ELAD SOFTWARE (ELAD) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of ELAD SOFTWARE stock ILS 20.25, price ILS 11.95, upside +69.5%, quality 55 out of 100. Rating: strongly undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
21‑month range 6.62 ILS – 13.58 ILS · fair‑value band 14.13 ILS – 29.84 ILS · the 11.95 ILS price screens below the 20.25 ILS fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Elad Software Systems Ltd. provides information technology solutions and services, and consulting and management activities in Israel.
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It offers Chameleon, a software for electronic medical record system for hospitals and medical institutions; customer relationship management, digital, and web systems; business intelligence tools; and data-based management solutions.
The company also provides training courses under the Netcraft Academy name; and maintenance and support, outsourcing, and professional services. It serves banking, transport, health, retail, insurance, technology, industry, media, public, and real estate sectors, as well as government offices.
The company was incorporated in 1982 and is headquartered in Tel Aviv-Yafo, Israel.
Stock analysis
ELAD SOFTWARE (ELAD) currently trades at 11.95 ILS, while our model-based Fair Value estimate is 20.25 ILS, implying the stock looks roughly 41% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 27.28 ILS per share, and 18 of the 24 models we run sit above the 11.95 ILS price.
Bear case: the Asset-Based group reads lowest at 2.15 ILS, and 6 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 14.13 ILS (bear) to 29.84 ILS (bull), the price of 11.95 ILS sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 55/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
ELAD SOFTWARE reported revenue of 535M ILS in FY2025 versus 113M ILS in FY2022, a compound +67.7%/yr. Reported net income was 27.9M ILS in FY2025, compounding +124.5%/yr from FY2022.
Key figures
Market cap 617M ILS Micro · P/E ratio 21.0 · P/S ratio 1.08 · EPS (TTM) 0.5700 ILS · Net margin 5.4% · Return on equity 17.9% · Return on assets (EBIT) 13.4% (4-year average) · Operating margin 7.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 29% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at 69%, ELAD screens cheaper than that median.
Fair Value models
Bear14.13 ILSFair Value 20.25 ILSBull29.84 ILS
Price 11.95 ILS · Upside +69.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.4888 ILS per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+299.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+67.7%
’22
’23
’24
’25
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: only 3 usable fiscal years, at least 4 required
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+5.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Israel: IMF forecast 2.1% a year to 2030, 1.7% from 2016 to 2025) that is about +3.0% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Application · 628 stocks
Beats the industry median on 10/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score55 · Below median
Fair Value upside+74.3% · Top 25%
Profitability
Return on equity (12 months)17.9% · Top 25%
Return on assets9.5% · Top 25%
Net margin (12 months)5.4% · Above median
Operating margin (12 months)7.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)9.8% · Above median
Valuation Multiplesvs Software - Application median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "ELAD SOFTWARE Fair Value". https://www.fairvalue-calculator.com/stock/ELAD
Frequently asked questions
Is ELAD SOFTWARE (ELAD) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 20.25 ILS versus a price of 11.95 ILS, about +69% upside (undervalued).
What is the fair value of ELAD?
Our model-based fair value for ELAD SOFTWARE is 20.25 ILS (as of Nov 4, 2026), built from audited fundamentals. The current price: 11.95 ILS.
What is the quality score of ELAD?
ELAD SOFTWARE has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for ELAD SOFTWARE (ELAD)?
Our model-based price target is the fair value of 20.25 ILS (as of Nov 4, 2026) from 24 valuation models. Cautious scenario 14.13 ILS, optimistic scenario 29.84 ILS. It is a calculation from audited fundamentals, not an analyst target.
What is the ELAD SOFTWARE stock forecast for 2026?
Our models put fair value at 20.25 ILS, about +69% upside versus a price of 11.95 ILS (undervalued). Cautious scenario 14.13 ILS, optimistic scenario 29.84 ILS. The calculation is refreshed regularly with new filings.
What is the revenue of ELAD SOFTWARE (ELAD)?
ELAD SOFTWARE reported trailing-twelve-month revenue of about 558M ILS (latest available figure, as of Nov 4, 2026).
What growth is priced into ELAD SOFTWARE (ELAD)?
For today's price to be fair in a discounted-cash-flow model, ELAD SOFTWARE would have to grow free cash flow by +5.2 % per year for five years (discount rate 14.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +67.7 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of ELAD use?
Our models discount ELAD SOFTWARE at 14.6 %: a base by market capitalisation (micro), country premium for Israel. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For ELAD SOFTWARE that is +5.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (14.6 %) and the same formula as our fair value.
How much growth has ELAD SOFTWARE (ELAD) delivered so far?
Over the past 3 years revenue at ELAD SOFTWARE grew +67.7 % a year. The price currently implies free-cash-flow growth of +5.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of ELAD SOFTWARE (ELAD) growing?
The median revenue growth in the sector is +16.8 % a year. That is the yardstick for the growth priced into ELAD SOFTWARE (+5.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of ELAD SOFTWARE (ELAD)?
The free-cash-flow yield on the price is 10.06 %: that much free cash flow ELAD SOFTWARE produces per unit of market value. When it exceeds the discount rate of our models (14.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of ELAD SOFTWARE (ELAD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ELAD SOFTWARE it is 20.25 ILS per share (as of Nov 4, 2026), against a price of 11.95 ILS. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is ELAD SOFTWARE stock overvalued or undervalued in 2026?
As of Nov 4, 2026, ELAD trades below its calculated fair value: price 11.95 ILS, fair value 20.25 ILS, a gap of about +69% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ELAD?
No. The price is what the market pays today (11.95 ILS); the fair value is what the company's own numbers justify (20.25 ILS). For ELAD SOFTWARE the two are 8.30 ILS per share apart. That gap is exactly why we show both numbers side by side.
How much is ELAD SOFTWARE worth?
The market values ELAD SOFTWARE at about 617M ILS (market capitalisation, as of Nov 4, 2026). Per share that is 11.95 ILS; our models calculate a fair value of 20.25 ILS per share.
What do the bullish and bearish scenarios say about ELAD?
Our models span a range for ELAD SOFTWARE: cautious scenario 14.13 ILS, base 20.25 ILS, optimistic 29.84 ILS per share (as of Nov 4, 2026, price 11.95 ILS). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ELAD?
ELAD SOFTWARE trades at a price-to-earnings ratio of 21.0 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 20.25 ILS is built from several models across several years. Other multiples: P/B 3.5, P/S 1.1, EV/EBITDA 11.7.
How solid is the balance sheet of ELAD SOFTWARE (ELAD)?
Balance-sheet figures for ELAD SOFTWARE (as of Nov 4, 2026): return on equity 17.9%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is ELAD from its 52-week high?
ELAD SOFTWARE trades at 11.95 ILS, about 12% below its 52-week high of 13.58 ILS and 29% above the low of 9.28 ILS (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 20.25 ILS is for.
Which stocks are comparable to ELAD SOFTWARE?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is ELAD SOFTWARE stock attractive at the current price?
The data as of Nov 4, 2026: price 11.95 ILS, calculated fair value 20.25 ILS (+69%), Quality Score 55/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ELAD calculated?
We run ELAD SOFTWARE through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 20.25 ILS builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. ELAD SOFTWARE currently trades 41% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of ELAD SOFTWARE (ELAD)?
The closing price on Nov 9, 2026 was 11.95 ILS. Our model-based fair value is 20.25 ILS, about +69% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ELAD SOFTWARE right now?
The price is below even our cautious bear case (14.13 ILS). The market is more pessimistic than our downside scenario. Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (14.13 ILS to 29.84 ILS) leaves room in how you read the outcome.
Key figures of ELAD SOFTWARE
How large is the market capitalisation of ELAD SOFTWARE (ELAD)?
The market capitalisation of ELAD SOFTWARE is 617M ILS. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of ELAD SOFTWARE (ELAD)?
The price-to-sales ratio of ELAD SOFTWARE is 1.08 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of ELAD SOFTWARE (ELAD)?
Earnings per share at ELAD SOFTWARE are 0.5700 ILS (price ÷ EPS = P/E 21.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of ELAD SOFTWARE (ELAD)?
The net margin of ELAD SOFTWARE is 5.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of ELAD SOFTWARE (ELAD)?
The return on equity (ROE) of ELAD SOFTWARE is 17.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of ELAD SOFTWARE (ELAD)?
On an EBIT basis the return on assets of ELAD SOFTWARE is 13.4% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of ELAD SOFTWARE (ELAD)?
The operating margin of ELAD SOFTWARE is 7.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ELAD SOFTWARE (ELAD)?
Revenue at ELAD SOFTWARE is growing +9.8% versus a year earlier (3y avg +67.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at ELAD SOFTWARE (ELAD)?
Earnings per share at ELAD SOFTWARE are growing +0.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does ELAD SOFTWARE (ELAD) hold?
ELAD SOFTWARE holds more cash than debt, 25.4M ILS net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 4, 2026