Defense company Elbit Systems becomes the largest Israeli firm by market value, surpassing Teva Pharmaceuticals Industries and the country’s two biggest lenders, Bank Hapoalim and Bank Leumi.
Elbit shares jump almost 5%, taking its market value at the end of trading on March 4 to NIS 123 billion ($40 billion), according to Tel Aviv bourse data. Teva is ranked second with a market value of NIS 118 billion, followed by Bank Leumi at NIS 115 billion and Bank Hapoalim at NIS 105 billion.
Since the start of the year, Elbit shares soared 45%, buoyed by growing sales to Israel’s military and contracts with international customers.
Among all companies listed on the Tel Aviv Stock Exchange, Elbit is the second most valuable company after US cybersecurity giant Palo Alto Networks, with a market capitalization of NIS 396 billion.
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From the Liveblog of
Thursday, March 5, 2026
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