As of November 18, 2024, BANK LEUMI LE-ISRAEL is the most valuable company in Israel, with a market cap of $16.53 billion. Following it are BANK HAPOALIM ($15.13 billion) and MIZRAHI TEFAHOT BANK LTD. ($11.23 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. | $16.53 billion |
| 2 | BANK HAPOALIM B.M. | $15.13 billion |
| 3 | MIZRAHI TEFAHOT BANK LTD. | $11.23 billion |
| 4 | NICE LTD. | $10.96 billion |
| 5 | ELBIT SYSTEMS LTD. | $10.57 billion |
| 6 | AZRIELI GROUP LTD. | $9.64 billion |
| 7 | ISRAEL DISCOUNT BANK LIMITED | $7.81 billion |
| 8 | FIRST INTERNATIONAL BANK OF ISRAEL LTD | $4.7 billion |
| 9 | MELISRON LTD. | $3.95 billion |
| 10 | BEZEQ THE ISRAEL TELECOMMUNICATION CORP. LTD | $3.83 billion |
| 11 | NEWMED ENERGY - LIMITED PARTNERSHIP | $3.67 billion |
| 12 | PHOENIX FINANCIAL LTD | $3.1 billion |
| 13 | BIG SHOPPING CENTERS LTD | $2.96 billion |
| 14 | SHUFERSAL LTD | $2.54 billion |
| 15 | AMOT INVESTMENTS LTD. | $2.46 billion |
| 16 | SHAPIR ENGINEERING AND INDUSTRY LTD | $2.45 billion |
| 17 | HAREL INSURANCE INVESTMENTS & FINANCIAL SERVICES LTD | $2.31 billion |
| 18 | DELEK GROUP LTD. | $2.24 billion |
| 19 | FATTAL HOLDINGS (1998) LTD | $2.2 billion |
| 20 | MENORA MIVTACHIM HOLDINGS LTD | $2.18 billion |
| 21 | OPC ENERGY LTD. | $2.14 billion |
| 22 | MIVNE REAL ESTATE (K.D) LTD | $2.09 billion |
| 23 | STRAUSS GROUP LTD. | $1.99 billion |
| 24 | ENLIGHT RENEWABLE ENERGY LTD | $1.95 billion |
| 25 | Y.H. DIMRI CONSTRUCTION & DEVELOPMENT LTD | $1.95 billion |
| 26 | ENERGIX - RENEWABLE ENERGIES LTD. | $1.92 billion |
| 27 | AIRPORT CITY LTD. | $1.83 billion |
| 28 | MIGDAL INSURANCE AND FINANCIAL HOLDINGS LTD. | $1.82 billion |
| 29 | ELECTRA LIMITED | $1.78 billion |
| 30 | ISRAEL CORPORATION LTD | $1.78 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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