Bezeq Israeli Telecommunication Corp Ltd (BEZQ) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Bezeq Israeli Telecommunication Corp Ltd ILS 6.73, price ILS 7.43, upside -9.4%, quality 57 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 24, 2026.
How to read this chart
60‑month range 2.65 ILA – 8.78 ILA · fair‑value band 4.32 ILA – 10.82 ILA · the 7.43 ILA price screens above the 6.73 ILA fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Bezeq The Israel Telecommunication Corp. Ltd provides communications services to business and private customers in Israel. The company operates through Domestic Fixed Communications; Cellular Communications; Internet Services, International Communication, and ICT Solutions for Businesses; and Television and communication segments.
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Bezeq The Israel Telecommunication Corp. Ltd provides communications services to business and private customers in Israel. The company operates through Domestic Fixed Communications; Cellular Communications; Internet Services, International Communication, and ICT Solutions for Businesses; and Television and communication segments. The company offers telephony services, including basic telephony services on the home telephone line; ancillary services, such as voice mail and caller ID; national numbering services; and internet access infrastructure services. It also provides data transmission and communication services; cloud and digital services; wholesale services; and other services, including broadcasting services, and contractor services, as well as sell end equipment and devices. In addition, the company offers fiber internet, business search B144, high-quality WiFi throughout the house, online bill payment, moving online, speed test, and technical support and troubleshooting services. The company was incorporated in 1980 and is based in Holon, Israel.
Stock analysis
Bezeq Israeli Telecommunication Corp Ltd (BEZQ) currently trades at 7.43 ILA, while our model-based Fair Value estimate is 6.73 ILA, implying the stock looks roughly 10.4% fairly valued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 8.73 ILA per share, and 8 of the 24 models we run sit above the 7.43 ILA price.
Bear case: the Asset-Based group reads lowest at 0.7200 ILA, and 16 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 4.32 ILA (bear) to 10.82 ILA (bull), the price of 7.43 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 57/100 (solid quality), in the Communication Services sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Bezeq Israeli Telecommunication Corp Ltd reported revenue of 8.7B ILS in FY2025 versus 8.8B ILS in FY2021, a compound −0.3%/yr. Reported net income was 1.4B ILS in FY2025, compounding +4.6%/yr from FY2021.
Key figures
Market cap 20.6B ILA · P/E ratio 5.8 · P/S ratio 0.95 · EPS (TTM) 1.28 ILA · Dividend yield 5.5% · Net margin 16.3% · Return on equity 44.4% · Return on assets (EBIT) 12.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 25% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 47% fair-value upside, at −9%, BEZQ screens richer than that median.
Fair Value models
Bear 4.32 ILAFair Value 6.73 ILABull 10.82 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 (0.6379 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.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−2.0%
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.
−1.2%
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.
+0.0%
Start year 2020 (pandemic). Over 10 years: −1.4% a year
Revenue growth 25 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.
+0.1%
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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.
+12.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.4%
Dividend (yield on the price)5.5%
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.7% vs −2%, picking up
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.17% → 26%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
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).
+5.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+1.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (Israel: IMF forecast 2.1% a year to 2030, 1.7% from 2016 to 2025) that is about +3.4% a year for the price and −0.7% for the forecasts.
Compare Bezeq Israeli Telecommunication Corp Ltd with another stock
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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.Telecom Services · 250 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside−11% · Below median
Profitability
Return on equity (TTM)44% · Top 25%
Return on assets8% · Top 25%
Net margin (TTM)15% · Top 25%
Operating margin (TTM)20% · Above median
Growth and dividend
Revenue growth−3% · Bottom 25%
Dividend yield (TTM)5.5% · Above median
Balance sheet
Debt / equity2.31× · Highest 25%
Valuation Multiplesvs Telecom Services median · lower = cheaper
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Is Bezeq Israeli Telecommunication Corp Ltd (BEZQ) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 6.73 ILA versus a price of 7.43 ILA, about −9% upside (fairly valued).
What is the fair value of BEZQ?
Our model-based fair value for Bezeq Israeli Telecommunication Corp Ltd is 6.73 ILA (as of Sep 24, 2026), built from audited fundamentals. The current price: 7.43 ILA.
What is the quality score of BEZQ?
Bezeq Israeli Telecommunication Corp Ltd has a Quality Score of 57/100. 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 Bezeq Israeli Telecommunication Corp Ltd (BEZQ)?
Our model-based price target is the fair value of 6.73 ILA (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 4.32 ILA, optimistic scenario 10.82 ILA. It is a calculation from audited fundamentals, not an analyst target.
What is the Bezeq Israeli Telecommunication Corp Ltd stock forecast for 2026?
Our models put fair value at 6.73 ILA, about −9% upside versus a price of 7.43 ILA (fairly valued). Cautious scenario 4.32 ILA, optimistic scenario 10.82 ILA. The calculation is refreshed regularly with new filings.
What is the revenue of Bezeq Israeli Telecommunication Corp Ltd (BEZQ)?
Bezeq Israeli Telecommunication Corp Ltd reported trailing-twelve-month revenue of about 8.6B ILS (latest available figure, as of Sep 24, 2026).
Does Bezeq Israeli Telecommunication Corp Ltd pay a dividend?
Bezeq Israeli Telecommunication Corp Ltd currently shows a dividend yield of about 5.49% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Bezeq Israeli Telecommunication Corp Ltd (BEZQ)?
For today's price to be fair in a discounted-cash-flow model, Bezeq Israeli Telecommunication Corp Ltd would have to grow free cash flow by +5.6 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -0.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of BEZQ use?
Our models discount Bezeq Israeli Telecommunication Corp Ltd at 9.7 %: a base by market capitalisation (large), damped by beta 0.19, 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 Bezeq Israeli Telecommunication Corp Ltd that is +5.6 % per year a year over ten years, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has Bezeq Israeli Telecommunication Corp Ltd (BEZQ) delivered so far?
Over the past 5 years revenue at Bezeq Israeli Telecommunication Corp Ltd grew -0.1 % a year. The price currently implies +5.6 % per year free-cash-flow growth a 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 Bezeq Israeli Telecommunication Corp Ltd (BEZQ) growing?
The median revenue growth in the sector is +1.6 % a year. That is the yardstick for the growth priced into Bezeq Israeli Telecommunication Corp Ltd (+5.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Bezeq Israeli Telecommunication Corp Ltd (BEZQ)?
The free-cash-flow yield on the price is 7.68 %: that much free cash flow Bezeq Israeli Telecommunication Corp Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bezeq Israeli Telecommunication Corp Ltd (BEZQ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bezeq Israeli Telecommunication Corp Ltd it is 6.73 ILA per share (as of Sep 24, 2026), against a price of 7.43 ILA. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Bezeq Israeli Telecommunication Corp Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, BEZQ trades above its calculated fair value: price 7.43 ILA, fair value 6.73 ILA, a gap of about −9% (fairly valued). 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 BEZQ?
No. The price is what the market pays today (7.43 ILA); the fair value is what the company's own numbers justify (6.73 ILA). For Bezeq Israeli Telecommunication Corp Ltd the two are 0.6990 ILA per share apart. That gap is exactly why we show both numbers side by side.
How much is Bezeq Israeli Telecommunication Corp Ltd worth?
The market values Bezeq Israeli Telecommunication Corp Ltd at about 20.6B ILA (market capitalisation, as of Sep 24, 2026). Per share that is 7.43 ILA; our models calculate a fair value of 6.73 ILA per share.
What do the bullish and bearish scenarios say about BEZQ?
Our models span a range for Bezeq Israeli Telecommunication Corp Ltd: cautious scenario 4.32 ILA, base 6.73 ILA, optimistic 10.82 ILA per share (as of Sep 24, 2026, price 7.43 ILA). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BEZQ?
Bezeq Israeli Telecommunication Corp Ltd trades at a price-to-earnings ratio of 5.8 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 6.73 ILA is built from several models across several years. Other multiples: P/B 2.4, P/S 0.8, EV/EBITDA 4.1.
How solid is the balance sheet of Bezeq Israeli Telecommunication Corp Ltd (BEZQ)?
Balance-sheet figures for Bezeq Israeli Telecommunication Corp Ltd (as of Sep 24, 2026): return on equity 44.4%, debt of 2.31 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is BEZQ from its 52-week high?
Bezeq Israeli Telecommunication Corp Ltd trades at 7.43 ILA, about 15% below its 52-week high of 8.78 ILA and 25% above the low of 5.92 ILA (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 6.73 ILA is for.
Which stocks are comparable to Bezeq Israeli Telecommunication Corp Ltd?
From the same area (Communication Services) we also value China Mobile Limited, T-Mobile US, Inc, Verizon Communications Inc, AT&T 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 Bezeq Israeli Telecommunication Corp Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 7.43 ILA, calculated fair value 6.73 ILA (−9%), Quality Score 57/100, 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 BEZQ calculated?
We run Bezeq Israeli Telecommunication Corp Ltd through 24 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 6.73 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 14.1 % above its aggregate fair value. Bezeq Israeli Telecommunication Corp 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 Bezeq Israeli Telecommunication Corp Ltd (BEZQ)?
The closing price on Sep 23, 2026 was 7.43 ILA. Our model-based fair value is 6.73 ILA, about −9% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bezeq Israeli Telecommunication Corp Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (4.32 ILA to 10.82 ILA) leaves room in how you read the outcome.
Where does the earnings growth of Bezeq Israeli Telecommunication Corp Ltd (BEZQ) come from?
Earnings per share at Bezeq Israeli Telecommunication Corp Ltd grew −3.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share −1.1 %, EBIT margin −2.9 %, tax rate +1.2 %, residual (interest, one-offs) −0.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Bezeq Israeli Telecommunication Corp Ltd
How large is the market capitalisation of Bezeq Israeli Telecommunication Corp Ltd (BEZQ)?
The market capitalisation of Bezeq Israeli Telecommunication Corp Ltd is 20.6B 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 Bezeq Israeli Telecommunication Corp Ltd (BEZQ)?
The price-to-sales ratio of Bezeq Israeli Telecommunication Corp Ltd is 0.95 (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 Bezeq Israeli Telecommunication Corp Ltd (BEZQ)?
Earnings per share at Bezeq Israeli Telecommunication Corp Ltd are 1.28 ILA (price ÷ EPS = P/E 5.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bezeq Israeli Telecommunication Corp Ltd (BEZQ)?
The dividend yield of Bezeq Israeli Telecommunication Corp Ltd is 5.5% (payout 31.9%). 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 Bezeq Israeli Telecommunication Corp Ltd (BEZQ)?
The net margin of Bezeq Israeli Telecommunication Corp Ltd is 16.3% (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 Bezeq Israeli Telecommunication Corp Ltd (BEZQ)?
The return on equity (ROE) of Bezeq Israeli Telecommunication Corp Ltd is 44.4% (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 Bezeq Israeli Telecommunication Corp Ltd (BEZQ)?
On an EBIT basis the return on assets of Bezeq Israeli Telecommunication Corp Ltd is 12.7% (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 Bezeq Israeli Telecommunication Corp Ltd (BEZQ)?
The operating margin of Bezeq Israeli Telecommunication Corp Ltd is 19.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bezeq Israeli Telecommunication Corp Ltd (BEZQ)?
Revenue at Bezeq Israeli Telecommunication Corp Ltd is growing −3.0% versus a year earlier (3y avg −1.2%). 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 Bezeq Israeli Telecommunication Corp Ltd (BEZQ)?
Earnings per share at Bezeq Israeli Telecommunication Corp Ltd are growing −27.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Bezeq Israeli Telecommunication Corp Ltd (BEZQ) carry?
The net debt of Bezeq Israeli Telecommunication Corp Ltd is 9.1B ILA (fiscal year 2025, ≈ 5.8 yrs of FCF). 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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