Altshuler Shaham Financial LTD (ALTF) - Net Assets

Latest as of March 2026: ILA631.52 Million ILA ≈ $1.69 Million USD

Based on the latest financial reports, Altshuler Shaham Financial LTD (ALTF) has net assets worth ILA631.52 Million ILA (≈ $1.69 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA1.65 Billion ≈ $4.41 Million USD) and total liabilities (ILA1.01 Billion ≈ $2.72 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Altshuler Shaham Financial LTD (ALTF) tangible net worth to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	ILA631.52 Million
% of Total Assets	38.36%
Annual Growth Rate	20.9%
5-Year Change	12.3%
10-Year Change	N/A
Growth Volatility	29.89

Altshuler Shaham Financial LTD - Net Assets Trend (2017–2025)

This chart illustrates how Altshuler Shaham Financial LTD's net assets have evolved over time, based on quarterly financial data. See ALTF cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Altshuler Shaham Financial LTD (2017–2025)

The table below shows the annual net assets of Altshuler Shaham Financial LTD from 2017 to 2025. For live valuation and market cap data, see ALTF market cap.

Year	Net Assets	Change
2025-12-31	ILA619.34 Million ≈ $1.66 Million	+13.58%
2024-12-31	ILA545.31 Million ≈ $1.46 Million	+4.94%
2023-12-31	ILA519.64 Million ≈ $1.39 Million	+5.37%
2022-12-31	ILA493.13 Million ≈ $1.32 Million	-10.59%
2021-12-31	ILA551.52 Million ≈ $1.48 Million	+94.55%
2020-12-31	ILA283.48 Million ≈ $760.00K	+25.40%
2019-12-31	ILA226.06 Million ≈ $606.06K	+22.29%
2018-12-31	ILA184.85 Million ≈ $495.57K	+36.21%
2017-12-31	ILA135.71 Million ≈ $363.83K	--

Equity Component Analysis

This analysis shows how different components contribute to Altshuler Shaham Financial LTD's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 497.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	ILA319.93 Million	53.77%
Common Stock	ILA2.03 Million	0.34%
Other Comprehensive Income	ILA28.44 Million	4.78%
Other Components	ILA244.61 Million	41.11%
Total Equity	ILA595.00 Million	100.00%

Altshuler Shaham Financial LTD Competitors by Market Cap

The table below lists competitors of Altshuler Shaham Financial LTD ranked by their market capitalization.

Company	Market Cap
i3 Verticals Inc NASDAQ:IIIV	$387.48 Million
Citizens & Northern Corp NASDAQ:CZNC	$387.54 Million
Nanjing Res In of Surveying Mapping SHE:300826	$387.57 Million
Banyan Gold Corp V:BYN	$387.68 Million
China Resources Medical Holdings Company Limited F:1PH	$387.31 Million
Jiangsu Newamstar Packaging Machinery Co Ltd SHE:300509	$386.88 Million
Centuria Office REIT AU:COF	$386.73 Million
PT Temas Tbk JK:TMAS	$386.55 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Altshuler Shaham Financial LTD's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 549,030,000 to 595,004,000, a change of 45,974,000 (8.4%).
Net income of 127,781,000 contributed positively to equity growth.
Dividend payments of 85,000,000 reduced retained earnings.
Other comprehensive income increased equity by 158,001.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	ILA127.78 Million	+21.48%
Dividends Paid	ILA85.00 Million	-14.29%
Other Comprehensive Income	ILA158.00K	+0.03%
Other Changes	ILA3.03 Million	+0.51%
Total Change	ILA-	8.37%

Book Value vs Market Value Analysis

This analysis compares Altshuler Shaham Financial LTD's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 244.15x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 1013.31x to 244.15x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	ILA0.72	ILA727.60	x
2018-12-31	ILA0.96	ILA727.60	x
2019-12-31	ILA1.17	ILA727.60	x
2020-12-31	ILA1.44	ILA727.60	x
2021-12-31	ILA2.80	ILA727.60	x
2022-12-31	ILA2.48	ILA727.60	x
2023-12-31	ILA2.60	ILA727.60	x
2024-12-31	ILA2.79	ILA727.60	x
2025-12-31	ILA2.98	ILA727.60	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Altshuler Shaham Financial LTD utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 21.48%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 13.67%
• Asset Turnover: 0.60x
• Equity Multiplier: 2.61x
Recent ROE (21.48%) is below the historical average (31.97%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2017	18.10%	6.49%	1.03x	2.71x	ILA11.00 Million
2018	22.01%	7.69%	1.15x	2.49x	ILA22.19 Million
2019	40.24%	13.24%	1.16x	2.63x	ILA68.36 Million
2020	48.77%	15.41%	1.24x	2.55x	ILA109.91 Million
2021	46.83%	18.14%	0.88x	2.94x	ILA203.11 Million
2022	43.19%	16.58%	0.97x	2.69x	ILA163.78 Million
2023	26.51%	13.93%	0.83x	2.29x	ILA85.90 Million
2024	20.59%	12.31%	0.76x	2.20x	ILA58.16 Million
2025	21.48%	13.67%	0.60x	2.61x	ILA68.28 Million

Industry Comparison

This section compares Altshuler Shaham Financial LTD's net assets metrics with peer companies in the Asset Management industry.

Industry Context

Industry: Asset Management
Average net assets among peers: $421,788,667
Average return on equity (ROE) among peers: 1.28%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Altshuler Shaham Financial LTD (ALTF)	ILA631.52 Million	18.10%	1.61x	$387.34 Million
Aluma Infrastructure Fund 2020 Ltd (ALUMA)	$398.68 Million	16.29%	0.28x	$68.90 Million
Analyst IMS Investment Management Services Ltd (ANLT)	$123.52 Million	19.67%	0.34x	$536.42 Million
Capital Point (CPTP)	$33.88 Million	0.00%	1.08x	$17.08 Million
Eldav-L (ELDAV)	$135.18 Million	12.82%	0.01x	$30.70 Million
Elron Electronic Industries Ltd (ELRN)	$453.31 Million	9.56%	0.17x	$60.39 Million
Emilia Devel (EMDV)	$147.76 Million	2.62%	0.45x	$153.21 Million
Gibui Holdings Ltd (GIBUI)	$64.90 Million	-53.59%	0.34x	$2.25 Million
Generation Capital Ltd (GNRS)	$2.20 Billion	4.10%	0.93x	$1.23 Billion
IBI Inv House (IBI)	$240.48 Million	0.00%	1.14x	$1.93 Billion

About Altshuler Shaham Financial LTD

TA:ALTF Israel Asset Management

Market Cap

$387.34 Million

ILA144.48 Billion ILA

Market Cap Rank

#13726 Global

#156 in Israel

Share Price

ILA727.60

Change (1 day)

+2.38%

52-Week Range

ILA546.90 - ILA987.00

All Time High

ILA1698.52