# Formula Systems (1985) Ltd. share price today (Formula Systems (1985) Ltd., FORTY)

> Formula Systems (1985) Ltd.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. FORTY · Technology · Information Technology Services · data as of 2 November 2026. Page: https://www.sectoralpha.in/us/stocks/forty

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Price: $119.21 (−14.9% in a year)
- P/E: 3.2×, against its own history
- Revenue (Jun 2026): $782 M
- Profit (Jun 2026): $51.6 M
- Operating margin: 9.2%
- ROE: 38%, FY25
- ROIC: 13.8%, against a 4.5% cost of capital: +9.3 points
- Profit that came in as cash: 104%, last 3 years

The main question: yearly earnings per share moved +655.0% while the share price moved −14.9%. ## What is the Formula Systems (1985) Ltd. share price today? Formula Systems (1985) Ltd.'s share price was $119.21 at the close on 2 November 2026. In the last 52 weeks it traded between $107 and $191, and at that close it sat 15% of the way up from that low. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 2 weeks in a row. Over the last 1 year the share price moved −7% while the S&P 500 moved +20%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Formula Systems (1985) Ltd. pay? Formula Systems (1985) Ltd. paid $2.68 per share over the last four reported quarters. The most recent declaration was $1.63 for Jun 2026. At today's price of $119.21 that is a yield of 2.25%, based on dividends already paid, not a forecast. ## Which stock lists is Formula Systems (1985) Ltd. on? Formula Systems (1985) Ltd. is on one of our US lists: US tech stocks. [US tech stocks](https://www.sectoralpha.in/us-tech-stocks)

## Is Formula Systems (1985) Ltd. profitable? Formula Systems (1985) Ltd. earned $51.6 M of net profit in the Jun 2026 quarter. Full-year FY25 profit was $680 M. Over 4 years profit has grown 47.9% a year on average. That is 6.6% of the quarter's revenue. The same quarter a year earlier earned $43.6 M. For the full year, FY25 profit was $680 M (+343.3% on the year before). ## How much revenue does Formula Systems (1985) Ltd. make, and is it growing? Formula Systems (1985) Ltd. reported $782 M of revenue in the Jun 2026 quarter. Over 4 years it has grown 2.2% a year on average. The last full year, FY25, came in at $2.6 B. The quarterly figures for FY23, FY25 do not add up to the full-year total on file, so those quarters are left out of the charts and sums. FY25 revenue was $2.6 B, +18.4% on the year before. ## How much of every $100 of sales does Formula Systems (1985) Ltd. keep? Formula Systems (1985) Ltd.'s operating margin was 9.2% in the Jun 2026 quarter. Across 5 years it has been between 7.5% and 9.0%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed +0.2 percentage points on the year while gross margin changed −3.3 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is Formula Systems (1985) Ltd.'s profit turning into cash? Over the last 3 years, 104% of Formula Systems (1985) Ltd.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $382 M of operating cash against $680 M of profit. After $16.2 M of spending on assets, $366 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Formula Systems (1985) Ltd.'s cash go? Formula Systems (1985) Ltd. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $49.3 M on assets over the last 3 years. Averaged over those years that is 0.6% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $49.3 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Formula Systems (1985) Ltd.'s P/E ratio, and how does it compare with its own history? Formula Systems (1985) Ltd.'s P/E is 3.2×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +655.0% while the price moved −14.9%. Earnings did better than the price, which pulled the multiple down within its own range. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the Formula Systems (1985) Ltd. business getting better or worse? Formula Systems (1985) Ltd.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 4 quarters of 1 measure, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Formula Systems (1985) Ltd. earn on its capital? Formula Systems (1985) Ltd. earned a ROE of 38% in FY25. That is up from a low of 10% in FY23. Its return on capital used (ROIC) is 9.3 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 25.9% net margin and 0.73× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 25.9% net margin × 0.73× asset turnover × 2.02× leverage (assets divided by equity) ≈ 38.2% on equity. The margin does most of the work; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 13.8% − 4.5% = +9.3 percentage points. The 4.5% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value. The 13.8% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 11.2%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Formula Systems (1985) Ltd. have too much debt? Formula Systems (1985) Ltd. has total debt of $671 M against shareholder equity of $1.7 B as of Jun 2026, so its debt is 0.40× its equity. Year by year, that ratio went from 0.60 in FY21 to 0.33 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Formula Systems (1985) Ltd. shareholding pattern? We have no ownership or short-position figures for Formula Systems (1985) Ltd., so this section says so rather than fill the gap. At normal trading volumes, closing those positions would take about 2.0 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. ## How far is Formula Systems (1985) Ltd. from balance-sheet trouble? For Formula Systems (1985) Ltd., the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Formula Systems (1985) Ltd. rank in its industry? There is no score against its industry: Formula Systems (1985) Ltd. is not among the largest members shown in this industry comparison for Information Technology Services. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is Formula Systems (1985) Ltd. compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to Formula Systems (1985) Ltd. in size? Formula Systems (1985) Ltd. is the 31st largest of 52 Information Technology Services companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: ChronoScale Holdings Corporation, Pony AI Inc. and Globant S.A. Just below it: Concentrix Corporation, Mega Fortune Company and Innodata Inc. ### Information Technology Services companies close in size

1. [ChronoScale Holdings Corporation](https://www.sectoralpha.in/us/stocks/chrn) $2 billion
2. [Pony AI Inc.](https://www.sectoralpha.in/us/stocks/pony) $2 billion
3. [Globant S.A.](https://www.sectoralpha.in/us/stocks/glob) $2 billion
4. Formula Systems (1985) Ltd. $1.8 billion
5. [Concentrix Corporation](https://www.sectoralpha.in/us/stocks/cnxc) $1.8 billion
6. [Mega Fortune Company Limited](https://www.sectoralpha.in/us/stocks/mgrt) $1.6 billion
7. [Innodata Inc.](https://www.sectoralpha.in/us/stocks/inod) $1.4 billion

[All 52 Information Technology Services companies, largest first](https://www.sectoralpha.in/us/sectors/information-technology-services#all-companies)

### Companies close in size in other industries

1. [ARMOUR Residential REIT, Inc.](https://www.sectoralpha.in/us/stocks/arr) $1.8 billion · REIT - Mortgage
2. [Precigen, Inc.](https://www.sectoralpha.in/us/stocks/pgen) $1.8 billion · Biotechnology
3. Formula Systems (1985) Ltd. $1.8 billion
4. [Brightstar Lottery PLC](https://www.sectoralpha.in/us/stocks/brsl) $1.8 billion · Gambling
5. [Infleqtion, Inc.](https://www.sectoralpha.in/us/stocks/infq) $1.8 billion · Software - Infrastructure

## What else do people ask about Formula Systems (1985) Ltd.? ### What were Formula Systems (1985) Ltd. Ltd.'s latest quarterly results? Formula Systems (1985) Ltd. reported revenue of $782 M and net profit of $51.6 M for the Jun 2026 quarter. Earnings per share were $1.47. The operating margin was 9.2% (as of 2 November 2026). ### What is Formula Systems (1985) Ltd. Ltd.'s market cap? Formula Systems (1985) Ltd.'s market capitalisation is $1.8 B at a stock price of $119.21. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 2 November 2026). ### How is Formula Systems (1985) Ltd. Ltd. performing? Formula Systems (1985) Ltd.'s latest readings are below. Over the past 13 weeks it has done better than the S&P 500, for 2 weeks running. This describes what the data did, not a rating (as of 2 November 2026). ### Will Formula Systems (1985) Ltd. Ltd.'s stock price go up? This page does not forecast Formula Systems (1985) Ltd.'s stock price. What it shows instead: the stock price is $119.21. Nobody can reliably say which way a price will move, and this site does not try (as of 2 November 2026). ### Where is Formula Systems (1985) Ltd. Ltd. in its business cycle? Formula Systems (1985) Ltd.'s FY25 operating margin was 7.5%, against a 5-year range of 7.5% to 9.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 9.2%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 2 November 2026). ### What could break the Formula Systems (1985) Ltd. Ltd. story? The main question: yearly earnings per share moved +655.0% while the share price moved −14.9%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 2 November 2026). ### Is Formula Systems (1985) Ltd. Ltd. a stock worth studying right now? What the numbers show: Formula Systems (1985) Ltd.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 2 November 2026). ## Lists

- US tech stocks: https://www.sectoralpha.in/us-tech-stocks

This is research, not advice. We’re not SEBI-registered.