The Phoenix Holdings Ltd. (PHOE) - Net Assets

Latest as of September 2025: ILA12.36 Billion ILA ≈ $33.13 Million USD

Based on the latest financial reports, The Phoenix Holdings Ltd. (PHOE) has net assets worth ILA12.36 Billion ILA (≈ $33.13 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA190.10 Billion ≈ $509.65 Million USD) and total liabilities (ILA177.74 Billion ≈ $476.52 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 PHOE financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	ILA12.36 Billion
% of Total Assets	6.5%
Annual Growth Rate	10.62%
5-Year Change	51.6%
10-Year Change	186.68%
Growth Volatility	12.52

The Phoenix Holdings Ltd. - Net Assets Trend (2006–2024)

This chart illustrates how The Phoenix Holdings Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore The Phoenix Holdings Ltd. total assets for the complete picture of this company's asset base.

Annual Net Assets for The Phoenix Holdings Ltd. (2006–2024)

The table below shows the annual net assets of The Phoenix Holdings Ltd. from 2006 to 2024. For live valuation and market cap data, see PHOE company net worth.

Year	Net Assets	Change
2024-12-31	ILA12.25 Billion ≈ $32.85 Million	+12.46%
2023-12-31	ILA10.90 Billion ≈ $29.21 Million	+3.43%
2022-12-31	ILA10.53 Billion ≈ $28.24 Million	+6.15%
2021-12-31	ILA9.92 Billion ≈ $26.60 Million	+22.78%
2020-12-31	ILA8.08 Billion ≈ $21.67 Million	+24.50%
2019-12-31	ILA6.49 Billion ≈ $17.40 Million	+1.01%
2018-12-31	ILA6.43 Billion ≈ $17.23 Million	+11.86%
2017-12-31	ILA5.74 Billion ≈ $15.40 Million	+18.73%
2016-12-31	ILA4.84 Billion ≈ $12.97 Million	+13.22%
2015-12-31	ILA4.27 Billion ≈ $11.46 Million	+8.77%
2014-12-31	ILA3.93 Billion ≈ $10.53 Million	+7.52%
2013-12-31	ILA3.65 Billion ≈ $9.80 Million	+20.77%
2012-12-31	ILA3.03 Billion ≈ $8.11 Million	+15.28%
2011-12-31	ILA2.62 Billion ≈ $7.04 Million	-2.74%
2010-12-31	ILA2.70 Billion ≈ $7.24 Million	+18.15%
2009-12-31	ILA2.28 Billion ≈ $6.12 Million	+32.93%
2008-12-31	ILA1.72 Billion ≈ $4.61 Million	-26.04%
2007-12-31	ILA2.32 Billion ≈ $6.23 Million	+16.59%
2006-12-31	ILA1.99 Billion ≈ $5.34 Million	--

Equity Component Analysis

This analysis shows how different components contribute to The Phoenix Holdings 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 978599900000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	ILA9.79 Billion	82.17%
Common Stock	ILA315.76 Million	2.65%
Other Comprehensive Income	ILA1.28 Billion	10.79%
Other Components	ILA522.97 Million	4.39%
Total Equity	ILA11.91 Billion	100.00%

The Phoenix Holdings Ltd. Competitors by Market Cap

The table below lists competitors of The Phoenix Holdings Ltd. ranked by their market capitalization.

Company	Market Cap
Axa Equitable Holdings Inc NYSE:EQH	$12.08 Billion
CP ALL Public Company Limited BK:CPALL	$12.09 Billion
Check Point Software Technologies Ltd NASDAQ:CHKP	$12.09 Billion
Hecla Mining Company NYSE:HL	$12.11 Billion
China Pacific Insurance (Group) Co. Ltd F:75C	$12.07 Billion
BUREAU VERITAS ADR EO-12 F:4BV0	$12.07 Billion
Tongling Nonferrous Metals Group Co Ltd SHE:000630	$12.07 Billion
Bureau Veritas SA PA:BVI	$12.07 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in The Phoenix Holdings Ltd.'s equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 10,580,295,000 to 11,909,444,000, a change of 1,329,149,000 (12.6%).
Net income of 1,817,826,000 contributed positively to equity growth.
Dividend payments of 535,000,000 reduced retained earnings.
Share repurchases of 183,019,000 reduced equity.
Other comprehensive income increased equity by 1,284,710,000.
Other factors decreased equity by 1,055,368,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	ILA1.82 Billion	+15.26%
Dividends Paid	ILA535.00 Million	-4.49%
Share Repurchases	ILA183.02 Million	-1.54%
Other Comprehensive Income	ILA1.28 Billion	+10.79%
Other Changes	ILA-1.06 Billion	-8.86%
Total Change	ILA-	12.56%

Book Value vs Market Value Analysis

This analysis compares The Phoenix Holdings 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: 378.61x
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 increased from 43.99x to 378.61x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-12-31	ILA403.04	ILA17730.00	x
2007-12-31	ILA11.47	ILA17730.00	x
2008-12-31	ILA8.05	ILA17730.00	x
2009-12-31	ILA10.38	ILA17730.00	x
2010-12-31	ILA10.70	ILA17730.00	x
2011-12-31	ILA11.66	ILA17730.00	x
2012-12-31	ILA12.07	ILA17730.00	x
2013-12-31	ILA14.52	ILA17730.00	x
2014-12-31	ILA15.47	ILA17730.00	x
2015-12-31	ILA16.92	ILA17730.00	x
2016-12-31	ILA19.52	ILA17730.00	x
2017-12-31	ILA23.17	ILA17730.00	x
2018-12-31	ILA24.96	ILA17730.00	x
2019-12-31	ILA24.92	ILA17730.00	x
2020-12-31	ILA31.14	ILA17730.00	x
2021-12-31	ILA37.56	ILA17730.00	x
2022-12-31	ILA39.65	ILA17730.00	x
2023-12-31	ILA41.39	ILA17730.00	x
2024-12-31	ILA46.83	ILA17730.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently The Phoenix Holdings 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): 15.26%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 6.03%
• Asset Turnover: 0.17x
• Equity Multiplier: 14.49x
Recent ROE (15.26%) is above the historical average (10.46%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	19.21%	62.54%	0.02x	14.63x	ILA183.09 Million
2007	18.17%	6.16%	0.20x	14.46x	ILA187.65 Million
2008	-22.86%	-35.43%	0.04x	17.91x	ILA-557.35 Million
2009	10.21%	2.13%	0.19x	24.93x	ILA4.74 Million
2010	11.78%	3.12%	0.16x	23.76x	ILA46.75 Million
2011	3.72%	1.34%	0.11x	25.24x	ILA-160.31 Million
2012	8.46%	2.25%	0.15x	25.45x	ILA-45.57 Million
2013	20.77%	5.69%	0.14x	25.67x	ILA383.28 Million
2014	13.33%	4.43%	0.11x	26.63x	ILA126.74 Million
2015	6.35%	2.23%	0.12x	23.61x	ILA-152.01 Million
2016	12.64%	4.62%	0.13x	21.38x	ILA126.96 Million
2017	12.43%	4.48%	0.14x	19.68x	ILA138.97 Million
2018	10.32%	5.44%	0.13x	14.44x	ILA20.29 Million
2019	4.25%	1.25%	0.20x	17.24x	ILA-366.96 Million
2020	14.67%	6.84%	0.14x	14.95x	ILA372.03 Million
2021	20.35%	6.86%	0.20x	14.87x	ILA999.36 Million
2022	12.39%	14.81%	0.06x	14.54x	ILA242.65 Million
2023	7.35%	3.22%	0.15x	15.10x	ILA-280.63 Million
2024	15.26%	6.03%	0.17x	14.49x	ILA626.88 Million

Industry Comparison

This section compares The Phoenix Holdings Ltd.'s net assets metrics with peer companies in the Insurance - Diversified industry.

Industry Context

Industry: Insurance - Diversified
Average net assets among peers: $607,083,667
Average return on equity (ROE) among peers: 18.71%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
The Phoenix Holdings Ltd. (PHOE)	ILA12.36 Billion	19.21%	14.38x	$12.08 Billion
Ayalon Holdings Ltd (AYAL)	$587.43 Million	10.61%	13.43x	$1.12 Billion
Harel Insurance Investments & Financial Services Ltd (HARL)	$790.00 Million	18.18%	17.73x	$10.09 Billion
IDI Insurance Company Ltd (IDIN)	$443.82 Million	27.32%	6.44x	$902.61 Million

About The Phoenix Holdings Ltd.

TA:PHOE Israel Insurance - Diversified

Market Cap

$12.08 Billion

ILA4.51 Trillion ILA

Market Cap Rank

#1928 Global

#6 in Israel

Share Price

ILA17730.00

Change (1 day)

-0.39%

52-Week Range

ILA7140.00 - ILA18600.00

All Time High

ILA18600.00