TVAVF (Tel Aviv Stock Exchange) Days Payable: 35.34 (As of Mar. 2026) — 13% Above Median


TVAVF Tel Aviv Stock Exchange Ltd TVAVF
74 GF Score
Price $43.26
GF Value $20.21
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Tel Aviv Stock Exchange Days Payable?

Tel Aviv Stock Exchange TVAVF -2.16% 74 Days Payable is 35.34 as of Mar. 2026, which is 13% above its 10-year median of 31.29. GuruFocus rates TVAVF with a GF Score™ of 74/100 and a GF Value™ of $20.21 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 541 Capital Markets companies, Tel Aviv Stock Exchange ranks worse than 70.79% on this metric.

Tel Aviv Stock Exchange's average Accounts Payable for the three months ended in Mar. 2026 was $7.7 Mil. Tel Aviv Stock Exchange's Cost of Goods Sold for the three months ended in Mar. 2026 was $19.9 Mil. Hence, Tel Aviv Stock Exchange's Days Payable for the three months ended in Mar. 2026 was 35.34.

The historical rank and industry rank for Tel Aviv Stock Exchange's Days Payable or its related term are showing as below:

TVAVF' s Days Payable Range Over the Past 10 Years
Min: 19.74   Med: 31.29   Max: 37.26
Current: 25.94

During the past 11 years, Tel Aviv Stock Exchange's highest Days Payable was 37.26. The lowest was 19.74. And the median was 31.29.

TVAVF's Days Payable is ranked worse than
70.79% of 541 companies
in the Capital Markets industry
Industry Median: 92.89 vs TVAVF: 25.94

Tel Aviv Stock Exchange's Days Payable increased from Mar. 2025 (16.20) to Mar. 2026 (35.34). It may suggest that Tel Aviv Stock Exchange delayed paying its suppliers.


Tel Aviv Stock Exchange Days Payable Historical Data

* Premium members only.

The historical data trend for Tel Aviv Stock Exchange'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.

Tel Aviv Stock Exchange Days Payable Chart

Tel Aviv Stock Exchange Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.41 30.45 23.32 19.74 33.91

Tel Aviv Stock Exchange Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.20 19.52 23.57 33.00 35.34

TVAVF vs SPGI, CME, ICE: Days Payable Comparison

For the Financial Data & Stock Exchanges subindustry, Tel Aviv Stock Exchange'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.


Tel Aviv Stock Exchange Days Payable vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Tel Aviv Stock Exchange's Days Payable distribution charts can be found below:

* The bar in red indicates where Tel Aviv Stock Exchange's Days Payable falls into.


TVAVF
74GF Score
Tel Aviv Stock Exchange Ltd TVAVF
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Tel Aviv Stock Exchange 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.

Tel Aviv Stock Exchange's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (3.823 + 11.306) / 2 ) / 81.429*365
=7.5645 / 81.429*365
=33.91

Tel Aviv Stock Exchange's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (11.306 + 4.148) / 2 ) / 19.949*365 / 4
=7.727 / 19.949*365 / 4
=35.34

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 35.34 mean?
Tel Aviv Stock Exchange (TVAVF) has a Days Payable of 35.34 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 Tel Aviv Stock Exchange and its competitors. This is 13% above median its historical median of 31.29. Over the past decade, Tel Aviv Stock Exchange's Days Payable has ranged from 19.74 to 37.26. According to the industry distribution chart, Tel Aviv Stock Exchange ranks #383 out of 541 companies in the Capital Markets industry, placing it in the top 70.8%.
Is Tel Aviv Stock Exchange's Days Payable too high?
Tel Aviv Stock Exchange's current Days Payable of 35.34 is 13% above median its 10-year median of 31.29. Over the past 10 years, this metric has ranged from a low of 19.74 to a high of 37.26. The Capital Markets industry median Days Payable is 92.89. Tel Aviv Stock Exchange's value of 35.34 is 62% below this industry median. Based on the distribution chart, Tel Aviv Stock Exchange ranks #383 out of 541 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Tel Aviv Stock Exchange has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tel Aviv Stock Exchange's Days Payable compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Tel Aviv Stock Exchange ranks #383 out of 541 companies for Days Payable. This places Tel Aviv Stock Exchange in the lower half of its industry. The industry median Days Payable is 92.89. Tel Aviv Stock Exchange's value of 35.34 is 62% below this benchmark. Historically, Tel Aviv Stock Exchange's own Days Payable has ranged from 19.74 to 37.26 over the past decade. While the company's 10-year median is 31.29 vs. the industry median of 92.89, Tel Aviv Stock Exchange 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 Capital Markets company?
The median Days Payable among Capital Markets companies is 92.89, based on 541 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. Tel Aviv Stock Exchange's current Days Payable of 35.34 is 62% 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 Tel Aviv Stock Exchange and its competitors. For the Capital Markets industry, the median Days Payable is 92.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tel Aviv Stock Exchange's current Days Payable is 35.34, which is 13% above median its own 10-year median of 31.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tel Aviv Stock Exchange stock overvalued right now?
Based on GuruFocus' analysis, Tel Aviv Stock Exchange (TVAVF) is currently considered Significantly Overvalued. The stock's GF Value™ is $20.21, compared to a current price of $43.26 — trading 114% above its estimated fair value. The current Days Payable is 35.34, which is 13% above median its 10-year median of 31.29 and 62% below the Capital Markets industry median of 92.89. Tel Aviv Stock Exchange's overall GF Score™ is 74/100 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 Tel Aviv Stock Exchange (TVAVF), the current Days Payable is 35.34 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 Tel Aviv Stock Exchange (TVAVF) Overvalued in 2026?

Based on GuruFocus' analysis, Tel Aviv Stock Exchange stock appears to be overvalued. The current stock price of $43.26 is trading 114% above its estimated GF Value™ of $20.21. GuruFocus considers Tel Aviv Stock Exchange to be Significantly Overvalued.

Key valuation signals for TVAVF:

  • Days Payable: 35.34 (13% above median its 10-year median of 31.29)
  • GF Value™: $20.21 vs. price of $43.26 (114% above fair value)
  • GF Score™: 74/100 with 1 warning sign
  • Industry Position: 62% below the Capital Markets median (#383 of 541)

No single metric tells the full story. See the TVAVF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tel Aviv Stock Exchange Business Description

Other Exchanges TASE:Israel
Address 2 Ahuzat Bayit Street, Yafo, Tel Aviv, ISR, 6525216
Tel Aviv Stock Exchange Ltd is engaged in managing a securities stock exchange and in related activities. The company deals in securities, indices, derivative market, securities listing, research, statistics, and others.
74GF Score

Get the complete analysis for TVAVF

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$43.26
Price
$20.21
GF Value