INNV vs FORTY

Comparison between InnovAge Holding Corp (INNV, Company) and Formula Systems (1985) Ltd (FORTY, Company).

INNV is from the Healthcare sector, while FORTY is from the Technology sector.

5-Year PerformanceFORTY has outperformed INNV, delivering a return of +8.1% compared to -10.5%

INNV vs FORTY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	INNV(COMPANY)	FORTY(COMPANY)
Market Cap	$1.59B	$1.58B
Max Drawdown	89.92%	95.97%
Sharpe Ratio	1.64	0.16
5Y Beta	1.09	0.34
Industry	Medical Care Facilities	Information Technology Services
P/E Ratio	-136.90	19.87
Forward P/E	13.66	9.23
PEG Ratio	0.00	0.81
Dividend Yield	N/A	2.32%
5Y Dividends CAGR	N/A	70.76%
5Y EPS CAGR	N/A	-10.90%
Debt to Equity	25.31%	12.91%
Free Cash Flow Yield	2.66%	20.49%
P/S Ratio	1.72	0.60
P/B Ratio	6.93	1.19

Market Cap

Winner

INNV

$1.59B

FORTY

$1.58B

Max Drawdown

Winner

INNV

89.92%

FORTY

95.97%

Sharpe Ratio

Winner

INNV

1.64

FORTY

0.16

5Y Beta

INNV

1.09

Winner

FORTY

0.34

Industry

INNV

Medical Care Facilities

FORTY

Information Technology Services

P/E Ratio

Winner

INNV

-136.90

FORTY

19.87

Forward P/E

INNV

13.66

Winner

FORTY

9.23

PEG Ratio

Winner

INNV

0.00

FORTY

0.81

Dividend Yield

INNV

N/A

FORTY

2.32%

5Y Dividends CAGR

INNV

N/A

FORTY

70.76%

5Y EPS CAGR

INNV

N/A

FORTY

-10.90%

Debt to Equity

INNV

25.31%

Winner

FORTY

12.91%

Free Cash Flow Yield

INNV

2.66%

Winner

FORTY

20.49%

P/S Ratio

INNV

1.72

Winner

FORTY

0.60

P/B Ratio

INNV

6.93

Winner

FORTY

1.19

INNV vs FORTY - Historical Returns

Returns include dividend reinvestment.

Period	INNV	FORTY
1 month	+65.89%	-11.11%
3 months	+51.94%	-1.56%
6 months	+124.26%	-26.65%
1 year	+190.41%	-8.65%
5 years(CAGR)	-10.49%	+8.11%
10 years(CAGR)	N/A	+16.18%
Max(CAGR)	-12.16%	+9.60%

Winner

INNV

+65.89%

FORTY

-11.11%

Winner

INNV

+51.94%

FORTY

-1.56%

Winner

INNV

+124.26%

FORTY

-26.65%

Winner

INNV

+190.41%

FORTY

-8.65%

5Y(CAGR)

INNV

-10.49%

Winner

FORTY

+8.11%

10Y(CAGR)

INNV

N/A

FORTY

+16.18%

Max(CAGR)

INNV

-12.16%

Winner

FORTY

+9.60%

INNV vs FORTY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	INNV	FORTY
2026	+133.33%	-26.65%
2025	+31.73%	+105.36%
2024	-36.92%	+39.05%
2023	-17.01%	-6.65%
2022	+43.31%	-40.77%
2021	-79.34%	+49.74%
2020	N/A	+25.85%
2019	N/A	+93.92%
2018	N/A	-15.35%
2017	N/A	+1.49%
2016	N/A	+54.79%
2015	N/A	+23.35%
2014	N/A	-12.96%
2013	N/A	+50.90%
2012	N/A	-0.90%
2011	N/A	-22.73%
2010	N/A	+68.67%
2009	N/A	+91.88%
2008	N/A	-46.94%
2007	N/A	-2.88%
2006	N/A	+19.68%
2005	N/A	-31.23%
2004	N/A	-0.06%
2003	N/A	+100.59%
2002	N/A	-51.77%
2001	N/A	-40.58%
2000	N/A	-32.43%
1999	N/A	+58.26%

INNV vs FORTY Drawdown Comparison

The maximum drawdown for INNV was -89.92%, occurring on Apr 8, 2025. This drawdown has not yet recovered.

The maximum drawdown for FORTY was -92.58%, occurring on Mar 9, 2009. Recovery took 4147 trading sessions.

The current INNV drawdown is -53.49%. The current FORTY drawdown is -35.52%.

Rank	INNV	FORTY
#1	-89.92% Mar 11, 2021 - Apr 8, 2025	-92.58% Mar 1, 2000 - Aug 24, 2016
#2	-4.34% Mar 4, 2021 - Mar 9, 2021	-54.37% Nov 15, 2021 - Jun 30, 2025
#3	N/A	-49.16% Jan 13, 2020 - May 20, 2020
#4	N/A	-41.95% Dec 24, 2025 - Mar 31, 2026
#5	N/A	-27.54% Jan 22, 2018 - Apr 4, 2019
#6	N/A	-23.56% Aug 18, 2020 - Aug 30, 2021
#7	N/A	-20.24% Jul 7, 2025 - Sep 5, 2025
#8	N/A	-19.64% May 16, 2017 - Jan 8, 2018
#9	N/A	-18.13% Jan 20, 2000 - Feb 7, 2000
#10	N/A	-17.61% Dec 14, 1999 - Jan 14, 2000
#11	N/A	-13.99% Jun 18, 2020 - Aug 4, 2020
#12	N/A	-13.85% Dec 12, 2019 - Jan 13, 2020
#13	N/A	-13.33% Jan 6, 2017 - Feb 23, 2017
#14	N/A	-12.66% Apr 10, 2019 - Jul 10, 2019
#15	N/A	-11.98% Sep 12, 2025 - Oct 9, 2025