Formula Systems (1985) FORTY

NASDAQ FORTY
$117.08 +2.81 (+2.45%)
As of: Oct 20, 2026 · 11:57 AM EDT

Formula Systems (1985) (FORTY) stock price is $117.08, up 2.45% on the day, as of Oct 20, 2026. It has a market cap of $1.79Bn and a P/E ratio of 2.84, and is classified in the IT Services industry (Technology sector).

Key Stats
Market Cap1.79 Bn
P/E2.84
P/S0.61
Div. Yield0.00
Total Debt (Qtr)168.15 Mn
Revenue Growth (1y) (Qtr)29.82
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About

Formula Systems (1985) Ltd is a global information technology company that delivers software consulting services computer based business solutions and develops proprietary software products through its investees. The company operates primarily in Israel and serves customers worldwide across sectors such as banking finance government healthcare transportation and education. Its strategy focuses on creating long term value by supporting the growth of its subsidiaries and…

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Sector: Technology Sector rationale The company's dominant revenue streams come from IT services, proprietary software development, and cloud computing through subsidiaries like Matrix, Sapiens, and Magic Software. A secondary sector of Industrials is justified because the company also operates substantial physical infrastructure and staffing businesses, such as Hashahar Telecom (fiber optics installation), InSync (staffing services), and Ofek Aerial Photography. Industries: +2 more IT Services IT Services Primary The company's primary revenue is generated through its subsidiaries, such as Matrix and TSG Systems, which provide IT services, system integration, software development, and digital transformation consulting to banking, government, and healthcare clients. Insurtech Insurtech Secondary Through its subsidiary Sapiens, the company designs and markets proprietary software platforms specifically for the insurance industry, covering property, casualty, life, and pension lines. Digital Advertising Digital Advertising Secondary The Zap Group subsidiary focuses on providing digital advertising solutions, social media services, and digital branding for travel businesses and large enterprises. Classified using BQ-MICS CIK: 0001045986

Geographical Breakdown of Revenue (2025)

History

Products and services [axis] Breakdown of Revenue (2025)

History
Peer percentiles

How Formula Systems (1985) ranks

Ranked against the 66 companies in Technology Services58 metrics · as of Oct 16, 2026

Valuation

12 metrics · Lower multiples rank higher; a negative multiple ranks last
  • P/E 2.70xMedian 16.7x 98th
  • P/FCF —Median 11.3x No data —
  • P/Operating cash flow —Median 10.1x No data —
  • P/S 0.58xMedian 0.66x 55th
  • P/B 1.03xMedian 1.52x 64th
  • P/Tangible book 1.03xMedian 2.10x 81st
  • EV/EBITDA —Median 10.1x No data —
  • EV/EBIT 4.04xMedian 13.4x 99th
  • EV/Revenue 0.35xMedian 0.73x 83rd
  • EV/FCF —Median 13.0x No data —
  • EV/Operating cash flow —Median 11.2x No data —
  • PEG (3Y EPS CAGR) 0.02Median 1.49 99th
Peer group

Peer Comparison

Companies in the IT Services
View all peers
S.No. Ticker Company Market CapP/EP/STotal Debt (Qtr)
1 INFY Infosys Ltd 51.99 Bn0.170.04-
2 CTSH Cognizant Technology Solutions Corp 31.73 Bn14.291.471.56 Bn
3 WIT Wipro Ltd 21.53 Bn14.942.081.88 Bn
4 CDW CDW Corp 19.81 Bn18.340.845.82 Bn
5 SNX Td Synnex Corp 19.67 Bn14.840.265.52 Bn
6 GIB Cgi Inc 17.51 Bn17.911.952.61 Bn
7 ARW Arrow Electronics, Inc. 11.06 Bn13.630.312.17 Bn
8 FORTY Formula Systems (1985) Ltd 1.79 Bn2.840.610.17 Bn