64 Tel Aviv Stock Exchange companies in Altman's distress band
An Altman Z-Score below 1.8, which is the band Altman called distress, computed from filed statements.
Stocks · Non-US shares · Tel Aviv Stock Exchange (TLV) · Ranked by Altman Z-Score in ratio, largest company first · Rebuilt 2026-11-07 at 09:25 UTC
How this list is built
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against total assets, from the newest filed statements. Where the filer raised going concern itself, that sentence is shown with its filing. The score classifies and does not rank: Altman published two cut-offs and no ordering below the lower one, so the list is ordered by size, largest company first. The screen: companies listed on Tel Aviv Stock Exchange, graded A or B for the quality of what they report; a median daily traded value of at least 250,000 US dollars over 90 sessions, stated in each listing's own currency, so a company nobody can trade is never on the list; and no positive price to earnings under 1, which no real company earns, and no close sitting the whole of its own 52-week high below that high, which no listing that still trades can do. 151 companies passed tonight. Each market is ranked on its own and never added to another. Figures as recomputed on 2026-11-07.
The list
50 of 64 companies| # | Company | Market | Sector | Altman Z-Score, in ratioAltman Z | Current ratio, in ratioCurrent ratio | Tangible equity ratio, in ratioTangible equity ratio | Operating margin, in percentOperating margin | Altman Z-Score over timeAltman Z over time | Source |
|---|---|---|---|---|---|---|---|---|---|
| 1 | TLV:AZRGAzrieli Group Ltd | TLV | Real Estate | 1.38 | 2.02 | 0.38 | 51.8% | n/a | Source n/a |
| 2 | TLV:BEZQBezeq The Israel Telecommunication Corp. Ltd | TLV | Communication Services | 1.78 | 1.14 | 0.10 | 26.2% | n/a | Source n/a |
| 3 | TLV:MLSRMelisron Ltd. | TLV | Real Estate | 1.15 | 0.77 | 0.36 | 64.7% | n/a | Source n/a |
| 4 | TLV:BIGBIG Shopping Centers Ltd | TLV | Real Estate | 0.81 | 0.87 | 0.30 | 58.1% | n/a | Source n/a |
| 5 | TLV:DLEKGDelek Group Ltd. | TLV | Energy | 0.82 | 1.23 | 0.16 | 33.8% | n/a | Source n/a |
| 6 | TLV:SPENShapir Engineering and Industry Ltd | TLV | Industrials | 1.36 | 1.09 | 0.15 | 8.5% | n/a | Source n/a |
| 7 | TLV:NVPTNavitas Petroleum, Limited Partnership | TLV | Energy | 1.79 | 1.57 | 0.32 | 45.5% | n/a | Source n/a |
| 8 | TLV:ELALEl Al Israel Airlines Ltd. | TLV | Industrials | 1.65 | 1.10 | 0.20 | 16.6% | n/a | Source n/a |
| 9 | TLV:FTALFattal Holdings (1998) Ltd | TLV | Consumer Cyclical | 0.61 | 0.50 | 0.14 | 15.1% | n/a | Source n/a |
| 10 | TLV:DORLDoral Group Renewable Energy Resources Ltd | TLV | Utilities | 1.52 | 1.99 | 0.28 | -19.0% | n/a | Source n/a |
| 11 | TLV:ENRGEnergix - Renewable Energies Ltd | TLV | Utilities | 0.64 | 0.67 | 0.20 | 24.6% | n/a | Source n/a |
| 12 | TLV:SKBNShikun & Binui Ltd. | TLV | Industrials | 0.99 | 1.13 | 0.19 | 8.7% | n/a | Source n/a |
| 13 | TLV:MVNEMivne Real Estate (K.D) Ltd | TLV | Real Estate | 0.99 | 1.06 | 0.42 | 54.9% | n/a | Source n/a |
| 14 | TLV:AMOTAmot Investment Ltd | TLV | Real Estate | 0.93 | 1.18 | 0.45 | 108.5% | n/a | Source n/a |
| 15 | TLV:GVYMGav-Yam Lands Corp. Ltd | TLV | Real Estate | 0.77 | 0.41 | 0.26 | 75.6% | n/a | Source n/a |
| 16 | TLV:ELTRElectra Limited | TLV | Industrials | 1.79 | 1.07 | 0.02 | 2.5% | n/a | Source n/a |
| 17 | TLV:AFPRAFI Properties Ltd | TLV | Real Estate | 0.71 | 0.58 | 0.32 | 55.6% | n/a | Source n/a |
| 18 | TLV:VRDSVeridis Environment Ltd | TLV | Industrials | 1.70 | 0.95 | 0.30 | 2.7% | n/a | Source n/a |
| 19 | TLV:ARPTAirport City Ltd. | TLV | Real Estate | 1.30 | 1.79 | 0.51 | 68.6% | n/a | Source n/a |
| 20 | TLV:ALHEAlony-Hetz Properties & Investments Ltd | TLV | Real Estate | 0.30 | 1.18 | 0.12 | 51.3% | n/a | Source n/a |
| 21 | TLV:ILCOIsrael Corporation Ltd | TLV | Basic Materials | 1.23 | 1.47 | 0.15 | 7.5% | n/a | Source n/a |
| 22 | TLV:ASHGAshtrom Group Ltd. | TLV | Real Estate | 0.69 | 0.97 | 0.24 | 11.2% | n/a | Source n/a |
| 23 | TLV:NOFRO.Y. Nofar Energy Ltd | TLV | Utilities | 0.69 | 1.31 | 0.28 | -23.8% | n/a | Source n/a |
| 24 | TLV:AURAAura Investments Ltd. | TLV | Real Estate | 1.02 | 0.97 | 0.20 | 20.4% | n/a | Source n/a |
| 25 | TLV:FOXFox-Wizel Ltd. | TLV | Consumer Cyclical | 1.50 | 1.34 | 0.12 | 8.9% | n/a | Source n/a |
| 26 | TLV:RIT1Reit 1 Ltd | TLV | Real Estate | 0.90 | 0.31 | 0.46 | 85.8% | n/a | Source n/a |
| 27 | TLV:ISCNIsrael Canada (T.R) Ltd | TLV | Real Estate | 0.18 | 0.14 | 0.20 | 6.3% | n/a | Source n/a |
| 28 | TLV:SBENShikun & Binui Energy Ltd | TLV | Utilities | 0.69 | 1.56 | 0.31 | 21.2% | n/a | Source n/a |
| 29 | TLV:ISRSIsras Investment Company Ltd | TLV | Real Estate | 1.20 | 1.58 | 0.45 | 76.5% | n/a | Source n/a |
| 30 | TLV:AMPAAmpa Ltd | TLV | Industrials | 1.08 | 1.52 | 0.36 | 46.4% | n/a | Source n/a |
| 31 | TLV:BLSRBlue Square Real Estate Ltd | TLV | Real Estate | 0.89 | 1.43 | 0.34 | 57.9% | n/a | Source n/a |
| 32 | TLV:AZRMAzorim Investment Dev & Const Co. Ltd. | TLV | Consumer Cyclical | 0.85 | 1.05 | 0.28 | 18.8% | n/a | Source n/a |
| 33 | TLV:EQTLEquital Ltd. | TLV | Energy | 0.86 | 2.15 | 0.24 | 43.4% | n/a | Source n/a |
| 34 | TLV:ELCOElco Ltd. | TLV | Industrials | 1.07 | 0.90 | -0.10 | 2.9% | n/a | Source n/a |
| 35 | TLV:SMTSummit Real Estate Holdings Ltd | TLV | Real Estate | 1.16 | 1.41 | 0.46 | 45.4% | n/a | Source n/a |
| 36 | TLV:CRSMCarasso Motors Ltd. | TLV | Consumer Cyclical | 0.97 | 0.79 | 0.17 | 7.7% | n/a | Source n/a |
| 37 | TLV:AFREAfrica Israel Residences Ltd | TLV | Real Estate | 1.37 | 1.37 | 0.40 | 15.7% | n/a | Source n/a |
| 38 | TLV:ACROKvutzat Acro Ltd | TLV | Real Estate | 0.54 | 0.93 | 0.27 | 18.8% | n/a | Source n/a |
| 39 | TLV:TMRPTamar Petroleum Ltd | TLV | Energy | 1.64 | 0.88 | 0.37 | 61.7% | n/a | Source n/a |
| 40 | TLV:ARGOARGO Properties N.V. | TLV | Real Estate | 1.08 | 1.09 | 0.50 | 35.5% | n/a | Source n/a |
| 41 | TLV:PRSKPrashkovsky Investments and Construction Ltd. | TLV | Real Estate | 0.86 | 0.97 | 0.32 | 15.1% | n/a | Source n/a |
| 42 | TLV:ISHOIsras Holdings Ltd | TLV | Real Estate | 0.86 | 2.20 | 0.31 | 76.1% | n/a | Source n/a |
| 43 | TLV:MDTRMediterranean Towers Ltd. | TLV | Real Estate | 0.15 | 0.14 | 0.24 | 7.6% | n/a | Source n/a |
| 44 | TLV:SLARLSella Capital Real Estate Ltd. | TLV | Real Estate | 0.70 | 0.35 | 0.45 | 61.0% | n/a | Source n/a |
| 45 | TLV:LUZNAmos Luzon Development and Energy Group Ltd | TLV | Industrials | 0.85 | 1.73 | 0.08 | 10.4% | n/a | Source n/a |
| 46 | TLV:PTBLProperty & Building Corp. Ltd. | TLV | Real Estate | 0.21 | 0.45 | -0.01 | 75.9% | n/a | Source n/a |
| 47 | TLV:GCTG City Ltd | TLV | Real Estate | 0.41 | 1.55 | 0.10 | 53.7% | n/a | Source n/a |
| 48 | TLV:ARINAri Real Estate (Arena) Investment Ltd | TLV | Real Estate | 0.27 | 0.56 | 0.38 | 57.0% | n/a | Source n/a |
| 49 | TLV:DLEADelek Automotive Systems Ltd. | TLV | Consumer Cyclical | 0.73 | 0.73 | 0.01 | 4.9% | n/a | Source n/a |
| 50 | TLV:ILDCLand Development of Nimrodi Group Ltd | TLV | Real Estate | 0.42 | 0.74 | 0.17 | 40.0% | n/a | Source n/a |
This is the top of the list. The rest is a page away and no plan is needed for it.
Filed figures cite the filing they come from; figures marked Market data are quotes as of the date shown. Not a recommendation and not advice.
Past figures are not a forecast. Anything we modelled is labelled as ours. You can lose money on any security.