Narrative Update • Jun 06
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- 7D5.8%
- 3M-28.0%
- 1Y-53.5%
- YTD-24.6%
In the last week, the Software industry is up 5.8%, with NICE up 7.3%. In the same time, Michpal Technologies was down 5.4%. However, the industry is down 54% over the past year. As for the next few years, earnings are expected to grow by 8.6% per annum.
Industry Valuation and Performance
Has the Israeli Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 07 Jun 2026 | ₪18.4b | ₪10.6b | ₪1.5b | 27.6x | 12.3x | 1.7x |
| Tue, 05 May 2026 | ₪24.4b | ₪10.4b | ₪1.7b | 27.4x | 14x | 2.3x |
| Thu, 02 Apr 2026 | ₪23.5b | ₪10.9b | ₪1.8b | 26.2x | 12.8x | 2.2x |
| Sat, 28 Feb 2026 | ₪24.5b | ₪10.9b | ₪1.8b | 26.5x | 13.3x | 2.3x |
| Mon, 26 Jan 2026 | ₪24.8b | ₪10.6b | ₪1.7b | 34.2x | 14.8x | 2.3x |
| Wed, 24 Dec 2025 | ₪24.6b | ₪10.8b | ₪1.7b | 30.3x | 14.5x | 2.3x |
| Fri, 21 Nov 2025 | ₪23.3b | ₪11.0b | ₪1.8b | 17x | 13.2x | 2.1x |
| Sun, 19 Oct 2025 | ₪29.5b | ₪11.0b | ₪1.7b | 19.2x | 17.3x | 2.7x |
| Tue, 16 Sep 2025 | ₪31.2b | ₪10.9b | ₪1.7b | 16.6x | 18x | 2.9x |
| Thu, 14 Aug 2025 | ₪33.0b | ₪10.8b | ₪1.5b | 21.8x | 21.9x | 3.1x |
| Sat, 12 Jul 2025 | ₪37.1b | ₪10.5b | ₪1.5b | 21.1x | 25.2x | 3.5x |
| Mon, 09 Jun 2025 | ₪40.3b | ₪11.1b | ₪1.6b | 20.3x | 25.8x | 3.6x |
| Wed, 07 May 2025 | ₪38.0b | ₪11.2b | ₪1.5b | 20.9x | 25.1x | 3.4x |
| Fri, 04 Apr 2025 | ₪37.2b | ₪11.5b | ₪1.6b | 19.6x | 23.9x | 3.2x |
| Sun, 02 Mar 2025 | ₪34.7b | ₪11.2b | ₪1.5b | 14.7x | 22.8x | 3.1x |
| Tue, 28 Jan 2025 | ₪39.9b | ₪10.9b | ₪1.5b | 12.8x | 27.1x | 3.7x |
| Thu, 26 Dec 2024 | ₪42.0b | ₪10.9b | ₪1.5b | 13.1x | 28.3x | 3.8x |
| Sat, 23 Nov 2024 | ₪41.9b | ₪11.1b | ₪1.5b | 16x | 27.9x | 3.8x |
| Mon, 21 Oct 2024 | ₪45.3b | ₪11.0b | ₪1.4b | 17.1x | 33.2x | 4.1x |
| Wed, 18 Sep 2024 | ₪41.1b | ₪11.1b | ₪1.4b | 15x | 29.4x | 3.7x |
| Fri, 16 Aug 2024 | ₪42.9b | ₪10.8b | ₪1.2b | 15.9x | 36x | 4x |
| Sun, 14 Jul 2024 | ₪42.9b | ₪10.6b | ₪1.2b | 11.1x | 36.8x | 4.1x |
| Tue, 11 Jun 2024 | ₪43.6b | ₪11.0b | ₪1.2b | 12x | 36.4x | 4x |
| Thu, 09 May 2024 | ₪54.7b | ₪10.5b | ₪1.1b | 13.6x | 51x | 5.2x |
| Sat, 06 Apr 2024 | ₪62.0b | ₪10.7b | ₪1.1b | 13.7x | 57x | 5.8x |
| Mon, 04 Mar 2024 | ₪58.2b | ₪10.3b | ₪907.6m | 12.7x | 64.1x | 5.7x |
| Wed, 31 Jan 2024 | ₪51.9b | ₪10.3b | ₪895.5m | 13.4x | 57.9x | 5x |
| Fri, 29 Dec 2023 | ₪47.9b | ₪10.2b | ₪883.5m | 11.6x | 54.3x | 4.7x |
| Sun, 26 Nov 2023 | ₪47.2b | ₪10.5b | ₪913.9m | 10.8x | 51.7x | 4.5x |
| Tue, 24 Oct 2023 | ₪41.7b | ₪11.1b | ₪885.5m | 11.6x | 47.1x | 3.8x |
| Thu, 21 Sep 2023 | ₪44.5b | ₪10.4b | ₪804.2m | 11.6x | 55.3x | 4.3x |
| Sat, 19 Aug 2023 | ₪47.5b | ₪10.4b | ₪739.5m | 13.3x | 64.3x | 4.6x |
| Mon, 17 Jul 2023 | ₪48.7b | ₪9.8b | ₪548.4m | 27.9x | 88.8x | 5x |
| Wed, 14 Jun 2023 | ₪53.5b | ₪9.7b | ₪525.7m | 31.6x | 101.8x | 5.5x |
Price to Earnings Ratio
101.8x
Current Industry PE
- Investors are pessimistic on the Israeli Software 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 12.3x which is lower than its 3-year average PE of 35.8x.
- The 3-year average PS ratio of 3.7x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Software industry have grown 42% per year over the last three years.
- Revenues for these companies have grown 3.2% 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 industry?
| IL Market | -5.18% | |
| Tech | -1.51% | |
| Software | 5.76% | |
| Application Software | 5.90% | |
| Systems Software | -0.35% | |
Industry PE
- Investors are most optimistic about the Application Software industry even though it's trading below its 3-year average PE ratio of 33.6x.
- Analysts are expecting annual earnings growth of 7.8%, which is higher than its past year's earnings growth of 3.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 69% over the next 5 years.
- This is better than its past earnings decline of 50% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 7.8% 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 | |
|---|---|---|---|---|---|
| NICE NICE | ₪268.30 | 7.3% +₪1.1b | -56.1% | PE10x | |
| PRPD Propdo | ₪28.24 | 4.6% +₪8.9m | 43.2% | PS11.6x | |
| ALAR Alarum Technologies | ₪2.84 | 4.1% +₪8.3m | 0.8% | PE61.3x | |
| ABRA Abra Information Technologies | ₪4.06 | 1.7% +₪8.0m | 28.0% | PE31.6x | |
| IDMO Idomoo | ₪3.59 | 8.8% +₪5.2m | 27.5% | PS1.3x |