Delek Group (DLEKG) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Delek Group stock ILS 69.69, price ILS 77.00, that is 9.5% below the price, quality 45 out of 100. Rating: overvalued. Calculated from audited financials with 23 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range 11.36 ILS – 114.09 ILS · fair‑value band 51.48 ILS – 89.17 ILS · the 77.00 ILS price screens above the 69.69 ILS fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Delek Group Ltd., an energy company, engages in the exploration, development, production, and marketing of oil and natural gas in Israel and internationally.
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It holds interests in the Leviathan and Aphrodite reservoirs in Cyprus; assets oil offshore oil assets in the Mediterranean, as well as oil and gas reserves in the North Sea region; and treatment, and storage facilities. Delek Group Ltd. was founded in 1951 and is headquartered in Herzliya, Israel.
Stock analysis
Delek Group (DLEKG) currently trades at 77.00 ILS, while our model-based Fair Value estimate is 69.69 ILS, 9% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 193.53 ILS per share, and 11 of the 23 models we run sit above the 77.00 ILS price.
Bear case: the Asset-Based group reads lowest at 33.39 ILS, and 12 of the 23 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 51.48 ILS (bear) to 89.17 ILS (bull), the price of 77.00 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 45/100 (below-average quality), in the Energy sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Delek Group reported revenue of 6.0B ILS in FY2025 versus 8.0B ILS in FY2021, a compound −7.0%/yr. Reported net income was 3.3B ILS in FY2025, compounding +22.8%/yr from FY2021.
Key figures
Market cap 14.0B ILS Mid · P/E ratio 55.0 · P/S ratio 30.0 · EPS (TTM) 1.40 ILS · Dividend yield 7.3% · Net margin 54.5% · Return on equity 6.1% · Return on assets (EBIT) 12.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 67 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at 10% fair-value upside, at −9%, DLEKG screens richer than that median.
Fair Value models
Bear51.48 ILSFair Value 69.69 ILSBull89.17 ILS
Price 77.00 ILS · Downside -9.5%
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.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
FCF DCF88.24 ILS128.62 ILS198.11 ILS80
Growth DCF92.33 ILS130.60 ILS191.21 ILS78
Owner Earnings178.43 ILS243.14 ILS354.51 ILS77
All 23 models by family
DCF Models
FCF DCF88.24 ILS128.62 ILS198.11 ILS80
Owner Earnings178.43 ILS243.14 ILS354.51 ILS77
5Y Revenue Exit19.86 ILS34.03 ILS54.82 ILS71
5Y EBITDA Exit39.14 ILS67.07 ILS104.90 ILS74
5Y P/E Exit94.91 ILS162.67 ILS245.00 ILS70
10Y Revenue Exit49.51 ILS63.34 ILS76.40 ILS68
10Y EBITDA Exit60.57 ILS81.99 ILS103.54 ILS70
10Y P/E Exit90.88 ILS135.95 ILS179.48 ILS64
Earnings-Based
Graham-Dodd121.94 ILS168.68 ILS196.39 ILS67
EPV9.79 ILS19.03 ILS26.64 ILS71
Dividend Discount
Gordon GGM42.43 ILS45.82 ILS50.62 ILS69
DDM Multi-Stage42.43 ILS51.08 ILS61.31 ILS67
Multiples
P/E Multiple188.29 ILS251.06 ILS313.82 ILS63
P/S Multiple29.60 ILS39.46 ILS49.33 ILS58
P/B Multiple67.29 ILS89.72 ILS112.15 ILS55
EV/EBIT29.57 ILS57.34 ILS85.11 ILS63
EV/EBITDA16.61 ILS40.07 ILS63.52 ILS63
Asset-Based
NCAV (Graham)24.92 ILS33.39 ILS49.84 ILS54
Growth DCF
Growth DCF92.33 ILS130.60 ILS191.21 ILS78
Rev-Margin DCF19.86 ILS35.41 ILS53.57 ILS71
Economic Profit
Residual Income83.81 ILS98.01 ILS134.99 ILS76
ROIC Compounder9.79 ILS19.03 ILS26.64 ILS70
Growth Earnings
Growth-Adj P/E135.47 ILS193.53 ILS251.59 ILS67
The fair value above starts from this blend and is adjusted for dilution from new shares.
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 is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−50.1%
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.
−20.7%
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.
−2.2%
Start year 2020 (pandemic). Over 10 years: −0.6% 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) (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.
+9.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.2%
Dividend (yield on the price)7.3%
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.base effect: 25.8% / 20.6%
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.32% → 34%
2025 sits 104% 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)
⚠ Revenue per share shrinking 9.0%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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).
+1.3%
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 −0.8% a year for the 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.Positive
Recent news coverage is more positive 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.Oil & Gas E&P · 239 stocks
Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside−9.5% · Below median
Profitability
Return on equity (12 months)6.1% · Below median
Return on assets5.8% · Above median
Net margin (12 months)83.3% · Top 25%
Operating margin (12 months)47.6% · Above median
Growth and dividend
Revenue growth (quarter YoY)24.2% · Above median
Dividend yield (12 months)7.3% · Top 25%
Balance sheet
Debt / equity1.37× · Highest 25%
Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Delek Group Fair Value". https://www.fairvalue-calculator.com/stock/DLEKG
Frequently asked questions
Is Delek Group (DLEKG) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 69.69 ILS versus a price of 77.00 ILS, about 9% lower (overvalued).
What is the fair value of DLEKG?
Our model-based fair value for Delek Group is 69.69 ILS (as of Nov 3, 2026), built from audited fundamentals. The current price: 77.00 ILS.
What is the quality score of DLEKG?
Delek Group has a Quality Score of 45/100. 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 Delek Group (DLEKG)?
Our model-based price target is the fair value of 69.69 ILS (as of Nov 3, 2026) from 23 valuation models. Cautious scenario 51.48 ILS, optimistic scenario 89.17 ILS. It is a calculation from audited fundamentals, not an analyst target.
What is the Delek Group stock forecast for 2026?
Our models put fair value at 69.69 ILS, about 9% lower versus a price of 77.00 ILS (overvalued). Cautious scenario 51.48 ILS, optimistic scenario 89.17 ILS. The calculation is refreshed regularly with new filings.
What is the revenue of Delek Group (DLEKG)?
Delek Group reported trailing-twelve-month revenue of about 4.1B ILS (latest available figure, as of Nov 3, 2026).
Does Delek Group pay a dividend?
Delek Group currently shows a dividend yield of 7.28% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Delek Group (DLEKG) and when is the ex-dividend date?
Delek Group pays a dividend of 5.61 ILS per share a year, a dividend yield of 7.3%. The last ex-dividend date was Aug 27, 2026. Free cash flow covers the dividend 2.50 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Delek Group (DLEKG)?
For today's price to be fair in a discounted-cash-flow model, Delek Group would have to grow free cash flow by +1.3 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.2 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of DLEKG use?
Our models discount Delek Group at 11.6 %: a base by market capitalisation (mid), 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 Delek Group that is +1.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Delek Group (DLEKG) delivered so far?
Over the past 5 years revenue at Delek Group grew -2.2 % a year. The price currently implies free-cash-flow growth of +1.3 % per 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 Delek Group (DLEKG) growing?
The median revenue growth in the sector is +14.1 % a year. That is the yardstick for the growth priced into Delek Group (+1.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Delek Group (DLEKG)?
The free-cash-flow yield on the price is 18.17 %: that much free cash flow Delek Group produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Delek Group (DLEKG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Delek Group it is 69.69 ILS per share (as of Nov 3, 2026), against a price of 77.00 ILS. It is the blended result of 23 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Delek Group stock overvalued or undervalued in 2026?
As of Nov 3, 2026, DLEKG trades above its calculated fair value: price 77.00 ILS, fair value 69.69 ILS, a gap of about −9% (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 DLEKG?
No. The price is what the market pays today (77.00 ILS); the fair value is what the company's own numbers justify (69.69 ILS). For Delek Group the two are 7.31 ILS per share apart. That gap is exactly why we show both numbers side by side.
How much is Delek Group worth?
The market values Delek Group at about 14.0B ILS (market capitalisation, as of Nov 3, 2026). Per share that is 77.00 ILS; our models calculate a fair value of 69.69 ILS per share.
What do the bullish and bearish scenarios say about DLEKG?
Our models span a range for Delek Group: cautious scenario 51.48 ILS, base 69.69 ILS, optimistic 89.17 ILS per share (as of Nov 3, 2026, price 77.00 ILS). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DLEKG?
Delek Group trades at a price-to-earnings ratio of 55.0 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 69.69 ILS is built from several models across several years.
How solid is the balance sheet of Delek Group (DLEKG)?
Balance-sheet figures for Delek Group (as of Nov 3, 2026): return on equity 6.1%, debt of 1.37 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is DLEKG from its 52-week high?
Delek Group trades at 77.00 ILS, about 33% below its 52-week high of 114.09 ILS and 4% above the low of 74.00 ILS (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of 69.69 ILS is for.
Which stocks are comparable to Delek Group?
From the same area (Energy) we also value ConocoPhillips explores for,, CNOOC Limited, Canadian Natural Resources Limited, EOG Resources, 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 Delek Group stock attractive at the current price?
The data as of Nov 3, 2026: price 77.00 ILS, calculated fair value 69.69 ILS (−9%), Quality Score 45/100, from 23 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 DLEKG calculated?
We run Delek Group through 23 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 69.69 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. Delek Group 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 Delek Group (DLEKG)?
The closing price on Nov 5, 2026 was 77.00 ILS. Our model-based fair value is 69.69 ILS, about 9% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Delek Group right now?
The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of Delek Group (DLEKG) come from?
Earnings per share at Delek Group grew +18.1 % a year from 2015 to 2025. Broken into its drivers: revenue per share +0.5 %, EBIT margin +7.6 %, tax rate −4.1 %, residual (interest, one-offs) +13.9 %. 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 Delek Group
How large is the market capitalisation of Delek Group (DLEKG)?
The market capitalisation of Delek Group is 14.0B 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 Delek Group (DLEKG)?
The price-to-sales ratio of Delek Group is 30.0 (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 Delek Group (DLEKG)?
Earnings per share at Delek Group are 1.40 ILS (price ÷ EPS = P/E 55.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Delek Group (DLEKG)?
The dividend yield of Delek Group is 7.3%. 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 Delek Group (DLEKG)?
The net margin of Delek Group is 54.5% (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 Delek Group (DLEKG)?
The return on equity (ROE) of Delek Group is 6.1% (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 Delek Group (DLEKG)?
On an EBIT basis the return on assets of Delek Group is 12.3% (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 Delek Group (DLEKG)?
The operating margin of Delek Group is 47.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Delek Group (DLEKG)?
Revenue at Delek Group is growing +24.2% versus a year earlier (3y avg −20.7%). 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 Delek Group (DLEKG)?
Earnings per share at Delek Group are growing +88.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Delek Group (DLEKG) carry?
The net debt of Delek Group is 9.8B ILS (fiscal year 2025, ≈ 3.8 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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Nov 3, 2026