Warsaw Stock Exchange (FRA:WSX) Days Payable: 117.48 (As of Mar. 2026) — 63% Above Median


FRA:WSX Warsaw Stock Exchange FRA:WSX
89 GF Score
Price €20.22
GF Value €13.15
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Warsaw Stock Exchange Days Payable?

Warsaw Stock Exchange FRA:WSX +1.00% 89 Days Payable is 117.48 as of Mar. 2026, which is 63% above its 10-year median of 72.27. GuruFocus rates FRA:WSX with a GF Score™ of 89/100 and a GF Value™ of €13.15 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 541 Capital Markets companies, Warsaw Stock Exchange ranks better than 50.09% on this metric.

Warsaw Stock Exchange's average Accounts Payable for the three months ended in Mar. 2026 was €13.5 Mil. Warsaw Stock Exchange's Cost of Goods Sold for the three months ended in Mar. 2026 was €10.5 Mil. Hence, Warsaw Stock Exchange's Days Payable for the three months ended in Mar. 2026 was 117.48.

The historical rank and industry rank for Warsaw Stock Exchange's Days Payable or its related term are showing as below:

FRA:WSX' s Days Payable Range Over the Past 10 Years
Min: 36.11   Med: 72.27   Max: 95.75
Current: 93.84

During the past 13 years, Warsaw Stock Exchange's highest Days Payable was 95.75. The lowest was 36.11. And the median was 72.27.

FRA:WSX's Days Payable is ranked better than
50.09% of 541 companies
in the Capital Markets industry
Industry Median: 92.89 vs FRA:WSX: 93.84

Warsaw Stock Exchange's Days Payable increased from Mar. 2025 (90.50) to Mar. 2026 (117.48). It may suggest that Warsaw Stock Exchange delayed paying its suppliers.


Warsaw Stock Exchange Days Payable Historical Data

* Premium members only.

The historical data trend for Warsaw Stock Exchange'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.

Warsaw Stock Exchange Days Payable Chart

Warsaw Stock Exchange Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 91.70 73.91 70.61 70.42 70.56

Warsaw Stock Exchange Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 90.50 84.09 66.24 60.72 117.48

FRA:WSX vs SPGI, CME, ICE: Days Payable Comparison

For the Financial Data & Stock Exchanges subindustry, Warsaw Stock Exchange'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.


Warsaw Stock Exchange Days Payable vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Warsaw Stock Exchange's Days Payable distribution charts can be found below:

* The bar in red indicates where Warsaw Stock Exchange's Days Payable falls into.


FRA:WSX
89GF Score
Warsaw Stock Exchange FRA:WSX
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Warsaw Stock Exchange 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.

Warsaw Stock Exchange's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (6.806 + 7.692) / 2 ) / 37.497*365
=7.249 / 37.497*365
=70.56

Warsaw Stock Exchange's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (7.692 + 19.299) / 2 ) / 10.482*365 / 4
=13.4955 / 10.482*365 / 4
=117.48

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 117.48 mean?
Warsaw Stock Exchange (FRA:WSX) has a Days Payable of 117.48 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 Warsaw Stock Exchange and its competitors. This is 63% above median its historical median of 72.27. Over the past decade, Warsaw Stock Exchange's Days Payable has ranged from 36.11 to 95.75. According to the industry distribution chart, Warsaw Stock Exchange ranks #270 out of 541 companies in the Capital Markets industry, placing it in the top 49.9%.
Is Warsaw Stock Exchange's Days Payable too high?
Warsaw Stock Exchange's current Days Payable of 117.48 is 63% above median its 10-year median of 72.27. Over the past 10 years, this metric has ranged from a low of 36.11 to a high of 95.75. The Capital Markets industry median Days Payable is 92.89. Warsaw Stock Exchange's value of 117.48 is 26.5% above this industry median. Based on the distribution chart, Warsaw Stock Exchange ranks #270 out of 541 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Warsaw Stock Exchange has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Warsaw Stock Exchange's Days Payable compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Warsaw Stock Exchange ranks #270 out of 541 companies for Days Payable. This puts Warsaw Stock Exchange in the upper half of its industry. The industry median Days Payable is 92.89. Warsaw Stock Exchange's value of 117.48 is 26.5% above this benchmark. Historically, Warsaw Stock Exchange's own Days Payable has ranged from 36.11 to 95.75 over the past decade. While the company's 10-year median is 72.27 vs. the industry median of 92.89, Warsaw Stock Exchange has consistently been above 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 Capital Markets company?
The median Days Payable among Capital Markets companies is 92.89, based on 541 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. Warsaw Stock Exchange's current Days Payable of 117.48 is 26.5% above 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 Warsaw Stock Exchange and its competitors. For the Capital Markets industry, the median Days Payable is 92.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Warsaw Stock Exchange's current Days Payable is 117.48, which is 63% above median its own 10-year median of 72.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Warsaw Stock Exchange stock overvalued right now?
Based on GuruFocus' analysis, Warsaw Stock Exchange (FRA:WSX) is currently considered Significantly Overvalued. The stock's GF Value™ is €13.15, compared to a current price of €20.22 — trading 53.8% above its estimated fair value. The current Days Payable is 117.48, which is 63% above median its 10-year median of 72.27 and 26.5% above the Capital Markets industry median of 92.89. Warsaw Stock Exchange's overall GF Score™ is 89/100 with 8 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 Warsaw Stock Exchange (FRA:WSX), the current Days Payable is 117.48 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 Warsaw Stock Exchange (FRA:WSX) Overvalued in 2026?

Based on GuruFocus' analysis, Warsaw Stock Exchange stock appears to be overvalued. The current stock price of €20.22 is trading 53.8% above its estimated GF Value™ of €13.15. GuruFocus considers Warsaw Stock Exchange to be Significantly Overvalued.

Key valuation signals for FRA:WSX:

  • Days Payable: 117.48 (63% above median its 10-year median of 72.27)
  • GF Value™: €13.15 vs. price of €20.22 (53.8% above fair value)
  • GF Score™: 89/100 with 8 warning signs
  • Industry Position: 26.5% above the Capital Markets median (#270 of 541)

No single metric tells the full story. See the FRA:WSX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Warsaw Stock Exchange Business Description

Other Exchanges GPW:PolandWSX:Germany
Address ul. Ksiazeca 4, Warsaw, POL, 00-498
Warsaw Stock Exchange is a securities exchange based in Poland whose core activities include organizing exchange trading in financial instruments and activities related to such trading. The group also pursues activities in education, promotion, and information concerning the capital market. The company has traditionally generated listed interest from both local and regional European companies but primarily from small and medium-sized Polish companies. In addition to stock and bond offerings, the exchange also offers trading in debt instruments, derivatives, commodities, and structured products. Sales revenue is classified according to three main business segments: financial market, commodity market, and other.
89GF Score

Get the complete analysis for FRA:WSX

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€20.22
Price
€13.15
GF Value