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    Bank Hapoalim B.M (TASE:POLI) Could Be 8% Undervalued After Earnings And Dividend

    Simply Wall St·08/24/2026 12:22:52
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    Bank Hapoalim B.M (TASE:POLI) shares are in focus after the bank released second quarter 2026 results and confirmed a new cash dividend with an upcoming record date and payment date.

    See our latest analysis for Bank Hapoalim B.M.

    The second quarter 2026 earnings update and confirmed cash dividend appear to be the key drivers behind Bank Hapoalim B.M’s recent trading. A 5.31% 1 month share price return and a 24.84% 1 year total shareholder return suggest that momentum has been building over time.

    If you are looking beyond Bank Hapoalim B.M to see what else is moving, now could be a moment to widen your search with 113 top founder-led companies

    Bulls will point to Bank Hapoalim B.M’s strong long term returns and fresh cash dividend, while bears highlight flatter recent earnings. The key question is whether the current numbers support a premium valuation or suggest the stock is already fairly priced.

    Most Popular Narrative: 7.6% Undervalued

    Compared with the last close at ₪76.71, the most followed narrative points to a fair value of ₪83.00 for Bank Hapoalim B.M, which implies modest undervaluation and puts its recent earnings guidance and capital returns into sharper focus.

    Robust investment in digital banking capabilities and cost discipline have driven a best-in-class cost-income ratio (33.8%) and positive operating leverage, suggesting operational efficiency gains will further enhance net margins over time.

    Read the complete narrative.

    Want to see what sits behind that efficiency story? The narrative leans on steady revenue growth assumptions, healthy profit margins and a richer earnings multiple. Curious which numbers really drive that ₪83.00 fair value.

    Result: Fair Value of ₪83.00 (UNDERVALUED)

    Have a read of the narrative in full and understand what's behind the forecasts.

    However, the story could change quickly if mortgage demand weakens further, or if geopolitical risks force Bank Hapoalim B.M to build higher credit loss provisions.

    Find out about the key risks to this Bank Hapoalim B.M narrative.

    Another View on Bank Hapoalim B.M’s Valuation

    The earlier fair value of ₪83.00 for Bank Hapoalim B.M leans on long term earnings assumptions. Looking at the current P/E of 10.6x, this is slightly above both the Asian banks average at 10.4x and the fair ratio of 10.5x, which points to limited valuation slack if expectations slip.

    For investors who prefer to lean on ratio based checks rather than long term cash flow models, See what the numbers say about this price — find out in our valuation breakdown.

    TASE:POLI P/E Ratio as at Aug 2026
    TASE:POLI P/E Ratio as at Aug 2026

    Next Steps

    The message so far appears balanced or mixed. If you want to move quickly and form your own view on Bank Hapoalim B.M, review the 3 key rewards and 1 important warning sign.

    Looking for more investment ideas beyond Bank Hapoalim B.M?

    If Bank Hapoalim B.M has your attention, now is the moment to broaden your watchlist and spot other opportunities before they move out of reach.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.