Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Patterson-UTI EnergyPTEN +1.00%60 Days Payable is 37.42 as of Jun. 2026, which is 13% above its 10-year median of 32.98. GuruFocus rates PTEN with a GF Score™ of 60/100 and a GF Value™ of $8.15 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 857 Oil & Gas companies, Patterson-UTI Energy ranks worse than 66.51% on this metric.
The historical rank and industry rank for Patterson-UTI Energy's Days Payable or its related term are showing as below:
PTEN'
s Days Payable Range Over the Past 10 Years
Min: 26.58 Med: 32.98 Max: 39.74
Current: 38.01
During the past 13 years, Patterson-UTI Energy's highest Days Payable was 39.74. The lowest was 26.58. And the median was 32.98.
PTEN's Days Payable is ranked worse than 66.51% of 857
companies
in the Oil & Gas industry
Industry Median: 59.67
vs PTEN: 38.01
Patterson-UTI Energy's Days Payable
increased
from Jun. 2025 (36.02) to Jun. 2026 (37.42).
It may suggest that Patterson-UTI Energydelayed paying its suppliers.
The historical data trend for Patterson-UTI Energy'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 Oil & Gas Drilling subindustry, Patterson-UTI Energy'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.
Patterson-UTI Energy Days Payable vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Patterson-UTI Energy's Days Payable distribution charts can be found below:
* The bar in red indicates where Patterson-UTI Energy'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.
Patterson-UTI Energy'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.
Patterson-UTI Energy (PTEN) has a Days Payable of 37.42 as of Jun. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Patterson-UTI Energy and its competitors. This is 13% above median its historical median of 32.98. Over the past decade, Patterson-UTI Energy's Days Payable has ranged from 26.58 to 39.74. According to the industry distribution chart, Patterson-UTI Energy ranks #570 out of 857 companies in the Oil & Gas industry, placing it in the top 66.5%.
Is Patterson-UTI Energy's Days Payable too high?
Patterson-UTI Energy's current Days Payable of 37.42 is 13% above median its 10-year median of 32.98. Over the past 10 years, this metric has ranged from a low of 26.58 to a high of 39.74. The Oil & Gas industry median Days Payable is 59.67. Patterson-UTI Energy's value of 37.42 is 37.3% below this industry median. Based on the distribution chart, Patterson-UTI Energy ranks #570 out of 857 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Patterson-UTI Energy has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Patterson-UTI Energy's Days Payable compare to HP and SDRL?
According to the Oil & Gas industry distribution chart, Patterson-UTI Energy ranks #570 out of 857 companies for Days Payable. This places Patterson-UTI Energy in the lower half of its industry. The industry median Days Payable is 59.67. Patterson-UTI Energy's value of 37.42 is 37.3% below this benchmark. Historically, Patterson-UTI Energy's own Days Payable has ranged from 26.58 to 39.74 over the past decade. While the company's 10-year median is 32.98 vs. the industry median of 59.67, Patterson-UTI Energy 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 Oil & Gas company?
The median Days Payable among Oil & Gas companies is 59.67, based on 857 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. Patterson-UTI Energy's current Days Payable of 37.42 is 37.3% 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 Patterson-UTI Energy and its competitors. For the Oil & Gas industry, the median Days Payable is 59.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Patterson-UTI Energy's current Days Payable is 37.42, which is 13% above median its own 10-year median of 32.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patterson-UTI Energy stock overvalued right now?
Based on GuruFocus' analysis, Patterson-UTI Energy (PTEN) is currently considered Significantly Overvalued. The stock's GF Value™ is $8.15, compared to a current price of $12.18 — trading 49.4% above its estimated fair value. The current Days Payable is 37.42, which is 13% above median its 10-year median of 32.98 and 37.3% below the Oil & Gas industry median of 59.67. Patterson-UTI Energy's overall GF Score™ is 60/100 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 Patterson-UTI Energy (PTEN), the current Days Payable is 37.42 as of Jun. 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 Patterson-UTI Energy (PTEN) Overvalued in 2026?
Based on GuruFocus' analysis, Patterson-UTI Energy stock appears to be overvalued.
The current stock price of $12.18 is trading 49.4% above its estimated GF Value™ of $8.15.
GuruFocus considers Patterson-UTI Energy to be Significantly Overvalued.
Key valuation signals for PTEN:
Days Payable: 37.42 (13% above median its 10-year median of 32.98)
GF Value™: $8.15 vs. price of $12.18 (49.4% above fair value)
Industry Position: 37.3% below the Oil & Gas median (#570 of 857)
No single metric tells the full story. See the PTEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Patterson-UTI Energy Inc is a Texas based provider of drilling and completion services to oil and natural gas exploration and production companies, offering contract drilling, integrated well completion, directional drilling services, and specialized drill bit solutions. The Company operates through three segments: Drilling Services, Completion Services, and Drilling Products. Drilling Services includes contract and directional drilling, Completion Services generates maximum revenue and includes hydraulic fracturing and related support services, and Drilling Products includes the manufacturing and distribution of drill bits. The Company operates in the United States, Canada, Colombia, and Other Countries, with the majority of revenue coming from the United States.
60GF Score
Get the complete analysis for PTEN
Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PTEN has been successfully added to your 
