Framework Journal · one stock, one dated entry

Recorded 2026-07-19 · Permanent

Formula Systems (1985) Ltd. logoFormula Systems (1985) Ltd. FORTY

Clears the common standard

An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.

In plain words · Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions and information technologies (IT) professional services in Israel, the United States, Europe, Africa, Jap…

The label
Distribution

read at $108.00

Formula Systems (1985) Ltd. holds its Distribution at $108.00.

PHINPOOPSC
  • PHPhase · the trend structure carries the Distribution label
  • INInsiders · no filings inside 60 days, left as found
  • POPositioning · no disclosures inside 60 days, left as found
  • OPOptions · no verdict drawn today, left as found
  • SCScreen · passes the values gate
  • edge confirmed
  • edge broken
  • edge forming

Each arm is one independent read. Conviction is not a single call, it is how many edges converge.

The investor read · the season, not the day

As held on the ledger · 2026-07-19
PhaseDistribution · caution
Quantitative stateConsolidating, no directional conviction, held for 4 days
Price$108.00
Valuation28.42 trailing · N/A forward price to earnings
Values screenPASS · score 70.0
Beta0.18

The business, in plain words · what the numbers mean

The fundamentals · plain-English read
Trailing P/E28.4x
a premium valuation
Revenue growth19.2%
steady growth
Profit margin22.7%
healthy profit margins
Return on equity8.7%
a modest return on shareholder capital
Debt to equity0.37
minimal debt — a conservative balance sheet
Current ratio1.68
healthy short-term liquidity
Beta0.18
barely tracks the market's swings
Market cap$1.7B
Employees19,337

The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market; its business and earnings are exposed to Israel and to currency swings.

Plain-English interpretation of our own screen data. Analysis, not advice.

Related securities · others in FORTY's space worth a look

Screened names in the same industry · explore each on its own page.

Where & how to trade · wherever in the world you are

FORTY trades on Nasdaq (the company is based in Israel). As a US-listed security it is accessible through almost any international broker offering US markets. New to this, or investing from outside the US? Our guide to accessing global markets covers brokers, currencies and the practical steps.

The trader read · the latest dated commentary

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 8.1% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is momentum reading oversold. Over the past year the shares are up 20%. Our forward projection puts the odds of a 10% gain over the next month near 32%. Entered 2026-07-30 · Distribution

The dated journal · newest first, never edited

2026-07-30 Distribution $108.00 -8.1% Entry 4

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 8.1% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is momentum reading oversold. Over the past year the shares are up 20%. Our forward projection puts the odds of a 10% gain over the next month near 32%.

2026-07-18 Distribution $117.50 +0.0% Entry 3

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is momentum reading oversold. Over the past year the shares are up 20%. Our forward projection puts the odds of a 10% gain over the next month near 32%.

2026-07-03 Distribution $117.50 +0.0% Entry 2

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.

2026-07-02 Distribution $117.50 Entry 1

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.

Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.

What holding actually paid · price plus dividends

If $1,000 had been placed · historical, not a promise
PeriodPrice thenPrice returnDivs per share$1,000 becameTotal return
1 month $134.09 -12.3% $13.05 $974 -2.6%
2 months $110.36 +6.5% $13.05 $1,183 +18.3%
3 months $114.62 +2.5% $13.05 $1,139 +13.9%
6 months $158.44 -25.8% $13.55 $827 -17.3%
1 year $97.81 +20.2% $13.99 $1,345 +34.5%
2 years $62.70 +87.5% $15.56 $2,123 +112.3%
3 years $63.14 +86.2% $16.20 $2,118 +111.8%
5 years $73.61 +59.7% $19.02 $1,855 +85.5%

Historical returns from market close data. Past performance does not guarantee future results.

This entry now belongs to the ledger. Whatever FORTY does next, these words stay.

Formula Systems (1985) Ltd. · FORTY · Distribution · $108.00
Recorded 2026-07-19 · before the outcome · scored mechanically

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