VGP (VGPBF) Days Payable: 545.44 (As of Dec. 2025) — 77% Below Median


VGPBF VGP SA VGPBF
72 GF Score
Price $94.79
GF Value $165.89
Valuation Possible Value Trap
! 6 Warning Signs
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What is VGP Days Payable?

VGP VGPBF 72 Days Payable is 545.44 as of Dec. 2025, which is 77% below its 10-year median of 2,323.77. GuruFocus rates VGPBF with a GF Score™ of 72/100 and a GF Value™ of $165.89 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,573 Real Estate companies, VGP ranks better than 92.5% on this metric.

VGP's average Accounts Payable for the six months ended in Dec. 2025 was $103.3 Mil. VGP's Cost of Goods Sold for the six months ended in Dec. 2025 was $34.6 Mil. Hence, VGP's Days Payable for the six months ended in Dec. 2025 was 545.44.

The historical rank and industry rank for VGP's Days Payable or its related term are showing as below:

VGPBF' s Days Payable Range Over the Past 10 Years
Min: 803.86   Med: 2323.77   Max: 7690.76
Current: 883.12

During the past 13 years, VGP's highest Days Payable was 7690.76. The lowest was 803.86. And the median was 2323.77.

VGPBF's Days Payable is ranked better than
92.5% of 1573 companies
in the Real Estate industry
Industry Median: 94.03 vs VGPBF: 883.12

VGP's Days Payable declined from Dec. 2024 (783.82) to Dec. 2025 (545.44). It may suggest that VGP accelerated paying its suppliers.


VGP Days Payable Historical Data

* Premium members only.

The historical data trend for VGP'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.

VGP Days Payable Chart

VGP 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 3,211.43 1,671.03 1,127.58 1,141.46 764.36

VGP Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 589.08 5,619.51 783.82 3,180.13 545.44

VGPBF vs CBRE, BEKE, CSGP: Days Payable Comparison

For the Real Estate Services subindustry, VGP'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.


VGP Days Payable vs Real Estate Industry

For the Real Estate industry and Real Estate sector, VGP's Days Payable distribution charts can be found below:

* The bar in red indicates where VGP's Days Payable falls into.


VGPBF
72GF Score
VGP SA VGPBF
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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VGP 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.

VGP'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
=( (73.18 + 94.293) / 2 ) / 39.986*365
=83.7365 / 39.986*365
=764.36

VGP's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (112.4 + 94.293) / 2 ) / 34.579*365 / 2
=103.3465 / 34.579*365 / 2
=545.44

* 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 545.44 mean?
VGP (VGPBF) has a Days Payable of 545.44 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on VGP and its competitors. This is 77% below median its historical median of 2,323.77. Over the past decade, VGP's Days Payable has ranged from 803.86 to 7,690.76. According to the industry distribution chart, VGP ranks #118 out of 1573 companies in the Real Estate industry, placing it in the top 7.5%.
Is VGP's Days Payable too high?
VGP's current Days Payable of 545.44 is 77% below median its 10-year median of 2,323.77. Over the past 10 years, this metric has ranged from a low of 803.86 to a high of 7,690.76. The Real Estate industry median Days Payable is 94.03. VGP's value of 545.44 is 480.1% above this industry median. Based on the distribution chart, VGP ranks #118 out of 1573 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, VGP has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does VGP's Days Payable compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, VGP ranks #118 out of 1573 companies for Days Payable. This places VGP in the top 8% of its industry — outperforming the majority of peers. The industry median Days Payable is 94.03. VGP's value of 545.44 is 480.1% above this benchmark. Historically, VGP's own Days Payable has ranged from 803.86 to 7,690.76 over the past decade. While the company's 10-year median is 2,323.77 vs. the industry median of 94.03, VGP 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 Real Estate company?
The median Days Payable among Real Estate companies is 94.03, based on 1,573 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. VGP's current Days Payable of 545.44 is 480.1% 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 VGP and its competitors. For the Real Estate industry, the median Days Payable is 94.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VGP's current Days Payable is 545.44, which is 77% below median its own 10-year median of 2,323.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VGP stock overvalued right now?
Based on GuruFocus' analysis, VGP (VGPBF) is currently considered Possible Value Trap. The stock's GF Value™ is $165.89, compared to a current price of $94.79 — trading 42.9% below its estimated fair value. The current Days Payable is 545.44, which is 77% below median its 10-year median of 2,323.77 and 480.1% above the Real Estate industry median of 94.03. VGP's overall GF Score™ is 72/100 with 6 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 VGP (VGPBF), the current Days Payable is 545.44 as of Dec. 2025. 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 VGP (VGPBF) Overvalued in 2026?

Based on GuruFocus' analysis, VGP stock appears to be undervalued. The current stock price of $94.79 is trading 42.9% below its estimated GF Value™ of $165.89. GuruFocus considers VGP to be Possible Value Trap.

Key valuation signals for VGPBF:

  • Days Payable: 545.44 (77% below median its 10-year median of 2,323.77)
  • GF Value™: $165.89 vs. price of $94.79 (42.9% below fair value)
  • GF Score™: 72/100 with 6 warning signs
  • Industry Position: 480.1% above the Real Estate median (#118 of 1573)

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


VGP Business Description

Address Generaal Lemanstraat 55 Bus 4, B-2018 ANTWERP, Antwerp, BEL, B-2018
VGP SA is a real estate company. The company through its subsidiaries designs, constructs, and leases out logistics complexes and semi-industrial parks. Its business line includes Investment business, Property Development, and Property and asset management. The company derives the maximum rental income from the investment business. Geographically, it has a presence in Germany, Spain, Austria, the Czech Republic, Slovakia, Hungary, Latvia, and Romania.
72GF Score

Get the complete analysis for VGPBF

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

$94.79
Price
$165.89
GF Value