Sarfati (SRFT) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Sarfati ILS 19.23, price ILS 31.64, upside -39.2%, quality 30 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 17.32 ILA – 51.54 ILA · fair‑value band 14.42 ILA – 19.68 ILA · the 31.64 ILA price screens above the 19.23 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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Zvi Sarfati & Sons Investments & Constructions Ltd., through its subsidiaries, constructs and sells residential projects, apartments, and commercial spaces and offices in Israel. It is also involved in acquisition of land; project planning; and execution; and sale of urban renewal projects.
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Zvi Sarfati & Sons Investments & Constructions Ltd., through its subsidiaries, constructs and sells residential projects, apartments, and commercial spaces and offices in Israel. It is also involved in acquisition of land; project planning; and execution; and sale of urban renewal projects. The company was incorporated in 1992 and is based in Rishon LeZion, Israel.
Stock analysis
Sarfati (SRFT) currently trades at 31.64 ILA, while our model-based Fair Value estimate is 19.23 ILA, implying the stock looks roughly 64.5% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 47.51 ILA per share, and 3 of the 9 models we run sit above the 31.64 ILA price.
Bear case: the Dividend Discount group reads lowest at 4.93 ILA, and 6 of the 9 models stay below the price. Evidence for this calculation is high.
Scenario range: 14.42 ILA (bear) to 19.68 ILA (bull), the price of 31.64 ILA sits above 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 30/100 (below-average quality), in the Real Estate sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Sarfati reported revenue of 409M ILS in FY2025 versus 560M ILS in FY2021, a compound −7.6%/yr. Reported net income was 21.0M ILS in FY2025, compounding −37.5%/yr from FY2021.
Key figures
Market cap 582M ILA · P/E ratio 29.8 · P/S ratio 1.53 · EPS (TTM) 1.06 ILA · Dividend yield 1.5% · Net margin 5.1% · Return on equity 3.4% · Return on assets (EBIT) 10.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 39% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 54% fair-value upside, at −39%, SRFT screens richer than that median.
Fair Value models
Bear 14.42 ILAFair Value 19.23 ILABull 19.68 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 (0.7754 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−15.2%
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.
−4.5%
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.
+19.5%
Start year 2020 (pandemic). Over 10 years: +4.3% a year
Revenue growth 22 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.
+5.9%
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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.
+9.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.7%
Dividend (yield on the price)1.5%
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.8% vs 0%, picking up
Profit margin 2019 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.24% → 16%
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.Real Estate - Development · 577 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score31 · Bottom 25%
Fair Value upside−40% · Bottom 25%
Profitability
Return on equity (TTM)3% · Above median
Return on assets2% · Above median
Net margin (TTM)5% · Below median
Operating margin (TTM)18% · Above median
Growth and dividend
Revenue growth−37% · Bottom 25%
Dividend yield (TTM)1.5% · Below median
Balance sheet
Debt / equity0.05× · Lowest 25%
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
P/E (TTM)29.8× · Priciest 25%
P/B0.33× · Cheaper than median
P/S (TTM)0.53× · Cheaper than median
EV/EBITDA2.8× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 49
FUTURE (revenue growth)0· sector 0
PAST (return on equity)14· sector 12
HEALTH (low debt)98· sector 83
DIVIDEND (yield)29· sector 56
VALUE 0: the price sits above our fair-value range.
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). "Sarfati Fair Value". https://www.fairvalue-calculator.com/stock/SRFT
Frequently asked questions
Is Sarfati (SRFT) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 19.23 ILA versus a price of 31.64 ILA, about −39% upside (overvalued).
What is the fair value of SRFT?
Our model-based fair value for Sarfati is 19.23 ILA (as of Sep 24, 2026), built from audited fundamentals. The current price: 31.64 ILA.
What is the quality score of SRFT?
Sarfati has a Quality Score of 30/100. 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 Sarfati (SRFT)?
Our model-based price target is the fair value of 19.23 ILA (as of Sep 24, 2026) from 9 valuation models. Cautious scenario 14.42 ILA, optimistic scenario 19.68 ILA. It is a calculation from audited fundamentals, not an analyst target.
What is the Sarfati stock forecast for 2026?
Our models put fair value at 19.23 ILA, about −39% upside versus a price of 31.64 ILA (overvalued). Cautious scenario 14.42 ILA, optimistic scenario 19.68 ILA. The calculation is refreshed regularly with new filings.
What is the revenue of Sarfati (SRFT)?
Sarfati reported trailing-twelve-month revenue of about 370M ILS (latest available figure, as of Sep 24, 2026).
Does Sarfati pay a dividend?
Sarfati currently shows a dividend yield of about 1.45% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Sarfati (SRFT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sarfati it is 19.23 ILA per share (as of Sep 24, 2026), against a price of 31.64 ILA. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Sarfati stock overvalued or undervalued in 2026?
As of Sep 24, 2026, SRFT trades above its calculated fair value: price 31.64 ILA, fair value 19.23 ILA, a gap of about −39% (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 SRFT?
No. The price is what the market pays today (31.64 ILA); the fair value is what the company's own numbers justify (19.23 ILA). For Sarfati the two are 12.41 ILA per share apart. That gap is exactly why we show both numbers side by side.
How much is Sarfati worth?
The market values Sarfati at about 582M ILA (market capitalisation, as of Sep 24, 2026). Per share that is 31.64 ILA; our models calculate a fair value of 19.23 ILA per share.
What do the bullish and bearish scenarios say about SRFT?
Our models span a range for Sarfati: cautious scenario 14.42 ILA, base 19.23 ILA, optimistic 19.68 ILA per share (as of Sep 24, 2026, price 31.64 ILA). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SRFT?
Sarfati trades at a price-to-earnings ratio of 29.8 (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 19.23 ILA is built from several models across several years. Other multiples: P/B 0.3, P/S 0.5, EV/EBITDA 2.8.
How solid is the balance sheet of Sarfati (SRFT)?
Balance-sheet figures for Sarfati (as of Sep 24, 2026): return on equity 3.4%, debt of 0.05 per unit of equity. They feed the Quality Score of 30/100, which measures business quality independently of the share price.
How far is SRFT from its 52-week high?
Sarfati trades at 31.64 ILA, about 39% below its 52-week high of 51.54 ILA and 19% above the low of 26.50 ILA (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 19.23 ILA is for.
Which stocks are comparable to Sarfati?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, 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 Sarfati stock attractive at the current price?
The data as of Sep 24, 2026: price 31.64 ILA, calculated fair value 19.23 ILA (−39%), Quality Score 30/100, from 9 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 SRFT calculated?
We run Sarfati through 9 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 19.23 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 13.0 % above its aggregate fair value. Sarfati 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 Sarfati (SRFT)?
The closing price on Sep 24, 2026 was 31.64 ILA. Our model-based fair value is 19.23 ILA, about −39% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sarfati right now?
The price sits above even our optimistic bull case (19.68 ILA). The favourable scenario is already priced in. Weak quality (30/100) and above fair value at the same time, the margin of safety is missing on both counts. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Sarfati
How large is the market capitalisation of Sarfati (SRFT)?
The market capitalisation of Sarfati is 582M 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 Sarfati (SRFT)?
The price-to-sales ratio of Sarfati is 1.53 (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 Sarfati (SRFT)?
Earnings per share at Sarfati are 1.06 ILA (price ÷ EPS = P/E 29.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sarfati (SRFT)?
The dividend yield of Sarfati is 1.5% (payout 43.4%). 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 Sarfati (SRFT)?
The net margin of Sarfati is 5.1% (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 Sarfati (SRFT)?
The return on equity (ROE) of Sarfati is 3.4% (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 Sarfati (SRFT)?
On an EBIT basis the return on assets of Sarfati is 10.2% (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 Sarfati (SRFT)?
The operating margin of Sarfati is 17.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sarfati (SRFT)?
Revenue at Sarfati is growing −36.5% versus a year earlier (3y avg −4.5%). 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 Sarfati (SRFT)?
Earnings per share at Sarfati are growing −29.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Sarfati (SRFT) generate?
The free cash flow of Sarfati is −57.2M ILA (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 Sarfati (SRFT) carry?
The net debt of Sarfati is 591M ILA (fiscal year 2025). 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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