Israel's Largest Companies by market capitalization, 2024
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Israel’s Largest Companies by market capitalization, 2024
As of February 12, 2024, NICE LTD is the most valuable company in Israel, with a market cap of $13.99 billion. Following it are BANK HAPOALIM ($11.3 billion) and BANK LEUMI LE-ISRAEL ($10.77 billion). Israel’s top five most valuable companies include some of the world’s most renowned brands: ELBIT SYSTEMS(No. 4, $9.06 billion) and MIZRAHI TEFAHOT BANK (No. 5, $9.05 billion).
Overall, among Israel’s top 10 largest companies by market capitalization, the sixth, seventh, eighth, ninth, and tenth positions are held by AZRIELI GROUP LTD, ICL GROUP LTD, ISRAEL DISCOUNT BANK LIMITED, FIRST INTERNATIONAL BANK OF ISRAEL LTD, and BEZEQ THE ISRAEL TELECOMMUNICATION CORP. LTD.
Which one is the most valuable in Israel by market cap? This list comprises the biggest companies currently in Israel by market cap in 2024:
Israel's Largest Companies by market capitalization, 2024
| RANK | COMPANY | MARKET CAP (US $) |
|---|---|---|
| 1 | NICE LTD. | 13.99 B |
| 2 | BANK HAPOALIM B.M. | 11.3 B |
| 3 | BANK LEUMI LE-ISRAEL B.M. | 10.77 B |
| 4 | ELBIT SYSTEMS LTD. | 9.06 B |
| 5 | MIZRAHI TEFAHOT BANK LTD. | 9.06 B |
| 6 | AZRIELI GROUP LTD | 7.71 B |
| 7 | ICL GROUP LTD | 5.78 B |
| 8 | ISRAEL DISCOUNT BANK LIMITED | 5.76 B |
| 9 | FIRST INTERNATIONAL BANK OF ISRAEL LTD | 3.82 B |
| 10 | BEZEQ THE ISRAEL TELECOMMUNICATION CORP. LTD | 3.63 B |
| 11 | MELISRON LTD. | 3.37 B |
| 12 | NEWMED ENERGY - LIMITED PARTNERSHIP | 3.37 B |
| 13 | THE PHOENIX HOLDINGS LTD. | 2.52 B |
| 14 | BIG SHOPPING CENTERS LTD | 2.38 B |
| 15 | AMOT INVESTMENT LTD | 2.28 B |
| 16 | STRAUSS GROUP LTD. | 2.26 B |
| 17 | DELEK GROUP LTD. | 2.26 B |
| 18 | ENLIGHT RENEWABLE ENERGY LTD | 2.01 B |
| 19 | SHAPIR ENGINEERING AND INDUSTRY LTD | 1.95 B |
| 20 | ENERGIX - RENEWABLE ENERGIES LTD. | 1.95 B |
| 21 | AIRPORT CITY LTD. | 1.94 B |
| 22 | FATTAL HOLDINGS (1998) LTD | 1.93 B |
| 23 | MIVNE REAL ESTATE (K.D) LTD | 1.88 B |
| 24 | HAREL INSURANCE INVESTMENTS & FINANCIAL SERVICES LTD | 1.79 B |
| 25 | ISRAEL CORPORATION LTD | 1.76 B |
Market capitalization, commonly known as market cap, refers to the total market value of a company’s outstanding shares. It is calculated by multiplying the current stock price by the total number of shares outstanding. For example, if a company has 2.34 billion shares outstanding and its stock price is $66.66 per share, its market cap would be $156 billion (2,340,000,000 x $66.66). Investors often use the market cap as a quick estimate of a company’s overall value and as a factor in determining whether to buy a stock. Stocks are often categorized by market cap: mega-cap ($100 billion-plus), large-cap ($10 billion-$100 billion), mid-cap ($2 billion-$10 billion), small-cap ($300 million-$2 billion), and micro-cap (less than $300 million).
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