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Israeli (TA) Tech Sector Analysis

UpdatedFeb 24, 2024
DataAggregated Company Financials
Companies58
  • 7D8.2%
  • 3M19.4%
  • 1Y22.1%
  • YTD15.7%

The Tech industry is up 8.2% in the last week, with NICE up 11%. In the last 12 months, the industry was up 22%. Earnings are forecast to grow by 21% annually.

Sector Valuation and Performance

Has the Israeli Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 Feb 2024₪90.7b₪47.5b₪2.3b11.5x38.7x1.9x
Mon, 22 Jan 2024₪80.5b₪45.5b₪2.0b11.7x41x1.8x
Wed, 20 Dec 2023₪74.8b₪44.9b₪1.9b11.2x38.9x1.7x
Fri, 17 Nov 2023₪71.1b₪44.9b₪1.8b11.7x38.8x1.6x
Sun, 15 Oct 2023₪69.8b₪46.0b₪1.9b12.9x37.3x1.5x
Tue, 12 Sep 2023₪75.6b₪45.0b₪1.8b13.5x42.5x1.7x
Thu, 10 Aug 2023₪80.8b₪43.5b₪1.8b13.5x45.4x1.9x
Sat, 08 Jul 2023₪75.0b₪43.4b₪1.7b14.6x43.6x1.7x
Mon, 05 Jun 2023₪75.3b₪42.2b₪1.5b14.3x49x1.8x
Wed, 03 May 2023₪72.9b₪40.6b₪1.5b14.5x48.3x1.8x
Fri, 31 Mar 2023₪79.1b₪42.2b₪1.7b13.9x45.2x1.9x
Sun, 26 Feb 2023₪76.9b₪44.0b₪1.8b14.1x43.3x1.7x
Tue, 24 Jan 2023₪77.0b₪42.1b₪1.6b15x47.1x1.8x
Thu, 22 Dec 2022₪75.0b₪42.7b₪1.7b14.9x44.9x1.8x
Sat, 19 Nov 2022₪77.1b₪41.8b₪1.7b17.1x45.7x1.8x
Mon, 17 Oct 2022₪76.2b₪41.2b₪1.7b19.2x45.7x1.9x
Wed, 14 Sep 2022₪84.1b₪38.5b₪1.7b19.1x50.7x2.2x
Fri, 12 Aug 2022₪85.5b₪36.7b₪1.2b22.1x70.2x2.3x
Sun, 10 Jul 2022₪82.0b₪37.9b₪1.2b20.6x65.8x2.2x
Tue, 07 Jun 2022₪79.2b₪38.4b₪1.3b20.8x60.3x2.1x
Thu, 05 May 2022₪80.3b₪36.0b₪1.2b19.8x64.5x2.2x
Sat, 02 Apr 2022₪82.7b₪35.0b₪1.3b19.2x65.4x2.4x
Mon, 28 Feb 2022₪84.8b₪34.5b₪1.3b25.3x67.4x2.5x
Wed, 26 Jan 2022₪88.8b₪33.8b₪1.2b24.6x72.8x2.6x
Fri, 24 Dec 2021₪103.7b₪33.6b₪1.2b26.5x89.1x3.1x
Sun, 21 Nov 2021₪101.0b₪32.6b₪1.2b26.4x86.6x3.1x
Tue, 19 Oct 2021₪95.2b₪32.6b₪1.2b24.5x78.6x2.9x
Thu, 16 Sep 2021₪98.3b₪32.9b₪1.3b25.1x75.9x3x
Sat, 14 Aug 2021₪90.3b₪32.8b₪1.3b26.3x68.3x2.8x
Wed, 09 Jun 2021₪78.9b₪31.4b₪1.4b22.6x57.2x2.5x
Tue, 02 Mar 2021₪75.6b₪29.2b₪1.4b21.9x55.9x2.6x
Price to Earnings Ratio

55.9x


Total Market Cap: ₪75.6bTotal Earnings: ₪1.4bTotal Revenue: ₪29.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Israeli Tech Sector Price to Earnings3Y Average 56.1x202220232024
Current Industry PE
  • Investors are pessimistic on the Israeli Information Technology 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 38.7x which is lower than its 3-year average PE of 56.1x.
  • The 3-year average PS ratio of 2.2x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 20% per year over the last three years.
  • Revenues for these companies have grown 18% 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 Tech sector?

IL Market3.07%
Tech8.17%
Software10.77%
IT4.93%
Communications2.84%
Electronic Equipment and Components2.09%
Semiconductors1.78%
Tech Hardware0.97%
Industry PE
  • Investors are most optimistic about the Software industry even though it's trading below its 3-year average PE ratio of 98.6x.
    • Analysts are expecting annual earnings growth of 15.3%, which is higher than its past year's earnings growth of 3.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 121% over the next 5 years.
  • This is better than its past earnings growth rate of 80% per year.
  • In contrast, the Software industry is expected to see its earnings grow by 15% 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
NICE NICE₪908.6011.2%
+₪5.8b
22.8%PE46.8x
MTRX Matrix IT₪76.148.0%
+₪352.6m
10.1%PE21.5x
FORTY Formula Systems (1985)₪265.604.8%
+₪185.5m
6.2%PE17.6x
NYAX Nayax₪100.704.2%
+₪135.3m
50.6%PS4.2x
NXSN NextVision Stabilized Systems₪41.502.4%
+₪76.6m
379.4%PE42.9x
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Latest News

TECT

₪0.47

Tectona

7D

-6.5%

1Y

7.7%

NICE

₪908.60

NICE

7D

11.2%

1Y

22.8%

RZR

₪3.39

Razor Labs

7D

-13.2%

1Y

321.4%

ININ

₪2.79

Inter Industries Plus

7D

-6.9%

1Y

-27.0%

INTR

₪58.00

Inter Gamma Investment

7D

-3.1%

1Y

-15.1%

UWAY

₪72.50

UserWay

7D

-2.2%

1Y

135.1%

NXSN

₪41.50

NextVision Stabilized Systems

7D

2.4%

1Y

379.4%

NYAX

₪100.70

Nayax

7D

4.2%

1Y

50.6%

MLTM

₪50.79

Malam - Team

7D

4.5%

1Y

-26.3%

PMVM

₪7.41

Pomvom

7D

-7.0%

1Y

27.2%

PRTC

₪156.80

Priortech

7D

-2.2%

1Y

125.6%

PRPD

₪19.90

Propdo

7D

-3.1%

1Y

30.2%

JNGO

₪2.58

Jungo Connectivity

7D

-8.8%

1Y

-72.1%