Analysis Article • Apr 04
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Israeli (TA) Market Analysis & Valuation
UpdatedMay 09, 2026
DataAggregated Company Financials
Companies486
- 7D3.6%
- 3M9.7%
- 1Y56.2%
- YTD16.2%
Over the last 7 days, the market has risen 3.6%, driven by gains of 6.0% in the Financials sector. Meanwhile, the Information Technology sector has underperformed, shrinking 3.5% in that time. In the last year, the market has climbed 56%. Earnings are forecast to grow by 11% 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 |
|---|---|---|---|---|---|---|
| Sat, 09 May 2026 | ₪1.8t | ₪740.2b | ₪93.9b | 17x | 19.1x | 2.4x |
| Mon, 06 Apr 2026 | ₪1.6t | ₪751.2b | ₪94.5b | 15.7x | 17.2x | 2.2x |
| Wed, 04 Mar 2026 | ₪1.7t | ₪803.5b | ₪87.7b | 16.9x | 19.7x | 2.2x |
| Fri, 30 Jan 2026 | ₪1.6t | ₪802.8b | ₪87.3b | 16.5x | 18.3x | 2x |
| Sun, 28 Dec 2025 | ₪1.5t | ₪813.6b | ₪88.0b | 15.9x | 16.6x | 1.8x |
| Tue, 25 Nov 2025 | ₪1.4t | ₪807.5b | ₪87.5b | 15.4x | 16x | 1.7x |
| Thu, 23 Oct 2025 | ₪1.3t | ₪804.0b | ₪85.2b | 15.4x | 15.8x | 1.7x |
| Sat, 20 Sep 2025 | ₪1.3t | ₪798.9b | ₪84.8b | 14.6x | 14.8x | 1.6x |
| Mon, 18 Aug 2025 | ₪1.3t | ₪786.1b | ₪82.0b | 15.6x | 15.7x | 1.6x |
| Wed, 16 Jul 2025 | ₪1.3t | ₪787.5b | ₪81.1b | 16.3x | 15.9x | 1.6x |
| Fri, 13 Jun 2025 | ₪1.1t | ₪795.7b | ₪81.5b | 13.8x | 13.6x | 1.4x |
| Sun, 11 May 2025 | ₪1.1t | ₪787.1b | ₪80.1b | 14.3x | 13.8x | 1.4x |
| Tue, 08 Apr 2025 | ₪998.1b | ₪799.9b | ₪81.0b | 12.8x | 12.3x | 1.2x |
| Thu, 06 Mar 2025 | ₪1.1t | ₪779.2b | ₪71.6b | 14.4x | 14.7x | 1.4x |
| Sat, 01 Feb 2025 | ₪1.0t | ₪772.6b | ₪69.7b | 14.3x | 14.7x | 1.3x |
| Mon, 30 Dec 2024 | ₪963.9b | ₪774.4b | ₪69.5b | 13.5x | 13.9x | 1.2x |
| Wed, 27 Nov 2024 | ₪953.8b | ₪758.0b | ₪66.7b | 14x | 14.3x | 1.3x |
| Fri, 25 Oct 2024 | ₪848.9b | ₪749.7b | ₪64.2b | 11.8x | 13.2x | 1.1x |
| Sun, 22 Sep 2024 | ₪795.3b | ₪776.2b | ₪65.4b | 11.1x | 12.2x | 1x |
| Tue, 20 Aug 2024 | ₪816.9b | ₪781.7b | ₪62.6b | 12x | 13.1x | 1x |
| Thu, 18 Jul 2024 | ₪819.3b | ₪765.4b | ₪60.5b | 12x | 13.5x | 1.1x |
| Sat, 15 Jun 2024 | ₪773.5b | ₪768.5b | ₪60.8b | 11.3x | 12.7x | 1x |
| Mon, 13 May 2024 | ₪832.1b | ₪750.4b | ₪58.2b | 12.5x | 14.3x | 1.1x |
| Wed, 10 Apr 2024 | ₪840.5b | ₪750.4b | ₪57.6b | 12.3x | 14.6x | 1.1x |
| Fri, 08 Mar 2024 | ₪836.1b | ₪742.2b | ₪54.6b | 12.4x | 15.3x | 1.1x |
| Sun, 04 Feb 2024 | ₪790.9b | ₪752.8b | ₪55.8b | 11.5x | 14.2x | 1.1x |
| Tue, 02 Jan 2024 | ₪828.0b | ₪750.2b | ₪56.1b | 11.3x | 14.8x | 1.1x |
| Thu, 30 Nov 2023 | ₪780.1b | ₪742.5b | ₪60.2b | 10.9x | 13x | 1.1x |
| Sat, 28 Oct 2023 | ₪686.6b | ₪761.5b | ₪65.1b | 9.6x | 10.6x | 0.9x |
| Mon, 25 Sep 2023 | ₪801.4b | ₪745.7b | ₪64.0b | 11.5x | 12.5x | 1.1x |
| Wed, 23 Aug 2023 | ₪801.6b | ₪684.7b | ₪69.0b | 11x | 11.6x | 1.2x |
| Fri, 21 Jul 2023 | ₪829.1b | ₪682.6b | ₪71.2b | 10.9x | 11.6x | 1.2x |
| Sun, 18 Jun 2023 | ₪802.5b | ₪678.5b | ₪70.9b | 10.7x | 11.3x | 1.2x |
| Tue, 16 May 2023 | ₪788.0b | ₪664.2b | ₪83.5b | 9.6x | 9.4x | 1.2x |
Price to Earnings Ratio
9.4x
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 19.1x which is higher than its 3-year average PE of 14.3x.
Past Earnings Growth
- The earnings for Israeli listed companies have grown 4.0% per year over the last three years.
- Revenues for these companies have grown 3.7% 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 | 3.59% | |
| Real Estate | 7.76% | |
| Materials | 7.16% | |
| Financials | 6.03% | |
| Telecom | 4.22% | |
| Healthcare | 3.62% | |
| Consumer Discretionary | 3.35% | |
| Consumer Staples | 3.17% | |
| Utilities | 1.68% | |
| Industrials | -0.34% | |
| Energy | -3.05% | |
| Tech | -3.47% | |
Sector PE
- Investors favour the Utilities sector the most for future growth which is trading above its 3-year average PE ratio.
- The market's confidence is likely because analysts are expecting annual earnings growth of 42.5% which is higher than its past year's earnings decline of 25.9% 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 8.7x.
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 26% 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 | |
|---|---|---|---|---|---|---|
| POLI Bank Hapoalim B.M | ₪84.12 | 6.5% +₪6.7b | 49.9% | PB1.7x | Financials | |
| LUMI Bank Leumi le-Israel B.M | ₪78.90 | 5.8% +₪6.3b | 44.9% | PB1.7x | Financials | |
| PHOE Phoenix Financial | ₪194.00 | 9.4% +₪4.2b | 157.1% | PE15.2x | Financials | |
| MMHD Menora Mivtachim Holdings | ₪543.10 | 12.9% +₪3.9b | 178.5% | PE14.4x | Financials | |
| AZRG Azrieli Group | ₪502.20 | 6.4% +₪3.7b | 86.6% | PE32.2x | Real Estate |