Formula Systems (1985) (FORTY) EV to EBIT (2009 - 2026)
Formula Systems (1985)'s EV to EBIT was 4.60 in Q2 2026, down 60.3% from 11.61 a year earlier but up 11.2% from the prior quarter.
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Analysis
Formula Systems (1985) (FORTY) EV to EBIT (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Formula Systems (1985)'s EV to EBIT was -5.26 through Jun 30, 2026; for FY2025, it came in at 8.68, up 5.3% from FY2024.
- EV to EBIT has now increased for three consecutive years.
- In earlier years, EV to EBIT was 8.24 in FY2024 (+22.5%), 6.73 in FY2023 (+59.6%), 4.21 in FY2022 (-56.9%) and 9.77 in FY2021 (+18.2%).
- Quarterly EV to EBIT has moved between 4.01 (Q1 2023) and 14.54 (Q3 2025) over five years.
- Compared with a year earlier, EV to EBIT was higher in six of the last eight quarters, with growth averaging 30.9%.
- The best year-over-year quarter for EV to EBIT over five years was Q3 2025 (growth of 143.3%); the worst was Q2 2026 (a decline of 60.3%).
- Per Business Quant data, FORTY's EV to EBIT in the three quarters before Q2 2026 was 4.14 (Q1 2026), 8.68 (Q4 2025) and 14.54 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Infosys | 52.40 Bn | 38.90 Bn | 1.60 Bn |
| 2 | Cognizant Technology Solutions | 32.46 Bn | 25.62 Bn | 1.83 Bn |
| 3 | Wipro | 22.47 Bn | 17.61 Bn | 745.00 Mn |
| 4 | Cdw | 20.15 Bn | 18.14 Bn | 1.32 Bn |
| 5 | Td Synnex | 19.94 Bn | 14.10 Bn | 1.43 Bn |
| 6 | Cgi | 17.74 Bn | 15.53 Bn | - |
| 7 | Arrow Electronics | 11.21 Bn | 10.16 Bn | 1.13 Bn |
| 8 | Avnet | 7.65 Bn | 6.83 Bn | 865.03 Mn |
| 9 | EPAM Systems | 7.01 Bn | 2.65 Bn | 429.57 Mn |
| 10 | Formula Systems (1985) | 1.83 Bn | -1.52 Bn | 158.43 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.60 |
| Mar 31, 2026 | 4.14 |
| Dec 31, 2025 | 8.58 |
| Sep 30, 2025 | 14.54 |
| Jun 30, 2025 | 11.61 |
| Mar 31, 2025 | 7.27 |
| Dec 31, 2024 | 6.87 |
| Sep 30, 2024 | 5.97 |
| Jun 30, 2024 | 5.34 |
| Mar 31, 2024 | 5.93 |
| Dec 31, 2023 | 4.83 |
| Sep 30, 2023 | 5.54 |
| Jun 30, 2023 | 5.52 |
| Mar 31, 2023 | 4.01 |
| Dec 31, 2022 | 4.21 |
| Sep 30, 2022 | 6.72 |
| Jun 30, 2022 | 8.02 |
| Mar 31, 2022 | 10.09 |
| Dec 31, 2021 | 6.78 |
| Sep 30, 2021 | 34.33 |
API Access
Formula Systems (1985) EV to EBIT API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebit&ticker=FORTY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebit", "ticker": "FORTY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebit&ticker=FORTY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();