Formula Systems (1985) (FORTY) Enterprise Value (2009 - 2026)
Formula Systems (1985) (FORTY) posted quarterly Enterprise Value of -$743.4 million for Q1 2026, down 538.73% year-on-year from $169.4 million in Q1 2025, and up 13.15% on a QoQ basis from -$856.0 million in Q4 2025.
Formula Systems (1985) (FORTY) Enterprise Value (2009 - 2026) Analysis & Trends
Formula Systems (1985) (FORTY) has reported Enterprise Value for 18 consecutive years, with -$743.4 million the latest figure, recorded in Q1 2026.
- Quarterly Enterprise Value fell 538.73% year-over-year to -$743.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$743.4 million (down 538.73% YoY) and the FY2025 annual result came in at -$856.0 million, down 683.05% from the prior year.
- Enterprise Value rose to -$743.4 million in Q1 2026 per FORTY's latest filing, from -$856.0 million in the prior quarter.
- Over the last five years, Enterprise Value for FORTY reached as high as $797.9 million in Q3 2025 and fell as low as -$856.0 million in Q4 2025.
- A 5-year average of $109.0 million and a median of $169.4 million in 2025 frame the typical range for Enterprise Value.
- Annual changes were most pronounced in 2023 — Enterprise Value surged 681.49% — and 2025, when it plunged 683.05%.
- Year by year, Enterprise Value stood at $56.7 million in 2022, then jumped by 171.91% to $154.3 million in 2023, then declined by 4.83% to $146.8 million in 2024, then tumbled by 683.05% to -$856.0 million in 2025, then gained by 13.15% to -$743.4 million in 2026.
- According to Business Quant data, Enterprise Value over the past three periods registered -$743.4 million, -$856.0 million, and $797.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 193.88 Bn | 178.95 Bn | 9.91 Bn | -11.27 Bn |
| 2 | Accenture | 84.94 Bn | 75.26 Bn | 6.13 Bn | -9.68 Bn |
| 3 | GDS Holdings | 50.55 Bn | 48.40 Bn | 164.04 Mn | -2.14 Bn |
| 4 | Infosys | 44.05 Bn | 44.79 Bn | 1.60 Bn | - |
| 5 | Cgi | 41.25 Bn | 40.60 Bn | - | -649.32 Mn |
| 6 | Fidelity National Information Services | 20.63 Bn | 19.87 Bn | 1.11 Bn | -752.00 Mn |
| 7 | Cognizant Technology Solutions | 20.39 Bn | 18.87 Bn | 1.78 Bn | -1.52 Bn |
| 8 | Wipro | 18.65 Bn | 17.52 Bn | 738.00 Mn | -4.16 Bn |
| 9 | Broadridge Financial Solutions | 16.79 Bn | 16.48 Bn | 626.90 Mn | -304.80 Mn |
| 10 | Formula Systems (1985) | 1.63 Bn | 883.74 Mn | 146.04 Bn | -743.39 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -743.39 Mn |
| Dec 31, 2025 | -855.95 Mn |
| Sep 30, 2025 | 797.92 Mn |
| Jun 30, 2025 | 333.45 Mn |
| Mar 31, 2025 | 169.44 Mn |
| Dec 31, 2024 | 146.81 Mn |
| Sep 30, 2024 | 190.55 Mn |
| Jun 30, 2024 | 210.00 Mn |
| Mar 31, 2024 | 158.51 Mn |
| Dec 31, 2023 | 154.25 Mn |
| Sep 30, 2023 | 174.14 Mn |
| Jun 30, 2023 | 174.09 Mn |
| Mar 31, 2023 | 555.83 Mn |
| Dec 31, 2022 | 56.73 Mn |
| Sep 30, 2022 | 89.13 Mn |
| Jun 30, 2022 | 170.33 Mn |
| Mar 31, 2022 | 71.12 Mn |
| Dec 31, 2021 | -510.79 Mn |
| Sep 30, 2021 | 123.36 Mn |
| Jun 30, 2021 | 142.98 Mn |