EN DE

Menora Mivtachim Holdings (MMHD) Fair Value & Analysis

Financial Services · Il · Market cap 28.3B ILA

MM Menora Mivtachim Holdings MMHD · TA
Price461.10 ILA
Fair Value489.20 ILA
Upside+6.1%
Quality68/100
Watch Menora Mivtachim Holdings for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Highly profitable · 23.2% net margin
Moderate debt · generates free cash flow
Ranks above peers (11/14)
Wide moat 76/100
Evidence: High Range 366.90 ILA – 611.50 ILA Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 22 days ago

Share price +4.3% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

542.75 ILA 49.98 ILA Fair Value 489.20 ILA Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 49.98 ILA – 542.75 ILA · fair‑value band 366.90 ILA – 611.50 ILA · the 461.10 ILA price screens below the 489.20 ILA fair value. Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Menora Mivtachim Holdings (MMHD) currently trades at 461.10 ILA, while our model-based Fair Value estimate is 489.20 ILA, implying the stock looks roughly 6.1% fairly valued today. We read business quality at 68/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Menora Mivtachim Holdings generated revenue of 10.2B ILA at a net margin of 23.0%. Revenue grew 42.1% year over year. It earns a return on equity of 28.2%. Net debt stands at 3.3B ILA. Fundamentals as of Jul 16, 2026

Our scenario range runs from 366.90 ILA (bear case) to 611.50 ILA (bull case); at 461.10 ILA, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Financial Services peers we cover trades at 1% fair-value upside, at 6%, MMHD screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 475.43 ILA 994.42 ILA 1,964 ILA 80
Residual Income 259.69 ILA 357.29 ILA 2,297 ILA 76
Rev-Margin DCF 484.19 ILA 996.21 ILA 1,749 ILA 74
All 26 models by family
DCF Models
FCF DCF 497.84 ILA 890.02 ILA 1,973 ILA 38
Owner Earnings 594.46 ILA 1,371 ILA 2,970 ILA 31
5Y Revenue Exit 484.19 ILA 967.18 ILA 1,827 ILA 39
5Y EBITDA Exit 531.64 ILA 1,071 ILA 1,970 ILA 41
5Y P/E Exit 503.74 ILA 1,071 ILA 1,790 ILA 38
10Y Revenue Exit 466.51 ILA 1,011 ILA 1,747 ILA 36
10Y EBITDA Exit 519.73 ILA 1,099 ILA 2,134 ILA 37
10Y P/E Exit 500.23 ILA 1,047 ILA 1,965 ILA 35
Earnings-Based
Graham-Dodd 255.89 ILA 1,718 ILA 2,406 ILA 54
Lynch FV 502.86 ILA 718.38 ILA 933.89 ILA 50
PEG = 1.0 502.86 ILA 718.38 ILA 933.89 ILA 46
EPV 323.74 ILA 384.90 ILA 438.41 ILA 59
Dividend Discount
Gordon GGM 88.18 ILA 183.35 ILA 290.86 ILA 70
DDM Multi-Stage 88.18 ILA 154.60 ILA 192.43 ILA 61
Multiples
P/E Multiple 564.47 ILA 752.62 ILA 940.78 ILA 63
P/S Multiple 479.80 ILA 639.73 ILA 799.66 ILA 58
P/B Multiple 330.86 ILA 441.14 ILA 551.43 ILA 55
EV/EBIT 734.41 ILA 993.61 ILA 1,253 ILA 53
EV/EBITDA 561.43 ILA 762.97 ILA 964.50 ILA 54
EV/Revenue 457.40 ILA 671.93 ILA 886.46 ILA 43
Asset-Based
NCAV (Graham) 73.52 ILA 98.52 ILA 147.05 ILA 50
Growth DCF
Growth DCF 475.43 ILA 994.42 ILA 1,964 ILA 80
Rev-Margin DCF 484.19 ILA 996.21 ILA 1,749 ILA 74
Economic Profit
Residual Income 259.69 ILA 357.29 ILA 2,297 ILA 76
ROIC Compounder 411.18 ILA 623.35 ILA 904.58 ILA 72
Growth Earnings
Growth-Adj P/E 683.43 ILA 976.32 ILA 1,269 ILA 68

Widest divergence: DCF Models (1,047 ILA) versus Asset-Based (98.52 ILA). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 10.5B ILA
Revenue growth (YoY) +12.3%
Net margin 23.2%
Return on equity 28.8%
Free cash flow 2.2B ILA FY2025
P/E ratio 18.2
More key figures
Operating margin 26.6%
EPS (TTM) 26.93 ILA
EPS growth (YoY) +20.2%
Net debt 3.3B ILA FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 53 · Market factors (momentum, volatility) 73

Profitability 45
Margins and returns on capital today
Quality Growth 82
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 10
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 72
Price trend over the last 3–12 months (market factor)
52W Momentum 85
Distance to the 52-week high (market factor)
Net Issuance 85
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Menora Mivtachim Holdings Ltd., together with its subsidiaries, operates in insurance and finance sectors in Israel. It operates through Life Insurance and Long-Term Savings; Health Insurance; and Property and Casualty Insurance segments.

Full company description

Menora Mivtachim Holdings Ltd., together with its subsidiaries, operates in insurance and finance sectors in Israel. It operates through Life Insurance and Long-Term Savings; Health Insurance; and Property and Casualty Insurance segments. The company offers mortgage, life, disability, health, critical illness, travel, personal accident, home, business, car, comprehensive car, third party, compulsory car, casual driver, truck, motorcycle, executive, foreign workers and tourists, cyber, and engineering insurance products; and pension, provident, and training funds. It also engages in the provision of securities distribution and underwriting obligations, insurance brokerage, financing and credit to SMEs, and undertakings for repayment of means of payment, as well as real estate investments, and solar activities. Menora Mivtachim Holdings Ltd. was formerly known as General Liability Office Ltd. and changed its name to Menora Mivtachim Holdings Ltd. in 2006. The company was incorporated in 1935 and is based in Ramat Gan, Israel.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Menora Mivtachim Holdings reported revenue of 17.9B ILA in FY2025 versus 13.0B ILA in FY2021, a compound +8.3%/yr. Reported net income was 2.4B ILA in FY2025, compounding +37.6%/yr from FY2021.

Growth Quality 99/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
17.9B ILS
Latest YoY
+20.9%
Avg. growth/yr (3Y)
+44.8%
Avg. growth/yr (5Y)
+13.4%
Avg. growth/yr (21Y)
+19.3%
Revenue +8.3%/yr
FY21 13.0B ILA
FY22 5.9B ILA
FY23 12.6B ILA
FY24 14.8B ILA
FY25 17.9B ILA
Net income +37.6%/yr
FY21 656M ILA
FY22 536M ILA
FY23 516M ILA
FY24 1.1B ILA
FY25 2.4B ILA

Watch MMHD: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Menora Mivtachim Holdings Fair Value". https://www.fairvalue-calculator.com/stock/MMHD

Peer Group

Insurance - Life · 96 stocks

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.

Quality Score 65 · Top 25%
Fair Value upside +6% · Above median
Return on equity (TTM) 29% · Top 25%
Return on assets 3% · Top 25%
Net margin (TTM) 23% · Top 25%
Operating margin (TTM) 27% · Above median
Revenue growth 12% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.55× · Higher than median

Valuation Multiples vs Insurance - Life median · lower = cheaper

P/E (TTM) 11.8× · Cheaper than median
P/B 1.01× · Cheaper than median
P/S (TTM) 0.88× · Cheaper than median
P/FCF 4.2× · Pricier than median
EV/EBITDA 3.0× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 41 · sector 28
FUTURE 62 · sector 44
PAST 100 · sector 42
HEALTH 72 · sector 85
DIVIDEND 1 · sector 54

Insider activity: 42/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Insurance - Life stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
China Life Insurance Company 601628 ¥38.72 ¥70.87 +83%
Ping An Insurance (Group) Company 601318 ¥49.60 ¥96.76 +95%
AIA Group 1299 HK$75.55 HK$7.88 -90%
Manulife Financial Corporation MFC C$58.52 C$45.13 -23%
Great-West Lifeco Inc GWO C$92.34 C$59.64 -35%
Life Insurance Corporation LICI ₹438.30 ₹590.43 +35%
Fubon Financial Holding 2881 124.50 TWD 115.05 TWD -8%
Cathay Financial Holding 2882 94.00 TWD 94.95 TWD +1%
Samsung Life Insurance Co 032830 337,500 KRW 166,710 KRW -51%
China Pacific Insurance (Group) Co 601601 ¥29.75 ¥59.50 +100%

Compare Menora Mivtachim Holdings with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Financial Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Menora Mivtachim Holdings (MMHD) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 489.20 ILA versus a price of 461.10 ILA, about +6% (fairly valued).
What is the fair value of MMHD?
Our model-based fair value for Menora Mivtachim Holdings is 489.20 ILA (as of Jul 16, 2026), built from audited fundamentals. The current price is 461.10 ILA.
What is the quality score of MMHD?
Menora Mivtachim Holdings has a Quality Score of 68/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Menora Mivtachim Holdings (MMHD)?
Menora Mivtachim Holdings reported trailing-twelve-month revenue of about 10.2B ILS (latest available figure, as of Jul 16, 2026).
What is the net profit margin of MMHD?
The net profit margin of Menora Mivtachim Holdings is about 23.0%, meaning it keeps roughly 23.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Menora Mivtachim Holdings and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.