Switch theme
Sign up to access all valuation multiples
Formula Systems (1985) Ltd is a holding company that, through its subsidiaries, provides information technology services. The company organizes itself into operating segments: The Matrix segment, which generates the majority of revenue, provides software development and existing software expansion services. The Sapiens segment provides software development services for the insurance industry. The Magic Software segment provides vendor management systems and workforce management services, which include accounting and finance, human resources, Michpal, ZAP Group, and Others. The majority of the company's revenue comes from Israel.
1985
22.7K+
Last FY Revenue $787M
Last FY EBITDA $112M
$1.7B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
In the most recent fiscal year, Formula Systems achieved revenue of $787M and an EBITDA of $112M.
Formula Systems expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Formula Systems valuation multiples based on analyst estimates| NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|
| Revenue | XXX | $787M | XXX | XXX | XXX |
| Gross Profit | XXX | $196M | XXX | XXX | XXX |
| Gross Margin | XXX | 25% | XXX | XXX | XXX |
| EBITDA | XXX | $112M | XXX | XXX | XXX |
| EBITDA Margin | XXX | 14% | XXX | XXX | XXX |
| EBIT | XXX | $75.7M | XXX | XXX | XXX |
| EBIT Margin | XXX | 10% | XXX | XXX | XXX |
| Net Profit | XXX | $22.8M | XXX | XXX | XXX |
| Net Margin | XXX | 3% | XXX | XXX | XXX |
| Net Debt | XXX | n/a | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of May 30, 2025, Formula Systems's stock price is ILS 375 (or $107).
Formula Systems has current market cap of ILS 5.8B (or $1.6B), and EV of ILS 6.1B (or $1.7B).
See Formula Systems trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1.7B | $1.6B | XXX | XXX | XXX | XXX | n/a |
Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more
Start Free TrialAs of May 30, 2025, Formula Systems has market cap of $1.6B and EV of $1.7B.
Formula Systems's trades at 2.2x EV/Revenue multiple, and 15.6x EV/EBITDA.
Equity research analysts estimate Formula Systems's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Formula Systems's P/E ratio is not available.
See valuation multiples for Formula Systems and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1.6B | XXX | $1.6B | XXX | XXX | XXX |
| EV (current) | $1.7B | XXX | $1.7B | XXX | XXX | XXX |
| EV/Revenue | n/a | XXX | 2.2x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | 15.6x | XXX | XXX | XXX |
| EV/EBIT | n/a | XXX | 23.0x | XXX | XXX | XXX |
| EV/Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| P/E | n/a | XXX | 72.3x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | 20.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialFormula Systems's revenue per employee in the last FY averaged $35K, while opex per employee averaged $5K for the same period.
Formula Systems's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Formula Systems's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Formula Systems and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | 14% | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | n/a | XXX | n/a | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | n/a | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $35K | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $5K | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 15% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| XXX | XXX | XXX | XXX | XXX | XXX | |
| Ctac | XXX | XXX | XXX | XXX | XXX | XXX |
| Mastech Digital | XXX | XXX | XXX | XXX | XXX | XXX |
| Atturra | XXX | XXX | XXX | XXX | XXX | XXX |
| Bravura Solutions | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Formula Systems acquired XXX companies to date.
Last acquisition by Formula Systems was XXXXXXXX, XXXXX XXXXX XXXXXX . Formula Systems acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was Formula Systems founded? | Formula Systems was founded in 1985. |
| Where is Formula Systems headquartered? | Formula Systems is headquartered in Israel. |
| How many employees does Formula Systems have? | As of today, Formula Systems has 22.7K+ employees. |
| Who is the CEO of Formula Systems? | Formula Systems's CEO is Mr. Guy Bernstein. |
| Is Formula Systems publicy listed? | Yes, Formula Systems is a public company listed on TAE. |
| What is the stock symbol of Formula Systems? | Formula Systems trades under FORTY ticker. |
| When did Formula Systems go public? | Formula Systems went public in 2002. |
| Who are competitors of Formula Systems? | Similar companies to Formula Systems include e.g. , Ctac, Mastech Digital, Atturra. |
| What is the current market cap of Formula Systems? | Formula Systems's current market cap is $1.6B |
| Is Formula Systems profitable? | Yes, Formula Systems is EBITDA-positive (as of the last 12 months). |
Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.
