MGIC
Price:
$25.23
Market Cap:
$1.24B
Magic Software Enterprises Ltd. provides proprietary application development, business process integration, vertical software solutions, and information technologies (IT) outsourcing software services in Israel and internationally. The company's Software Services segment develops, markets, sells, and supports application platform, software applications, and business and process integration solutions and related services. Its IT Professional Services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, and supplemental outsourcing services. The company off...[Read more]
Industry
Information Technology Services
IPO Date
1991-08-30
Stock Exchange
NASDAQ
Ticker
MGIC
According to Magic Software Enterprises Ltd.’s latest financial reports and current stock price. The company's current ROE is 14.54%. This represents a change of 300.09% compared to the average of 3.63% of the last 4 quarters.
The mean historical ROE of Magic Software Enterprises Ltd. over the last ten years is 10.29%. The current 14.54% ROE has changed 41.33% with respect to the historical average. Over the past ten years (40 quarters), MGIC's ROE was at its highest in in the September 2022 quarter at 4.63%. The ROE was at its lowest in in the December 2016 quarter at 0.06%.
Average
10.29%
Median
9.08%
Minimum
7.28%
Maximum
15.35%
Discovering the peaks and valleys of Magic Software Enterprises Ltd. ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 36.78%
Maximum Annual ROE = 15.35%
Minimum Annual Increase = -14.20%
Minimum Annual ROE = 7.28%
| Year | ROE | Change |
|---|---|---|
| 2024 | 13.31% | -4.43% |
| 2023 | 13.92% | -9.30% |
| 2022 | 15.35% | 36.78% |
| 2021 | 11.22% | 16.04% |
| 2020 | 9.67% | 18.27% |
| 2019 | 8.18% | 0.33% |
| 2018 | 8.15% | 10.99% |
| 2017 | 7.34% | 0.93% |
| 2016 | 7.28% | -14.20% |
| 2015 | 8.48% | 1.81% |
The current ROE of Magic Software Enterprises Ltd. (MGIC) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
14.19%
5-year avg
12.69%
10-year avg
10.29%
Magic Software Enterprises Ltd.’s ROE is less than TaskUs, Inc. (15.30%), greater than NETGEAR, Inc. (-4.96%), less than ScanSource, Inc. (7.88%), less than Cantaloupe, Inc. (29.37%), greater than Cohu, Inc. (-8.65%), less than GigaCloud Technology Inc. (30.43%), greater than BlackSky Technology Inc. (-98.56%), less than Yext, Inc. (4.90%), less than CTS Corporation (10.93%), less than Grid Dynamics Holdings, Inc. (2.64%),
| Company | ROE | Market cap |
|---|---|---|
| 15.30% | $1.09B | |
| -4.96% | $772.48M | |
| 7.88% | $908.42M | |
| 29.37% | $774.63M | |
| -8.65% | $1.17B | |
| 30.43% | $1.48B | |
| -98.56% | $687.11M | |
| 4.90% | $1.09B | |
| 10.93% | $1.32B | |
| 2.64% | $818.83M |
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