PaychexFRA:PCX -0.02%81 Days Payable is 31.23 as of May. 2026, which is 32% above its 10-year median of 23.69. GuruFocus rates FRA:PCX with a GF Score™ of 81/100 and a GF Value™ of €132.07 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,601 Software companies, Paychex ranks worse than 69.55% on this metric.
Paychex's average Accounts Payable for the
three
months ended in May. 2026 was €122 Mil. Paychex's Cost of Goods Sold for the
three
months ended in May. 2026 was €357 Mil.
Hence, Paychex's Days Payable for the
three
months ended in May. 2026 was 31.23.
The historical rank and industry rank for Paychex's Days Payable or its related term are showing as below:
FRA:PCX'
s Days Payable Range Over the Past 10 Years
Min: 22.13 Med: 23.69 Max: 31.02
Current: 29.44
During the past 13 years, Paychex's highest Days Payable was 31.02. The lowest was 22.13. And the median was 23.69.
FRA:PCX's Days Payable is ranked worse than 69.55% of 2601
companies
in the Software industry
Industry Median: 54.04
vs FRA:PCX: 29.44
Paychex's Days Payable
increased
from May. 2025 (29.92) to May. 2026 (31.23).
It may suggest that Paychexdelayed paying its suppliers.
Paychex Days Payable Related Terms
Paychex Days Payable Historical Data
* Premium members only.
The historical data trend for Paychex'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 Software - Application subindustry, Paychex'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.
Paychex Days Payable vs Software Industry
For the Software industry and Technology sector, Paychex's Days Payable distribution charts can be found below:
* The bar in red indicates where Paychex'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.
Paychex's Days Payable for the fiscal year that ended in May. 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.
Paychex (FRA:PCX) has a Days Payable of 31.23 as of May. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Paychex and its competitors. This is 32% above median its historical median of 23.69. Over the past decade, Paychex's Days Payable has ranged from 22.13 to 31.02. According to the industry distribution chart, Paychex ranks #1809 out of 2601 companies in the Software industry, placing it in the top 69.6%.
Is Paychex's Days Payable too high?
Paychex's current Days Payable of 31.23 is 32% above median its 10-year median of 23.69. Over the past 10 years, this metric has ranged from a low of 22.13 to a high of 31.02. The Software industry median Days Payable is 54.04. Paychex's value of 31.23 is 42.2% below this industry median. Based on the distribution chart, Paychex ranks #1809 out of 2601 companies in the Software industry, which is below the industry midpoint. Overall, Paychex has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Paychex's Days Payable compare to WDAY and ROP?
According to the Software industry distribution chart, Paychex ranks #1809 out of 2601 companies for Days Payable. This places Paychex in the lower half of its industry. The industry median Days Payable is 54.04. Paychex's value of 31.23 is 42.2% below this benchmark. Historically, Paychex's own Days Payable has ranged from 22.13 to 31.02 over the past decade. While the company's 10-year median is 23.69 vs. the industry median of 54.04, Paychex 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 54.04, based on 2,601 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. Paychex's current Days Payable of 31.23 is 42.2% 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 Paychex and its competitors. For the Software industry, the median Days Payable is 54.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Paychex's current Days Payable is 31.23, which is 32% above median its own 10-year median of 23.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paychex stock overvalued right now?
Based on GuruFocus' analysis, Paychex (FRA:PCX) is currently considered Significantly Undervalued. The stock's GF Value™ is €132.07, compared to a current price of €84.39 — trading 36.1% below its estimated fair value. The current Days Payable is 31.23, which is 32% above median its 10-year median of 23.69 and 42.2% below the Software industry median of 54.04. Paychex's overall GF Score™ is 81/100 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 Paychex (FRA:PCX), the current Days Payable is 31.23 as of May. 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 Paychex (FRA:PCX) Overvalued in 2026?
Based on GuruFocus' analysis, Paychex stock appears to be undervalued.
The current stock price of €84.39 is trading 36.1% below its estimated GF Value™ of €132.07.
GuruFocus considers Paychex to be Significantly Undervalued.
Key valuation signals for FRA:PCX:
Days Payable: 31.23 (32% above median its 10-year median of 23.69)
GF Value™: €132.07 vs. price of €84.39 (36.1% below fair value)
Industry Position: 42.2% below the Software median (#1809 of 2601)
No single metric tells the full story. See the FRA:PCX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Paychex is a cloud-based human capital management provider offering payroll, compliance, talent management, benefits administration, and retirement services. The firm also provides HR outsourcing services, including professional employer organization, or PEO, offerings, enabling clients to reduce HR overhead. Paychex primarily targets small and midsize businesses, although its acquisition of Paycor in 2025 signals the firm's aspirations to expand into the midmarket segment, serving firms with more than 100 employees. As of fiscal 2025, Paychex has approximately 800,000 clients and manages payroll for one in 11 workers in the United States.
81GF Score
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