- ISIN
- US3464141056
- CUSIP
- 346414105
- Sector
- Technology
- Industry
- Information Technology Services
- IPO Date
- Oct 21, 1997
Highlights
- Market Cap
- $1.66B
- Enterprise Value
- $1.48B
- EPS (TTM)
- $59.38
- PE Ratio
- 1.82
- PEG Ratio
- 0.01
- Total Revenue (TTM)
- $2.89B
- Gross Profit (TTM)
- $608.23M
- EBITDA (TTM)
- $248.41M
- Year Range
- $102.01 - $190.56
- ROA (TTM)
- 17.21%
- ROE (TTM)
- 45.22%
- Avg. Volume (1M)
- 545
- Avg. Volume Value (1M)
- $59.86K
Share Price Chart
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Performance
FORTY Performance Chart
Formula Systems (1985) Ltd. (FORTY) is down 28.9% since the beginning of the year. At $108 per share, FORTY is trading 43.3% below its 52-week high of $191. Investors who bought $1,000 worth of FORTY shares 5 years ago would now be looking at an investment worth $1,437.
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Returns By Period
Formula Systems (1985) Ltd. (FORTY) has returned -28.91% so far this year and 3.42% over the past 12 months. Over the last decade, FORTY has posted an annualized return of 13.74%, slightly higher than the S&P 500 Index benchmark’s 13.26%.
Formula Systems (1985) Ltd.
- 1D
- 1.77%
- 1M
- 0.95%
- 6M
- -28.33%
- YTD
- -28.91%
- 1Y
- 3.42%
- 3Y*
- 19.70%
- 5Y*
- 7.52%
- 10Y*
- 13.74%
- ALL TIME*
- 7.79%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FORTY Monthly Returns History
Based on dividend-adjusted daily data since Oct 21, 1997, FORTY's average daily return is +0.07%, while the average monthly return is +1.32%. At this rate, an investment would double in approximately 4.4 years.
Historically, 56% of months were positive and 44% were negative. The best month was Feb 2000 with a return of +68.4%, while the worst month was Apr 2002 at -30.9%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 8 months.
On a daily basis, FORTY closed higher 38% of trading days. The best single day was Mar 27, 2020 with a return of +41.5%, while the worst single day was Feb 4, 2026 at -20.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.81% | -30.09% | -4.79% | 20.13% | 9.97% | -23.03% | 5.89% | -28.91% | |||||
| 2025 | 2.55% | 3.64% | -5.43% | -0.63% | 25.07% | 16.14% | -13.56% | 17.33% | 8.63% | 0.15% | 6.96% | 11.87% | 91.50% |
| 2024 | 2.00% | 15.22% | 8.14% | -9.17% | 5.28% | -8.57% | 8.92% | -2.00% | 4.97% | 6.50% | 0.06% | 4.40% | 38.51% |
| 2023 | 11.14% | -13.31% | -3.89% | -4.25% | 11.04% | 7.73% | -3.62% | 2.21% | 2.40% | -22.71% | 4.58% | 7.51% | -7.03% |
| 2022 | -8.20% | -6.96% | -4.91% | -2.88% | -3.99% | -0.36% | 11.40% | 0.10% | -20.43% | -2.59% | 2.77% | -13.36% | -41.93% |
| 2021 | 1.05% | -6.82% | 10.86% | 6.31% | -7.57% | 3.15% | -1.66% | 10.94% | 0.77% | 10.45% | 9.46% | 4.45% | 46.89% |
Benchmark Metrics
Formula Systems (1985) Ltd. has an annualized alpha of 14.39%, beta of 0.59, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since October 21, 1997.
- This stock captured 121.23% of S&P 500 Index gains and 116.45% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- Beta of 0.59 may look defensive, but with R2 of 0.06 this stock is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
- R2 of 0.06 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 14.39%
- Beta
- 0.59
- R²
- 0.06
- Upside Capture
- 121.23%
- Downside Capture
- 116.45%
Return for Risk
Risk / Return Rank
FORTY ranks 50 for risk / return — above 50% of stocks peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Formula Systems (1985) Ltd. (FORTY) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FORTY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.25 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 2.00 | -1.80 |
| Martin ratioReturn relative to average drawdown | 0.37 | 8.49 | -8.12 |
Dividends
Dividend History
Formula Systems (1985) Ltd. provided a 13.01% dividend yield over the last twelve months, with an annual payout of $14.05 per share. The company has been increasing its dividends for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $14.05 | $2.39 | $1.26 | $0.62 | $1.42 | $1.26 | $0.52 | $0.83 | $0.58 | $0.24 | $0.81 | $0.62 |
Dividend yield | 13.01% | 1.43% | 1.42% | 0.95% | 2.00% | 1.02% | 0.61% | 1.22% | 1.61% | 0.58% | 2.04% | 2.34% |
Monthly Dividends
The table displays the monthly dividend distributions for Formula Systems (1985) Ltd.. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $13.05 | $0.00 | $0.00 | $13.05 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.94 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.51 | $0.00 | $0.50 | $2.39 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.64 | $0.00 | $0.00 | $0.00 | $0.00 | $0.62 | $0.00 | $0.00 | $0.00 | $1.26 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.62 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.62 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.79 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.63 | $1.42 |
| 2021 | $0.00 | $0.48 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.78 | $0.00 | $0.00 | $0.00 | $0.00 | $1.26 |
Dividend Yield & Payout
Dividend Yield
Formula Systems (1985) Ltd. has a dividend yield of 13.01%, which means its dividend payment is significantly above the market average.
Payout Ratio
Formula Systems (1985) Ltd. has a payout ratio of 4.61%, which is below the market average. This means Formula Systems (1985) Ltd. returns a smaller proportion of its earnings to shareholders as dividends, suggesting it retains a higher portion for reinvestment, growth, or debt payment.
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Formula Systems (1985) Ltd.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Formula Systems (1985) Ltd. was 92.82%, occurring on Mar 9, 2009. Recovery took 1946 trading sessions.
The current Formula Systems (1985) Ltd. drawdown is 37.50%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-92.82%Mar 2009 | 9y 9d | 7y 8mo | 16y 9moMar 2000 - Nov 2016 | Financial crisis2007–2009 |
-73.26%Oct 1998 | 6mo 8d | 1y 2mo | 1y 8moApr 1998 - Dec 1999 | — |
-54.40%Oct 2023 | 1y 11mo | 1y 8mo | 3y 7moNov 2021 - Jun 2025 | — |
-49.16%Mar 2020 | 1mo 26d | 2mo 4d | 4moJan 2020 - May 2020 | COVID crash2020 |
-41.95%Mar 2026 | 3mo 2d | — | 7mo 7dDec 2025 - now | — |
Drawdown Indicators
| FORTY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.82% | -56.78% | -36.04% |
Max Drawdown (1Y)Largest decline over 1 year | -41.95% | -9.10% | -32.85% |
Max Drawdown (3Y)Largest decline over 3 years | -41.95% | -18.90% | -23.05% |
Max Drawdown (5Y)Largest decline over 5 years | -54.40% | -25.43% | -28.97% |
Max Drawdown (10Y)Largest decline over 10 years | -54.40% | -33.92% | -20.48% |
Current DrawdownCurrent decline from peak | -37.50% | -1.58% | -35.92% |
Average DrawdownAverage peak-to-trough decline | -47.98% | -10.70% | -37.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.42% | 2.14% | +21.28% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Financials
Financial Performance
The chart below illustrates the trends in the financial health of Formula Systems (1985) Ltd. over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.
Valuation
The Valuation section provides an overview of how Formula Systems (1985) Ltd. is priced in the market compared to other companies in the Information Technology Services industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.
PE Ratio
The chart displays the Price-to-Earnings (P/E) ratio for FORTY, comparing it with other companies in the Information Technology Services industry. Currently, FORTY has a P/E ratio of 1.8. This P/E ratio is considered low compared to industry peers, which may suggest that the stock is undervalued or that the company has weaker growth prospects.
PEG Ratio
The chart shows the Price/Earnings to Growth (PEG) ratio for FORTY compared to other companies in the Information Technology Services industry. FORTY currently has a PEG ratio of 0.0. This PEG ratio is low compared to industry peers, which could indicate the stock is undervalued relative to its expected growth.
PS Ratio
This chart shows the Price-to-Sales (P/S) ratio for FORTY relative to other companies in the Information Technology Services industry. Currently, FORTY has a P/S ratio of 0.4. This P/S ratio is low compared to the industry average. It may indicate that the stock is undervalued relative to its revenue, or that the market expects slower growth or lower margins.
Income Statement
| TTM | |
|---|---|
Revenue | |
Total Revenue | — |
Cost Of Revenue | — |
Gross Profit | — |
Operating Expenses | |
Selling, General & Admin Expenses | — |
R&D Expenses | — |
Depreciation And Amortization | — |
Total Operating Expenses | — |
Income | |
Income Before Tax | — |
Operating Income | — |
EBITDA | — |
EBIT | — |
Earnings From Continuing Operations | — |
Net Income | — |
Income Tax Expense | — |
Other Non-Operating Income (Expenses) | — |
Extraordinary Items | — |
Discontinued Operations | — |
Effect Of Accounting Charges | — |
Non Recurring | — |
Minority Interest | — |
Other Items | — |
Interest Income | — |
Interest Expense | — |
Net Interest Income | — |
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