool Works and its competitors. This is near median its historical median of 22.92. Over the past decade, Illinois Tool Works' Days Payable has ranged from 21.18 to 24.89. According to the industry distribution chart, Illinois Tool Works ranks #2760 out of 2997 companies in the Industrial Products industry, placing it in the top 92.1%.
Is Illinois Tool Works' Days Payable too high?
Illinois Tool Works' current Days Payable of 22.74 is near median its 10-year median of 22.92. Over the past 10 years, this metric has ranged from a low of 21.18 to a high of 24.89. The Industrial Products industry median Days Payable is 77.54. Illinois Tool Works' value of 22.74 is 70.7% below this industry median. Based on the distribution chart, Illinois Tool Works ranks #2760 out of 2997 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Illinois Tool Works has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Illinois Tool Works' Days Payable compare to EMR and CMI?
According to the Industrial Products industry distribution chart, Illinois Tool Works ranks #2760 out of 2997 companies for Days Payable. This places Illinois Tool Works in the lower half of its industry. The industry median Days Payable is 77.54. Illinois Tool Works' value of 22.74 is 70.7% below this benchmark. Historically, Illinois Tool Works' own Days Payable has ranged from 21.18 to 24.89 over the past decade. While the company's 10-year median is 22.92 vs. the industry median of 77.54, Illinois Tool Works 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 Payable for an Industrial Products company?
The median Days Payable among Industrial Products companies is 77.54, based on 2,997 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. Illinois Tool Works's current Days Payable of 22.74 is 70.7% 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 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 Illinois Tool Works and its competitors. For the Industrial Products industry, the median Days Payable is 77.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Illinois Tool Works's current Days Payable is 22.74, which is near median its own 10-year median of 22.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Illinois Tool Works stock overvalued right now?
Based on GuruFocus' analysis, Illinois Tool Works (FRA:ILT) is currently considered Fairly Valued. The stock's GF Value™ is €233.67, compared to a current price of €235.20 — trading 0.7% above its estimated fair value. The current Days Payable is 22.74, which is near median its 10-year median of 22.92 and 70.7% below the Industrial Products industry median of 77.54. Illinois Tool Works' overall GF Score™ is 85/100 with 1 warning sign 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 Illinois Tool Works (FRA:ILT), the current Days Payable is 22.74 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 Illinois Tool Works (FRA:ILT) Overvalued in 2026?
Based on GuruFocus' analysis, Illinois Tool Works stock appears to be overvalued.
The current stock price of €235.20 is trading 0.7% above its estimated GF Value™ of €233.67.
GuruFocus considers Illinois Tool Works to be Fairly Valued.
Key valuation signals for FRA:ILT:
Days Payable: 22.74 (near median its 10-year median of 22.92)
GF Value™: €233.67 vs. price of €235.20 (0.7% above fair value)
Industry Position: 70.7% below the Industrial Products median (#2760 of 2997)
No single metric tells the full story. See the FRA:ILT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1912, Illinois Tool Works has become a diversified industrial manufacturer through acquisitions and innovations that follow customer needs. ITW operates through seven business segments, with no segment representing more than one-fifth of revenue. ITW's automotive OEM segment sells vehicle components; its food equipment segment sells commercial kitchen appliances; its test and measurement and electronics segment sells inspection and analysis equipment; its welding segment sells welding equipment and consumables; its polymers and fluids segment sells industrial and consumer adhesives, solvents, and coatings; its construction products segment sells building fasteners and tools; and its specialty products segment sells medical, packaging, HVAC, and airport ground equipment.
85GF Score
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