As of July 22, 2024, BANK LEUMI LE-ISRAEL is the most valuable company in Israel, with a market cap of $13.63 billion. Following it are BANK HAPOALIM ($12.75 billion) and NICE LTD ($11.39 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. | $13.63B |
| 2 | BANK HAPOALIM B.M. | $12.75B |
| 3 | NICE LTD. | $11.39B |
| 4 | MIZRAHI TEFAHOT BANK LTD. | $9.79B |
| 5 | AZRIELI GROUP LTD. | $8.22B |
| 6 | ELBIT SYSTEMS LTD. | $8.16B |
| 7 | ISRAEL DISCOUNT BANK LIMITED | $6.81B |
| 8 | ICL GROUP LTD | $6.06B |
| 9 | FIRST INTERNATIONAL BANK OF ISRAEL LTD | $4.23B |
| 10 | MELISRON LTD. | $3.54B |
| 11 | BEZEQ THE ISRAEL TELECOMMUNICATION CORP. LTD | $3.34B |
| 12 | NEWMED ENERGY - LIMITED PARTNERSHIP | $3.08B |
| 13 | BIG SHOPPING CENTERS LTD | $2.66B |
| 14 | THE PHOENIX HOLDINGS LTD. | $2.6B |
| 15 | DELEK GROUP LTD. | $2.23B |
| 16 | AMOT INVESTMENTS LTD. | $2.16B |
| 17 | SHAPIR ENGINEERING AND INDUSTRY LTD | $2.08B |
| 18 | ENERGIX - RENEWABLE ENERGIES LTD. | $1.98B |
| 19 | ENLIGHT RENEWABLE ENERGY LTD | $1.96B |
| 20 | HAREL INSURANCE INVESTMENTS & FINANCIAL SERVICES LTD | $1.96B |
| 21 | SHUFERSAL LTD | $1.94B |
| 22 | FATTAL HOLDINGS (1998) LTD | $1.91B |
| 23 | MIVNE REAL ESTATE (K.D) LTD | $1.9B |
| 24 | ISRAEL CORPORATION LTD | $1.81B |
| 25 | OPC ENERGY LTD. | $1.81B |
| 26 | HILAN LTD. | $1.28B |
| 27 | ALONY-HETZ PROPERTIES & INVESTMENTS LTD | $1.28B |
| 28 | MATRIX IT LTD. | $1.28B |
| 29 | FORMULA SYSTEMS (1985) LTD. | $1.27B |
| 30 | ISRAEL CANADA (T.R) LTD | $1.26B |
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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