Migdal Insurance and Financial Holdings Ltd.'s (TLV:MGDL) 26% Share Price Surge Not Quite Adding Up
Dec 20
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Israeli (TA) Insurance Industry Analysis
UpdatedDec 24, 2025
DataAggregated Company Financials
Companies10
- 7D2.9%
- 3M50.5%
- 1Y170.4%
- YTD163.6%
Over the last 7 days, the Insurance industry has risen 5.8%, and Migdal Insurance and Financial Holdings contributed the most with a gain of 7.0%. Meanwhile, Wesure Global Tech actually underperformed within the industry, shrinking 5.2% in the last week. This means that the industry has gained 175% over the past year. Earnings are forecast to grow by 4.9% annually.
Industry Valuation and Performance
Has the Israeli Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Dec 2025 | ₪139.4b | ₪151.4b | ₪8.9b | 13.5x | 15.6x | 0.9x |
| Fri, 21 Nov 2025 | ₪122.1b | ₪148.2b | ₪8.3b | 12.6x | 14.7x | 0.8x |
| Sun, 19 Oct 2025 | ₪104.6b | ₪148.2b | ₪8.3b | 11.1x | 12.6x | 0.7x |
| Tue, 16 Sep 2025 | ₪97.7b | ₪146.7b | ₪8.3b | 11.2x | 11.8x | 0.7x |
| Thu, 14 Aug 2025 | ₪98.9b | ₪142.0b | ₪6.5b | 15.4x | 15.2x | 0.7x |
| Sat, 12 Jul 2025 | ₪98.6b | ₪142.0b | ₪6.5b | 14x | 15.2x | 0.7x |
| Mon, 09 Jun 2025 | ₪72.8b | ₪142.1b | ₪6.5b | 11.3x | 11.2x | 0.5x |
| Wed, 07 May 2025 | ₪62.6b | ₪145.4b | ₪5.8b | 10.5x | 10.8x | 0.4x |
| Fri, 04 Apr 2025 | ₪61.1b | ₪148.7b | ₪5.7b | 10.1x | 10.6x | 0.4x |
| Sun, 02 Mar 2025 | ₪60.3b | ₪145.2b | ₪5.9b | 10.2x | 10.3x | 0.4x |
| Tue, 28 Jan 2025 | ₪56.4b | ₪145.2b | ₪5.9b | 8.9x | 9.6x | 0.4x |
| Thu, 26 Dec 2024 | ₪51.0b | ₪145.2b | ₪5.9b | 8x | 8.7x | 0.4x |
| Sat, 23 Nov 2024 | ₪45.0b | ₪133.1b | ₪5.5b | 8.4x | 8.2x | 0.3x |
| Mon, 21 Oct 2024 | ₪40.0b | ₪128.8b | ₪5.7b | 7.5x | 7.1x | 0.3x |
| Wed, 18 Sep 2024 | ₪35.6b | ₪128.8b | ₪5.7b | 6.8x | 6.3x | 0.3x |
| Fri, 16 Aug 2024 | ₪35.1b | ₪141.1b | ₪3.8b | 9x | 9.3x | 0.2x |
| Sun, 14 Jul 2024 | ₪35.3b | ₪141.1b | ₪3.8b | 8.9x | 9.3x | 0.3x |
| Tue, 11 Jun 2024 | ₪31.9b | ₪133.6b | ₪3.2b | 10.1x | 10x | 0.2x |
| Thu, 09 May 2024 | ₪35.5b | ₪125.0b | ₪2.9b | 11.5x | 12.3x | 0.3x |
| Sat, 06 Apr 2024 | ₪35.8b | ₪122.6b | ₪2.7b | 12.2x | 13.3x | 0.3x |
| Mon, 04 Mar 2024 | ₪37.0b | ₪117.0b | ₪2.1b | 12.6x | 17.8x | 0.3x |
| Wed, 31 Jan 2024 | ₪33.1b | ₪117.0b | ₪2.1b | 10.7x | 16x | 0.3x |
| Fri, 29 Dec 2023 | ₪32.4b | ₪117.0b | ₪2.1b | 10.4x | 15.6x | 0.3x |
| Sun, 26 Nov 2023 | ₪31.1b | ₪107.6b | ₪1.9b | 11.8x | 16.7x | 0.3x |
| Tue, 24 Oct 2023 | ₪27.9b | ₪103.0b | ₪1.9b | 10.5x | 14.7x | 0.3x |
| Thu, 21 Sep 2023 | ₪33.5b | ₪103.0b | ₪1.9b | 12.5x | 17.6x | 0.3x |
| Sat, 19 Aug 2023 | ₪30.8b | ₪60.3b | ₪989.3m | 11.6x | 31.1x | 0.5x |
| Mon, 17 Jul 2023 | ₪32.4b | ₪60.3b | ₪989.3m | 12.2x | 32.7x | 0.5x |
| Wed, 14 Jun 2023 | ₪33.3b | ₪60.3b | ₪989.3m | 12.4x | 33.7x | 0.6x |
| Fri, 12 May 2023 | ₪33.7b | ₪53.3b | ₪4.2b | 7.5x | 8x | 0.6x |
| Sun, 09 Apr 2023 | ₪29.5b | ₪54.0b | ₪4.1b | 7x | 7.1x | 0.5x |
| Tue, 07 Mar 2023 | ₪31.8b | ₪63.3b | ₪4.8b | 7.5x | 6.7x | 0.5x |
| Thu, 02 Feb 2023 | ₪33.3b | ₪63.3b | ₪4.8b | 7.9x | 7x | 0.5x |
| Sat, 31 Dec 2022 | ₪31.0b | ₪63.3b | ₪4.8b | 7x | 6.5x | 0.5x |
Price to Earnings Ratio
6.5x
Current Industry PE
- Investors are optimistic on the Israeli Insurance industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 16.0x which is higher than its 3-year average PE of 13.0x.
- The industry is trading close to its 3-year average PS ratio of 0.44x.
Past Earnings Growth
- The earnings for companies in the Insurance industry have grown 23% per year over the last three years.
- Revenues for these companies have grown 34% 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 Market | 2.63% | |
| Financials | 0.99% | |
| Insurance | 2.93% | |
| General Insurance | 3.05% | |
| Property and Casualty Insurance | -2.88% | |
Industry PE
- Investors are most optimistic about the General Insurance industry which is trading above its 3-year average PE ratio of 13.1x.
- Analysts are expecting annual earnings growth of 4.9%, which is lower than the prior year's growth of 9.2% per year.
- Investors are most pessimistic about the Property and Casualty Insurance industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 0.92x.
Forecasted Growth
- Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 4.9% over the next 5 years.
- However this is lower than its past earnings growth rate of 9.2% per year.
- In contrast, the General Insurance industry is expected to see its earnings grow by 4.9% 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 | |
|---|---|---|---|---|---|
| MMHD Menora Mivtachim Holdings | ₪440.00 | 4.5% +₪1.2b | 196.9% | PE16x | |
| MGDL Migdal Insurance and Financial Holdings | ₪17.10 | 7.0% +₪1.2b | 157.6% | PE18.1x | |
| HARL Harel Insurance Investments & Financial Services | ₪142.70 | 3.7% +₪1.0b | 178.0% | PE15.7x | |
| CLIS Clal Insurance Enterprises Holdings | ₪226.10 | 2.4% +₪416.2m | 167.5% | PE19.7x | |
| PHOE Phoenix Financial | ₪143.10 | 0.6% +₪203.1m | 171.2% | PE14.5x |