As of March 12, 2024, NICE LTD is the most valuable company in Israel, with a market cap of $15.21 billion. Following it are BANK HAPOALIM ($12.51 billion) and BANK LEUMI LE-ISRAEL ($11.95 billion). Israel’s top five most valuable companies include some of the world’s most renowned brands: MIZRAHI TEFAHOT BANK (No. 4, $9.78 billion) and ELBIT SYSTEMS (No. 5, $9.56 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 CAPITAL (USD DOLLER) | CEO |
|---|---|---|---|
| 1 | NICE LTD. | $15.21 billion | Barak Eilam |
| 2 | BANK HAPOALIM B.M. | $12.51 billion | Dov Kotler |
| 3 | BANK LEUMI LE-ISRAEL B.M. | $11.95 billion | Hanan Friedman |
| 4 | MIZRAHI TEFAHOT BANK LTD. | $9.78 billion | Moshe Lari |
| 5 | ELBIT SYSTEMS LTD. | $9.56 billion | Bezhalel Machlis |
| 6 | AZRIELI GROUP LTD | $8.66 billion | Eyal Henkin |
| 7 | ICL GROUP LTD | $6.78 billion | Raviv Zoller |
| 8 | ISRAEL DISCOUNT BANK LIMITED | $6.31 billion | Uri Levin |
| 9 | FIRST INTERNATIONAL BANK OF ISRAEL LTD | $4.23 billion | Eli Cohen |
| 10 | BEZEQ THE ISRAEL TELECOMMUNICATION CORP. LTD | $3.7 billion | Ran Guron |
| 11 | MELISRON LTD. | $3.52 billion | Ophir Sarid |
| 12 | NEWMED ENERGY - LIMITED PARTNERSHIP | $3.16 billion | Yossi Abu |
| 13 | THE PHOENIX HOLDINGS LTD. | $2.59 billion | Andy Briggs |
| 14 | BIG SHOPPING CENTERS LTD | $2.64 billion | Lev Weiss |
| 15 | DELEK GROUP LTD. | $2.41 billion | Idan Wallance |
| 16 | AMOT INVESTMENT LTD | $2.28 billion | Shimon Abudraham |
| 17 | STRAUSS GROUP LTD. | $2.23 billion | Shai Babad |
| 18 | FATTAL HOLDINGS (1998) LTD | $2.17 billion | David Fattal |
| 19 | SHAPIR ENGINEERING AND INDUSTRY LTD | $2.17 billion | Israel Shapira |
| 20 | HAREL INSURANCE INVESTMENTS & FINANCIAL SERVICES LTD | $2.04 billion | Michel Siboni |
| 21 | AIRPORT CITY LTD. | $2.03 billion | Haim Tsuff |
| 22 | ENLIGHT RENEWABLE ENERGY LTD | $2.05 billion | Gilad Yavetz |
| 23 | ISRAEL CORPORATION LTD | $1.98 billion | Yoav Doppelt |
| 24 | ENERGIX - RENEWABLE ENERGIES LTD. | $2.01 billion | Asa (Asi) Levinger |
| 25 | MIVNE REAL ESTATE (K.D) LTD | $2.03 billion | David Zvida |
| 26 | SHUFERSAL LTD | $1.84 billion | Ori Watermann |
| 27 | AFI PROPERTIES LTD. | $1.69 billion | Avi Barzilay |
| 28 | MENORA MIVTACHIM HOLDINGS LTD | $1.66 billion | Ari Kalman |
| 29 | GAV-YAM LANDS CORP. LTD | $1.69 billion | Avi Jacobovitz |
| 30 | ELECTRA LIMITED | $1.62 billion | Itamar Deutscher |
| 31 | OPC ENERGY LTD. | $1.64 billion | Giora Almogi |
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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