MIND TechnologyFRA:MI70 -1.98%44 Days Payable is 22.16 as of Apr. 2026, which is 33% below its 10-year median of 33.20. GuruFocus rates FRA:MI70 with a GF Score™ of 44/100 and a GF Value™ of €1.16 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,436 Hardware companies, MIND Technology ranks worse than 91.05% on this metric.
The historical rank and industry rank for MIND Technology's Days Payable or its related term are showing as below:
FRA:MI70'
s Days Payable Range Over the Past 10 Years
Min: 13.84 Med: 33.2 Max: 55.01
Current: 23.83
During the past 13 years, MIND Technology's highest Days Payable was 55.01. The lowest was 13.84. And the median was 33.20.
FRA:MI70's Days Payable is ranked worse than 91.05% of 2436
companies
in the Hardware industry
Industry Median: 69.91
vs FRA:MI70: 23.83
MIND Technology's Days Payable
declined
from Apr. 2025 (47.79) to Apr. 2026 (22.16).
It may suggest that MIND Technologyaccelerated paying its suppliers.
MIND Technology Days Payable Related Terms
MIND Technology Days Payable Historical Data
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The historical data trend for MIND Technology'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.
FRA:MI70 vs LGL, ACFN, TRCK: Days Payable Comparison
For the Scientific & Technical Instruments subindustry, MIND Technology'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.
MIND Technology Days Payable vs Hardware Industry
For the Hardware industry and Technology sector, MIND Technology's Days Payable distribution charts can be found below:
* The bar in red indicates where MIND Technology'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.
MIND Technology's Days Payable for the fiscal year that ended in Jan. 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.
MIND Technology (FRA:MI70) has a Days Payable of 22.16 as of Apr. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on MIND Technology and its competitors. This is 33% below median its historical median of 33.20. Over the past decade, MIND Technology's Days Payable has ranged from 13.84 to 55.01. According to the industry distribution chart, MIND Technology ranks #2218 out of 2436 companies in the Hardware industry, placing it in the top 91.1%.
Is MIND Technology's Days Payable too high?
MIND Technology's current Days Payable of 22.16 is 33% below median its 10-year median of 33.20. Over the past 10 years, this metric has ranged from a low of 13.84 to a high of 55.01. The Hardware industry median Days Payable is 69.91. MIND Technology's value of 22.16 is 68.3% below this industry median. Based on the distribution chart, MIND Technology ranks #2218 out of 2436 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, MIND Technology has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MIND Technology's Days Payable compare to LGL and ACFN?
According to the Hardware industry distribution chart, MIND Technology ranks #2218 out of 2436 companies for Days Payable. This places MIND Technology in the lower half of its industry. The industry median Days Payable is 69.91. MIND Technology's value of 22.16 is 68.3% below this benchmark. Historically, MIND Technology's own Days Payable has ranged from 13.84 to 55.01 over the past decade. While the company's 10-year median is 33.20 vs. the industry median of 69.91, MIND Technology 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 Hardware company?
The median Days Payable among Hardware companies is 69.91, based on 2,436 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. MIND Technology's current Days Payable of 22.16 is 68.3% 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 MIND Technology and its competitors. For the Hardware industry, the median Days Payable is 69.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MIND Technology's current Days Payable is 22.16, which is 33% below median its own 10-year median of 33.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MIND Technology stock overvalued right now?
Based on GuruFocus' analysis, MIND Technology (FRA:MI70) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.16, compared to a current price of €3.96 — trading 241.4% above its estimated fair value. The current Days Payable is 22.16, which is 33% below median its 10-year median of 33.20 and 68.3% below the Hardware industry median of 69.91. MIND Technology's overall GF Score™ is 44/100 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 MIND Technology (FRA:MI70), the current Days Payable is 22.16 as of Apr. 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 MIND Technology (FRA:MI70) Overvalued in 2026?
Based on GuruFocus' analysis, MIND Technology stock appears to be overvalued.
The current stock price of €3.96 is trading 241.4% above its estimated GF Value™ of €1.16.
GuruFocus considers MIND Technology to be Significantly Overvalued.
Key valuation signals for FRA:MI70:
Days Payable: 22.16 (33% below median its 10-year median of 33.20)
GF Value™: €1.16 vs. price of €3.96 (241.4% above fair value)
Industry Position: 68.3% below the Hardware median (#2218 of 2436)
No single metric tells the full story. See the FRA:MI70 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MIND Technology Inc provides technology and solutions for exploration, survey, and defense applications in oceanographic, hydrographic, defense, seismic, and security industries. The company operates in single segment namely, Seamap which provides services and products, including engineering, repairs and software licensing, utilized in marine exploration, marine survey and maritime security for marine survey companies, seismic survey contractors, research institutes, non-military government organizations and operators of port facilities and other offshore installations. The company generates more revenue from Seamap Marine Products. The company's geographical segments include the United States; China, Norway; Turkey; Singapore; and Canada & Other.
44GF Score
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