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CEOWORLD magazine - Latest - Banking and Finance - Israel’s Largest Companies by market capitalization, 2024

Banking and Finance

Israel’s Largest Companies by market capitalization, 2024

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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 COMPANYMARKET CAPITAL (USD DOLLER)CEO
1NICE LTD. $15.21 billionBarak Eilam
2BANK HAPOALIM B.M.$12.51 billionDov Kotler
3BANK LEUMI LE-ISRAEL B.M.$11.95 billionHanan Friedman
4MIZRAHI TEFAHOT BANK LTD.$9.78 billionMoshe Lari
5ELBIT SYSTEMS LTD.$9.56 billionBezhalel Machlis
6AZRIELI GROUP LTD$8.66 billionEyal Henkin
7ICL GROUP LTD$6.78 billionRaviv Zoller
8ISRAEL DISCOUNT BANK LIMITED$6.31 billionUri Levin
9FIRST INTERNATIONAL BANK OF ISRAEL LTD$4.23 billionEli Cohen
10BEZEQ THE ISRAEL TELECOMMUNICATION CORP. LTD$3.7 billionRan Guron
11MELISRON LTD.$3.52 billionOphir Sarid
12NEWMED ENERGY - LIMITED PARTNERSHIP$3.16 billionYossi Abu
13THE PHOENIX HOLDINGS LTD.$2.59 billionAndy Briggs
14BIG SHOPPING CENTERS LTD$2.64 billionLev Weiss
15DELEK GROUP LTD.$2.41 billionIdan Wallance
16AMOT INVESTMENT LTD$2.28 billionShimon Abudraham
17STRAUSS GROUP LTD.$2.23 billionShai Babad
18FATTAL HOLDINGS (1998) LTD$2.17 billionDavid Fattal
19SHAPIR ENGINEERING AND INDUSTRY LTD$2.17 billionIsrael Shapira
20HAREL INSURANCE INVESTMENTS & FINANCIAL SERVICES LTD$2.04 billionMichel Siboni
21AIRPORT CITY LTD.$2.03 billionHaim Tsuff
22ENLIGHT RENEWABLE ENERGY LTD$2.05 billionGilad Yavetz
23ISRAEL CORPORATION LTD$1.98 billionYoav Doppelt
24ENERGIX - RENEWABLE ENERGIES LTD.$2.01 billionAsa (Asi) Levinger
25MIVNE REAL ESTATE (K.D) LTD$2.03 billionDavid Zvida
26SHUFERSAL LTD$1.84 billionOri Watermann
27AFI PROPERTIES LTD.$1.69 billionAvi Barzilay
28MENORA MIVTACHIM HOLDINGS LTD$1.66 billionAri Kalman
29GAV-YAM LANDS CORP. LTD$1.69 billionAvi Jacobovitz
30ELECTRA LIMITED$1.62 billionItamar Deutscher
31OPC ENERGY LTD.$1.64 billionGiora 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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CEOWORLD magazine - Latest - Banking and Finance - Israel’s Largest Companies by market capitalization, 2024
Frank Brown
Senior Writer at CEOWORLD Magazine. I am an experienced business journalist and commentator, currently senior business writer and consulting editor for the Executive Council of CEOWORLD Magazine. I have held a number of senior leadership and strategic roles at the CEOWORLD Magazine, heading teams in London and New York, and have spearheaded important editorial projects and events.