PDD HoldingsMEX:PDDN +8.20%64 Days Payable is 239.36 as of Mar. 2026, which is 68% below its 10-year median of 750.09. GuruFocus rates MEX:PDDN with a GF Score™ of 64/100 and a GF Value™ of MXN2,696.17 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,098 Retail - Cyclical companies, PDD Holdings ranks better than 90.62% on this metric.
PDD Holdings's average Accounts Payable for the
three
months ended in Mar. 2026 was MXN321,835 Mil. PDD Holdings's Cost of Goods Sold for the
three
months ended in Mar. 2026 was MXN122,692 Mil.
Hence, PDD Holdings's Days Payable for the
three
months ended in Mar. 2026 was 239.36.
The historical rank and industry rank for PDD Holdings's Days Payable or its related term are showing as below:
MEX:PDDN'
s Days Payable Range Over the Past 10 Years
Min: 200.79 Med: 750.09 Max: 2755.57
Current: 200.79
During the past 10 years, PDD Holdings's highest Days Payable was 2755.57. The lowest was 200.79. And the median was 750.09.
MEX:PDDN's Days Payable is ranked better than 90.62% of 1098
companies
in the Retail - Cyclical industry
Industry Median: 51.755
vs MEX:PDDN: 200.79
PDD Holdings's Days Payable
increased
from Mar. 2025 (238.74) to Mar. 2026 (239.36).
It may suggest that PDD Holdingsdelayed paying its suppliers.
PDD Holdings Days Payable Related Terms
PDD Holdings Days Payable Historical Data
* Premium members only.
The historical data trend for PDD Holdings'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.
MEX:PDDN vs MELI, DASH, SE: Days Payable Comparison
For the Internet Retail subindustry, PDD Holdings'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.
PDD Holdings Days Payable vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, PDD Holdings's Days Payable distribution charts can be found below:
* The bar in red indicates where PDD Holdings'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.
PDD Holdings'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.
PDD Holdings (MEX:PDDN) has a Days Payable of 239.36 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 PDD Holdings and its competitors. This is 68% below median its historical median of 750.09. Over the past decade, PDD Holdings' Days Payable has ranged from 200.79 to 2,755.57. According to the industry distribution chart, PDD Holdings ranks #103 out of 1098 companies in the Retail - Cyclical industry, placing it in the top 9.4%.
Is PDD Holdings' Days Payable too high?
PDD Holdings' current Days Payable of 239.36 is 68% below median its 10-year median of 750.09. Over the past 10 years, this metric has ranged from a low of 200.79 to a high of 2,755.57. The Retail - Cyclical industry median Days Payable is 51.76. PDD Holdings' value of 239.36 is 362.5% above this industry median. Based on the distribution chart, PDD Holdings ranks #103 out of 1098 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, PDD Holdings has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PDD Holdings' Days Payable compare to MELI and DASH?
According to the Retail - Cyclical industry distribution chart, PDD Holdings ranks #103 out of 1098 companies for Days Payable. This places PDD Holdings in the top 9% of its industry — outperforming the majority of peers. The industry median Days Payable is 51.76. PDD Holdings' value of 239.36 is 362.5% above this benchmark. Historically, PDD Holdings' own Days Payable has ranged from 200.79 to 2,755.57 over the past decade. While the company's 10-year median is 750.09 vs. the industry median of 51.76, PDD Holdings 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 Retail - Cyclical company?
The median Days Payable among Retail - Cyclical companies is 51.76, based on 1,098 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. PDD Holdings's current Days Payable of 239.36 is 362.5% 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 PDD Holdings and its competitors. For the Retail - Cyclical industry, the median Days Payable is 51.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PDD Holdings's current Days Payable is 239.36, which is 68% below median its own 10-year median of 750.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PDD Holdings stock overvalued right now?
Based on GuruFocus' analysis, PDD Holdings (MEX:PDDN) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN2,696.17, compared to a current price of MXN1,445.57 — trading 46.4% below its estimated fair value. The current Days Payable is 239.36, which is 68% below median its 10-year median of 750.09 and 362.5% above the Retail - Cyclical industry median of 51.76. PDD Holdings' overall GF Score™ is 64/100 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 PDD Holdings (MEX:PDDN), the current Days Payable is 239.36 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 PDD Holdings (MEX:PDDN) Overvalued in 2026?
Based on GuruFocus' analysis, PDD Holdings stock appears to be undervalued.
The current stock price of MXN1,445.57 is trading 46.4% below its estimated GF Value™ of MXN2,696.17.
GuruFocus considers PDD Holdings to be Significantly Undervalued.
Key valuation signals for MEX:PDDN:
Days Payable: 239.36 (68% below median its 10-year median of 750.09)
GF Value™: MXN2,696.17 vs. price of MXN1,445.57 (46.4% below fair value)
Industry Position: 362.5% above the Retail - Cyclical median (#103 of 1098)
No single metric tells the full story. See the MEX:PDDN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PDD Holdings operates commerce businesses globally. Its main operations are Pinduoduo, a social commerce platform in China, and Temu, a global e-commerce marketplace. PDD also has a community group purchase business in China. PDD has built a network of sourcing, logistics, and fulfillment capabilities that support its underlying businesses. PDD has also started its first-party brand business for global markets.
64GF Score
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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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