Altshuler Shaham Financial LTD (ALTF) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Altshuler Shaham Financial LTD ILS 5.78, price ILS 6.67, upside -13.3%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
54‑month range 3.45 ILA – 10.64 ILA · fair‑value band 4.05 ILA – 9.33 ILA · the 6.67 ILA price screens above the 5.78 ILA fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Altshuler Shaham Finance Ltd engages in the provident and pension funds management activities in Israel.
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Altshuler Shaham Finance Ltd engages in the provident and pension funds management activities in Israel. The company manages savings provident funds, central severance pay provident funds, central provident funds for budgetary pension participation, as well as investment provident funds, which include children savings plan, and comprehensive pension funds and general pension funds. It is involved in the management of alternative real estate investments. The company was formerly known as A.S. Matrat Hanpaka Ltd and changed its name to Altshuler Shaham Finance Ltd in March 2022. Altshuler Shaham Finance Ltd was incorporated in 2001 and is based in Tel Aviv-Yafo, Israel. Altshuler Shaham Finance Ltd operates as a subsidiary of Altshuler Shaham Ltd.
Stock analysis
Altshuler Shaham Financial LTD (ALTF) currently trades at 6.67 ILA, while our model-based Fair Value estimate is 5.78 ILA, implying the stock looks roughly 15.3% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 12.39 ILA per share, and 3 of the 8 models we run sit above the 6.67 ILA price.
Bear case: the Asset-Based group reads lowest at 2.01 ILA, and 5 of the 8 models stay below the price. Evidence for this calculation is high.
Scenario range: 4.05 ILA (bear) to 9.33 ILA (bull), the price of 6.67 ILA sits inside 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 54/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Altshuler Shaham Financial LTD reported revenue of 935M ILS in FY2025 versus 1.4B ILS in FY2021, a compound −10.0%/yr. Reported net income was 128M ILS in FY2025, compounding −16.1%/yr from FY2021.
Key figures
Market cap 1.3B ILA · P/E ratio 10.1 · P/S ratio 1.38 · EPS (TTM) 0.6600 ILA · Dividend yield 6.4% · Net margin 13.7% · Return on equity 27.0% · Return on assets (EBIT) 17.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 25% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −4% fair-value upside, at −13%, ALTF screens richer than that median.
Fair Value models
Bear 4.05 ILAFair Value 5.78 ILABull 9.33 ILA
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.1718 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.Evidence ⓘEvidence = 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.37/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+1.8%
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.
−10.1%
Revenue growth 5 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.
+0.8%
Start year 2020 (pandemic)
Revenue growth 9 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.
+12.9%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+4.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.8%
Dividend (yield on the price)6.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−2% vs 18%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.24% → 14%
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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.Asset Management · 656 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside−13% · Below median
Profitability
Return on equity (TTM)27% · Top 25%
Return on assets7% · Above median
Net margin (TTM)14% · Below median
Operating margin (TTM)20% · Below median
Growth and dividend
Revenue growth−4% · Below median
Dividend yield (TTM)6.4% · Above median
Balance sheet
Debt / equity0.41× · Above median
Valuation Multiplesvs Asset Management median · lower = cheaper
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Is Altshuler Shaham Financial LTD (ALTF) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 5.78 ILA versus a price of 6.67 ILA, about −13% upside (overvalued).
What is the fair value of ALTF?
Our model-based fair value for Altshuler Shaham Financial LTD is 5.78 ILA (as of Sep 23, 2026), built from audited fundamentals. The current price: 6.67 ILA.
What is the quality score of ALTF?
Altshuler Shaham Financial LTD has a Quality Score of 54/100. 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 Altshuler Shaham Financial LTD (ALTF)?
Our model-based price target is the fair value of 5.78 ILA (as of Sep 23, 2026) from 8 valuation models. Cautious scenario 4.05 ILA, optimistic scenario 9.33 ILA. It is a calculation from audited fundamentals, not an analyst target.
What is the Altshuler Shaham Financial LTD stock forecast for 2026?
Our models put fair value at 5.78 ILA, about −13% upside versus a price of 6.67 ILA (overvalued). Cautious scenario 4.05 ILA, optimistic scenario 9.33 ILA. The calculation is refreshed regularly with new filings.
What is the revenue of Altshuler Shaham Financial LTD (ALTF)?
Altshuler Shaham Financial LTD reported trailing-twelve-month revenue of about 926M ILS (latest available figure, as of Sep 23, 2026).
Does Altshuler Shaham Financial LTD pay a dividend?
Altshuler Shaham Financial LTD currently shows a dividend yield of about 6.39% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Altshuler Shaham Financial LTD (ALTF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Altshuler Shaham Financial LTD it is 5.78 ILA per share (as of Sep 23, 2026), against a price of 6.67 ILA. It is the blended result of 8 valuation models (cash flow, earnings, asset, dividend).
Is Altshuler Shaham Financial LTD stock overvalued or undervalued in 2026?
As of Sep 23, 2026, ALTF trades above its calculated fair value: price 6.67 ILA, fair value 5.78 ILA, a gap of about −13% (overvalued). 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 ALTF?
No. The price is what the market pays today (6.67 ILA); the fair value is what the company's own numbers justify (5.78 ILA). For Altshuler Shaham Financial LTD the two are 0.8850 ILA per share apart. That gap is exactly why we show both numbers side by side.
How much is Altshuler Shaham Financial LTD worth?
The market values Altshuler Shaham Financial LTD at about 1.3B ILA (market capitalisation, as of Sep 23, 2026). Per share that is 6.67 ILA; our models calculate a fair value of 5.78 ILA per share.
What do the bullish and bearish scenarios say about ALTF?
Our models span a range for Altshuler Shaham Financial LTD: cautious scenario 4.05 ILA, base 5.78 ILA, optimistic 9.33 ILA per share (as of Sep 23, 2026, price 6.67 ILA). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ALTF?
Altshuler Shaham Financial LTD trades at a price-to-earnings ratio of 10.1 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 5.78 ILA is built from several models across several years. Other multiples: P/B 0.7, P/S 0.5, EV/EBITDA 3.8.
How solid is the balance sheet of Altshuler Shaham Financial LTD (ALTF)?
Balance-sheet figures for Altshuler Shaham Financial LTD (as of Sep 23, 2026): return on equity 27.0%, debt of 0.41 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is ALTF from its 52-week high?
Altshuler Shaham Financial LTD trades at 6.67 ILA, about 30% below its 52-week high of 9.47 ILA and 25% above the low of 5.32 ILA (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 5.78 ILA is for.
Which stocks are comparable to Altshuler Shaham Financial LTD?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, KKR & Co, Apollo Global Management, 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 Altshuler Shaham Financial LTD stock attractive at the current price?
The data as of Sep 23, 2026: price 6.67 ILA, calculated fair value 5.78 ILA (−13%), Quality Score 54/100, from 8 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 ALTF calculated?
We run Altshuler Shaham Financial LTD through 8 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 5.78 ILA, 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 14.0 % above its aggregate fair value. Altshuler Shaham Financial LTD itself currently trades above fair value. 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 Altshuler Shaham Financial LTD (ALTF)?
The closing price on Sep 24, 2026 was 6.67 ILA. Our model-based fair value is 5.78 ILA, about −13% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Altshuler Shaham Financial LTD right now?
Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (4.05 ILA to 9.33 ILA) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Altshuler Shaham Financial LTD
How large is the market capitalisation of Altshuler Shaham Financial LTD (ALTF)?
The market capitalisation of Altshuler Shaham Financial LTD is 1.3B ILA. 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 Altshuler Shaham Financial LTD (ALTF)?
The price-to-sales ratio of Altshuler Shaham Financial LTD is 1.38 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Altshuler Shaham Financial LTD (ALTF)?
Earnings per share at Altshuler Shaham Financial LTD are 0.6600 ILA (price ÷ EPS = P/E 10.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Altshuler Shaham Financial LTD (ALTF)?
The dividend yield of Altshuler Shaham Financial LTD is 6.4% (payout 64.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Altshuler Shaham Financial LTD (ALTF)?
The net margin of Altshuler Shaham Financial LTD is 13.7% (fiscal year 2025). 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 Altshuler Shaham Financial LTD (ALTF)?
The return on equity (ROE) of Altshuler Shaham Financial LTD is 27.0% (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 Altshuler Shaham Financial LTD (ALTF)?
On an EBIT basis the return on assets of Altshuler Shaham Financial LTD is 17.6% (avg 5y). 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 Altshuler Shaham Financial LTD (ALTF)?
The operating margin of Altshuler Shaham Financial LTD is 20.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Altshuler Shaham Financial LTD (ALTF)?
Revenue at Altshuler Shaham Financial LTD is growing −3.6% versus a year earlier (3y avg −10.1%). 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 Altshuler Shaham Financial LTD (ALTF)?
Earnings per share at Altshuler Shaham Financial LTD are growing +16.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Altshuler Shaham Financial LTD (ALTF) generate?
The free cash flow of Altshuler Shaham Financial LTD is −128M ILA (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Altshuler Shaham Financial LTD (ALTF) carry?
The net debt of Altshuler Shaham Financial LTD is 696M ILA (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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