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Icelandic (OMX) Market Analysis & Valuation

UpdatedApr 14, 2025
DataAggregated Company Financials
Companies27
  • 7D1.4%
  • 3M-11.5%
  • 1Y2.6%
  • YTD-11.3%

Over the last 7 days, the market has remained flat, with no particular sector making any big moves this 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 6.2% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 14 Apr 2025ISK 1.7tISK 1.3tISK 120.9b14.9x13.8x1.3x
Wed, 12 Mar 2025ISK 1.8tISK 1.3tISK 119.0b17.9x15.2x1.4x
Fri, 07 Feb 2025ISK 1.9tISK 1.3tISK 108.6b16.9x17.8x1.5x
Sun, 05 Jan 2025ISK 1.9tISK 1.3tISK 107.7b16x17.6x1.5x
Tue, 03 Dec 2024ISK 2.3tISK 1.5tISK 109.5b17.1x21.2x1.5x
Thu, 31 Oct 2024ISK 2.2tISK 1.5tISK 101.5b20.1x21.7x1.5x
Sat, 28 Sep 2024ISK 2.1tISK 1.5tISK 104.2b17.2x20.1x1.4x
Mon, 26 Aug 2024ISK 2.0tISK 1.5tISK 113.4b16.2x17.9x1.3x
Wed, 24 Jul 2024ISK 2.0tISK 1.5tISK 127.1b15.3x15.5x1.3x
Fri, 21 Jun 2024ISK 2.0tISK 1.5tISK 127.7b16.3x15.3x1.3x
Sun, 19 May 2024ISK 2.0tISK 1.5tISK 131.6b15.5x15x1.3x
Tue, 16 Apr 2024ISK 2.0tISK 1.5tISK 130.7b16.4x15.5x1.3x
Thu, 14 Mar 2024ISK 2.1tISK 1.5tISK 130.4b16.4x15.7x1.4x
Sat, 10 Feb 2024ISK 2.2tISK 1.5tISK 126.3b18x17.4x1.4x
Mon, 08 Jan 2024ISK 2.2tISK 1.5tISK 148.2b15.4x14.7x1.4x
Wed, 06 Dec 2023ISK 1.9tISK 1.5tISK 148.2b13.8x12.7x1.2x
Fri, 03 Nov 2023ISK 1.8tISK 1.5tISK 156.9b12.9x11.2x1.1x
Sun, 01 Oct 2023ISK 1.9tISK 1.5tISK 149.9b15.9x12.4x1.2x
Tue, 29 Aug 2023ISK 2.0tISK 1.5tISK 145.1b16.6x14x1.4x
Thu, 27 Jul 2023ISK 2.1tISK 1.5tISK 145.2b15.7x14.1x1.4x
Sat, 24 Jun 2023ISK 1.9tISK 1.5tISK 146.1b14.6x13.3x1.3x
Mon, 22 May 2023ISK 2.0tISK 1.5tISK 147.2b14.9x13.6x1.3x
Wed, 19 Apr 2023ISK 2.1tISK 1.5tISK 147.9b15.1x14.3x1.4x
Fri, 17 Mar 2023ISK 2.1tISK 1.5tISK 148.6b15x14.1x1.4x
Sun, 12 Feb 2023ISK 2.2tISK 1.5tISK 163.7b13.1x13.6x1.5x
Tue, 10 Jan 2023ISK 2.2tISK 1.4tISK 143.5b11.9x15.1x1.5x
Thu, 08 Dec 2022ISK 2.2tISK 1.4tISK 144.5b11.9x15.1x1.5x
Sat, 05 Nov 2022ISK 2.1tISK 1.4tISK 146.3b12.2x14.7x1.5x
Mon, 03 Oct 2022ISK 2.1tISK 1.3tISK 135.4b10.9x15.4x1.6x
Wed, 31 Aug 2022ISK 2.3tISK 1.3tISK 127.4b12.6x18x1.8x
Fri, 29 Jul 2022ISK 2.3tISK 1.2tISK 134.2b13.3x17x1.9x
Sun, 26 Jun 2022ISK 2.2tISK 1.2tISK 130.2b12.5x16.7x1.8x
Tue, 24 May 2022ISK 2.2tISK 1.1tISK 126.0b12x17.6x1.9x
Thu, 21 Apr 2022ISK 2.5tISK 1.1tISK 128.9b13.4x19.1x2.2x
Price to Earnings Ratio

19.1x


Total Market Cap: ISK 2.5tTotal Earnings: ISK 128.9bTotal Revenue: ISK 1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Market Price to Earnings3Y Average 15.8x202320242025
Current Market PE
  • Investors are pessimistic on the Icelandic market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 13.8x which is lower than its 3-year average PE of 15.8x.
Past Earnings Growth
  • The earnings for Icelandic listed companies have declined 2.1% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.1% 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, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Icelandic Market?

IS Market1.37%
Real Estate2.67%
Financials2.15%
Industrials1.38%
Consumer Staples0.65%
Consumer Discretionary0.10%
Tech0%0
Telecom-1.26%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 31.1x.
    • 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 6.2% 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 1.5% per year.
  • In contrast, the Financials sector is expected to see its earnings decline by 6.2% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
ISB Íslandsbanki hfISK 116.004.5%
+ISK 9.4b		15.4%PB1xFinancials
ARION Arion banki hfISK 146.502.8%
+ISK 5.6b		1.0%PB1xFinancials
HAGA Hagar hfISK 100.005.3%
+ISK 5.4b		35.6%PE21xConsumer Staples
SVN Sildarvinnslan HfISK 83.251.5%
+ISK 2.3b		-11.4%PE27.3xConsumer Staples
HEIMAR Heimar hfISK 34.403.6%
+ISK 2.1b		48.3%PE7.4xReal Estate
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Latest News

SVN

ISK 83.25

Sildarvinnslan Hf

7D

1.5%

1Y

-11.4%

HAGA

ISK 100.00

Hagar hf

7D

5.3%

1Y

35.6%

KVIKA

ISK 13.50

Kvika banki hf

7D

-2.2%

1Y

-8.5%

SIMINN

ISK 13.30

Síminn hf

7D

-2.2%

1Y

30.4%

HEIMAR

ISK 34.40

Heimar hf

7D

3.6%

1Y

48.3%

EIM

ISK 374.00

Eimskipafélag Íslands hf

7D

-1.6%

1Y

10.0%

ISB

ISK 116.00

Íslandsbanki hf

7D

4.5%

1Y

15.4%

HAMP

ISK 108.00

Hampiðjan hf

7D

1.9%

1Y

-22.3%

BRIM

ISK 62.75

Brim hf

7D

-1.2%

1Y

-19.8%

ARION

ISK 146.50

Arion banki hf

7D

2.8%

1Y

1.0%

ICEAIR

ISK 1.06

Icelandair Group hf

7D

5.0%

1Y

1.0%

Icelandair Group hf.'s (ICE:ICEAIR) CEO Will Probably Find It Hard To See A Huge Raise This Year

Mar 06
Icelandair Group hf.'s (ICE:ICEAIR) CEO Will Probably Find It Hard To See A Huge Raise This Year

ICESEA

ISK 4.52

Iceland Seafood International hf

7D

-5.0%

1Y

-19.3%

We Think Iceland Seafood International hf's (ICE:ICESEA) Robust Earnings Are Conservative

Mar 05
We Think Iceland Seafood International hf's (ICE:ICESEA) Robust Earnings Are Conservative

SKEL

ISK 15.00

Skel fjárfestingafélag hf

7D

-3.8%

1Y

-8.5%

REITIR

ISK 103.00

Reitir fasteignafélag hf

7D

3.0%

1Y

35.5%

OLGERD

ISK 17.20

Ölgerðin Egill Skallagrímsson hf

7D

-2.3%

1Y

-9.0%

ISF

ISK 129.00

Ísfélag hf

7D

-0.8%

1Y

-17.7%