As of January 21, 2025, BANK LEUMI LE-ISRAEL is the most valuable company in Israel, with a market cap of $19.45 billion. Following it are BANK HAPOALIM ($17.56 billion) and ELBIT SYSTEMS LTD. ($13.3 billion).
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 CAPITAL (USD DOLLER) |
|---|---|---|
| 1 | BANK LEUMI LE-ISRAEL B.M. | $19.45 billion |
| 2 | BANK HAPOALIM B.M. | $17.56 billion |
| 3 | ELBIT SYSTEMS LTD. | $13.3 billion |
| 4 | MIZRAHI TEFAHOT BANK LTD. | $12.43 billion |
| 5 | AZRIELI GROUP LTD. | $10.67 billion |
| 6 | NICE LTD. | $10.35 billion |
| 7 | ISRAEL DISCOUNT BANK LIMITED | $9.25 billion |
| 8 | FIRST INTERNATIONAL BANK OF ISRAEL LTD | $5.5 billion |
| 9 | BEZEQ THE ISRAEL TELECOMMUNICATION CORP. LTD | $4.46 billion |
| 10 | MELISRON LTD. | $4.45 billion |
| 11 | PHOENIX FINANCIAL LTD | $4.15 billion |
| 12 | NEWMED ENERGY - LIMITED PARTNERSHIP | $4.08 billion |
| 13 | BIG SHOPPING CENTERS LTD | $3.95 billion |
| 14 | HAREL INSURANCE INVESTMENTS & FINANCIAL SERVICES LTD | $3.15 billion |
| 15 | MENORA MIVTACHIM HOLDINGS LTD | $2.86 billion |
| 16 | AMOT INVESTMENTS LTD. | $2.84 billion |
| 17 | DELEK GROUP LTD. | $2.84 billion |
| 18 | SHUFERSAL LTD | $2.83 billion |
| 19 | SHAPIR ENGINEERING AND INDUSTRY LTD | $2.73 billion |
| 20 | STRAUSS GROUP LTD. | $2.37 billion |
| 21 | FATTAL HOLDINGS (1998) LTD | $2.37 billion |
| 22 | OPC ENERGY LTD. | $2.36 billion |
| 23 | NAVITAS PETROLEUM, LIMITED PARTNERSHIP | $2.33 billion |
| 24 | ISRAEL CORPORATION LTD | $2.32 billion |
| 25 | MIVNE REAL ESTATE (K.D) LTD | $2.32 billion |
| 26 | ELECTRA LIMITED | $2.22 billion |
| 27 | MIGDAL INSURANCE AND FINANCIAL HOLDINGS LTD. | $2.16 billion |
| 28 | Y.H. DIMRI CONSTRUCTION & DEVELOPMENT LTD | $2.14 billion |
| 29 | CLAL INSURANCE ENTERPRISES HOLDINGS LTD. | $2.14 billion |
| 30 | ENLIGHT RENEWABLE ENERGY LTD | $2.13 billion |
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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