Ninety OneFRA:L91 +1.80%74 Days Payable is 199.62 as of Mar. 2026, which is 51% above its 10-year median of 132.39. GuruFocus rates FRA:L91 with a GF Score™ of 74/100 and a GF Value™ of €2.12. The stock has 7 warning signs investors should review. Among 480 Asset Management companies, Ninety One ranks better than 69.79% on this metric.
Ninety One's average Accounts Payable for the
six
months ended in Mar. 2026 was €211.7 Mil. Ninety One's Cost of Goods Sold for the
six
months ended in Mar. 2026 was €193.5 Mil.
Hence, Ninety One's Days Payable for the
six
months ended in Mar. 2026 was 199.62.
The historical rank and industry rank for Ninety One's Days Payable or its related term are showing as below:
FRA:L91'
s Days Payable Range Over the Past 10 Years
Min: 112.48 Med: 132.39 Max: 294.27
Current: 166.93
During the past 10 years, Ninety One's highest Days Payable was 294.27. The lowest was 112.48. And the median was 132.39.
FRA:L91's Days Payable is ranked better than 69.79% of 480
companies
in the Asset Management industry
Industry Median: 70.635
vs FRA:L91: 166.93
Ninety One's Days Payable
declined
from Mar. 2025 (225.53) to Mar. 2026 (199.62).
It may suggest that Ninety Oneaccelerated paying its suppliers.
Ninety One Days Payable Related Terms
Ninety One Days Payable Historical Data
* Premium members only.
The historical data trend for Ninety One'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 Asset Management subindustry, Ninety One'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.
Ninety One Days Payable vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Ninety One's Days Payable distribution charts can be found below:
* The bar in red indicates where Ninety One'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.
Ninety One's Days Payable for the fiscal year that ended in Mar. 2026 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.
Ninety One (FRA:L91) has a Days Payable of 199.62 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 Ninety One and its competitors. This is 51% above median its historical median of 132.39. Over the past decade, Ninety One's Days Payable has ranged from 112.48 to 294.27. According to the industry distribution chart, Ninety One ranks #145 out of 480 companies in the Asset Management industry, placing it in the top 30.2%.
Is Ninety One's Days Payable too high?
Ninety One's current Days Payable of 199.62 is 51% above median its 10-year median of 132.39. Over the past 10 years, this metric has ranged from a low of 112.48 to a high of 294.27. The Asset Management industry median Days Payable is 70.64. Ninety One's value of 199.62 is 182.6% above this industry median. Based on the distribution chart, Ninety One ranks #145 out of 480 companies in the Asset Management industry, which is above the industry midpoint. Overall, Ninety One has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Ninety One's Days Payable compare to BLK and BX?
According to the Asset Management industry distribution chart, Ninety One ranks #145 out of 480 companies for Days Payable. This puts Ninety One in the upper half of its industry. The industry median Days Payable is 70.64. Ninety One's value of 199.62 is 182.6% above this benchmark. Historically, Ninety One's own Days Payable has ranged from 112.48 to 294.27 over the past decade. While the company's 10-year median is 132.39 vs. the industry median of 70.64, Ninety One 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 an Asset Management company?
The median Days Payable among Asset Management companies is 70.64, based on 480 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. Ninety One's current Days Payable of 199.62 is 182.6% 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 Ninety One and its competitors. For the Asset Management industry, the median Days Payable is 70.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ninety One's current Days Payable is 199.62, which is 51% above median its own 10-year median of 132.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ninety One stock overvalued right now?
Ninety One (FRA:L91) has a current Days Payable of 199.62. The stock's GF Value™ is €2.12, compared to a current price of €2.26 — trading 6.6% above its estimated fair value. The current Days Payable is 199.62, which is 51% above median its 10-year median of 132.39 and 182.6% above the Asset Management industry median of 70.64. Ninety One's overall GF Score™ is 74/100 with 7 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 Ninety One (FRA:L91), the current Days Payable is 199.62 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 Ninety One (FRA:L91) Overvalued in 2026?
Based on GuruFocus' analysis, Ninety One stock appears to be overvalued.
The current stock price of €2.26 is trading 6.6% above its estimated GF Value™ of €2.12.
Key valuation signals for FRA:L91:
Days Payable: 199.62 (51% above median its 10-year median of 132.39)
GF Value™: €2.12 vs. price of €2.26 (6.6% above fair value)
Industry Position: 182.6% above the Asset Management median (#145 of 480)
No single metric tells the full story. See the FRA:L91 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ninety One Ltd is an asset manager. The company provides a range of differentiated strategies managed by its specialist investment teams, providing access to a diverse range of asset classes and regions. It serves its client base via five regional teams namely Africa, the United Kingdom, Asia Pacific, the Americas and Europe and across two distribution channels Institutional and Advisor. Institutional clients include private and public sector pension funds, sovereign wealth funds, insurers, corporates, foundations and central banks, while Advisor clients include large retail groups, wealth managers, private banks and intermediaries serving individual investors.
74GF Score
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