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ELBIT SYSTEMS LTD ESLT

Nasdaq · stock · Aircraft Parts & Auxiliary Equipment, NEC · website · IPO 2010-06-01 · LEI

ELBIT SYSTEMS LTD statistics & valuation

Market cap$103.4B
P / E193.4×
P / S13.0×
P / B25.0×
P / FCF187.0×
Dividend yield0.11%
Net margin6.7%
Return on equity12.9%
FCF margin7.0%
Net cash$617.1M
Net debt / EBITDA-0.7×
Enterprise value USD$102.7B
Earnings yield EBIT/EV0.7%
Return on capital10%
Graham number -80.7%$150.20

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($150.20); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
7.30% 7.10% 5.60% 5.10% 5.10% 5.20% 5.00% 3.60% 4.70% 6.70% 2016201720182019202020212022202320242025
Gross margin (%)
29.60% 29.70% 26.50% 25.20% 25.00% 25.70% 24.90% 24.80% 24.00% 24.40% 2016201720182019202020212022202320242025
Operating margin (%)
9.30% 9.60% 7.90% 7.10% 7.00% 7.90% 6.70% 6.20% 7.20% 8.50% 2016201720182019202020212022202320242025
Return on equity (%)
15.10% 13.90% 11.10% 10.50% 10.70% 10.80% 10.00% 7.30% 9.80% 12.90% 2016201720182019202020212022202320242025
Shares outstanding
42.8M 42.8M 42.8M 44.2M 44.2M 44.3M 44.6M 44.6M 44.7M 46.9M 2016201720182019202020212022202320242025
Net debt ($)
-$56.9M -$36.5M $262.0M $357.0M $148.0M $104.0M $64.6M -$156.2M -$238.0M -$617.1M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
5.40% 5.10% 3.20% 3.10% 2.90% 2.90% 3.00% 2.20% 2.90% 4.20% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2.60% -0.20% 2.40% -4.20% 3.10% 4.30% 0.60% -1.20% 4.70% 7.00% 2016201720182019202020212022202320242025
Debt / equity (×)
0.11× 0.07× 0.25× 0.27× 0.19× 0.14× 0.10× 0.01× 0.01× 0.00× 2016201720182019202020212022202320242025
EPS ($)
$5.54 $5.59 $4.83 $5.20 $5.38 $6.20 $6.18 $4.82 $7.18 $11.39 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ELBIT SYSTEMS LTD trades at about 68.4× earnings — above its 10-year norm (10-year range 19.9×–61.7×, median 27.4×).

19.9× 68.4×

Shaded band = 10-year range (19.9×–61.7×); dot = today's 68.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin24.4%24.0%24.8%24.9%25.7%25.0%25.2%26.5%29.7%29.6%
Operating margin8.5%7.2%6.2%6.7%7.9%7.0%7.1%7.9%9.6%9.3%
Net margin6.7%4.7%3.6%5.0%5.2%5.1%5.1%5.6%7.1%7.3%
FCF margin7.0%4.7%-1.2%0.6%4.3%3.1%-4.2%2.4%-0.2%2.6%
Return on assets4.2%2.9%2.2%3.0%2.9%2.9%3.1%3.2%5.1%5.4%
Return on equity12.9%9.8%7.3%10.0%10.8%10.7%10.5%11.1%13.9%15.1%
Debt / equity0.00×0.01×0.01×0.10×0.14×0.19×0.27×0.25×0.07×0.11×
Current ratio1.291.201.141.181.241.181.161.131.251.26

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.