Narrative Update • Jun 26
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Israeli (TA) Market Analysis & Valuation
UpdatedJun 28, 2026
DataAggregated Company Financials
Companies494
- 7D-2.1%
- 3M-3.3%
- 1Y17.2%
- YTD-0.9%
Over the last 7 days, the market has dropped 2.1%, driven by a loss of 5.3% in the Industrials sector. In the last year, the market is actually up 17%. Earnings are forecast to grow by 13% annually.
Market Valuation and Performance
Has the Israeli Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 28 Jun 2026 | ₪1.5t | ₪758.1b | ₪94.3b | 14.9x | 16.4x | 2x |
| Tue, 26 May 2026 | ₪1.7t | ₪741.4b | ₪93.4b | 16.6x | 18.6x | 2.3x |
| Thu, 23 Apr 2026 | ₪1.7t | ₪744.1b | ₪94.7b | 16.7x | 18x | 2.3x |
| Sat, 21 Mar 2026 | ₪1.7t | ₪805.0b | ₪89.4b | 16.3x | 19.1x | 2.1x |
| Mon, 16 Feb 2026 | ₪1.7t | ₪803.0b | ₪87.5b | 16.7x | 19.1x | 2.1x |
| Wed, 14 Jan 2026 | ₪1.6t | ₪804.9b | ₪87.3b | 16.8x | 18.2x | 2x |
| Fri, 12 Dec 2025 | ₪1.5t | ₪804.9b | ₪88.2b | 15.4x | 16.6x | 1.8x |
| Sun, 09 Nov 2025 | ₪1.4t | ₪801.9b | ₪85.1b | 16x | 16.3x | 1.7x |
| Tue, 07 Oct 2025 | ₪1.3t | ₪802.4b | ₪85.1b | 15.2x | 15.8x | 1.7x |
| Thu, 04 Sep 2025 | ₪1.3t | ₪799.7b | ₪84.9b | 15.1x | 15.1x | 1.6x |
| Sat, 02 Aug 2025 | ₪1.3t | ₪790.3b | ₪81.5b | 15.9x | 15.9x | 1.6x |
| Mon, 30 Jun 2025 | ₪1.2t | ₪787.7b | ₪81.1b | 15.3x | 15.2x | 1.6x |
| Wed, 28 May 2025 | ₪1.1t | ₪793.0b | ₪80.8b | 14.2x | 13.8x | 1.4x |
| Fri, 25 Apr 2025 | ₪1.1t | ₪789.9b | ₪79.9b | 13.9x | 13.3x | 1.3x |
| Sun, 23 Mar 2025 | ₪1.0t | ₪790.2b | ₪75.1b | 13.7x | 14x | 1.3x |
| Tue, 18 Feb 2025 | ₪1.1t | ₪773.4b | ₪70.5b | 14.9x | 15.1x | 1.4x |
| Thu, 16 Jan 2025 | ₪1.0t | ₪774.1b | ₪69.9b | 14.5x | 14.8x | 1.3x |
| Sat, 14 Dec 2024 | ₪978.0b | ₪771.6b | ₪69.7b | 13.6x | 14x | 1.3x |
| Mon, 11 Nov 2024 | ₪913.2b | ₪747.4b | ₪64.8b | 12.8x | 14.1x | 1.2x |
| Wed, 09 Oct 2024 | ₪821.8b | ₪748.7b | ₪64.0b | 11.6x | 12.8x | 1.1x |
| Fri, 06 Sep 2024 | ₪835.0b | ₪772.0b | ₪64.9b | 11.6x | 12.9x | 1.1x |
| Sun, 04 Aug 2024 | ₪781.0b | ₪774.2b | ₪60.9b | 11.8x | 12.8x | 1x |
| Tue, 02 Jul 2024 | ₪761.1b | ₪770.9b | ₪60.7b | 11.4x | 12.5x | 1x |
| Thu, 30 May 2024 | ₪797.7b | ₪754.3b | ₪57.7b | 11.9x | 13.8x | 1.1x |
| Sat, 27 Apr 2024 | ₪817.9b | ₪755.9b | ₪59.2b | 12.1x | 13.8x | 1.1x |
| Mon, 25 Mar 2024 | ₪856.2b | ₪747.3b | ₪54.6b | 12.6x | 15.7x | 1.1x |
| Wed, 21 Feb 2024 | ₪815.9b | ₪748.4b | ₪55.7b | 12x | 14.7x | 1.1x |
| Fri, 19 Jan 2024 | ₪801.5b | ₪757.5b | ₪56.0b | 11.4x | 14.3x | 1.1x |
| Sun, 17 Dec 2023 | ₪785.0b | ₪753.6b | ₪56.4b | 10.4x | 13.9x | 1x |
| Tue, 14 Nov 2023 | ₪720.1b | ₪749.5b | ₪62.4b | 9.8x | 11.5x | 1x |
| Thu, 12 Oct 2023 | ₪744.2b | ₪756.3b | ₪64.7b | 10.4x | 11.5x | 1x |
| Sat, 09 Sep 2023 | ₪787.6b | ₪747.7b | ₪64.8b | 11.3x | 12.2x | 1.1x |
| Mon, 07 Aug 2023 | ₪809.5b | ₪685.3b | ₪71.3b | 10.5x | 11.4x | 1.2x |
| Wed, 05 Jul 2023 | ₪783.0b | ₪686.7b | ₪71.5b | 10.6x | 11x | 1.1x |
Price to Earnings Ratio
11x
Current Market PE
- Investors are optimistic on the Israeli market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 16.4x which is higher than its 3-year average PE of 14.6x.
Past Earnings Growth
- The earnings for Israeli listed companies have grown 9.7% per year over the last three years.
- Revenues for these companies have grown 3.4% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Israeli Market?
| IL Market | -2.14% | |
| Utilities | 0.50% | |
| Financials | 0.10% | |
| Healthcare | -1.63% | |
| Real Estate | -2.02% | |
| Energy | -2.35% | |
| Consumer Staples | -2.75% | |
| Telecom | -3.83% | |
| Materials | -4.31% | |
| Consumer Discretionary | -5.19% | |
| Industrials | -5.25% | |
| Tech | -6.13% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 5.0x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 43.3% which is higher than its past year's earnings decline of 30.4% per year.
- The Financials sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 8.9x.
Forecasted Growth
- Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 43% over the next 5 years.
- This is better than its past earnings decline of 30% per year.
- In contrast, the Telecom industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| ENRG Energix - Renewable Energies | ₪26.90 | 14.2% +₪1.9b | 120.5% | PE58.5x | Utilities | |
| ELAL El Al Israel Airlines | ₪15.41 | 13.8% +₪1.1b | 15.2% | PE12.5x | Industrials | |
| MMHD Menora Mivtachim Holdings | ₪451.20 | 3.6% +₪987.1m | 67.1% | PE11.6x | Financials | |
| NICE NICE | ₪259.80 | 5.5% +₪796.9m | -53.8% | PE9.6x | Tech | |
| LUMI Bank Leumi le-Israel B.M | ₪65.95 | 0.8% +₪767.4m | 6.4% | PB1.4x | Financials |