Narrative Update • Aug 12
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Israeli (TA) Market Analysis & Valuation
UpdatedAug 27, 2026
DataAggregated Company Financials
Companies493
- 7D0.6%
- 3M-8.8%
- 1Y17.3%
- YTD2.2%
In the last week, the market has stayed flat, however the Communication Services sector stood out, gaining 3.9%. Meanwhile, the market is actually up 17% over the past year. Earnings are forecast to grow by 15% 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 |
|---|---|---|---|---|---|---|
| Thu, 27 Aug 2026 | ₪1.6t | ₪774.7b | ₪97.0b | 14.9x | 16.5x | 2.1x |
| Sat, 25 Jul 2026 | ₪1.6t | ₪762.7b | ₪95.1b | 15x | 17.3x | 2.2x |
| Mon, 22 Jun 2026 | ₪1.6t | ₪754.9b | ₪94.2b | 15.2x | 16.7x | 2.1x |
| Wed, 20 May 2026 | ₪1.7t | ₪740.9b | ₪93.8b | 16.5x | 17.9x | 2.3x |
| Fri, 17 Apr 2026 | ₪1.7t | ₪743.4b | ₪94.5b | 16.6x | 17.8x | 2.3x |
| Sun, 15 Mar 2026 | ₪1.7t | ₪806.6b | ₪88.8b | 16.5x | 19x | 2.1x |
| Tue, 10 Feb 2026 | ₪1.6t | ₪802.8b | ₪87.4b | 16.4x | 18.7x | 2x |
| Thu, 08 Jan 2026 | ₪1.6t | ₪806.2b | ₪87.4b | 16.9x | 18.1x | 2x |
| Sat, 06 Dec 2025 | ₪1.4t | ₪803.8b | ₪88.1b | 15.1x | 16.2x | 1.8x |
| Mon, 03 Nov 2025 | ₪1.4t | ₪801.8b | ₪85.1b | 16.3x | 16.3x | 1.7x |
| Wed, 01 Oct 2025 | ₪1.3t | ₪804.3b | ₪85.2b | 15.3x | 15.7x | 1.7x |
| Fri, 29 Aug 2025 | ₪1.3t | ₪795.3b | ₪84.6b | 15.5x | 15.4x | 1.6x |
| Sun, 27 Jul 2025 | ₪1.3t | ₪787.2b | ₪81.2b | 16.4x | 16.2x | 1.7x |
| Tue, 24 Jun 2025 | ₪1.2t | ₪790.6b | ₪81.3b | 15x | 14.7x | 1.5x |
| Thu, 22 May 2025 | ₪1.1t | ₪790.9b | ₪81.3b | 14.3x | 13.6x | 1.4x |
| Sat, 19 Apr 2025 | ₪1.1t | ₪792.8b | ₪80.1b | 13.8x | 13.2x | 1.3x |
| Mon, 17 Mar 2025 | ₪1.1t | ₪782.9b | ₪74.7b | 14.3x | 14.5x | 1.4x |
| Wed, 12 Feb 2025 | ₪1.1t | ₪774.6b | ₪70.5b | 14.8x | 15.1x | 1.4x |
| Fri, 10 Jan 2025 | ₪1.0t | ₪776.0b | ₪70.0b | 14.2x | 14.4x | 1.3x |
| Sun, 08 Dec 2024 | ₪966.4b | ₪767.7b | ₪69.3b | 13.3x | 14x | 1.3x |
| Tue, 05 Nov 2024 | ₪886.8b | ₪749.2b | ₪64.2b | 12.5x | 13.8x | 1.2x |
| Thu, 03 Oct 2024 | ₪842.5b | ₪775.7b | ₪65.6b | 11.7x | 12.8x | 1.1x |
| Sat, 31 Aug 2024 | ₪832.4b | ₪771.0b | ₪64.7b | 12.1x | 12.9x | 1.1x |
| Mon, 29 Jul 2024 | ₪825.7b | ₪766.7b | ₪60.5b | 12x | 13.6x | 1.1x |
| Wed, 26 Jun 2024 | ₪761.3b | ₪769.4b | ₪60.9b | 11.4x | 12.5x | 1x |
| Fri, 24 May 2024 | ₪790.3b | ₪748.9b | ₪57.9b | 12x | 13.6x | 1.1x |
| Sun, 21 Apr 2024 | ₪811.1b | ₪754.7b | ₪58.9b | 11.9x | 13.8x | 1.1x |
| Tue, 19 Mar 2024 | ₪838.8b | ₪745.2b | ₪54.8b | 12.4x | 15.3x | 1.1x |
| Thu, 15 Feb 2024 | ₪797.2b | ₪746.7b | ₪55.7b | 11.9x | 14.3x | 1.1x |
| Sat, 13 Jan 2024 | ₪808.9b | ₪756.5b | ₪55.9b | 11.6x | 14.5x | 1.1x |
| Mon, 11 Dec 2023 | ₪785.5b | ₪756.1b | ₪56.9b | 10.5x | 13.8x | 1x |
| Wed, 08 Nov 2023 | ₪747.8b | ₪752.6b | ₪64.4b | 10.1x | 11.6x | 1x |
| Fri, 06 Oct 2023 | ₪800.9b | ₪747.6b | ₪64.7b | 11.4x | 12.4x | 1.1x |
| Sun, 03 Sep 2023 | ₪794.0b | ₪729.1b | ₪64.4b | 11.5x | 12.3x | 1.1x |
Price to Earnings Ratio
12.3x
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 16.5x which is higher than its 3-year average PE of 14.9x.
Past Earnings Growth
- The earnings for Israeli listed companies have grown 15% per year over the last three years.
- Revenues for these companies have grown 2.0% 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 | 0.61% | |
| Telecom | 3.92% | |
| Materials | 3.82% | |
| Consumer Discretionary | 2.80% | |
| Healthcare | 1.87% | |
| Financials | 1.72% | |
| Real Estate | 0.50% | |
| Utilities | -0.55% | |
| Energy | -0.65% | |
| Consumer Staples | -0.84% | |
| Tech | -1.10% | |
| Industrials | -1.27% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 21.0x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 44.1% which is higher than its past year's earnings decline of 16.8% 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 9.0x.
Forecasted Growth
- Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 44% over the next 5 years.
- This is better than its past earnings decline of 17% per year.
- In contrast, the Telecom sector is expected to see its earnings grow by 4.7% per year 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 | |
|---|---|---|---|---|---|---|
| PHOE Phoenix Financial | ₪186.60 | 4.3% +₪1.9b | 55.1% | PE14.2x | Financials | |
| CLIS Clal Insurance Enterprises Holdings | ₪258.60 | 6.9% +₪1.3b | 48.6% | PE8.8x | Financials | |
| HARL Harel Insurance Investments & Financial Services | ₪186.80 | 3.5% +₪1.3b | 70.1% | PE12.6x | Financials | |
| TASE Tel-Aviv Stock Exchange | ₪126.20 | 11.4% +₪1.2b | 60.7% | PE45.9x | Financials | |
| MMHD Menora Mivtachim Holdings | ₪504.80 | 3.2% +₪987.1m | 57.1% | PE13x | Financials |
