The Medal of Valor (O't Ha'gvora, Hebrew)  - is the highest Israeli Military decoration. The medal was established in 1970 by the Knesset in an act of law and was also awarded for actions prior to 1970. Recipients of the medal receive several privileges such as tax reduction and invitation to official state ceremonies. They are titled "Hero of Israel". To this day, 40 medals have been awarded: 12 during the Independence War, 5 during the Sinai War, 12 during the Six-Day War, 8 during the Yom Kippur War and 3 others awarded on other occasions. The first 12 recipients also won the Hero of Israel decoration.

The medal was designed by Dan Reisinger. It is shaped as a Star of David. A sword and olive branch decorate the left side while the reverse is plain. The medal is attached to a yellow ribbon, a reference to the yellow star that Jews were forced to wear during the Holocaust. Two time recipients of the medal attach a small medal-shaped clasp to the ribbon. The medal is minted by the Israel Government Coins and Medals Corporation. It is made of 25 gram silver/935 and the clasp is chrome plated.