Modern Times Group MTG ABFRA:MRTA -0.37%87 Days Payable is 40.41 as of Mar. 2026, which is 48% below its 10-year median of 77.13. GuruFocus rates FRA:MRTA with a GF Score™ of 87/100 and a GF Value™ of €15.49 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 428 Interactive Media companies, Modern Times Group MTG AB ranks worse than 65.19% 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:MRTA vs NTES, EA, TTWO: Days Payable Comparison
For the Electronic Gaming & Multimedia subindustry, Modern Times Group MTG AB'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.
Modern Times Group MTG AB Days Payable vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Modern Times Group MTG AB's Days Payable distribution charts can be found below:
* The bar in red indicates where Modern Times Group MTG AB's Days Payable falls into.
Modern Times Group MTG AB 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.
Modern Times Group MTG AB'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.
Modern Times Group MTG AB (FRA:MRTA) has a Days Payable of 40.41 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 Modern Times Group MTG AB and its competitors. This is 48% below median its historical median of 77.13. Over the past decade, Modern Times Group MTG AB's Days Payable has ranged from 36.91 to 370.35. According to the industry distribution chart, Modern Times Group MTG AB ranks #279 out of 428 companies in the Interactive Media industry, placing it in the top 65.2%.
Is Modern Times Group MTG AB's Days Payable too high?
Modern Times Group MTG AB's current Days Payable of 40.41 is 48% below median its 10-year median of 77.13. Over the past 10 years, this metric has ranged from a low of 36.91 to a high of 370.35. The Interactive Media industry median Days Payable is 65.60. Modern Times Group MTG AB's value of 40.41 is 38.4% below this industry median. Based on the distribution chart, Modern Times Group MTG AB ranks #279 out of 428 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Modern Times Group MTG AB has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Modern Times Group MTG AB's Days Payable compare to NTES and EA?
According to the Interactive Media industry distribution chart, Modern Times Group MTG AB ranks #279 out of 428 companies for Days Payable. This places Modern Times Group MTG AB in the lower half of its industry. The industry median Days Payable is 65.60. Modern Times Group MTG AB's value of 40.41 is 38.4% below this benchmark. Historically, Modern Times Group MTG AB's own Days Payable has ranged from 36.91 to 370.35 over the past decade. While the company's 10-year median is 77.13 vs. the industry median of 65.60, Modern Times Group MTG AB 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 Interactive Media company?
The median Days Payable among Interactive Media companies is 65.60, based on 428 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. Modern Times Group MTG AB's current Days Payable of 40.41 is 38.4% 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 Modern Times Group MTG AB and its competitors. For the Interactive Media industry, the median Days Payable is 65.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modern Times Group MTG AB's current Days Payable is 40.41, which is 48% below median its own 10-year median of 77.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modern Times Group MTG AB stock overvalued right now?
Based on GuruFocus' analysis, Modern Times Group MTG AB (FRA:MRTA) is currently considered Significantly Undervalued. The stock's GF Value™ is €15.49, compared to a current price of €10.84 — trading 30% below its estimated fair value. The current Days Payable is 40.41, which is 48% below median its 10-year median of 77.13 and 38.4% below the Interactive Media industry median of 65.60. Modern Times Group MTG AB's overall GF Score™ is 87/100 with 3 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 Modern Times Group MTG AB (FRA:MRTA), the current Days Payable is 40.41 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 Modern Times Group MTG AB (FRA:MRTA) Overvalued in 2026?
Based on GuruFocus' analysis, Modern Times Group MTG AB stock appears to be undervalued.
The current stock price of €10.84 is trading 30% below its estimated GF Value™ of €15.49.
GuruFocus considers Modern Times Group MTG AB to be Significantly Undervalued.
Key valuation signals for FRA:MRTA:
Days Payable: 40.41 (48% below median its 10-year median of 77.13)
GF Value™: €15.49 vs. price of €10.84 (30% below fair value)
Industry Position: 38.4% below the Interactive Media median (#279 of 428)
No single metric tells the full story. See the FRA:MRTA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Modern Times Group MTG AB owns and operates gaming companies and studios with popular IPs across a wide range of casual and mid-core genres. The company's portfolio covers a wide range of evergreen gaming franchises like RAID: Shadow Legends, Forge of Empires, Top Drives, and Bloons, as well as word games like CrossWord Jam and WordTrip. Its games generate revenues through in-app purchases, advertising, and from third-party distribution platforms. It operates in a single business segment.
87GF Score
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