Migdal Insurance & Financial, IL0010811656

Eliahu becomes acting CEO as Migdal Insurance and Financial stock trades 11.7 percent below value

Published on 10/16/2026 at 11:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter earnings per share reached ILS 0.54. Migdal Insurance and Financial stock trades at a 10.8 times P/E after earnings grew 39.5 percent.

Leadership and valuation context

Shlomo Eliahu became acting CEO on October 8, 2026.
Earnings grew 39.5 percent over the past year, while net profit margin reached 14.9 percent.
Migdal Insurance and Financial had a market capitalization of ILS 21.3 billion as of October 16, 2026.

Migdal Insurance & Financial, IL0010811656, Illustration mit AI erstellt.

Eliahu became acting CEO as Migdal Insurance and Financial stock trades 11.7 percent below an estimated cash flow value. Simply Wall St reported on October 15, 2026, that controlling shareholder Shlomo Eliahu had been appointed acting CEO on October 8, 2026. Its valuation model placed the shares 11.7 percent below an estimated cash flow value of ILS 21.93.

Leadership change raises governance questions

The appointment puts ownership and day to day management in the same hands. Yahoo Finance described the move on October 14, 2026, as a shift that raises questions about governance balance and succession planning.

The market picture is stronger over longer periods than over the latest month. Simply Wall St reported a 20.26 percent year to date share price return and a 6.07 percent decline over 30 days on October 15, 2026.

What does the valuation mean?

The valuation case rests on improving profitability rather than on leadership alone. Simply Wall St reported that earnings grew 39.5 percent over the past year, while net profit margin improved to 14.9 percent from 12.1 percent. The same analysis placed the price-to-earnings ratio at 10.8 times, below a 11.9 times direct peer average.

That comparison offers a measurable counterweight to the governance concern. The return on equity was 17.5 percent, below the 20.0 percent benchmark cited by Simply Wall St, so the valuation discount does not remove questions about capital efficiency.

Three dates show the changing picture

On August 17, 2026, Investing.com listed the latest release with earnings per share of ILS 0.54 and revenue of ILS 3.18 billion. On September 25, 2026, WireIsrael reported that Migdal sold ILS 125.00 million of Shufersal shares and reduced its holding below 5.00 percent. On October 8, 2026, Eliahu took the acting CEO role, the most recent event in this sequence.

Stock valuation and market scale

Migdal's market capitalization was ILS 21.3 billion as of October 16, 2026, and its 52-week range was ILA 1,036.00 to ILA 2,204.00. On the Tel Aviv Stock Exchange, the stock was last at ILA 2,007.00 on October 16, 2026 at 11:49 a.m. CEST. The range leaves the quote below the yearly high while the valuation metrics point to a more measured earnings multiple.