Some Confidence Is Lacking In Formula Systems (1985) Ltd.'s (TLV:FORTY) P/E
Sep 12
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Israeli (TA) Tech Sector Analysis
UpdatedSep 16, 2025
DataAggregated Company Financials
Companies57
- 7D-0.3%
- 3M0.2%
- 1Y23.9%
- YTD12.1%
The Tech is pretty flat in the last 7 days, but Priortech has stood out, gaining 8.7%. As for the the longer term, the industry is up 24% over the past 12 months. Looking forward, earnings are forecast to grow by 16% annually.
Sector Valuation and Performance
Has the Israeli Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 16 Sep 2025 | ₪90.8b | ₪55.0b | ₪3.7b | 19.7x | 24.7x | 1.7x |
| Thu, 14 Aug 2025 | ₪88.9b | ₪54.0b | ₪3.3b | 23.4x | 26.5x | 1.6x |
| Sat, 12 Jul 2025 | ₪94.1b | ₪53.3b | ₪3.3b | 20.2x | 28.7x | 1.8x |
| Mon, 09 Jun 2025 | ₪90.5b | ₪54.3b | ₪3.3b | 18.8x | 27.3x | 1.7x |
| Wed, 07 May 2025 | ₪82.2b | ₪54.3b | ₪3.2b | 18.6x | 25.6x | 1.5x |
| Fri, 04 Apr 2025 | ₪78.7b | ₪55.1b | ₪3.3b | 17.3x | 24x | 1.4x |
| Sun, 02 Mar 2025 | ₪77.5b | ₪53.3b | ₪3.0b | 18.3x | 26.3x | 1.5x |
| Tue, 28 Jan 2025 | ₪80.7b | ₪52.6b | ₪2.9b | 16x | 27.9x | 1.5x |
| Thu, 26 Dec 2024 | ₪79.9b | ₪52.5b | ₪2.9b | 16.9x | 27.6x | 1.5x |
| Sat, 23 Nov 2024 | ₪78.0b | ₪52.6b | ₪2.9b | 15.6x | 26.8x | 1.5x |
| Mon, 21 Oct 2024 | ₪77.9b | ₪51.8b | ₪2.6b | 14.8x | 29.7x | 1.5x |
| Wed, 18 Sep 2024 | ₪71.7b | ₪52.2b | ₪2.7b | 14.6x | 26.6x | 1.4x |
| Fri, 16 Aug 2024 | ₪74.6b | ₪51.1b | ₪2.4b | 13.3x | 30.8x | 1.5x |
| Sun, 14 Jul 2024 | ₪75.6b | ₪50.2b | ₪2.3b | 14.4x | 32.6x | 1.5x |
| Tue, 11 Jun 2024 | ₪75.1b | ₪49.5b | ₪2.3b | 12.7x | 33.2x | 1.5x |
| Thu, 09 May 2024 | ₪89.0b | ₪48.2b | ₪2.1b | 13.5x | 42.7x | 1.8x |
| Sat, 06 Apr 2024 | ₪94.9b | ₪48.6b | ₪2.1b | 13.6x | 45.1x | 2x |
| Mon, 04 Mar 2024 | ₪89.5b | ₪47.1b | ₪2.3b | 11.8x | 38.7x | 1.9x |
| Wed, 31 Jan 2024 | ₪81.1b | ₪44.9b | ₪1.9b | 11.7x | 42.1x | 1.8x |
| Fri, 29 Dec 2023 | ₪74.7b | ₪44.7b | ₪1.9b | 11.5x | 39x | 1.7x |
| Sun, 26 Nov 2023 | ₪74.2b | ₪45.3b | ₪2.0b | 12.2x | 37.8x | 1.6x |
| Tue, 24 Oct 2023 | ₪67.5b | ₪46.4b | ₪1.9b | 12.2x | 35.6x | 1.5x |
| Thu, 21 Sep 2023 | ₪73.3b | ₪44.9b | ₪1.8b | 13.6x | 41.2x | 1.6x |
| Sat, 19 Aug 2023 | ₪75.9b | ₪44.6b | ₪1.7b | 14.3x | 43.9x | 1.7x |
| Mon, 17 Jul 2023 | ₪76.4b | ₪42.9b | ₪1.7b | 14.2x | 44.7x | 1.8x |
| Wed, 14 Jun 2023 | ₪79.6b | ₪41.2b | ₪1.5b | 14.6x | 53.3x | 1.9x |
| Fri, 12 May 2023 | ₪70.6b | ₪40.7b | ₪1.5b | 14.8x | 46.2x | 1.7x |
| Sun, 09 Apr 2023 | ₪80.3b | ₪42.4b | ₪1.7b | 14x | 48.1x | 1.9x |
| Tue, 07 Mar 2023 | ₪78.9b | ₪43.7b | ₪1.8b | 14.1x | 44.6x | 1.8x |
| Thu, 02 Feb 2023 | ₪77.5b | ₪42.5b | ₪1.7b | 14.8x | 47x | 1.8x |
| Sat, 31 Dec 2022 | ₪74.8b | ₪42.8b | ₪1.7b | 13.8x | 44.6x | 1.7x |
| Mon, 28 Nov 2022 | ₪74.2b | ₪41.8b | ₪1.7b | 18.8x | 44.5x | 1.8x |
| Wed, 26 Oct 2022 | ₪78.5b | ₪41.1b | ₪1.6b | 18.8x | 49x | 1.9x |
| Fri, 23 Sep 2022 | ₪78.5b | ₪39.5b | ₪1.6b | 18.2x | 49.1x | 2x |
Price to Earnings Ratio
49.1x
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 24.7x which is lower than its 3-year average PE of 36.7x.
- The industry is trading close to its 3-year average PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 32% per year over the last three years.
- Revenues for these companies have grown 12% 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 Market | -2.34% | |
| Tech | -0.31% | |
| Communications | 2.82% | |
| Semiconductors | 2.16% | |
| Software | 0.073% | |
| IT | -0.31% | |
| Electronic Equipment and Components | -0.95% | |
| Tech Hardware | -1.76% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Components industry, which is trading close to its 3-year average PE ratio of 42.0x.
- Analysts are expecting annual earnings growth of 25.8%, which is higher than its past year's earnings growth of 6.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 26% over the next 5 years.
- This is better than its past earnings growth rate of 6.0% per year.
- In contrast, the Software industry is expected to see its earnings grow by 9.9% 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 | |
|---|---|---|---|---|---|
| PRTC Priortech | ₪169.60 | 3.5% +₪66.6m | 11.4% | PE19x | |
| TSG TSG IT Advanced Systems | ₪342.40 | 2.9% +₪23.2m | 162.2% | PE52.7x | |
| ELAD Elad Software Systems | ₪11.95 | 2.7% +₪15.8m | n/a | PE26.9x | |
| JEEN Jeen Technologies AI | ₪5.04 | 6.6% +₪13.8m | 161.6% | PS46.4x | |
| STG STG International | ₪67.25 | 2.5% +₪7.8m | 81.5% | PE14.6x |
