Put and label the two spin values in the order . Assign each bond its Boltzmann weight,The symmetry of the bond energy makes a real symmetric matrix. For a fixed configuration the product of successive matrix entries is its Boltzmann weight. Summing over all spins and identifying the last index with the first therefore giveswhereThis replaces a sum over configurations by the powers of a two-by-two matrix. For finite bond energies at , every matrix entry is positive, so the Perron–Frobenius theorem gives and . Hence the Helmholtz free energy per spin tends to . A diagonal local observable can be inserted at one site: . Its limiting average is the expectation in the normalized eigenvector of .
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