Bank Hapoalim (BKHYY) fair value: what the stock is really worth
As of Sep 28, 2026: fair value of Bank Hapoalim $104, price $127, upside -17.7%, quality 63 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 28, 2026.
How to read this chart
60‑month range $20.41 – $142.63 · fair‑value band $81.53 – $161.09 · the $126.89 price screens above the $104.40 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 28, 2026.
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Bank Hapoalim B.M., together with its subsidiaries, provides various banking and financial services in Israel, North America, Europe, and internationally. It operates through Households, Private Banking, Small Businesses and Microbusinesses, Mid-sized Businesses, Large Businesses, Institutional Entities, Financial Management, and Other segments.
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Bank Hapoalim B.M., together with its subsidiaries, provides various banking and financial services in Israel, North America, Europe, and internationally. It operates through Households, Private Banking, Small Businesses and Microbusinesses, Mid-sized Businesses, Large Businesses, Institutional Entities, Financial Management, and Other segments. The company offers account-management services, lending for various purposes, deposits and savings plans, and capital-market services; housing loans; research and advisory services; and pension advisory and retirement planning services. It also provides products and services for the expansion of a business, advanced digital services, and a service center; credit for routine operations and investment financing, guarantees, letters of credit, foreign trade, and transactions in financial and derivative instruments, as well as investment services in various channels, such as foreign currency, shekels, and securities. In addition, the company offers financial products, including foreign-trade financing, financing of working capital, financing of assets overseas, complex financing transactions, syndication, and credit-risk transfers; and financing of construction projects, granting credit to customers, and issuing various types of guarantees to buyers of homes. Further, it provides managers of mutual funds, managers of investment portfolios, and managers of provident funds, study funds, and pension funds; trading activities; securities advising, underwriting, and distribution services; and brokerage and custody services. The company serves households, private-banking customers, foreign residents, small businesses, middle-market business clients, and large corporations, as well as financial-asset, mutual funds, investment portfolios, provident funds, study funds, and pension funds managers. Bank Hapoalim B.M. was incorporated in 1921 and is based in Tel Aviv-Yafo, Israel.
Stock analysis
Bank Hapoalim ADR (BKHYY) currently trades at $126.89, while our model-based Fair Value estimate is $104.40, 17.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $112.82 per share, and 1 of the 6 models we run sit above the $126.89 price.
Bear case: the Asset-Based group reads lowest at $53.99, and 5 of the 6 models stay below the price. Evidence for this calculation is high.
Scenario range: $81.53 (bear) to $161.09 (bull), the price of $126.89 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 63/100 (solid quality), in the Financial Services sector.
Mixed Growth: Spin-off in 2020: revenue and profit before it include the divested business. Growth is measured afresh from 2020.
Bank Hapoalim ADR reported revenue of 39.5B ILS in FY2025 versus 16.2B ILS in FY2021, a compound +24.9%/yr. Reported net income was 9.0B ILS in FY2025, compounding +16.4%/yr from FY2021.
Key figures
Market cap $33.2B · P/E ratio 10.8 · P/S ratio 2.46 · EPS (TTM) $11.79 · Dividend yield 4.4% · Net margin 22.8% · Return on equity 14.6% · Return on assets (EBIT) 1.6%.
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 11% below its 52-week high and 39% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −38% fair-value upside, at −18%, BKHYY screens cheaper than that median.
Fair Value models
Bear $81.53Fair Value $104.40Bull $161.09
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 ($8.82 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.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.55/100
Spin-off in 2020: revenue and profit before it include the divested business. Growth is measured afresh from 2020.
Revenue growth 1 year
−2.4%
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.
+18.7%
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.
+22.1%
Start year 2020 (pandemic)
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
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’25
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.
+39.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+34.7%
Dividend (yield on the price)4.4%
Per share before 2020divided by the spin-off factor 1.04
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.34.7% vs 13.3%, 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.26% → 35%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
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).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
News mood ⓘNews mood, the average tone of recent news (78 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Negative
Recent news coverage is more negative than average.
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.Banks - Regional · 1056 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside−17.7% · Below median
Profitability
Return on equity (TTM)14.6% · Top 25%
Return on assets1.2% · Above median
Net margin (TTM)40.3% · Top 25%
Operating margin (TTM)0.0% · Bottom 25%
Growth and dividend
Revenue growth2.6% · Below median
Dividend yield (TTM)4.4% · Top 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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Is Bank Hapoalim (BKHYY) overvalued or undervalued?
As of Sep 28, 2026, our model estimates a fair value of $104.40 versus a price of $126.89, about −18% upside (overvalued).
What is the fair value of BKHYY?
Our model-based fair value for Bank Hapoalim ADR is $104.40 (as of Sep 28, 2026), built from audited fundamentals. The current price: $126.89.
What is the quality score of BKHYY?
Bank Hapoalim ADR has a Quality Score of 63/100. 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 Bank Hapoalim (BKHYY)?
Our model-based price target is the fair value of $104.40 (as of Sep 28, 2026) from 6 valuation models. Cautious scenario $81.53, optimistic scenario $161.09. It is a calculation from audited fundamentals, not an analyst target.
What is the Bank Hapoalim ADR stock forecast for 2026?
Our models put fair value at $104.40, about −18% upside versus a price of $126.89 (overvalued). Cautious scenario $81.53, optimistic scenario $161.09. The calculation is refreshed regularly with new filings.
What is the revenue of Bank Hapoalim (BKHYY)?
Bank Hapoalim ADR reported trailing-twelve-month revenue of about 23.1B ILS (latest available figure, as of Sep 28, 2026).
Does Bank Hapoalim ADR pay a dividend?
Bank Hapoalim ADR currently shows a dividend yield of about 4.37% relative to its recent price (as of Sep 28, 2026).
What growth is priced into Bank Hapoalim (BKHYY)?
For today's price to be fair in a discounted-cash-flow model, Bank Hapoalim ADR would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 8.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +22.1 % per year. As of Sep 28, 2026.
What discount rate (WACC) does the fair value of BKHYY use?
Our models discount Bank Hapoalim ADR at 8.1 %: a base by market capitalisation (large), damped by beta 0.34, country premium for USA. 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 Bank Hapoalim ADR that is less than minus 40 % per year a year over ten years, using the same discount rate (8.1 %) and the same formula as our fair value.
How much growth has Bank Hapoalim (BKHYY) delivered so far?
Over the past 5 years revenue at Bank Hapoalim ADR grew +22.1 % a year. The price currently implies less than minus 40 % 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 Bank Hapoalim (BKHYY) growing?
The median revenue growth in the sector is +9.1 % a year. That is the yardstick for the growth priced into Bank Hapoalim ADR (less than minus 40 % 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 Bank Hapoalim (BKHYY)?
The free-cash-flow yield on the price is 15.78 %: that much free cash flow Bank Hapoalim ADR produces per unit of market value. When it exceeds the discount rate of our models (8.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bank Hapoalim (BKHYY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bank Hapoalim ADR it is $104.40 per share (as of Sep 28, 2026), against a price of $126.89. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Bank Hapoalim ADR stock overvalued or undervalued in 2026?
As of Sep 28, 2026, BKHYY trades above its calculated fair value: price $126.89, fair value $104.40, a gap of about −18% (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 BKHYY?
No. The price is what the market pays today ($126.89); the fair value is what the company's own numbers justify ($104.40). For Bank Hapoalim ADR the two are $22.49 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bank Hapoalim ADR worth?
The market values Bank Hapoalim ADR at about $33.2B (market capitalisation, as of Sep 28, 2026). Per share that is $126.89; our models calculate a fair value of $104.40 per share.
What do the bullish and bearish scenarios say about BKHYY?
Our models span a range for Bank Hapoalim ADR: cautious scenario $81.53, base $104.40, optimistic $161.09 per share (as of Sep 28, 2026, price $126.89). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BKHYY?
Bank Hapoalim ADR trades at a price-to-earnings ratio of 10.8 (as of Sep 28, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $104.40 is built from several models across several years. Other multiples: P/B 1.6, P/S 4.4, EV/EBITDA 2.7.
How solid is the balance sheet of Bank Hapoalim (BKHYY)?
Balance-sheet figures for Bank Hapoalim ADR (as of Sep 28, 2026): return on equity 14.6%. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is BKHYY from its 52-week high?
Bank Hapoalim ADR trades at $126.89, about 11% below its 52-week high of $142.63 and 39% above the low of $91.29 (as of Sep 28, 2026). Distance from the high says nothing about value: that is what the fair value of $104.40 is for.
Which stocks are comparable to Bank Hapoalim ADR?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, UniCredit S.p.A, Intesa Sanpaolo S.p.A, 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 Bank Hapoalim ADR stock attractive at the current price?
The data as of Sep 28, 2026: price $126.89, calculated fair value $104.40 (−18%), Quality Score 63/100, from 6 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 BKHYY calculated?
We run Bank Hapoalim ADR through 6 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 $104.40, 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 14.9 % above its aggregate fair value. Bank Hapoalim ADR 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 Bank Hapoalim (BKHYY)?
The closing price on Sep 28, 2026 was $126.89. Our model-based fair value is $104.40, about −18% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bank Hapoalim ADR right now?
Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($81.53 to $161.09) 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.
Where does the earnings growth of Bank Hapoalim (BKHYY) come from?
Earnings per share at Bank Hapoalim ADR grew +12.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +10.5 %, EBIT margin +0.8 %, tax rate +1.2 %, residual (interest, one-offs) −0.3 %. 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 Bank Hapoalim ADR
How large is the market capitalisation of Bank Hapoalim (BKHYY)?
The market capitalisation of Bank Hapoalim ADR is $33.2B. 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 Bank Hapoalim (BKHYY)?
The price-to-sales ratio of Bank Hapoalim ADR is 2.46 (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 Bank Hapoalim (BKHYY)?
Earnings per share at Bank Hapoalim ADR are $11.79 (price ÷ EPS = P/E 10.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bank Hapoalim (BKHYY)?
The dividend yield of Bank Hapoalim ADR is 4.4% (payout 47.0%). 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 Bank Hapoalim (BKHYY)?
The net margin of Bank Hapoalim ADR is 22.8% (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 Bank Hapoalim (BKHYY)?
The return on equity (ROE) of Bank Hapoalim ADR is 14.6% (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 Bank Hapoalim (BKHYY)?
On an EBIT basis the return on assets of Bank Hapoalim ADR is 1.6% (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.
How fast is revenue growing at Bank Hapoalim (BKHYY)?
Revenue at Bank Hapoalim ADR is growing +2.6% versus a year earlier (3y avg +18.7%). 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 Bank Hapoalim (BKHYY)?
Earnings per share at Bank Hapoalim ADR are growing −1.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Bank Hapoalim (BKHYY) carry?
The net debt of Bank Hapoalim ADR is 119M ILS (fiscal year 2025, ≈ 0.0 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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Broad data
Sep 28, 2026