Clal Insurance Enterprises Holdings Ltd (CLIS) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Clal Insurance Enterprises Holdings Ltd ILS 240, price ILS 297, upside -19.3%, quality 46 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 43.68 ILA – 298.20 ILA · fair‑value band 170.87 ILA – 320.58 ILA · the 296.80 ILA price screens above the 239.59 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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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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Clal Insurance Enterprises Holdings Ltd. operates in the fields of insurance, pensions, provident funds and finance, and credit insurance in Israel. 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 296.80 ILA, while our model-based Fair Value estimate is 239.59 ILA, implying the stock looks roughly 23.9% overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 255.85 ILA per share, and 1 of the 6 models we run sit above the 296.80 ILA price.
Bear case: the Dividend Discount group reads lowest at 37.76 ILA, and 5 of the 6 models stay below the price. Evidence for this calculation is high.
Scenario range: 170.87 ILA (bear) to 320.58 ILA (bull), the price of 296.80 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 46/100 (below-average 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 24.6B ILA · P/E ratio 10.7 · P/S ratio 1.61 · EPS (TTM) 27.74 ILA · Dividend yield 1.1% · Net margin 15.1% · Return on equity 22.9% · Return on assets (EBIT) 0.8%.
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 at its 52-week high and 99% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −35% fair-value upside, at −19%, CLIS screens cheaper than that median.
Fair Value models
Bear 170.87 ILAFair Value 239.59 ILABull 320.58 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 (20.29 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.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%
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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.
+34.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+33.5%
Dividend (yield on the price)1.1%
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.20% vs 21%, 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.
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.
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).
+9.0%
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 +6.8% a year for the price.
Compare Clal Insurance Enterprises Holdings Ltd with another stock
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.Insurance - Life · 95 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score45 · Bottom 25%
Fair Value upside−19% · Below median
Profitability
Return on equity (TTM)23% · Top 25%
Return on assets2% · Top 25%
Net margin (TTM)13% · Above median
Operating margin (TTM)30% · Above median
Growth and dividend
Revenue growth8% · Below median
Dividend yield (TTM)1.1% · Bottom 25%
Balance sheet
Debt / equity1.53× · Highest 25%
Valuation Multiplesvs Insurance - Life median · lower = cheaper
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Is Clal Insurance Enterprises Holdings Ltd (CLIS) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 239.59 ILA versus a price of 296.80 ILA, about −19% upside (overvalued).
What is the fair value of CLIS?
Our model-based fair value for Clal Insurance Enterprises Holdings Ltd is 239.59 ILA (as of Sep 24, 2026), built from audited fundamentals. The current price: 296.80 ILA.
What is the quality score of CLIS?
Clal Insurance Enterprises Holdings Ltd has a Quality Score of 46/100. 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 239.59 ILA (as of Sep 24, 2026) from 6 valuation models. Cautious scenario 170.87 ILA, optimistic scenario 320.58 ILA. 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 239.59 ILA, about −19% upside versus a price of 296.80 ILA (overvalued). Cautious scenario 170.87 ILA, optimistic scenario 320.58 ILA. 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 Sep 24, 2026).
Does Clal Insurance Enterprises Holdings Ltd pay a dividend?
Clal Insurance Enterprises Holdings Ltd currently shows a dividend yield of about 1.06% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Clal Insurance Enterprises Holdings Ltd (CLIS)?
For today's price to be fair in a discounted-cash-flow model, Clal Insurance Enterprises Holdings Ltd would have to grow free cash flow by +9.0 % per year for five years (discount rate 10.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of CLIS use?
Our models discount Clal Insurance Enterprises Holdings Ltd at 10.7 %: a base by market capitalisation (mid), damped by beta 0.71, 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 Clal Insurance Enterprises Holdings Ltd that is +9.0 % per year a year over ten years, using the same discount rate (10.7 %) and the same formula as our fair value.
How much growth has Clal Insurance Enterprises Holdings Ltd (CLIS) delivered so far?
Over the past 5 years revenue at Clal Insurance Enterprises Holdings Ltd grew +0.7 % a year. The price currently implies +9.0 % 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 Clal Insurance Enterprises Holdings Ltd (CLIS) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Clal Insurance Enterprises Holdings Ltd (+9.0 % 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 Clal Insurance Enterprises Holdings Ltd (CLIS)?
The free-cash-flow yield on the price is 8.86 %: that much free cash flow Clal Insurance Enterprises Holdings Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of 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 239.59 ILA per share (as of Sep 24, 2026), against a price of 296.80 ILA. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Clal Insurance Enterprises Holdings Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, CLIS trades above its calculated fair value: price 296.80 ILA, fair value 239.59 ILA, a gap of about −19% (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 (296.80 ILA); the fair value is what the company's own numbers justify (239.59 ILA). For Clal Insurance Enterprises Holdings Ltd the two are 57.21 ILA 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 24.6B ILA (market capitalisation, as of Sep 24, 2026). Per share that is 296.80 ILA; our models calculate a fair value of 239.59 ILA 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 170.87 ILA, base 239.59 ILA, optimistic 320.58 ILA per share (as of Sep 24, 2026, price 296.80 ILA). 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 10.7 (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 239.59 ILA is built from several models across several years. Other multiples: P/B 0.8, P/S 0.5, EV/EBITDA 3.2.
How solid is the balance sheet of Clal Insurance Enterprises Holdings Ltd (CLIS)?
Balance-sheet figures for Clal Insurance Enterprises Holdings Ltd (as of Sep 24, 2026): return on equity 22.9%, debt of 1.53 per unit of equity. They feed the Quality Score of 46/100, 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 296.80 ILA, at its 52-week high of 298.20 ILA and 99% above the low of 149.37 ILA (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 239.59 ILA is for.
Which stocks are comparable to Clal Insurance Enterprises Holdings Ltd?
From the same area (Financial Services) we also value China Life Insurance Company, Ping An Insurance (Group) 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 Sep 24, 2026: price 296.80 ILA, calculated fair value 239.59 ILA (−19%), Quality Score 46/100, 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 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 239.59 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. 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 Sep 23, 2026 was 296.80 ILA. Our model-based fair value is 239.59 ILA, about −19% upside (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 (46/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (170.87 ILA to 320.58 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.
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 24.6B 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 Clal Insurance Enterprises Holdings Ltd (CLIS)?
The price-to-sales ratio of Clal Insurance Enterprises Holdings Ltd is 1.61 (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 Clal Insurance Enterprises Holdings Ltd (CLIS)?
Earnings per share at Clal Insurance Enterprises Holdings Ltd are 27.74 ILA (price ÷ EPS = P/E 10.7). 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 1.1% (payout 11.3%). 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 15.1% (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 Clal Insurance Enterprises Holdings Ltd (CLIS)?
The return on equity (ROE) of Clal Insurance Enterprises Holdings Ltd is 22.9% (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 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 29.5% (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 +8.2% 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 +5.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Clal Insurance Enterprises Holdings Ltd (CLIS) carry?
The net debt of Clal Insurance Enterprises Holdings Ltd is 13.3B ILA (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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