ERG SpAMIL:ERG +0.43%78 Days Payable is 2,342.54 as of Mar. 2026, which is 658% above its 10-year median of 308.97. GuruFocus rates MIL:ERG with a GF Score™ of 78/100 and a GF Value™ of €24.38 (Fairly Valued). The stock has 7 warning signs investors should review. Among 390 Utilities - Independent Power Producers companies, ERG SpA ranks better than 82.31% on this metric.
ERG SpA's average Accounts Payable for the
three
months ended in Mar. 2026 was €77.0 Mil. ERG SpA's Cost of Goods Sold for the
three
months ended in Mar. 2026 was €3.0 Mil.
Hence, ERG SpA's Days Payable for the
three
months ended in Mar. 2026 was 2,342.54.
The historical rank and industry rank for ERG SpA's Days Payable or its related term are showing as below:
MIL:ERG'
s Days Payable Range Over the Past 10 Years
Min: 92.43 Med: 308.97 Max: 1513.34
Current: 305.42
During the past 13 years, ERG SpA's highest Days Payable was 1513.34. The lowest was 92.43. And the median was 308.97.
ERG SpA's Days Payable
declined
from Mar. 2025 (3,758.01) to Mar. 2026 (2,342.54).
It may suggest that ERG SpAaccelerated paying its suppliers.
ERG SpA Days Payable Related Terms
ERG SpA Days Payable Historical Data
* Premium members only.
The historical data trend for ERG SpA'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 Utilities - Renewable subindustry, ERG SpA'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.
ERG SpA Days Payable vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, ERG SpA's Days Payable distribution charts can be found below:
* The bar in red indicates where ERG SpA'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.
ERG SpA'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.
ERG SpA (MIL:ERG) has a Days Payable of 2,342.54 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 ERG SpA and its competitors. This is 658% above median its historical median of 308.97. Over the past decade, ERG SpA's Days Payable has ranged from 92.43 to 1,513.34. According to the industry distribution chart, ERG SpA ranks #69 out of 390 companies in the Utilities - Independent Power Producers industry, placing it in the top 17.7%.
Is ERG SpA's Days Payable too high?
ERG SpA's current Days Payable of 2,342.54 is 658% above median its 10-year median of 308.97. Over the past 10 years, this metric has ranged from a low of 92.43 to a high of 1,513.34. The Utilities - Independent Power Producers industry median Days Payable is 79.64. ERG SpA's value of 2,342.54 is 2841.4% above this industry median. Based on the distribution chart, ERG SpA ranks #69 out of 390 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, ERG SpA has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ERG SpA's Days Payable compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, ERG SpA ranks #69 out of 390 companies for Days Payable. This places ERG SpA in the top 18% of its industry — outperforming the majority of peers. The industry median Days Payable is 79.64. ERG SpA's value of 2,342.54 is 2841.4% above this benchmark. Historically, ERG SpA's own Days Payable has ranged from 92.43 to 1,513.34 over the past decade. While the company's 10-year median is 308.97 vs. the industry median of 79.64, ERG SpA 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 an Utilities - Independent Power Producers company?
The median Days Payable among Utilities - Independent Power Producers companies is 79.64, based on 390 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. ERG SpA's current Days Payable of 2,342.54 is 2841.4% 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 ERG SpA and its competitors. For the Utilities - Independent Power Producers industry, the median Days Payable is 79.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ERG SpA's current Days Payable is 2,342.54, which is 658% above median its own 10-year median of 308.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ERG SpA stock overvalued right now?
Based on GuruFocus' analysis, ERG SpA (MIL:ERG) is currently considered Fairly Valued. The stock's GF Value™ is €24.38, compared to a current price of €23.58 — trading 3.3% below its estimated fair value. The current Days Payable is 2,342.54, which is 658% above median its 10-year median of 308.97 and 2841.4% above the Utilities - Independent Power Producers industry median of 79.64. ERG SpA's overall GF Score™ is 78/100 with 7 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 ERG SpA (MIL:ERG), the current Days Payable is 2,342.54 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 ERG SpA (MIL:ERG) Overvalued in 2026?
Based on GuruFocus' analysis, ERG SpA stock appears to be undervalued.
The current stock price of €23.58 is trading 3.3% below its estimated GF Value™ of €24.38.
GuruFocus considers ERG SpA to be Fairly Valued.
Key valuation signals for MIL:ERG:
Days Payable: 2,342.54 (658% above median its 10-year median of 308.97)
GF Value™: €24.38 vs. price of €23.58 (3.3% below fair value)
Industry Position: 2841.4% above the Utilities - Independent Power Producers median (#69 of 390)
No single metric tells the full story. See the MIL:ERG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ERG SpA produces electricity from clean, renewable, and sustainable sources. Its energy comes from the combination of natural resources such as wind and sun. The company produces wind power, and electricity as a hydroelectric operator to markets across Europe. Electricity is also generated from natural gas operations located in Italy. ERG's wind power production is handled by subsidiary ENG Renew which focuses on developing, building, and operating wind assets. Hydropower and natural gas operations are split off into ERG Power Generation. The company's hydro assets include plants, dams, reservoirs, and a pumping station. Electricity from the plant is either fed into Italy's national grid or used to power other industrial plants.
78GF Score
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