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* 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:MGK vs IBM, ACN, FISV: Days Payable Comparison
For the Information Technology Services subindustry, Magic Software Enterprises'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.
Magic Software Enterprises Days Payable vs Software Industry
For the Software industry and Technology sector, Magic Software Enterprises's Days Payable distribution charts can be found below:
* The bar in red indicates where Magic Software Enterprises's Days Payable falls into.
Magic Software Enterprises 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.
* 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.
Magic Software Enterprises (FRA:MGK) has a Days Payable of 23.46 as of Sep. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Magic Software Enterprises and its competitors. This is 10% above median its historical median of 21.34. Over the past decade, Magic Software Enterprises' Days Payable has ranged from 15.70 to 27.14.
Is Magic Software Enterprises' Days Payable too high?
Magic Software Enterprises' current Days Payable of 23.46 is 10% above median its 10-year median of 21.34. Over the past 10 years, this metric has ranged from a low of 15.70 to a high of 27.14. The Software industry median Days Payable is 51.77. Magic Software Enterprises' value of 23.46 is 54.7% below this industry median. Overall, Magic Software Enterprises has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does Magic Software Enterprises' Days Payable compare to IBM and ACN?
Magic Software Enterprises' Days Payable of 23.46 can be compared against companies in the Software industry. The industry median Days Payable is 51.77. Magic Software Enterprises' value of 23.46 is 54.7% below this benchmark. Historically, Magic Software Enterprises' own Days Payable has ranged from 15.70 to 27.14 over the past decade. While the company's 10-year median is 21.34 vs. the industry median of 51.77, Magic Software Enterprises 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 a Software company?
The median Days Payable among Software companies is 51.77, based on 2,611 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. Magic Software Enterprises's current Days Payable of 23.46 is 54.7% 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 Magic Software Enterprises and its competitors. For the Software industry, the median Days Payable is 51.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Magic Software Enterprises's current Days Payable is 23.46, which is 10% above median its own 10-year median of 21.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magic Software Enterprises stock overvalued right now?
Magic Software Enterprises (FRA:MGK) has a current Days Payable of 23.46. The stock's GF Value™ is €12.26, compared to a current price of €16.10 — trading 31.3% above its estimated fair value. The current Days Payable is 23.46, which is 10% above median its 10-year median of 21.34 and 54.7% below the Software industry median of 51.77. Magic Software Enterprises' overall GF Score™ is 90/100 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 Magic Software Enterprises (FRA:MGK), the current Days Payable is 23.46 as of Sep. 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 Magic Software Enterprises (FRA:MGK) Overvalued in 2026?
Based on GuruFocus' analysis, Magic Software Enterprises stock appears to be overvalued.
The current stock price of €16.10 is trading 31.3% above its estimated GF Value™ of €12.26.
Key valuation signals for FRA:MGK:
Days Payable: 23.46 (10% above median its 10-year median of 21.34)
GF Value™: €12.26 vs. price of €16.10 (31.3% above fair value)
Industry Position: 54.7% below the Software median
No single metric tells the full story. See the FRA:MGK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Magic Software Enterprises Ltd is a software development company. The company's operating segment includes Software Services and IT Professional Services. The company generates maximum revenue from the IT Professional Services segment. IT Professional Services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, as well as supplemental outsourcing services. Geographically, it derives a majority of revenue from the United States and also has a presence in Israel, Europe, Japan, and Other countries.
90GF Score
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