Trade & Value AGHAM:TAV 38 Days Payable is 9.70 as of Dec. 2025, which is 30% above its 10-year median of 7.48. GuruFocus rates HAM:TAV with a GF Score™ of 38/100 and a GF Value™ of €0.46 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 484 Asset Management companies, Trade & Value AG ranks worse than 90.08% on this metric.
The historical rank and industry rank for Trade & Value AG's Days Payable or its related term are showing as below:
HAM:TAV'
s Days Payable Range Over the Past 10 Years
Min: 1.36 Med: 7.48 Max: 13.13
Current: 11.2
During the past 13 years, Trade & Value AG's highest Days Payable was 13.13. The lowest was 1.36. And the median was 7.48.
HAM:TAV's Days Payable is ranked worse than 90.08% of 484
companies
in the Asset Management industry
Industry Median: 70.53
vs HAM:TAV: 11.20
Trade & Value AG's Days Payable
increased
from Dec. 2023 (7.72) to Dec. 2025 (9.70).
It may suggest that Trade & Value AGdelayed paying its suppliers.
Trade & Value AG Days Payable Related Terms
Trade & Value AG Days Payable Historical Data
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The historical data trend for Trade & Value AG'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 Asset Management subindustry, Trade & Value 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.
Trade & Value AG Days Payable vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Trade & Value AG's Days Payable distribution charts can be found below:
* The bar in red indicates where Trade & Value 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.
Trade & Value AG'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.
Trade & Value AG (HAM:TAV) has a Days Payable of 9.70 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Trade & Value AG and its competitors. This is 30% above median its historical median of 7.48. Over the past decade, Trade & Value AG's Days Payable has ranged from 1.36 to 13.13. According to the industry distribution chart, Trade & Value AG ranks #436 out of 484 companies in the Asset Management industry, placing it in the top 90.1%.
Is Trade & Value AG's Days Payable too high?
Trade & Value AG's current Days Payable of 9.70 is 30% above median its 10-year median of 7.48. Over the past 10 years, this metric has ranged from a low of 1.36 to a high of 13.13. The Asset Management industry median Days Payable is 70.53. Trade & Value AG's value of 9.70 is 86.2% below this industry median. Based on the distribution chart, Trade & Value AG ranks #436 out of 484 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Trade & Value AG has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Trade & Value AG's Days Payable compare to BLK and BX?
According to the Asset Management industry distribution chart, Trade & Value AG ranks #436 out of 484 companies for Days Payable. This places Trade & Value AG in the lower half of its industry. The industry median Days Payable is 70.53. Trade & Value AG's value of 9.70 is 86.2% below this benchmark. Historically, Trade & Value AG's own Days Payable has ranged from 1.36 to 13.13 over the past decade. While the company's 10-year median is 7.48 vs. the industry median of 70.53, Trade & Value 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 an Asset Management company?
The median Days Payable among Asset Management companies is 70.53, based on 484 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. Trade & Value AG's current Days Payable of 9.70 is 86.2% 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 Trade & Value AG and its competitors. For the Asset Management industry, the median Days Payable is 70.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trade & Value AG's current Days Payable is 9.70, which is 30% above median its own 10-year median of 7.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trade & Value AG stock overvalued right now?
Based on GuruFocus' analysis, Trade & Value AG (HAM:TAV) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.46, compared to a current price of €1.60 — trading 247.8% above its estimated fair value. The current Days Payable is 9.70, which is 30% above median its 10-year median of 7.48 and 86.2% below the Asset Management industry median of 70.53. Trade & Value AG's overall GF Score™ is 38/100 with 2 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 Trade & Value AG (HAM:TAV), the current Days Payable is 9.70 as of Dec. 2025. 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 Trade & Value AG (HAM:TAV) Overvalued in 2026?
Based on GuruFocus' analysis, Trade & Value AG stock appears to be overvalued.
The current stock price of €1.60 is trading 247.8% above its estimated GF Value™ of €0.46.
GuruFocus considers Trade & Value AG to be Significantly Overvalued.
Key valuation signals for HAM:TAV:
Days Payable: 9.70 (30% above median its 10-year median of 7.48)
GF Value™: €0.46 vs. price of €1.60 (247.8% above fair value)
Industry Position: 86.2% below the Asset Management median (#436 of 484)
No single metric tells the full story. See the HAM:TAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Trade & Value AG is an asset management company operating in Germany. The company focuses on investing in valued companies, undervalued assets, and turnaround stocks.
38GF Score
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