Formula Systems (1985) Ltd. (FORTY)

NASDAQ: FORTY · USD

$122

-5.59 (-4.4%)· Recorded snapshot

Market cap	1.8B
Revenue (ttm)	2.9B
Net income (ttm)	631M
EPS (ttm)	$38.0
Shares out	15.3M
P/E (trailing)	3.2x
Dividend	$11.3 (9.26%)
Volume	188
Beta	0.18

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 2.9B
Net income (ttm): 631M
EPS (ttm): $38.0
P/E (trailing): 3.2x
Market cap: 1.8B

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/En/a

P25 n/aP50 n/aP75 n/a

Trailing P/E3.2

P25 n/aP50 n/aP75 n/a

ROE10.4

P25 n/aP50 n/aP75 n/a

ROIC13.8

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All FORTY indicators

Market & fundamental data

Available fields

257

Groups with data

Currency

USD

Showing 257 of 257 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001045986
Company name	Formula Systems (1985) Ltd.
Country	Israel
Country code	US
CUSIP number	346414105
Earnings date	2026-11-19
Earnings time	bmo
Employees	19,337
Employees change	-3,383
Employees growth	-14.89%
Enterprise value	$2.1B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1985
Industry	Information Technology Services
IPO date	1997-10-21
Is primary listing	No
Is SPAC	No
ISIN number	US3464141056
Last 10-K release date	2026-05-13
Last earnings date	2026-08-25
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$1.8B
Market cap category	Small-Cap
Next earnings date	2026-11-19
Options	No
Price	$122.40
Price currency	USD
Sector	Technology
SIC code	7371
Stock price date	2026-10-28
Symbol	FORTY
Website	https://www.formulasystems.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Average P/E ratio (10Y)	23.02x
Average P/E ratio (3Y)	15.2x
Average P/E ratio (5Y)	17.43x
Earnings yield	31.04%
EV/Earnings	3.4x
EV/EBIT	8.59x
EV/EBITDA	6.48x
EV/FCF	5.86x
EV/Sales	0.73x
FCF / EV yield	17.05%
FCF yield	19.24%
Graham number	312.1828
Graham upside	155.05%
Industry forward P/E	15.59x
Industry P/E	21.77x
Lynch fair value	$1,015.65
Lynch upside	729.77%
P/B ratio	1.15x
P/E ratio	3.22x
P/FCF ratio	5.2x
P/S ratio	0.65x
Price / tangible book value	5.68x
Price/EBITDA ratio	5.74x
Sector forward P/E	18.86x
Sector P/E	32.77x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	8.54%
EBITDA margin	11.32%
Effective tax rate	22.88%
FCF margin	13.32%
Gross margin	19.83%
Operating margin	8.54%
Pretax margin	7.18%
Profit margin	21.57%
Profit per employee	$32,633
Profitable quarters	73
Profitable years	23
Revenue per employee	$151,303
ROA	4.66%
ROA (5Y)	4.27%
ROCE	11.5%
ROE	10.39%
ROE (5Y)	10.71%
ROIC	13.84%
ROIC (5Y)	10.93%
Tax / revenue	1.64%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	700.79%
EPS growth (Q)	54.74%
EPS growth (QoQ)	-34.67%
EPS growth 10Y	23.07%
EPS growth 3Y	112.65%
EPS growth 5Y	65.31%
EPS growth quarters	3
EPS growth years	2
Gross profit growth	-19.43%
Gross profit growth (Q)	-14.59%
Gross profit growth 3Y	-3.21%
Gross profit growth 5Y	2.7%
Net income growth	708.57%
Net income growth (Q)	54.58%
Net income growth (QoQ)	-34.71%
Net income growth 3Y	113.41%
Net income growth 5Y	65.86%
Net income growth quarters	3
Net income growth years	2
Operating income growth	-9.48%
Operating income growth (Q)	5.54%
Operating income growth 3Y	1.56%
Operating income growth 5Y	5.72%
Revenue growth	1.26%
Revenue growth (Q)	5.26%
Revenue growth (QoQ)	5.98%
Revenue growth 10Y	13.94%
Revenue growth 3Y	3.87%
Revenue growth 5Y	5.95%
Revenue growth quarters	4
Revenue growth years	2

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-16.2M
Depreciation and amortization	$81.4M
EBIT	$249.8M
EBITDA	$331.2M
EPS	$37.99
FCF per share	$23.88
Free cash flow	$365.9M
Gross profit	$580.3M
Income taxes	$48.1M
Net income	$631M
Operating income	$249.8M
Revenue	$2.9B

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	$78.74
Debt / EBITDA	1.73
Debt / equity	0.4
Debt / FCF	1.83
Interest coverage	11.04
Long-term assets	$1.5B
Long-term liabilities	$516.5M
Net cash (debt)	$193.9M
Net cash / market cap	10.2%
Net debt / EBITDA	-0.59
Net debt / equity	-0.12
Net debt / FCF	-0.53
Piotroski F-Score	4
Property, plant and equipment	$213.7M
Shareholders' equity	$1.7B
Tangible book value	$335M
Tangible book value per share	$21.87
Total assets	$3.5B
Total cash	$864.5M
Total debt	$670.6M
Total liabilities	$1.8B
WACC	4.57%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.87
Current assets	$2B
Current liabilities	$1.3B
Current ratio	1.48
Inventory turnover	46.96
Net working capital	$105.2M
Quick ratio	1.36
Working capital	$634.4M
Working capital turnover	6.59

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-0.81%
Dividend growth	717.51%
Dividend growth (10Y)	37.48%
Dividend growth (3Y)	132.97%
Dividend growth (5Y)	61.31%
Dividend growth years	2
Dividend payment date	2026-10-16
Dividend payment years	14
Dividend payout frequency	Semi-Annual
Dividend per share	$11.34
Dividend yield	9.26%
Ex-dividend date	2026-09-22
FCF payout ratio	47.46%
Last dividend	$1.20
Payout ratio	29.27%
Shareholder yield	8.46%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	221.49%
10Y return CAGR	14.39%
10Y total return	283.41%
150-day SMA	$130.27
15Y price change	716.01%
15Y return CAGR	16.95%
15Y total return	947.23%
1D price change	-4.37%
1M price change	6.45%
1M total return	6.45%
1W price change	7.11%
1W total return	7.11%
1Y price change	-13.65%
1Y return CAGR	-6.24%
1Y total return	-6.24%
20-day SMA	$119.66
200-day SMA	$124.38
20Y price change	1,102.37%
20Y return CAGR	17.51%
20Y total return	2,420.05%
3M price change	7.37%
3M total return	8.46%
3Y price change	118.69%
3Y return CAGR	34.48%
3Y total return	143.24%
50-day SMA	$113.50
50-day SMA vs 200-day SMA	50under200
52-week high	$190.56
52-week high date	2025-12-24
52-week low	$102.01
52-week low date	2026-06-30
5Y price change	15.82%
5Y return CAGR	5.56%
5Y total return	31.09%
6M price change	-13.19%
6M total return	-5.95%
All-time high	$190.56
All-time high date	2025-12-24
All-time low	$3.46
All-time low date	2009-03-03
Average true range (ATR)	$4.51
Average volume	1.5K
Beta (5Y)	0.18
Change from 52-week high	-35.77%
Change from 52-week low	19.99%
Change from all-time high	-35.77%
Change from all-time low	3,437.6%
Change from open	-5.31%
Day's gap	1%
Dollar volume	$23,011
High price	$129.27
Low price	$118.61
Monthly RSI	54.2
Open price	$129.27
Position in 52-week range	35.56%
Premarket change	-2.39%
Premarket close	$127.99
Premarket price	$124.93
Previous close	$127.99
Price vs 150-day SMA	-6.04%
Price vs 20-day SMA	2.29%
Price vs 200-day SMA	-1.59%
Price vs 50-day SMA	7.85%
Relative volume	0.12
RSI	60.91
Sharpe ratio	0.86
Sharpe ratio (3Y)	0.33
Sharpe ratio (5Y)	0.68
Sortino ratio	1.33
Sortino ratio (3Y)	0.56
Sortino ratio (5Y)	1.14
Volume	188
Weekly RSI	51.86
YTD price change	-26.71%
YTD total return	-20.43%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	9.5M
Float percentage	62.25%
Shares change (QoQ)	0%
Shares change (YoY)	0.81%
Shares held by insiders	11.93%
Shares held by institutions	50.59%
Shares outstanding	15.3M
Short % of shares	0.02%
Short ratio	2 days

Deeper analysis on FORTY

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Frequently asked questions

About this FORTY report

Is a complete FORTY research report available?

No complete published report is available for Formula Systems (1985) Ltd. (FORTY) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

Formula Systems (1985) Ltd. (FORTY)

Price

Financial snapshot

Fair-value bridge

Latest news · FORTY

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All FORTY indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on FORTY

Frequently asked questions