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Icelandic (OMX) Market Analysis & Valuation

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies26
  • 7D0.3%
  • 3M11.2%
  • 1Y2.8%
  • YTD2.5%

The market has been flat over the last week. In line with that, the market has also been flat over the past year. In the next few years, earnings are forecast to decline by 1.1% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 09 Feb 2026ISK 2.1tISK 1.3tISK 134.8b16.5x15.3x1.6x
Wed, 07 Jan 2026ISK 2.0tISK 1.3tISK 136.9b16.3x14.6x1.5x
Fri, 05 Dec 2025ISK 1.9tISK 1.3tISK 137.1b15.4x13.5x1.4x
Sun, 02 Nov 2025ISK 1.8tISK 1.3tISK 132.8b14.9x13.3x1.3x
Tue, 30 Sep 2025ISK 1.8tISK 1.3tISK 123.9b16.6x14.5x1.4x
Thu, 28 Aug 2025ISK 1.7tISK 1.3tISK 123.4b16.5x14.1x1.3x
Sat, 26 Jul 2025ISK 1.8tISK 1.3tISK 121.2b16.9x14.4x1.4x
Mon, 23 Jun 2025ISK 1.7tISK 1.3tISK 118.2b16x14.4x1.3x
Wed, 21 May 2025ISK 1.7tISK 1.3tISK 119.6b16.9x14.5x1.3x
Fri, 18 Apr 2025ISK 1.7tISK 1.3tISK 122.9b15.2x13.8x1.3x
Sun, 16 Mar 2025ISK 1.8tISK 1.3tISK 118.9b17.8x15.2x1.4x
Tue, 11 Feb 2025ISK 1.9tISK 1.3tISK 110.4b17.8x17.6x1.5x
Thu, 09 Jan 2025ISK 1.9tISK 1.3tISK 107.7b15.2x17.6x1.5x
Sat, 07 Dec 2024ISK 2.3tISK 1.5tISK 109.5b17.2x20.9x1.5x
Mon, 04 Nov 2024ISK 2.2tISK 1.5tISK 106.1b18.8x21.2x1.5x
Wed, 02 Oct 2024ISK 2.1tISK 1.5tISK 104.1b17.6x20.4x1.4x
Fri, 30 Aug 2024ISK 2.0tISK 1.5tISK 113.4b16.1x17.9x1.3x
Sun, 28 Jul 2024ISK 2.0tISK 1.5tISK 118.6b15.4x16.6x1.3x
Tue, 25 Jun 2024ISK 2.0tISK 1.5tISK 127.8b16.5x15.3x1.3x
Thu, 23 May 2024ISK 2.0tISK 1.5tISK 131.5b15.4x14.9x1.3x
Sat, 20 Apr 2024ISK 2.0tISK 1.5tISK 130.6b16.3x15.4x1.3x
Mon, 18 Mar 2024ISK 2.0tISK 1.5tISK 130.5b16.4x15.7x1.3x
Wed, 14 Feb 2024ISK 2.2tISK 1.5tISK 132.8b16.6x16.2x1.4x
Fri, 12 Jan 2024ISK 2.2tISK 1.5tISK 148.0b15.2x14.6x1.4x
Sun, 10 Dec 2023ISK 2.0tISK 1.5tISK 148.0b14.2x13.6x1.3x
Tue, 07 Nov 2023ISK 1.7tISK 1.5tISK 156.7b13.6x11.1x1.1x
Thu, 05 Oct 2023ISK 1.9tISK 1.5tISK 150.2b16x12.4x1.2x
Sat, 02 Sep 2023ISK 2.0tISK 1.5tISK 145.0b16.4x14x1.4x
Mon, 31 Jul 2023ISK 2.0tISK 1.5tISK 148.8b16x13.8x1.3x
Wed, 28 Jun 2023ISK 1.9tISK 1.5tISK 146.2b14.6x13.2x1.3x
Fri, 26 May 2023ISK 2.0tISK 1.5tISK 147.4b14.5x13.3x1.3x
Sun, 23 Apr 2023ISK 2.1tISK 1.5tISK 148.9b14.8x14.2x1.4x
Tue, 21 Mar 2023ISK 2.1tISK 1.5tISK 148.6b14.6x14x1.4x
Thu, 16 Feb 2023ISK 2.2tISK 1.5tISK 162.5b13x13.6x1.5x
Price to Earnings Ratio

13.6x


Total Market Cap: ISK 2.2tTotal Earnings: ISK 162.5bTotal Revenue: ISK 1.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Market Price to Earnings3Y Average 15.2x202420252026
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 15.1x.
Past Earnings Growth
  • The earnings for companies in the Icelandic industry have declined 6.0% per year over the last three years.
  • Revenues have also declined 4.0% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Sector Trends

Which sectors have driven the changes within the Icelandic Market?

IS Market0.34%
Financials0.67%
Consumer Discretionary0.47%
Real Estate0.39%
Industrials0.30%
Consumer Staples0.26%
Tech0%0
Telecom-2.51%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 448x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Financials sector.
  • They expect its earnings to decline by only 1.1% per year over the next 5 years, which isn't as bad as the other sectors.
  • This is a reversal from its past annual earnings growth rate of 23% 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 108.002.9%
+ISK 5.5b		14.9%PE27.2xConsumer Staples
SKEL Skel fjárfestingafélag hfISK 17.206.2%
+ISK 1.9b		-18.1%PE7.5xConsumer Discretionary
HAMP Hampiðjan hfISK 115.002.7%
+ISK 1.9b		1.8%PE41.5xIndustrials
EIK Eik fasteignafélag hfISK 14.303.6%
+ISK 1.7b		3.6%PE7xReal Estate
SJOVA Sjóvá-Almennar tryggingar hfISK 45.602.7%
+ISK 1.4b		-13.6%PE15.2xFinancials
See more

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Latest News

FESTI
ISK 344.00
Festi hf
7D
-1.1%
1Y
11.0%
EIM
ISK 244.00
Eimskipafélag Íslands hf
7D
-6.2%
1Y
-47.9%

Some Investors May Be Worried About Eimskipafélag Íslands hf's (ICE:EIM) Returns On Capital

Feb 06
Some Investors May Be Worried About Eimskipafélag Íslands hf's (ICE:EIM) Returns On Capital
ISF
ISK 147.00
Ísfélag hf
7D
-0.7%
1Y
-1.1%
KVIKA
ISK 18.95
Kvika banki hf
7D
1.6%
1Y
-9.5%
ISB
ISK 145.00
Íslandsbanki hf
7D
0%
1Y
13.7%
HAGA
ISK 123.00
Hagar hf
7D
-1.6%
1Y
15.0%
ARION
ISK 201.00
Arion banki hf
7D
0.5%
1Y
14.9%
SVN
ISK 108.00
Sildarvinnslan Hf
7D
2.9%
1Y
14.9%

There's Reason For Concern Over Sildarvinnslan Hf.'s (ICE:SVN) Price

Jan 16
There's Reason For Concern Over Sildarvinnslan Hf.'s (ICE:SVN) Price
SJOVA
ISK 45.60
Sjóvá-Almennar tryggingar hf
7D
2.7%
1Y
-13.6%
SKEL
ISK 17.20
Skel fjárfestingafélag hf
7D
6.2%
1Y
-18.1%
ICEAIR
ISK 0.83
Icelandair Group hf
7D
3.5%
1Y
-38.7%
REITIR
ISK 126.00
Reitir fasteignafélag hf
7D
-1.6%
1Y
6.8%
HAMP
ISK 115.00
Hampiðjan hf
7D
2.7%
1Y
1.8%
EIK
ISK 14.30
Eik fasteignafélag hf
7D
3.6%
1Y
3.6%
SIMINN
ISK 15.10
Síminn hf
7D
-3.2%
1Y
7.9%
OLGERD
ISK 17.30
Ölgerðin Egill Skallagrímsson hf
7D
-1.1%
1Y
-8.5%