The Tel-Aviv Stock Exchange Ltd. (TVAVF)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
The Tel-Aviv Stock Exchange Ltd. (TVAVF) trades at $44.65. The Tel-Aviv Stock Exchange Ltd. (TVAVF) operates Israel's primary stock exchange, providing listing and trading services for a range of securities and derivatives. Market cap: $4.19B, Sector: Financial services.
Price live · AI analysis from Mar 16, 2026Analyst Coverage for TVAVF: TVAVF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates TVAVF against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
TVAVF: 1/1 perspectives are bearish.
How is this calculated? →The Tel-Aviv Stock Exchange Ltd. (TVAVF) Financial Services Profile
The Tel-Aviv Stock Exchange Ltd. (TVAVF) is the operator of Israel's main stock exchange, offering listing and trading services for equities, bonds, ETFs, and derivatives. With a significant market capitalization and established presence, TVAVF facilitates capital formation and investment activities within the Israeli financial ecosystem, demonstrating a stable, albeit high P/E, financial profile.
What Is the Investment Thesis for TVAVF?
The Tel-Aviv Stock Exchange (TVAVF) presents a unique investment opportunity within the Israeli financial market. With a market capitalization of $4.19B, the company benefits from its position as the primary exchange in Israel. A profit margin of 32.1% indicates strong profitability. However, a high P/E ratio of 62.2 suggests that the stock may be overvalued relative to its earnings. Catalysts include potential regulatory changes favoring increased trading activity and the introduction of new financial products. The dividend yield of 1.02% provides a modest income stream. Key risks include competition from alternative trading platforms and potential economic slowdowns in Israel. The company's beta of 0.43 suggests lower volatility compared to the broader market.
Based on FMP financials and quantitative analysis
TVAVF Key Highlights
- Market Cap of $4.19B reflects substantial size and influence within the Israeli financial market.
- P/E Ratio of 62.2 indicates a premium valuation, suggesting high investor expectations.
- Profit Margin of 32.1% demonstrates strong operational efficiency and profitability.
- Gross Margin of 65.2% highlights the company's ability to generate revenue efficiently.
- Dividend Yield of 1.02% provides a modest income stream for investors.
Who Are TVAVF's Competitors?
TVAVF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| AEOJF AEON Financial Service Co., Ltd. | $8.57 | +0.00% | $1.85B | 56 |
| AOZOY Aozora Bank, Ltd. | $3.75 | +0.00% | $2.08B | 50 |
| FNLIF First National Financial Corporation | $34.22 | +0.00% | $2.05B | 45 |
| HBMBF HBM Healthcare Investments AG | $268.61 | +11.92% | $1.78B | 51 |
| KGTHY Krungthai Card Public Company Limited | $8.63 | -11.70% | $2.23B | 50 |
| ABXL Abacus Global Management, Inc. | $25.50 | +0.06% | 3B | 68 |
| WHFCL WhiteHorse Finance, Inc. 7.875% Notes due 2028 | $25.35 | +0.40% | $143.10M | 62 |
| ZBAI ATIF Holdings Ltd. | $8.95 | +0.00% | $7.39M | 61 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are TVAVF's Key Strengths?
- Dominant position in the Israeli market.
- Comprehensive range of products and services.
- Established regulatory framework.
- Strong brand recognition.
What Are TVAVF's Weaknesses?
- High P/E ratio may indicate overvaluation.
- Limited international presence.
- Dependence on the Israeli economy.
- Potential for increased competition from alternative trading platforms.
What Could Drive TVAVF Stock Higher?
- Potential regulatory changes in Israel that could increase trading activity.
- Introduction of new financial products and services by the exchange.
- Technological upgrades to improve trading efficiency and attract more participants.
- Efforts to attract more international listings to the exchange.
- Promotion of ESG investing and listing of ESG-focused funds.
What Are the Key Risks for TVAVF?
- Rich valuation — a P/E of 62.2 runs well above the Financial Services sector’s ~18x, leaving little room for a miss.
- Economic slowdown in Israel could reduce trading volumes.
- Increased competition from alternative trading platforms.
- Cybersecurity risks and potential data breaches.
- Changes in regulatory policies that could negatively impact the exchange.
- Dependence on the Israeli economy.
What Are the Growth Opportunities for TVAVF?
- Expansion of Derivative Products: The Tel-Aviv Stock Exchange can expand its offerings of derivative products, such as options and futures, to attract more sophisticated traders and increase trading volumes. This includes introducing new contracts based on specific sectors or indices relevant to the Israeli market. The global derivatives market is substantial, offering significant potential for growth, with estimates reaching trillions of dollars in notional value. Timeline: 1-2 years.
- Attracting International Listings: The exchange can actively pursue listings from international companies, particularly those in high-growth sectors like technology and renewable energy. By offering a gateway to the Israeli market, TASE can diversify its listed companies and attract foreign investment. This strategy aligns with the increasing globalization of capital markets. Timeline: Ongoing.
- Technological Upgrades: Investing in advanced trading technologies and infrastructure can improve efficiency, reduce transaction costs, and attract more participants to the exchange. This includes implementing faster trading engines, enhanced data analytics, and improved cybersecurity measures. The ongoing digital transformation of financial markets necessitates continuous technological upgrades. Timeline: Ongoing.
- Promoting ESG Investments: The Tel-Aviv Stock Exchange can promote environmental, social, and governance (ESG) investing by listing ESG-focused funds and encouraging companies to adopt sustainable business practices. This aligns with the growing global interest in responsible investing and can attract a new generation of investors. Timeline: 1-3 years.
- Developing New Indices: Creating new indices that track specific sectors or investment themes can provide investors with more targeted investment opportunities and attract new funds to the exchange. This includes developing indices focused on technology, healthcare, or sustainable energy. Thematic investing is gaining popularity, offering a way to capitalize on emerging trends. Timeline: 1 year.
What Opportunities Does TVAVF Have?
- Expansion into new markets and asset classes.
- Increased adoption of technology and digital platforms.
- Growing interest in ESG investing.
- Attracting more international listings.
What Threats Does TVAVF Face?
- Economic slowdown in Israel.
- Increased regulatory scrutiny.
- Cybersecurity risks.
- Competition from global exchanges.
What Are TVAVF's Competitive Advantages?
- Established position as the primary stock exchange in Israel.
- Strong regulatory relationships and compliance infrastructure.
- Network effect: more listings attract more traders and vice versa.
- High barriers to entry for new stock exchanges.
What Does TVAVF Do?
The Tel-Aviv Stock Exchange Ltd. (TASE) was established in 1935 and has since become the primary stock exchange in Israel. It provides a platform for listing and trading a wide array of securities, including shares, corporate bonds, government bonds, treasury bills, exchange-traded funds (ETFs), and convertible securities. Additionally, TASE facilitates trading in derivative instruments such as single stock options, index options, and futures. The exchange also offers clearing and settlement services for securities transactions, ensuring efficient and secure market operations. Beyond its core trading activities, TASE provides securities registration services and supports dual-listed shares, enhancing its appeal to international companies seeking access to the Israeli market. The company's headquarters are located in Tel Aviv-Yafo, Israel, reflecting its central role in the country's financial landscape. TASE operates a sophisticated trading platform that enables the buying and selling of various financial instruments, catering to both domestic and international investors.
What Products and Services Does TVAVF Offer?
- Operates a stock exchange in Israel.
- Provides markets for listing and trading securities.
- Offers trading in shares, bonds, ETFs, and derivatives.
- Engages in clearing and settlement of securities transactions.
- Issues options and futures contracts.
- Holds securities for others.
- Provides securities registration services.
- Supports dual-listed shares.
How Does TVAVF Make Money?
- Generates revenue from listing fees paid by companies.
- Earns trading fees from securities transactions.
- Provides clearing and settlement services for a fee.
- Offers data and information services to market participants.
What Industry Does TVAVF Operate In?
The Tel-Aviv Stock Exchange operates within the investment and banking services industry, serving as a central hub for capital markets in Israel. The industry is influenced by global economic trends, regulatory changes, and technological advancements. Competition comes from other exchanges and alternative trading platforms. The Israeli financial market is characterized by a mix of local and international investors, with increasing interest in technology and innovation sectors. The exchange's performance is closely tied to the overall health and growth of the Israeli economy.
Who Are TVAVF's Key Customers?
- Listed companies seeking to raise capital.
- Institutional investors, such as pension funds and mutual funds.
- Retail investors trading securities.
- Market makers and brokers facilitating trading.
ROE 37%Key Financial Metrics
Return on equity for The Tel-Aviv Stock Exchange Ltd. stands at 37.4%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 13.8%, showing how much profit it generates from its asset base. TVAVF trades at a trailing price-to-earnings ratio of 62.22, above the Financial Services sector average of ~18x. Its free cash flow yield is 2.3%, a gauge of the cash the business throws off relative to its market value. A current ratio of 6.63 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 1.9%, the inverse of the P/E and a quick read on earnings relative to price.
The Tel-Aviv Stock Exchange Ltd. (TVAVF) Valuation Context
Valued at $4.19B, TVAVF is classified as a mid-cap stock.
Company Profile
The Tel-Aviv Stock Exchange Ltd. operates in the Financial - Data & Stock Exchanges industry within the Financial Services sector. It is headquartered in Tel Aviv, IL. The company is led by CEO Ittai Ben-Zeev. TVAVF has traded publicly since 2019.
F-Score 8/9Financial Health
The Tel-Aviv Stock Exchange Ltd.'s Piotroski F-Score is 8/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 8.81 places it in the safe zone, indicating low near-term bankruptcy risk.
FY2026 estForward Outlook
Wall Street analysts project The Tel-Aviv Stock Exchange Ltd. revenue of about $587.3M for fiscal 2026, with EPS near $2.15.
TVAVF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the company's future performance, indicating that management believes in growth opportunities.
- Community sentiment has shifted positively, with discussions highlighting the potential for increased trading volume as market conditions improve.
- Analysts are optimistic about the Tel-Aviv Stock Exchange's role in facilitating international investments, positioning it as a key player in the region.
- The recent regulatory changes are expected to enhance market accessibility, attracting more investors and boosting overall activity.
Bear Case
- Concerns about geopolitical tensions in the region have dampened investor sentiment, creating uncertainty around market stability.
- Recent discussions in trading forums reveal skepticism regarding the exchange's ability to compete with larger global markets, raising doubts about its growth prospects.
- The overall economic environment has shown signs of slowing, which could impact trading volumes and profitability for the exchange.
- Insider selling activity, while not predominant, has raised red flags for some investors, suggesting potential lack of confidence from certain stakeholders.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · April 2026
TVAVF Latest News
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ICL Group Prices Private Offering of $800 Million Senior Notes Due 2036
Yahoo! Finance: TVAVF News · Jun 9, 2026
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Assessing Tel-Aviv Stock Exchange’s Valuation After A Strong Year-To-Date Share Price Run
Yahoo! Finance: TVAVF News · May 28, 2026
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Tel Aviv Stock Exchange Ltd (TVAVF) Q1 2026 Earnings Call Highlights: Record Revenue and ...
Yahoo! Finance: TVAVF News · May 20, 2026
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The Tel-Aviv Stock Exchange Ltd. (TVAVF) Q1 2026 Earnings Call Transcript
seekingalpha.com · May 12, 2026
TVAVF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for TVAVF.
Price Targets
Wall Street price target analysis for TVAVF.
TVAVF MoonshotScore
What does this score mean?
The MoonshotScore rates TVAVF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest News
ICL Group Prices Private Offering of $800 Million Senior Notes Due 2036
Assessing Tel-Aviv Stock Exchange’s Valuation After A Strong Year-To-Date Share Price Run
Tel Aviv Stock Exchange Ltd (TVAVF) Q1 2026 Earnings Call Highlights: Record Revenue and ...
The Tel-Aviv Stock Exchange Ltd. (TVAVF) Q1 2026 Earnings Call Transcript
Leadership: Ittai Ben-Zeev
CEO
Ittai Ben-Zeev serves as the CEO of The Tel-Aviv Stock Exchange Ltd. His professional background encompasses extensive experience in the financial services sector. Prior to his role at TASE, he held various leadership positions in investment banking and asset management firms. He brings a wealth of knowledge in capital markets, trading technologies, and regulatory compliance. His expertise is crucial for navigating the complexities of the modern exchange environment and driving strategic growth initiatives.
Track Record: Under Ittai Ben-Zeev's leadership, The Tel-Aviv Stock Exchange has focused on enhancing its technological infrastructure and expanding its product offerings. Key milestones include the introduction of new trading platforms and the development of innovative financial instruments. He has also overseen efforts to attract more international listings and promote ESG investing. His strategic decisions have contributed to the exchange's continued growth and competitiveness.
TVAVF OTC Market Information
The OTC Other tier represents the lowest tier of over-the-counter (OTC) markets. Companies in this tier often have limited or no financial disclosure requirements, making it difficult for investors to assess their financial health and operational performance. Unlike companies listed on major exchanges like the NYSE or NASDAQ, OTC Other companies do not need to meet minimum listing standards, such as asset size, revenue, or profitability. This lack of regulation and oversight increases the risk associated with investing in these companies. Investors should exercise extreme caution and conduct thorough due diligence before considering an investment in an OTC Other stock.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure increases the risk of investing in TVAVF.
- Lower liquidity can lead to price volatility and difficulty in executing trades.
- The OTC Other tier has less regulatory oversight, increasing the potential for fraud or mismanagement.
- Information asymmetry can disadvantage investors.
- Delays in trade execution.
- Verify the company's registration and legal standing.
- Review any available financial statements and disclosures.
- Assess the company's management team and their track record.
- Understand the company's business model and competitive landscape.
- Evaluate the liquidity and trading volume of the stock.
- Consult with a financial advisor.
- Check for any regulatory actions or legal issues.
- The company operates a legitimate stock exchange in Israel.
- It has a long history dating back to 1935.
- The company is subject to regulatory oversight in Israel.
- It has a significant market capitalization.
- The company employs 275 people.
What Investors Ask About The Tel-Aviv Stock Exchange Ltd. (TVAVF) — Financial Services
What does The Tel-Aviv Stock Exchange Ltd. do?
The Tel-Aviv Stock Exchange Ltd. (TASE) operates as the primary stock exchange in Israel, facilitating the listing and trading of a diverse range of securities and derivative instruments. These include shares, corporate and government bonds, treasury bills, ETFs, and convertible securities. TASE also provides clearing and settlement services, ensuring the integrity and efficiency of market transactions. In addition to its core trading activities, TASE offers securities registration services and supports dual-listed shares, enhancing its appeal to both domestic and international companies seeking access to the Israeli market. The exchange plays a critical role in the Israeli financial ecosystem, supporting capital formation and investment activities.
What do analysts say about TVAVF stock?
Analyst opinions on TVAVF are pending, reflecting the OTC market and limited coverage. Key valuation metrics to consider include the high P/E ratio of 62.2, suggesting a premium valuation, and the profit margin of 32.1%, indicating strong profitability. Growth considerations revolve around the company's ability to expand its product offerings, attract international listings, and capitalize on technological advancements. Investors should conduct their own due diligence and consider their risk tolerance before investing in TVAVF.
What are the main risks for TVAVF?
The main risks for The Tel-Aviv Stock Exchange Ltd. include potential economic slowdowns in Israel, which could reduce trading volumes and impact revenue. Increased competition from alternative trading platforms and global exchanges poses a threat to its market share. Cybersecurity risks and potential data breaches could disrupt operations and damage the company's reputation. Changes in regulatory policies could also negatively impact the exchange. As an OTC stock, limited financial disclosure and liquidity add to the investment risks.
What are the key factors to evaluate for TVAVF?
Evaluate TVAVF on fundamentals, analyst consensus, and risk factors. P/E: 62.2x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does TVAVF data refresh on this page?
TVAVF prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven TVAVF's recent stock price performance?
The Tel-Aviv Stock Exchange Ltd. (TVAVF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Dominant position in the Israeli market. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider TVAVF overvalued or undervalued right now?
The Tel-Aviv Stock Exchange Ltd. (TVAVF) trades at 62.2x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying TVAVF?
Before investing in The Tel-Aviv Stock Exchange Ltd. (TVAVF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis pending for TVAVF.