Formula Systems (1985) Ltd.
FORTY
Last
$111.25
Day
+1.0%
1y
+76.3%
5y
+428.5%
52w
-33.4%
SPY YTD
+13.3%
XLK
+37.1%
Earnings
2026-11-1939d
EMA 21
116.43
EMA 50
116.19
EMA 200
110.54
20d high
-8.4%
5y high
-33.4%
5y range
62th
Positions held
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Score
14
Hold
watch
Signal
Neutral
Target
$132.00
Stop
$111.22
Stop distance
0.0%
Target vs last
+18.6%
Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
Bull case
- Formula Systems operates in the growing Information Technology Services sector, which is expected to see increased demand as businesses continue to digitize operations.
- Revenue increased by 6% from the prior quarter, reaching $782 million in Q2 2026.
- Gross margin improved to 20.2%, up from 19.8% in the previous quarter.
Bear case
- The company's trailing P/E ratio of 25.03 suggests it may be overvalued compared to industry peers.
- Net income dropped to $23.269 million in Q2 2026 from $35.639 million in Q1 2026.
- The overall score is neutral at 14.00, indicating mixed signals in market performance.
Fundamentals
| Market cap | $1.81B | Enterprise value | $2.07B | Trailing P/E | 25.03 | Forward P/E | — |
| PEG | 4.07 | Price / book | 1.50 | Beta | 0.18 | Dividend yield | 2.26% |
| Revenue growth | 5.3% | Earnings growth | 54.7% | Gross margin | 19.8% | Operating margin | 9.2% |
| Profit margin | 21.6% | ROE | 10.4% | ROA | 4.7% | Debt / equity | 0.40 |
| Current ratio | 1.48 | Free cash flow | — | Analyst recommendation | none | Mean target | — |
| 52w high | $190.56 | 52w low | $102.01 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | |
|---|---|---|---|---|---|
| Revenue | $782M | $738M | $708M | $697M | $603M |
| Op margin | 9.2% | 11.1% | 5.9% | 7.8% | 8.4% |
| Net income | $23.3M | $35.6M | $555M | $17.3M | $15.1M |
| Gross margin | 20.2% | 19.8% | 19.8% | 19.5% | 20.4% |
| Gross profit | $158M | $146M | $140M | $136M | $123M |
| Operating income | $71.6M | $82.0M | $41.6M | $54.6M | $50.7M |
- Revenue +6% vs prior quarter ($782M vs $738M).
- Gross margin 20.2% (was 19.8% prior quarter).
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $2.6B | $2.2B | $2.1B | $2.6B | — |
| Op margin | 7.5% | 8.3% | 7.5% | 9.0% | — |
| Net income | $606M | $79.7M | $64.0M | $81.4M | — |
| Gross margin | 19.8% | 20.1% | 20.0% | 24.2% | — |
| Gross profit | $519M | $446M | $421M | $622M | — |
| Operating income | $196M | $183M | $158M | $232M | — |
Headline scan
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
Price (daily)
Full chart · RSI · MACD · patternsFORTY · daily-6.0% over 10 sessions
Close EMA21 EMA50 EMA200
Quarterly · revenue, net income, margins
Revenue Net income Gross margin Op margin