TASE:TASECapital Markets
Tel Aviv Stock Exchange (TASE:TASE) Stock P/E Premium Meets Record Margins
TASE stock closed at ₪122 on 5 August, capping a 7 day gain of about 2% but still down roughly 26% over three months. The market is wrestling with a simple question: How much are investors willing to pay for this earnings run?
The headline from Q2 is clear. Tel Aviv Stock Exchange delivered record quarterly revenue of ₪185.4m and net income of ₪78.9m, while net margins over the last year sat close to 39%. That profit strength now meets a P/E of 44.4x, which leaves valuation at the center of...