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Israeli (TA) Banks Industry Analysis

UpdatedMar 03, 2024
DataAggregated Company Financials
Companies8
  • 7D3.9%
  • 3M4.8%
  • 1Y9.9%
  • YTD0.3%

Over the last 7 days, the Banks industry has risen 4.1%, driven by gains in Bank Leumi le-Israel B.M and Bank Hapoalim B.M of 4.8% and 3.9%, respectively. This means that the industry has gained 9.8% over the past year. In the next few years, earnings are forecast to decline by 6.4% annually.

Industry Valuation and Performance

Has the Israeli Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 03 Mar 2024₪171.7b₪81.9b₪27.6b6x6.2x2.1x
Tue, 30 Jan 2024₪163.5b₪81.9b₪27.6b5.6x5.9x2x
Thu, 28 Dec 2023₪168.2b₪81.9b₪27.6b5.8x6.1x2.1x
Sat, 25 Nov 2023₪166.5b₪81.7b₪27.8b5.6x6x2x
Mon, 23 Oct 2023₪146.3b₪81.8b₪27.9b5x5.2x1.8x
Wed, 20 Sep 2023₪167.2b₪81.8b₪27.9b5.7x6x2x
Fri, 18 Aug 2023₪164.8b₪81.3b₪27.8b5.7x5.9x2x
Sun, 16 Jul 2023₪167.8b₪77.2b₪25.7b6.2x6.5x2.2x
Tue, 13 Jun 2023₪164.2b₪77.1b₪25.7b6.2x6.4x2.1x
Thu, 11 May 2023₪160.4b₪73.4b₪25.0b6.5x6.4x2.2x
Sat, 08 Apr 2023₪146.4b₪73.4b₪25.0b5.8x5.9x2x
Mon, 06 Mar 2023₪155.7b₪68.6b₪22.2b7x7x2.3x
Wed, 01 Feb 2023₪157.1b₪68.6b₪22.2b7.1x7.1x2.3x
Fri, 30 Dec 2022₪158.0b₪68.6b₪22.2b7.3x7.1x2.3x
Sun, 27 Nov 2022₪172.4b₪67.3b₪21.3b8x8.1x2.6x
Tue, 25 Oct 2022₪173.6b₪66.3b₪20.7b8.4x8.4x2.6x
Thu, 22 Sep 2022₪176.0b₪66.3b₪20.7b8.4x8.5x2.7x
Sat, 20 Aug 2022₪184.8b₪66.4b₪20.7b8.9x8.9x2.8x
Mon, 18 Jul 2022₪162.8b₪66.5b₪20.6b7.7x7.9x2.4x
Wed, 15 Jun 2022₪154.8b₪66.5b₪20.6b7.2x7.5x2.3x
Fri, 13 May 2022₪160.2b₪64.9b₪19.2b8.1x8.3x2.5x
Sun, 10 Apr 2022₪168.7b₪64.9b₪19.2b8.4x8.8x2.6x
Tue, 08 Mar 2022₪161.0b₪63.3b₪18.1b8.6x8.9x2.5x
Thu, 03 Feb 2022₪167.8b₪62.8b₪18.0b8.9x9.3x2.7x
Sat, 01 Jan 2022₪166.1b₪62.8b₪18.0b8.8x9.2x2.6x
Mon, 29 Nov 2021₪157.3b₪62.4b₪17.8b9.2x8.8x2.5x
Wed, 27 Oct 2021₪155.8b₪58.2b₪15.5b10.6x10.1x2.7x
Fri, 24 Sep 2021₪144.7b₪58.2b₪15.5b9.5x9.3x2.5x
Sun, 22 Aug 2021₪142.2b₪57.9b₪15.4b9.6x9.2x2.5x
Fri, 09 Jul 2021₪130.5b₪57.9b₪15.4b9x8.5x2.3x
Thu, 01 Apr 2021₪119.0b₪51.0b₪11.6b10.7x10.3x2.3x
Price to Earnings Ratio

13.5x


Total Market Cap: ₪108.2bTotal Earnings: ₪8.0bTotal Revenue: ₪45.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Israeli Banks Industry Price to Earnings3Y Average 7.9x202220232024
Current Industry PE
  • Investors are pessimistic on the Israeli Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 6.2x which is lower than its 3-year average PE of 7.9x.
  • The 3-year average PS ratio of 2.3x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 51% per year over the last three years.
  • Revenues for these companies have grown 22% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Israeli Financials industry?

IL Market2.57%
Financials4.44%
Banks3.93%
Diversified Banks3.94%
Regional Banks-0.14%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 7.9x.
    • Analysts are expecting annual earnings decline of 6.4%, which is lower than the prior year's growth of 28.6% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading below its 3-year average of 5.3x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Diversified Banks industry since they expect its earnings to decline by only 6.4% per year over the next 5 years, which isn't as bad as the other industries.
  • This is a reversal from its past annual earnings growth rate of 29% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings decline by 6.4% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
LUMI Bank Leumi le-Israel B.M₪29.922.7%
+₪1.2b
1.4%PB0.8x
POLI Bank Hapoalim B.M₪34.181.9%
+₪855.9m
8.7%PB0.9x
DSCT Israel Discount Bank₪18.622.1%
+₪470.1m
6.0%PB0.8x
FIBI First International Bank of Israel₪154.103.1%
+₪461.5m
15.9%PB1.3x
MZTF Mizrahi Tefahot Bank₪141.300.2%
+₪77.2m
24.4%PB1.4x
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