Formula Systems (FORTY) - Market capitalization

Market cap: ₹232.69 Billion

As of December 2025 Formula Systems has a market cap of ₹232.69 Billion. This makes Formula Systems the world's 4202th most valuable company by market cap according to our data. The market capitalization, commonly called market cap, is the total market value of a publicly traded company's outstanding shares and is commonly used to measure how much a company is worth.

Market cap history of Formula Systems from 1998 to 2025

End of year Market Cap

Year	Marketcap	Change
2025	₹232.69 B	89.51%
2024	₹122.78 B	47.6%
2023	₹83.19 B	-7.42%
2022	₹89.85 B	-35.16%
2021	₹138.57 B	43.74%
2020	₹96.40 B	30.25%
2019	₹74.01 B	95.01%
2018	₹37.95 B	-0.54%
2017	₹38.16 B	-3.96%
2016	₹39.73 B	50.07%
2015	₹26.47 B	28.05%
2014	₹20.67 B	-10.62%
2013	₹23.13 B	100.56%
2012	₹11.53 B	8.59%
2011	₹10.62 B	-5.8%
2010	₹11.27 B	58.08%
2009	₹7.13 B	67.27%
2008	₹4.26 B	-35.05%
2007	₹6.56 B	-8.39%
2006	₹7.16 B	17.15%
2005	₹6.11 B	-37.04%
2004	₹9.71 B	15.78%
2003	₹8.39 B	114.5%
2002	₹3.91 B	-46.33%
2001	₹7.29 B	-42.83%
2000	₹12.75 B	-24.55%
1999	₹16.90 B	71.95%
1998	₹9.83 B

End of Day market cap according to different sources

On Dec 4th, 2025 the market cap of Formula Systems was reported to be:

₹232.32 Billion

by Nasdaq

₹232.69 Billion

by CompaniesMarketCap

Market capitalization for similar companies or competitors

Name	Marketcap	Market cap differencediff.	Country
Sapiens SPNS	₹217.43 B	-6.55%	🇮🇱 Israel
Pegasystems PEGA	₹876.21 B	276.56%	🇺🇸 USA
IBM IBM	₹25.867 T	11,016.75%	🇺🇸 USA
FICO FICO	₹3.821 T	1,542.34%	🇺🇸 USA
Microsoft MSFT	₹321.149 T	137,915.26%	🇺🇸 USA
Oracle ORCL	₹54.901 T	23,493.98%	🇺🇸 USA
SAP SAP	₹25.735 T	10,959.75%	🇩🇪 Germany
HP HPQ	₹2.185 T	839.39%	🇺🇸 USA

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Market capitalization of Formula Systems (FORTY)

Market cap: ₹232.69 Billion