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Data-driven stock valuation

Clal Insurance Enterprises Holdings Ltd (CLIS) fair value: what the stock is really worth

As of Nov 5, 2026: fair value (intrinsic value) of Clal Insurance Enterprises Holdings Ltd stock ILS 211, price ILS 243, that is 12.9% below the price, quality 52 out of 100. Rating: overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services Il · ISIN IL0002240146

CI Clal Insurance Enterprises Holdings Ltd logo Broad data Nov 7, 2026

Clal Insurance Enterprises Holdings Ltd

CLIS · TA
Solid, but expensive

Our calculation puts a fair price 13% below what the stock costs today.

Solidly profitable · 13.7% net margin (TTM)
Broad data
Costs just 8.5 times its yearly profit.
Quality 52/100
Mixed Growth (revenue 5y +6.3 %/yr in ILS)
Mixed vs. peers (8/14)
Wide moat 69/100 · thin data
Fair value 211.44 ILS · Overvalued (−12.9%)
Negative coverage
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

302.30 ILS 43.68 ILS Fair Value 211.44 ILS Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.

How to read this chart

60‑month range 43.68 ILS – 302.30 ILS · fair‑value band 157.44 ILS – 322.55 ILS · the 242.70 ILS price screens above the 211.44 ILS fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.

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Company profile

Clal Insurance Enterprises Holdings Ltd. operates in the fields of insurance, pensions, provident funds and finance, and credit insurance in Israel.

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The company's Long-Term Savings segment includes life insurance and related coverages; and management of pension and provident funds, and long-term savings, as well as insurance coverage for various risks, such as death, disability, loss of working capacity, and health insurance policies.

Its Health Insurance segment provides long-term care, medical expense, surgeries, transplants, personal accidents, foreign travel, dental, foreign worker, and other insurance products.

The company's General insurance segment comprises liability and property sectors, credit insurance, personal accidents, and others.

This segment also provides mandatory vehicle that focuses on coverage, the purchase of which by the vehicle owner or driver is mandatory, in respect of bodily injury caused as a result of the use of a motor vehicle; vehicle property that covers property damage to the policyholder's vehicle and third-party property damage caused by the insured vehicle; property and other insurance products; credit insurance and foreign trade risk insurance products; and third-party, employers', professional, and product liability insurance products.

Its Credit Card Segment provides bank payment cards for B2B2C customers; sells and markets of non-bank credit cards, consumer credit, and other products directly to private customers; ancillary and related services and complementary products to the clearing services; products and services offered to merchants, such as loans, voucher discounting, advance payments, and guarantees; and e-commerce payment solutions, bookkeeping management, and digital invoice services.

The company was incorporated in 1987 and is based in Tel Aviv-Yafo, Israel.

Stock analysis

Clal Insurance Enterprises Holdings Ltd (CLIS) currently trades at 242.70 ILS, while our model-based Fair Value estimate is 211.44 ILS, 13% 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 258.04 ILS per share, and 1 of the 6 models we run sit above the 242.70 ILS price.

Bear case: the Dividend Discount group reads lowest at 34.55 ILS, and 5 of the 6 models stay below the price. Data coverage for this calculation is high.

Scenario range: 157.44 ILS (bear) to 322.55 ILS (bull), the price of 242.70 ILS 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 52/100 (solid quality), in the Financial Services sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Clal Insurance Enterprises Holdings Ltd reported revenue of 15.1B ILS in FY2025 versus 25.1B ILS in FY2021, a compound −11.9%/yr. Reported net income was 2.3B ILS in FY2025, compounding +20.5%/yr from FY2021.

Key figures

Market cap 19.7B ILS Mid · P/E ratio 8.5 · P/S ratio 1.13 · EPS (TTM) 28.54 ILS · Dividend yield 0.8% · Net margin 13.7% · Return on equity 22.6% · Return on assets (EBIT) 0.8% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 69 out of 100 (low confidence).

What moves the price

The share trades about 20% below its 52-week high and 32% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −38% fair-value upside, at −13%, CLIS screens cheaper than that median.

Fair Value models

Bear 157.44 ILS Fair Value 211.44 ILS Bull 322.55 ILS
Price 242.70 ILS · Downside -12.9%
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 (24.40 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.
Best data coverage
Residual Income 157.44 ILS 211.44 ILS 364.40 ILS 73
Gordon GGM 19.85 ILS 36.22 ILS 50.41 ILS 67
DDM Multi-Stage 19.85 ILS 32.87 ILS 38.64 ILS 67
All 6 models by family
Dividend Discount
Gordon GGM 19.85 ILS 36.22 ILS 50.41 ILS 67
DDM Multi-Stage 19.85 ILS 32.87 ILS 38.64 ILS 67
Multiples
P/E Multiple 274.88 ILS 366.51 ILS 458.13 ILS 63
P/B Multiple 112.17 ILS 149.56 ILS 186.96 ILS 55
Asset-Based
NCAV (Graham) 53.42 ILS 71.58 ILS 106.83 ILS 54
Economic Profit
Residual Income 157.44 ILS 211.44 ILS 364.40 ILS 73

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Quality Score breakdown

Overall quality 52/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 36
How much profit the company makes from its sales and capital
Quality Growth 51
Are margins and returns getting better?
Cashflow 63
Do the profits arrive as real cash?
Financial strength 7
Debt, balance sheet and risk of trouble
Investment 67
Does it invest with discipline instead of growing at any price?
Low Volatility 63
How calm the share price moves, does not count
Price momentum 63
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 74
Distance to the 52-week high, does not count
New shares 71
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 74/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
+2.3%
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.
+6.3%
Revenue growth 24 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.
+6.4%
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+34.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+33.5%
Dividend (yield on the price)0.8%
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.19.6% vs 21.3%, steady
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.4% → 22%
2025 sits 887% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)

CLIS screens overvalued: fair value 13% below the price. Compare with Ping An Insurance (Group) Company →

Earlier news

News mood ⓘNews mood, the average tone of recent news (12 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.

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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.Insurance - Life · 77 stocks

Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 52 · Below median
Fair Value upside −12.9% · Above median
Profitability
Return on equity (12 months) 22.6% · Top 25%
Return on assets 1.2% · Above median
Net margin (12 months) 13.7% · Above median
Operating margin (12 months) 41.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) 2.3% · Below median
Dividend yield (12 months) 0.8% · Bottom 25%
Balance sheet
Debt / equity 1.53× · Highest 25%

Valuation Multiplesvs Insurance - Life median · lower = cheaper

P/E (12 months) 8.5× · Cheaper than median
P/B 1.82× · Pricier than median
P/S (12 months) 1.13× · Cheaper than median
Price / free cash flow (fiscal year) 9.0× · Pricier than median
EV/EBITDA 4.9× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)16 · sector 7
FUTURE (revenue growth)12 · sector 37
PAST (return on equity)90 · sector 48
HEALTH (low debt)–
DIVIDEND (yield)17 · sector 55

HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Insurance - Life stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Ping An Insurance (Group) Company 601318 ¥54.50 ¥66.91 +23% vs CLIS
China Life Insurance Company 601628 ¥35.51 ¥40.47 +14% vs CLIS
Life Insurance Corporation LICI ₹394.00 ₹299.42 −24% vs CLIS
Cathay Financial Holding 2882 106.00 TWD 71.53 TWD −33% vs CLIS
Manulife Financial Corporation MFC $43.24 $26.70 −38% vs CLIS
Fubon Financial Holding 2881 155.50 TWD 86.48 TWD −44% vs CLIS
Aflac Incorporated AFL $124.06 $67.30 −46% vs CLIS
AIA Group 1299 HK$78.45 HK$41.63 −47% vs CLIS
MetLife, Inc MET $98.27 $48.73 −50% vs CLIS
Great-West Lifeco Inc GWO C$90.17 C$41.90 −54% vs CLIS

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Cite: Fair Value Calculator (2026). "Clal Insurance Enterprises Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/CLIS

Frequently asked questions

Is Clal Insurance Enterprises Holdings Ltd (CLIS) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 211.44 ILS versus a price of 242.70 ILS, about 13% lower (overvalued).
What is the fair value of CLIS?
Our model-based fair value for Clal Insurance Enterprises Holdings Ltd is 211.44 ILS (as of Nov 7, 2026), built from audited fundamentals. The current price: 242.70 ILS.
What is the quality score of CLIS?
Clal Insurance Enterprises Holdings Ltd has a Quality Score of 52/100. 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 Clal Insurance Enterprises Holdings Ltd (CLIS)?
Our model-based price target is the fair value of 211.44 ILS (as of Nov 7, 2026) from 6 valuation models. Cautious scenario 157.44 ILS, optimistic scenario 322.55 ILS. It is a calculation from audited fundamentals, not an analyst target.
What is the Clal Insurance Enterprises Holdings Ltd stock forecast for 2026?
Our models put fair value at 211.44 ILS, about 13% lower versus a price of 242.70 ILS (overvalued). Cautious scenario 157.44 ILS, optimistic scenario 322.55 ILS. The calculation is refreshed regularly with new filings.
What is the revenue of Clal Insurance Enterprises Holdings Ltd (CLIS)?
Clal Insurance Enterprises Holdings Ltd reported trailing-twelve-month revenue of about 17.4B ILS (latest available figure, as of Nov 7, 2026).
Does Clal Insurance Enterprises Holdings Ltd pay a dividend?
Clal Insurance Enterprises Holdings Ltd currently shows a dividend yield of 0.84% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Clal Insurance Enterprises Holdings Ltd (CLIS)?
Clal Insurance Enterprises Holdings Ltd has a dividend yield of 0.8%.
What is the intrinsic value of Clal Insurance Enterprises Holdings Ltd (CLIS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Clal Insurance Enterprises Holdings Ltd it is 211.44 ILS per share (as of Nov 7, 2026), against a price of 242.70 ILS. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Clal Insurance Enterprises Holdings Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, CLIS trades above its calculated fair value: price 242.70 ILS, fair value 211.44 ILS, 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 CLIS?
No. The price is what the market pays today (242.70 ILS); the fair value is what the company's own numbers justify (211.44 ILS). For Clal Insurance Enterprises Holdings Ltd the two are 31.26 ILS per share apart. That gap is exactly why we show both numbers side by side.
How much is Clal Insurance Enterprises Holdings Ltd worth?
The market values Clal Insurance Enterprises Holdings Ltd at about 19.7B ILS (market capitalisation, as of Nov 7, 2026). Per share that is 242.70 ILS; our models calculate a fair value of 211.44 ILS per share.
What do the bullish and bearish scenarios say about CLIS?
Our models span a range for Clal Insurance Enterprises Holdings Ltd: cautious scenario 157.44 ILS, base 211.44 ILS, optimistic 322.55 ILS per share (as of Nov 7, 2026, price 242.70 ILS). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CLIS?
Clal Insurance Enterprises Holdings Ltd trades at a price-to-earnings ratio of 8.5 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 211.44 ILS is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2016 to 2025), reported earnings: 13.2. Other multiples: P/B 1.8, P/S 1.1, EV/EBITDA 4.9.
How solid is the balance sheet of Clal Insurance Enterprises Holdings Ltd (CLIS)?
Balance-sheet figures for Clal Insurance Enterprises Holdings Ltd (as of Nov 7, 2026): return on equity 22.6%, debt of 1.53 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is CLIS from its 52-week high?
Clal Insurance Enterprises Holdings Ltd trades at 242.70 ILS, about 20% below its 52-week high of 302.30 ILS and 32% above the low of 184.16 ILS (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of 211.44 ILS is for.
Which stocks are comparable to Clal Insurance Enterprises Holdings Ltd?
From the same area (Financial Services) we also value Ping An Insurance (Group) Company, China Life Insurance Company, AIA Group, Manulife Financial Corporation, 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 Clal Insurance Enterprises Holdings Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price 242.70 ILS, calculated fair value 211.44 ILS (−13%), Quality Score 52/100, 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 CLIS calculated?
We run Clal Insurance Enterprises Holdings Ltd through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 211.44 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 13.0% above its aggregate fair value. Clal Insurance Enterprises Holdings 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 Clal Insurance Enterprises Holdings Ltd (CLIS)?
The closing price on Nov 5, 2026 was 242.70 ILS. Our model-based fair value is 211.44 ILS, about 13% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Clal Insurance Enterprises Holdings Ltd right now?
Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (157.44 ILS to 322.55 ILS) 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 Clal Insurance Enterprises Holdings Ltd (CLIS) come from?
Earnings per share at Clal Insurance Enterprises Holdings Ltd grew +12.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.8 %, EBIT margin +10.0 %, tax rate +0.2 %, residual (interest, one-offs) +0.1 %. 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 Clal Insurance Enterprises Holdings Ltd

How large is the market capitalisation of Clal Insurance Enterprises Holdings Ltd (CLIS)?
The market capitalisation of Clal Insurance Enterprises Holdings Ltd is 19.7B 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 Clal Insurance Enterprises Holdings Ltd (CLIS)?
The price-to-sales ratio of Clal Insurance Enterprises Holdings Ltd is 1.13 (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 Clal Insurance Enterprises Holdings Ltd (CLIS)?
Earnings per share at Clal Insurance Enterprises Holdings Ltd are 28.54 ILS (price ÷ EPS = P/E 8.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Clal Insurance Enterprises Holdings Ltd (CLIS)?
The dividend yield of Clal Insurance Enterprises Holdings Ltd is 0.8% (payout 7.2%). 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 Clal Insurance Enterprises Holdings Ltd (CLIS)?
The net margin of Clal Insurance Enterprises Holdings Ltd is 13.7% (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 Clal Insurance Enterprises Holdings Ltd (CLIS)?
The return on equity (ROE) of Clal Insurance Enterprises Holdings Ltd is 22.6% (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 Clal Insurance Enterprises Holdings Ltd (CLIS)?
On an EBIT basis the return on assets of Clal Insurance Enterprises Holdings Ltd is 0.8% (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 Clal Insurance Enterprises Holdings Ltd (CLIS)?
The operating margin of Clal Insurance Enterprises Holdings Ltd is 41.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Clal Insurance Enterprises Holdings Ltd (CLIS)?
Revenue at Clal Insurance Enterprises Holdings Ltd is growing +2.3% versus a year earlier (3y avg +27.5%). 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 Clal Insurance Enterprises Holdings Ltd (CLIS)?
Earnings per share at Clal Insurance Enterprises Holdings Ltd are growing +13.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Clal Insurance Enterprises Holdings Ltd (CLIS) generate?
The free cash flow of Clal Insurance Enterprises Holdings Ltd is 2.2B ILS (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 Clal Insurance Enterprises Holdings Ltd (CLIS) carry?
The net debt of Clal Insurance Enterprises Holdings Ltd is 13.3B ILS (fiscal year 2025, ≈ 6.1 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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