Formula Systems (1985) (FORTY) Enterprise Value (2009 - 2026)
Formula Systems (1985)'s (FORTY) quarterly Enterprise Value came in at $1.1 billion in Q2 2026, down 49.84% on a YoY basis from $2.3 billion in Q2 2025, and up 21.32% quarter-over-quarter from $947.8 million in Q1 2026.
Analysis
Formula Systems (1985) (FORTY) Enterprise Value (2009 - 2026) Analysis & Trends
Formula Systems (1985) (FORTY) has reported Enterprise Value for 18 consecutive years, with $1.1 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Enterprise Value fell 49.84% year-over-year to $1.1 billion; the trailing twelve-month figure through Jun 2026 stood at $1.1 billion (down 49.84% YoY), and the FY2025 full-year result was $1.7 billion, up 12.8% from the prior year.
- Enterprise Value climbed to $1.1 billion in Q2 2026 per FORTY's latest filing, from $947.8 million in the prior quarter.
- Across five years, Enterprise Value topped out at $2.9 billion in Q3 2025 and bottomed at $947.8 million in Q1 2026.
- Historically, Enterprise Value has averaged $1.5 billion across 5 years, with a median of $1.4 billion in 2022.
- The sharpest annual moves came in 2025 and 2026: Enterprise Value surged 108.07% in 2025, then plunged 49.84% in 2026.
- Over 5 years, Enterprise Value stood at $1.2 billion in 2022, then advanced by 5.71% to $1.2 billion in 2023, then climbed by 22.64% to $1.5 billion in 2024, then advanced by 12.8% to $1.7 billion in 2025, then tumbled by 32.56% to $1.1 billion in 2026.
- According to Business Quant data, Enterprise Value over the past three periods registered $1.1 billion, $947.8 million, and $1.7 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Infosys | 44.97 Bn | 44.97 Bn | 1.60 Bn |
| 2 | Cognizant Technology Solutions | 27.17 Bn | 26.12 Bn | 1.83 Bn |
| 3 | Cgi | 15.39 Bn | 14.81 Bn | - |
| 4 | EPAM Systems | 5.98 Bn | 5.19 Bn | 429.57 Mn |
| 5 | Science Applications International | 5.46 Bn | 5.34 Bn | 239.00 Mn |
| 6 | ExlService Holdings | 5.28 Bn | 5.00 Bn | 225.96 Mn |
| 7 | Kyndryl Holdings | 2.79 Bn | 680.69 Mn | 776.00 Mn |
| 8 | Formula Systems (1985) | 1.98 Bn | 1.56 Bn | 158.43 Mn |
| 9 | DXC Technology | 1.80 Bn | -204.47 Mn | 611.00 Mn |
| 10 | Innodata | 1.78 Bn | 1.53 Bn | 42.46 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.15 Bn |
| Mar 31, 2026 | 947.76 Mn |
| Dec 31, 2025 | 1.70 Bn |
| Sep 30, 2025 | 2.95 Bn |
| Jun 30, 2025 | 2.29 Bn |
| Mar 31, 2025 | 1.54 Bn |
| Dec 31, 2024 | 1.51 Bn |
| Sep 30, 2024 | 1.42 Bn |
| Jun 30, 2024 | 1.31 Bn |
| Mar 31, 2024 | 1.43 Bn |
| Dec 31, 2023 | 1.23 Bn |
| Sep 30, 2023 | 1.33 Bn |
| Jun 30, 2023 | 1.32 Bn |
| Mar 31, 2023 | 1.11 Bn |
| Dec 31, 2022 | 1.17 Bn |
| Sep 30, 2022 | 1.38 Bn |
| Jun 30, 2022 | 1.63 Bn |
| Mar 31, 2022 | 1.65 Bn |
| Dec 31, 2021 | 2.05 Bn |
| Sep 30, 2021 | 1.66 Bn |