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Icelandic (OMX) Market Analysis & Valuation

UpdatedJun 08, 2025
DataAggregated Company Financials
Companies27
  • 7D0.4%
  • 3M-1.8%
  • 1Y16.6%
  • YTD-4.6%

In the last week, the market has been flat. As for the longer term, the market has risen 17% in the past 12 months. Earnings are forecast to be flat in the coming years.

Market Valuation and Performance

Has the Icelandic Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Jun 2025ISK 1.8tISK 1.3tISK 118.2b18.6x15.2x1.4x
Tue, 06 May 2025ISK 1.7tISK 1.3tISK 123.2b15x13.6x1.3x
Thu, 03 Apr 2025ISK 1.7tISK 1.3tISK 120.6b15.9x14.5x1.4x
Sat, 01 Mar 2025ISK 1.9tISK 1.3tISK 116.5b18.5x16.2x1.4x
Mon, 27 Jan 2025ISK 1.9tISK 1.3tISK 108.1b16.6x18x1.5x
Wed, 25 Dec 2024ISK 1.9tISK 1.3tISK 107.8b15.6x17.5x1.5x
Fri, 22 Nov 2024ISK 2.3tISK 1.5tISK 111.4b16.9x20.5x1.5x
Sun, 20 Oct 2024ISK 2.1tISK 1.5tISK 102.9b18.8x20.5x1.4x
Tue, 17 Sep 2024ISK 2.0tISK 1.5tISK 104.4b16.3x19.2x1.3x
Thu, 15 Aug 2024ISK 2.0tISK 1.5tISK 119.1b15.3x16.6x1.3x
Sat, 13 Jul 2024ISK 1.9tISK 1.5tISK 129.2b16x15.1x1.3x
Mon, 10 Jun 2024ISK 1.9tISK 1.5tISK 126.6b15.7x15.1x1.3x
Wed, 08 May 2024ISK 2.0tISK 1.5tISK 132.9b15.4x14.7x1.3x
Fri, 05 Apr 2024ISK 2.0tISK 1.5tISK 130.8b16x15.3x1.3x
Sun, 03 Mar 2024ISK 2.1tISK 1.5tISK 130.7b16.1x16x1.4x
Tue, 30 Jan 2024ISK 2.2tISK 1.5tISK 147.9b16.1x14.9x1.4x
Thu, 28 Dec 2023ISK 2.1tISK 1.5tISK 148.1b14.8x14.3x1.4x
Sat, 25 Nov 2023ISK 1.8tISK 1.5tISK 147.7b13.2x12.3x1.2x
Mon, 23 Oct 2023ISK 1.8tISK 1.5tISK 153.4b14.3x11.4x1.1x
Wed, 20 Sep 2023ISK 1.9tISK 1.5tISK 141.5b16x13.4x1.3x
Fri, 18 Aug 2023ISK 2.1tISK 1.5tISK 147.8b16.9x14x1.4x
Sun, 16 Jul 2023ISK 2.0tISK 1.5tISK 144.1b15.2x13.8x1.3x
Tue, 13 Jun 2023ISK 2.0tISK 1.5tISK 146.3b14.5x13.4x1.3x
Thu, 11 May 2023ISK 2.0tISK 1.5tISK 147.2b14.7x13.7x1.3x
Sat, 08 Apr 2023ISK 2.1tISK 1.5tISK 148.0b15.2x14.4x1.5x
Mon, 06 Mar 2023ISK 2.2tISK 1.5tISK 148.5b15x14.6x1.5x
Wed, 01 Feb 2023ISK 2.1tISK 1.4tISK 143.3b11.3x14.9x1.5x
Fri, 30 Dec 2022ISK 2.1tISK 1.4tISK 143.0b11.7x14.8x1.5x
Sun, 27 Nov 2022ISK 2.2tISK 1.4tISK 144.1b12.2x15.6x1.6x
Tue, 25 Oct 2022ISK 2.1tISK 1.4tISK 150.0b11.2x13.7x1.5x
Thu, 22 Sep 2022ISK 2.2tISK 1.3tISK 135.0b11.6x16.2x1.7x
Sat, 20 Aug 2022ISK 2.4tISK 1.2tISK 128.2b14x18.7x1.9x
Mon, 18 Jul 2022ISK 2.3tISK 1.2tISK 126.2b13.5x18.6x2x
Wed, 15 Jun 2022ISK 2.2tISK 1.1tISK 124.7b11.7x17.5x1.9x
Price to Earnings Ratio

17.5x


Total Market Cap: ISK 2.2tTotal Earnings: ISK 124.7bTotal Revenue: ISK 1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Market Price to Earnings3Y Average 15.6x202320242025
Current Market PE
  • Investors are relatively neutral on the Icelandic market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 15.6x.
Past Earnings Growth
  • The earnings for Icelandic listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 4.3% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Sector Trends

Which sectors have driven the changes within the Icelandic Market?

IS Market0.44%
Industrials2.02%
Consumer Staples1.99%
Telecom1.55%
Consumer Discretionary0.61%
Tech0%0
Real Estate-0.76%
Financials-1.08%
Sector PE
  • Investors favour the Tech sector the most for future growth which is trading above its 3-year average PE ratio.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Financials sector, expecting annual earnings growth of 0.4% over the next 5 years.
  • However this is lower than its past earnings growth rate of 0.8% per year.
  • In contrast, the Financials industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
SVN Sildarvinnslan HfISK 83.003.4%
+ISK 5.1b		-2.9%PE30.4xConsumer Staples
ISF Ísfélag hfISK 132.003.9%
+ISK 4.1b		-12.5%n/aConsumer Staples
HAGA Hagar hfISK 105.002.9%
+ISK 3.3b		31.3%PE16.4xConsumer Staples
ISB Íslandsbanki hfISK 119.501.3%
+ISK 2.8b		24.3%PB1xFinancials
ICEAIR Icelandair Group hfISK 1.094.1%
+ISK 1.7b		12.4%PS0.2xIndustrials
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HEIMAR

ISK 37.80

Heimar hf

7D

-1.0%

1Y

57.5%

ISB

ISK 119.50

Íslandsbanki hf

7D

1.3%

1Y

24.3%

KVIKA

ISK 17.95

Kvika banki hf

7D

2.1%

1Y

20.1%

BRIM

ISK 65.00

Brim hf

7D

-0.8%

1Y

-6.3%

HAMP

ISK 117.00

Hampiðjan hf

7D

1.7%

1Y

-3.7%

ARION

ISK 169.50

Arion banki hf

7D

-4.0%

1Y

29.4%

HAGA

ISK 105.00

Hagar hf

7D

2.9%

1Y

31.3%

Hagar hf's (ICE:HAGA) Shareholders Will Receive A Smaller Dividend Than Last Year

May 26
Hagar hf's (ICE:HAGA) Shareholders Will Receive A Smaller Dividend Than Last Year

SJOVA

ISK 49.20

Sjóvá-Almennar tryggingar hf

7D

-1.6%

1Y

33.0%

REITIR

ISK 117.50

Reitir fasteignafélag hf

7D

-0.4%

1Y

40.7%

EIK

ISK 14.20

Eik fasteignafélag hf

7D

-0.7%

1Y

39.2%

Eik fasteignafélag hf's (ICE:EIK) Problems Go Beyond Weak Profit

May 16
Eik fasteignafélag hf's (ICE:EIK) Problems Go Beyond Weak Profit

SKAGI

ISK 19.10

Skagi hf

7D

-2.1%

1Y

26.1%

ICEAIR

ISK 1.09

Icelandair Group hf

7D

4.1%

1Y

12.4%

FESTI

ISK 288.00

Festi hf

7D

1.1%

1Y

49.2%

ISF

ISK 132.00

Ísfélag hf

7D

3.9%

1Y

-12.5%

SVN

ISK 83.00

Sildarvinnslan Hf

7D

3.4%

1Y

-2.9%

KALD

ISK 25.00

Kaldalón hf

7D

-1.2%

1Y

48.4%