El Al Israel Airlines Ltd. (TLV:ELAL) Surges 33% Yet Its Low P/E Is No Reason For Excitement
May 23
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Israeli (TA) Market Analysis & Valuation
UpdatedMay 24, 2025
DataAggregated Company Financials
Companies475
- 7D-2.0%
- 3M3.2%
- 1Y39.4%
- YTD9.3%
Over the last 7 days, the market has dropped 2.0%, driven by a decline of 4.3% in the Real Estate sector. As for the longer term, the market has actually risen by 39% in the last year. Earnings are forecast to grow by 22% annually.
Market Valuation and Performance
Has the Israeli Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 24 May 2025 | ₪1.1t | ₪796.7b | ₪81.0b | 13.9x | 13.5x | 1.4x |
| Mon, 21 Apr 2025 | ₪1.1t | ₪793.6b | ₪80.1b | 13.8x | 13.2x | 1.3x |
| Wed, 19 Mar 2025 | ₪1.1t | ₪786.2b | ₪75.4b | 13.9x | 14.1x | 1.4x |
| Fri, 14 Feb 2025 | ₪1.1t | ₪774.4b | ₪70.4b | 14.8x | 15.1x | 1.4x |
| Sun, 12 Jan 2025 | ₪1.0t | ₪766.7b | ₪71.5b | 14.2x | 14.1x | 1.3x |
| Tue, 10 Dec 2024 | ₪986.2b | ₪767.1b | ₪69.2b | 13.6x | 14.3x | 1.3x |
| Thu, 07 Nov 2024 | ₪893.9b | ₪747.9b | ₪64.1b | 12.5x | 14x | 1.2x |
| Sat, 05 Oct 2024 | ₪842.5b | ₪778.0b | ₪65.7b | 11.7x | 12.8x | 1.1x |
| Mon, 02 Sep 2024 | ₪832.3b | ₪771.0b | ₪64.7b | 11.6x | 12.9x | 1.1x |
| Wed, 31 Jul 2024 | ₪795.3b | ₪770.8b | ₪60.7b | 11.8x | 13.1x | 1x |
| Fri, 28 Jun 2024 | ₪761.1b | ₪770.5b | ₪60.7b | 11.4x | 12.5x | 1x |
| Sun, 26 May 2024 | ₪790.7b | ₪747.6b | ₪57.7b | 11.9x | 13.7x | 1.1x |
| Tue, 23 Apr 2024 | ₪811.2b | ₪754.7b | ₪58.9b | 12.2x | 13.8x | 1.1x |
| Thu, 21 Mar 2024 | ₪855.3b | ₪743.7b | ₪53.3b | 12.6x | 16.1x | 1.1x |
| Sat, 17 Feb 2024 | ₪799.5b | ₪744.8b | ₪55.7b | 12x | 14.4x | 1.1x |
| Mon, 15 Jan 2024 | ₪807.5b | ₪756.5b | ₪55.9b | 11.8x | 14.4x | 1.1x |
| Wed, 13 Dec 2023 | ₪768.9b | ₪756.4b | ₪56.9b | 10.4x | 13.5x | 1x |
| Fri, 10 Nov 2023 | ₪740.2b | ₪748.7b | ₪62.3b | 10x | 11.9x | 1x |
| Sun, 08 Oct 2023 | ₪802.6b | ₪751.1b | ₪64.3b | 11.4x | 12.5x | 1.1x |
| Tue, 05 Sep 2023 | ₪784.5b | ₪730.7b | ₪64.4b | 11.4x | 12.2x | 1.1x |
| Thu, 03 Aug 2023 | ₪807.5b | ₪685.6b | ₪71.2b | 10.5x | 11.3x | 1.2x |
| Sat, 01 Jul 2023 | ₪773.9b | ₪686.6b | ₪71.5b | 10.5x | 10.8x | 1.1x |
| Mon, 29 May 2023 | ₪767.5b | ₪675.4b | ₪82.5b | 9.6x | 9.3x | 1.1x |
| Wed, 26 Apr 2023 | ₪740.6b | ₪664.1b | ₪83.4b | 9.1x | 8.9x | 1.1x |
| Fri, 24 Mar 2023 | ₪766.6b | ₪673.7b | ₪95.9b | 8.6x | 8x | 1.1x |
| Sun, 19 Feb 2023 | ₪793.0b | ₪663.1b | ₪96.4b | 8.9x | 8.2x | 1.2x |
| Tue, 17 Jan 2023 | ₪827.1b | ₪655.4b | ₪95.7b | 9.3x | 8.6x | 1.3x |
| Thu, 15 Dec 2022 | ₪819.2b | ₪654.9b | ₪96.9b | 9.2x | 8.5x | 1.3x |
| Sat, 12 Nov 2022 | ₪890.1b | ₪650.3b | ₪93.4b | 10x | 9.5x | 1.4x |
| Mon, 10 Oct 2022 | ₪864.1b | ₪647.8b | ₪92.0b | 10.5x | 9.4x | 1.3x |
| Wed, 07 Sep 2022 | ₪941.2b | ₪661.2b | ₪92.2b | 11.4x | 10.2x | 1.4x |
| Fri, 05 Aug 2022 | ₪916.9b | ₪657.5b | ₪89.4b | 12.1x | 10.3x | 1.4x |
| Sun, 03 Jul 2022 | ₪868.0b | ₪655.9b | ₪85.2b | 11.9x | 10.2x | 1.3x |
| Tue, 31 May 2022 | ₪903.0b | ₪657.6b | ₪82.1b | 11.8x | 11x | 1.4x |
Price to Earnings Ratio
11x
Current Market PE
- Investors are optimistic on the Israeli market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 13.5x which is higher than its 3-year average PE of 11.9x.
Past Earnings Growth
- The earnings for Israeli listed companies have remained mostly flat over the last three years.
- Meanwhile revenues have grown 6.6% 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 and as a result, profits have held steady.
Sector Trends
Which sectors have driven the changes within the Israeli Market?
| IL Market | -2.02% | |
| Tech | 2.06% | |
| Financials | -0.20% | |
| Materials | -0.69% | |
| Healthcare | -1.25% | |
| Industrials | -2.54% | |
| Telecom | -2.62% | |
| Consumer Staples | -2.67% | |
| Utilities | -2.76% | |
| Energy | -3.16% | |
| Real Estate | -4.26% | |
| Consumer Discretionary | -7.42% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth which is trading above its 3-year average PE ratio.
- The market's confidence is likely because analysts are expecting annual earnings growth of 31.9%, which is higher than its past year's earnings growth of 21.1% per year.
- The Financials sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 7.4x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 59% over the next 5 years.
- This is better than its past earnings growth rate of 30% per year.
- In contrast, the Utilities sector is expected to see its earnings decline by 30% 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 | Sector | |
|---|---|---|---|---|---|---|
| NICE NICE | ₪585.60 | 6.0% +₪2.1b | -18.9% | PE22.1x | Tech | |
| POLI Bank Hapoalim B.M | ₪56.56 | 2.3% +₪1.6b | 70.7% | PB1.2x | Financials | |
| LUMI Bank Leumi le-Israel B.M | ₪54.36 | 1.3% +₪997.4m | 86.2% | PB1.3x | Financials | |
| ELAL El Al Israel Airlines | ₪13.59 | 13.9% +₪969.1m | 173.5% | PE3.7x | Industrials | |
| QLTU Qualitau | ₪302.10 | 20.8% +₪242.5m | 108.1% | PE27x | Tech |
