Formula Systems (1985) Ltd. (FORTY)
Technology · NMS · US
Price as at 1 Oct 2026, 20:01 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Formula Systems (1985) Ltd. trades at $111.00, which is 63% below the $181.33 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 43 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 24.4 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
FORTY dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $14.68 | 2 |
| 2025 | $1.89 | 3 |
| 2024 | $1.26 | 2 |
| 2023 | $0.621 | 1 |
| 2022 | $1.42 | 2 |
| 2021 | $1.45 | 2 |
| 2020 | $0.521 | 1 |
| 2019 | $0.979 | 2 |
| 2018 | $0.680 | 2 |
| 2017 | $0.340 | 1 |
| 2016 | $1.16 | 3 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
FORTY earnings and analyst estimates
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Formula Systems (1985) Ltd.
Formula Systems (1985) Ltd., through its subsidiaries, operates as an information technology company in Israel and internationally. The company offers software consulting services; IT solutions and software systems; proprietary software solutions; and IT professional services, including implementation and integration projects of computing and software, outsourcing, software project management and development, IT managed services, operation of a network of training and instruction centers, sale of software and hardware products, and software testing and QA. It also provides cloud and computing infrastructure; packaged software solutions, such as Clicks for medical record information management systems, Hermes Cargo for managing air cargo ground handling, HR Pulse for the creation of HCM solutions, MBS solution for managing TV broadcast channels, Nativ for managing rehabilitation centers, and Mobisale for consumer goods sale and distribution; and product-related services comprising maintenance, customer support, and training. In addition, the company offers software solutions and services for payroll processing, pension administration, workforce management, and human resources, as well as financial processes, accounting workflows, and business operations; employees to vendor management systems workforce management program accounts; and digital advertising and e-commerce platforms, as well as digital services, which include search engine marketing and optimization, website design, management of social media, online business cards, and big data. Further, it is involved in aerial and satellite mapping, geographic data collection and processing, and geographic applications; installation of computer communication infrastructures, announcement and alarm systems, and electronic security systems; and planning and deployment of fiber optics, structured cabling, and coaxial and telephony systems. The company was incorporated in 1985 and is headquartered in Or Yehuda, Israel.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
FORTY passes 4 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
FORTY peers
The largest companies in the same industry (Information Technology Services), then in the same sector.
- INFY Infosys Limited
- FIS Fidelity National Information Services, Inc.
- GIB-A.TO CGI Inc.
- CACI CACI International Inc
- JKHY Jack Henry & Associates, Inc.
- CIFR Cipher Digital Inc.
- NXT.AX NEXTDC Limited
- INGM Ingram Micro Holding Corporation
Every technology company we cover is on the Technology hub.
Common questions
Is Formula Systems (1985) Ltd. (FORTY) undervalued?
Against our fair value estimate of $181.33, FORTY at $111.00 is 63% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
What is FORTY's P/E ratio?
FORTY trades at 24.4 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Formula Systems (1985) Ltd. (FORTY) pay a dividend?
Yes. Formula Systems (1985) Ltd. yields 2.32% at the current share price. It has paid $15.18 per share over the trailing twelve months. It has paid a dividend in each of the last 13 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
When does FORTY report earnings next?
Formula Systems (1985) Ltd. is scheduled to report on 19 Nov 2026. Companies move earnings dates, so read it as scheduled rather than certain.
Where does SteadyShares get its FORTY data?
Fundamentals for FORTY come from company filings and exchange data, as listed on NMS; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 20:01 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for FORTY, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.