The Psychometric Entrance Test (PET) is a tool for predicting academic performance, and is used by institutions of higher education to screen applicants to various departments. The test ranks all applicants on a standardized scale and, compared to other admissions tools, is less affected by differences in applicants' backgrounds or other subjective factors.

The Psychometric Entrance Test is not a perfect tool. While it is generally a good predictor of academic success, there may be a small number of examinees who do not do well on the test but nonetheless succeed in their studies, and vice versa. Neither is the test a direct measure of such factors as motivation, creativity, and diligence, which are definitely related to academic success – although some of these elements are measured indirectly, by both the Psychometric Entrance Test and the matriculation exams.

In any case, the Psychometric Entrance Test offers a second chance to many students with great potential who, for various reasons, did not fully demonstrate their capabilities in high school. Moreover, since it is translated into several languages, the Psychometric Entrance Test serves as a standardized admissions tool for candidates who are not native Hebrew speakers or who do not have an Israeli matriculation certificate.

A large body of research demonstrates the high predictive ability of the Psychometric Entrance Test. In general, students who received high Psychometric Entrance Test scores are more successful in their academic studies than students who received low scores. In addition, of all the screening tools available to institutions of higher education, the combination of the Psychometric Entrance Test and the matriculation exams has proven to have the best predictive ability.