Shareholders In Mivne Real Estate (K.D) (TLV:MVNE) Should Look Beyond Earnings For The Full Story
Jun 02
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Israeli (TA) Real Estate Sector Analysis
UpdatedJun 07, 2025
DataAggregated Company Financials
Companies73
- 7D-0.7%
- 3M-0.1%
- 1Y27.6%
- YTD-4.8%
The Real Estate is pretty flat in the last 7 days, but Amram Avraham Construction has stood out, gaining 8.3%. As for the the longer term, the industry is up 28% over the past 12 months. As for the next few years, earnings are expected to grow by 59% per annum.
Sector Valuation and Performance
Has the Israeli Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 07 Jun 2025 | ₪193.7b | ₪45.4b | ₪15.0b | 12x | 12.9x | 4.3x |
| Mon, 05 May 2025 | ₪189.8b | ₪44.2b | ₪14.1b | 12.5x | 13.4x | 4.3x |
| Wed, 02 Apr 2025 | ₪184.5b | ₪44.1b | ₪13.4b | 12x | 13.8x | 4.2x |
| Fri, 28 Feb 2025 | ₪201.9b | ₪42.8b | ₪10.0b | 15x | 20.1x | 4.7x |
| Sun, 26 Jan 2025 | ₪210.2b | ₪43.0b | ₪9.8b | 16.3x | 21.4x | 4.9x |
| Tue, 24 Dec 2024 | ₪204.4b | ₪42.9b | ₪9.6b | 16.7x | 21.2x | 4.8x |
| Thu, 21 Nov 2024 | ₪192.9b | ₪41.1b | ₪8.1b | 14.4x | 23.7x | 4.7x |
| Sat, 19 Oct 2024 | ₪174.6b | ₪39.9b | ₪6.9b | 12.8x | 25.1x | 4.4x |
| Mon, 16 Sep 2024 | ₪170.9b | ₪39.9b | ₪6.9b | 12.7x | 24.6x | 4.3x |
| Wed, 14 Aug 2024 | ₪160.5b | ₪38.8b | ₪5.7b | 12.3x | 28.4x | 4.1x |
| Fri, 12 Jul 2024 | ₪166.9b | ₪38.7b | ₪5.8b | 12.9x | 28.7x | 4.3x |
| Sun, 09 Jun 2024 | ₪150.8b | ₪39.0b | ₪5.8b | 11.3x | 25.8x | 3.9x |
| Tue, 07 May 2024 | ₪161.2b | ₪38.7b | ₪4.6b | 11.9x | 35.1x | 4.2x |
| Thu, 04 Apr 2024 | ₪166.2b | ₪38.9b | ₪3.3b | 12.1x | 49.9x | 4.3x |
| Sat, 02 Mar 2024 | ₪168.4b | ₪37.1b | ₪3.3b | 9.9x | 51.8x | 4.5x |
| Mon, 29 Jan 2024 | ₪161.2b | ₪37.5b | ₪3.6b | 9.2x | 44.2x | 4.3x |
| Wed, 27 Dec 2023 | ₪160.9b | ₪37.6b | ₪4.1b | 9.3x | 39.2x | 4.3x |
| Fri, 24 Nov 2023 | ₪147.5b | ₪37.8b | ₪6.3b | 8.8x | 23.4x | 3.9x |
| Sun, 22 Oct 2023 | ₪128.4b | ₪37.9b | ₪6.4b | 7.7x | 20.1x | 3.4x |
| Tue, 19 Sep 2023 | ₪145.6b | ₪37.9b | ₪6.7b | 8.4x | 21.9x | 3.8x |
| Thu, 17 Aug 2023 | ₪147.6b | ₪38.4b | ₪8.6b | 8x | 17.1x | 3.8x |
| Sat, 15 Jul 2023 | ₪154.1b | ₪38.3b | ₪11.0b | 7.2x | 14.1x | 4x |
| Mon, 12 Jun 2023 | ₪148.1b | ₪38.8b | ₪12.4b | 7.3x | 11.9x | 3.8x |
| Wed, 10 May 2023 | ₪145.0b | ₪38.1b | ₪14.6b | 6.7x | 9.9x | 3.8x |
| Fri, 07 Apr 2023 | ₪141.4b | ₪37.5b | ₪15.2b | 6.3x | 9.3x | 3.8x |
| Sun, 05 Mar 2023 | ₪137.7b | ₪38.2b | ₪24.3b | 5.5x | 5.7x | 3.6x |
| Tue, 31 Jan 2023 | ₪153.8b | ₪37.9b | ₪24.9b | 5.4x | 6.2x | 4.1x |
| Thu, 29 Dec 2022 | ₪156.8b | ₪37.9b | ₪24.9b | 5.4x | 6.3x | 4.1x |
| Sat, 26 Nov 2022 | ₪169.7b | ₪37.1b | ₪26.2b | 6x | 6.5x | 4.6x |
| Mon, 24 Oct 2022 | ₪173.4b | ₪36.9b | ₪26.4b | 6.2x | 6.6x | 4.7x |
| Wed, 21 Sep 2022 | ₪186.6b | ₪32.0b | ₪26.1b | 7x | 7.1x | 5.8x |
| Fri, 19 Aug 2022 | ₪208.7b | ₪35.4b | ₪25.3b | 8.3x | 8.2x | 5.9x |
| Sun, 17 Jul 2022 | ₪180.2b | ₪35.2b | ₪22.9b | 7.6x | 7.9x | 5.1x |
| Tue, 14 Jun 2022 | ₪165.2b | ₪34.3b | ₪22.4b | 6.9x | 7.4x | 4.8x |
Price to Earnings Ratio
7.4x
Current Industry PE
- Investors are pessimistic on the Israeli Real Estate 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 13.0x which is lower than its 3-year average PE of 20.0x.
- The industry is trading close to its 3-year average PS ratio of 4.3x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 13% per year over the last three years.
- Meanwhile revenues for these companies have grown 9.5% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Israeli Real Estate sector?
| IL Market | 0.49% | |
| Real Estate | -0.65% | |
| Real Estate | -0.60% | |
| REITS | -1.67% | |
| Residential REITs | -2.04% | |
Industry PE
- Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 22.4x.
- Analysts are expecting annual earnings growth of 58.5%, which is higher than its past year's earnings growth of 30.6% per year.
- Investors are most pessimistic about the REITS industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 8.1x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 59% over the next 5 years.
- This is better than its past earnings growth rate of 31% per year.
- In contrast, the Real Estate industry is expected to see its earnings grow by 59% 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 | |
|---|---|---|---|---|---|
| AMRM Amram Avraham Construction | ₪44.40 | 8.3% +₪256.5m | 94.7% | PE28.9x | |
| BIG BIG Shopping Centers | ₪573.20 | 1.1% +₪157.1m | 58.2% | PE8.1x | |
| SMT Summit Real Estate Holdings | ₪55.53 | 3.7% +₪136.5m | 31.3% | PE18.3x | |
| AURA Aura Investments | ₪17.81 | 2.4% +₪117.8m | 50.3% | PE14.2x | |
| PRSK Prashkovsky Investments and Construction | ₪90.62 | 5.4% +₪97.3m | 19.5% | PE8.7x |
