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* 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.
TSE:3388 vs COHR, KEYS, GRMN: Days Payable Comparison
For the Scientific & Technical Instruments subindustry, Meiji Electric Industries Co'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.
Meiji Electric Industries Co Days Payable vs Hardware Industry
For the Hardware industry and Technology sector, Meiji Electric Industries Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Meiji Electric Industries Co's Days Payable falls into.
Meiji Electric Industries Co 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.
* 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.
Meiji Electric Industries Co (TSE:3388) has a Days Payable of 42.55 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 Meiji Electric Industries Co and its competitors. This is 22% below median its historical median of 54.53. Over the past decade, Meiji Electric Industries Co's Days Payable has ranged from 45.01 to 94.63. According to the industry distribution chart, Meiji Electric Industries Co ranks #1749 out of 2445 companies in the Hardware industry, placing it in the top 71.5%.
Is Meiji Electric Industries Co's Days Payable too high?
Meiji Electric Industries Co's current Days Payable of 42.55 is 22% below median its 10-year median of 54.53. Over the past 10 years, this metric has ranged from a low of 45.01 to a high of 94.63. The Hardware industry median Days Payable is 70.06. Meiji Electric Industries Co's value of 42.55 is 39.3% below this industry median. Based on the distribution chart, Meiji Electric Industries Co ranks #1749 out of 2445 companies in the Hardware industry, which is below the industry midpoint. Overall, Meiji Electric Industries Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Meiji Electric Industries Co's Days Payable compare to COHR and KEYS?
According to the Hardware industry distribution chart, Meiji Electric Industries Co ranks #1749 out of 2445 companies for Days Payable. This places Meiji Electric Industries Co in the lower half of its industry. The industry median Days Payable is 70.06. Meiji Electric Industries Co's value of 42.55 is 39.3% below this benchmark. Historically, Meiji Electric Industries Co's own Days Payable has ranged from 45.01 to 94.63 over the past decade. While the company's 10-year median is 54.53 vs. the industry median of 70.06, Meiji Electric Industries Co 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 a Hardware company?
The median Days Payable among Hardware companies is 70.06, based on 2,445 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. Meiji Electric Industries Co's current Days Payable of 42.55 is 39.3% 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 Meiji Electric Industries Co and its competitors. For the Hardware industry, the median Days Payable is 70.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meiji Electric Industries Co's current Days Payable is 42.55, which is 22% below median its own 10-year median of 54.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meiji Electric Industries Co stock overvalued right now?
Based on GuruFocus' analysis, Meiji Electric Industries Co (TSE:3388) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,592.09, compared to a current price of 円2,205.00 — trading 38.5% above its estimated fair value. The current Days Payable is 42.55, which is 22% below median its 10-year median of 54.53 and 39.3% below the Hardware industry median of 70.06. Meiji Electric Industries Co's overall GF Score™ is 69/100 with 1 warning sign 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 Meiji Electric Industries Co (TSE:3388), the current Days Payable is 42.55 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 Meiji Electric Industries Co (TSE:3388) Overvalued in 2026?
Based on GuruFocus' analysis, Meiji Electric Industries Co stock appears to be overvalued.
The current stock price of 円2,205.00 is trading 38.5% above its estimated GF Value™ of 円1,592.09.
GuruFocus considers Meiji Electric Industries Co to be Significantly Overvalued.
Key valuation signals for TSE:3388:
Days Payable: 42.55 (22% below median its 10-year median of 54.53)
GF Value™: 円1,592.09 vs. price of 円2,205.00 (38.5% above fair value)
Industry Position: 39.3% below the Hardware median (#1749 of 2445)
No single metric tells the full story. See the TSE:3388 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meiji Electric Industries Co Ltd is a distributor of factory automation components. It also sells functional parts for electric equipment and automatic power saving electrical appliances and instruments.
69GF Score
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