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Tick Trading Software AGFRA:TBX0 78 Days Payable is 12.21 as of Mar. 2026, which is 12% below its 10-year median of 13.83. GuruFocus rates FRA:TBX0 with a GF Score™ of 78/100 and a GF Value™ of €8.16 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,608 Software companies, Tick Trading Software AG ranks worse than 89.61% 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:TBX0 vs CRM, SHOP, UBER: Days Payable Comparison
For the Software - Application subindustry, Tick Trading Software AG'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.
Tick Trading Software AG Days Payable vs Software Industry
For the Software industry and Technology sector, Tick Trading Software AG's Days Payable distribution charts can be found below:
* The bar in red indicates where Tick Trading Software AG'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.
Tick Trading Software AG's Days Payable for the fiscal year that ended in Sep. 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.
Tick Trading Software AG (FRA:TBX0) has a Days Payable of 12.21 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 Tick Trading Software AG and its competitors. This is 12% below median its historical median of 13.83. Over the past decade, Tick Trading Software AG's Days Payable has ranged from 9.28 to 31.16. According to the industry distribution chart, Tick Trading Software AG ranks #2337 out of 2608 companies in the Software industry, placing it in the top 89.6%.
Is Tick Trading Software AG's Days Payable too high?
Tick Trading Software AG's current Days Payable of 12.21 is 12% below median its 10-year median of 13.83. Over the past 10 years, this metric has ranged from a low of 9.28 to a high of 31.16. The Software industry median Days Payable is 52.79. Tick Trading Software AG's value of 12.21 is 76.9% below this industry median. Based on the distribution chart, Tick Trading Software AG ranks #2337 out of 2608 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Tick Trading Software AG has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tick Trading Software AG's Days Payable compare to CRM and SHOP?
According to the Software industry distribution chart, Tick Trading Software AG ranks #2337 out of 2608 companies for Days Payable. This places Tick Trading Software AG in the lower half of its industry. The industry median Days Payable is 52.79. Tick Trading Software AG's value of 12.21 is 76.9% below this benchmark. Historically, Tick Trading Software AG's own Days Payable has ranged from 9.28 to 31.16 over the past decade. While the company's 10-year median is 13.83 vs. the industry median of 52.79, Tick Trading Software AG 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 52.79, based on 2,608 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. Tick Trading Software AG's current Days Payable of 12.21 is 76.9% 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 Tick Trading Software AG and its competitors. For the Software industry, the median Days Payable is 52.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tick Trading Software AG's current Days Payable is 12.21, which is 12% below median its own 10-year median of 13.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tick Trading Software AG stock overvalued right now?
Based on GuruFocus' analysis, Tick Trading Software AG (FRA:TBX0) is currently considered Modestly Undervalued. The stock's GF Value™ is €8.16, compared to a current price of €7.25 — trading 11.2% below its estimated fair value. The current Days Payable is 12.21, which is 12% below median its 10-year median of 13.83 and 76.9% below the Software industry median of 52.79. Tick Trading Software AG's overall GF Score™ is 78/100 with 5 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 Tick Trading Software AG (FRA:TBX0), the current Days Payable is 12.21 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 Tick Trading Software AG (FRA:TBX0) Overvalued in 2026?
Based on GuruFocus' analysis, Tick Trading Software AG stock appears to be undervalued.
The current stock price of €7.25 is trading 11.2% below its estimated GF Value™ of €8.16.
GuruFocus considers Tick Trading Software AG to be Modestly Undervalued.
Key valuation signals for FRA:TBX0:
Days Payable: 12.21 (12% below median its 10-year median of 13.83)
GF Value™: €8.16 vs. price of €7.25 (11.2% below fair value)
Industry Position: 76.9% below the Software median (#2337 of 2608)
No single metric tells the full story. See the FRA:TBX0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tick Trading Software AG develops and distributes software packages for professional trading. The company's products are the TBMX Trading Platform, tick-TS Cloud, e-Trading Compliance Monitor, and others. tick Trading Software AG is active in the field of programming IT software; The focus here is on the programming of EDP software in the financial services segment (stock market software, trading software, etc.). In addition, it offers its customers "Software as a Service" housing and hosting of complex server systems for stock exchange trading in combination with its software solutions.
78GF Score
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