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Icelandic (OMX) Market Analysis & Valuation

UpdatedSep 12, 2025
DataAggregated Company Financials
Companies26
  • 7D3.4%
  • 3M3.5%
  • 1Y13.8%
  • YTD-3.2%

The market is up 3.4% in the last 7 days, led by the Consumer Staples and all sectors gaining ground. The market is up 14% over the last 12 months. As for the next few years, earnings are forecast to decline by 2.0% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 12 Sep 2025ISK 1.8tISK 1.3tISK 123.2b16.9x14.8x1.4x
Sun, 10 Aug 2025ISK 1.8tISK 1.3tISK 127.4b17x13.8x1.4x
Tue, 08 Jul 2025ISK 1.8tISK 1.3tISK 117.5b17.3x14.9x1.4x
Thu, 05 Jun 2025ISK 1.8tISK 1.3tISK 118.3b18.9x15.2x1.4x
Sat, 03 May 2025ISK 1.7tISK 1.3tISK 122.8b14.4x13.7x1.3x
Mon, 31 Mar 2025ISK 1.8tISK 1.3tISK 120.6b16.5x14.7x1.4x
Wed, 26 Feb 2025ISK 1.9tISK 1.3tISK 114.5b18.8x16.6x1.5x
Fri, 24 Jan 2025ISK 2.0tISK 1.3tISK 108.1b17.4x18x1.5x
Sun, 22 Dec 2024ISK 2.3tISK 1.5tISK 109.4b17.6x21.1x1.5x
Tue, 19 Nov 2024ISK 2.3tISK 1.5tISK 111.4b16.8x20.4x1.5x
Thu, 17 Oct 2024ISK 2.1tISK 1.5tISK 103.2b18.8x20.5x1.4x
Sat, 14 Sep 2024ISK 2.0tISK 1.5tISK 104.3b16.2x19.1x1.3x
Mon, 12 Aug 2024ISK 2.0tISK 1.5tISK 119.0b15.3x16.6x1.3x
Wed, 10 Jul 2024ISK 1.9tISK 1.5tISK 127.8b16.1x15.2x1.3x
Fri, 07 Jun 2024ISK 1.9tISK 1.5tISK 126.8b15.6x15.1x1.3x
Sun, 05 May 2024ISK 2.0tISK 1.5tISK 133.0b15.4x14.7x1.3x
Tue, 02 Apr 2024ISK 2.0tISK 1.5tISK 130.7b16.1x15.3x1.3x
Thu, 29 Feb 2024ISK 2.1tISK 1.5tISK 130.1b15.8x15.9x1.4x
Sat, 27 Jan 2024ISK 2.2tISK 1.5tISK 147.8b15.9x15x1.4x
Mon, 25 Dec 2023ISK 2.1tISK 1.5tISK 148.0b14.8x14.2x1.4x
Wed, 22 Nov 2023ISK 1.7tISK 1.5tISK 150.4b12.7x11.4x1.1x
Fri, 20 Oct 2023ISK 1.8tISK 1.5tISK 149.1b15.6x11.8x1.2x
Sun, 17 Sep 2023ISK 1.9tISK 1.5tISK 145.9b16x13.2x1.3x
Tue, 15 Aug 2023ISK 2.1tISK 1.5tISK 148.9b16x13.8x1.4x
Thu, 13 Jul 2023ISK 2.0tISK 1.5tISK 144.5b15x13.8x1.3x
Sat, 10 Jun 2023ISK 2.0tISK 1.5tISK 146.3b14.5x13.4x1.3x
Mon, 08 May 2023ISK 2.1tISK 1.5tISK 147.1b15x14x1.4x
Wed, 05 Apr 2023ISK 2.1tISK 1.5tISK 148.3b15.3x14.4x1.5x
Fri, 03 Mar 2023ISK 2.1tISK 1.5tISK 149.1b14.9x14.3x1.4x
Sun, 29 Jan 2023ISK 2.2tISK 1.5tISK 143.7b11.5x15x1.5x
Tue, 27 Dec 2022ISK 2.1tISK 1.4tISK 143.0b11.7x14.8x1.5x
Thu, 24 Nov 2022ISK 2.3tISK 1.4tISK 144.3b12.4x15.6x1.6x
Sat, 22 Oct 2022ISK 2.1tISK 1.4tISK 150.0b11.2x13.7x1.5x
Mon, 19 Sep 2022ISK 2.3tISK 1.3tISK 135.1b11.9x16.8x1.8x
Price to Earnings Ratio

16.8x


Total Market Cap: ISK 2.3tTotal Earnings: ISK 135.1bTotal Revenue: ISK 1.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Market Price to Earnings3Y Average 15.3x202320242025
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 15.3x.
Past Earnings Growth
  • The earnings for Icelandic listed companies have declined 3.0% per year over the last three years.
  • Meanwhile revenues have been flat.
  • This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.

Sector Trends

Which sectors have driven the changes within the Icelandic Market?

IS Market3.41%
Consumer Staples6.44%
Industrials2.91%
Financials2.60%
Consumer Discretionary2.43%
Telecom0.47%
Real Estate0.10%
Tech0%0
Sector PE
  • Investors favour the Consumer Staples sector the most for future growth, which is trading above its 3-year average PE ratio of 22.4x.
    • 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 2.0% 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 45% 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 88.0010.7%
+ISK 15.7b		-8.3%PE33.4xConsumer Staples
ISF Ísfélag hfISK 129.0010.3%
+ISK 9.8b		-15.7%n/aConsumer Staples
BRIM Brim hfISK 64.006.7%
+ISK 7.7b		-15.6%PE18.8xConsumer Staples
ARION Arion banki hfISK 183.003.1%
+ISK 7.6b		33.6%PB1.3xFinancials
ISB Íslandsbanki hfISK 127.502.0%
+ISK 4.6b		29.3%PB1xFinancials
See more

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Latest News

EIM
ISK 348.00
Eimskipafélag Íslands hf
7D
4.2%
1Y
2.1%
ARION
ISK 183.00
Arion banki hf
7D
3.1%
1Y
33.6%
ISF
ISK 129.00
Ísfélag hf
7D
10.3%
1Y
-15.7%
EIK
ISK 13.95
Eik fasteignafélag hf
7D
-2.4%
1Y
28.0%
HAMP
ISK 129.00
Hampiðjan hf
7D
4.0%
1Y
13.2%
SVN
ISK 88.00
Sildarvinnslan Hf
7D
10.7%
1Y
-8.3%

Pinning Down Sildarvinnslan Hf.'s (ICE:SVN) P/E Is Difficult Right Now

Sep 05
Pinning Down Sildarvinnslan Hf.'s (ICE:SVN) P/E Is Difficult Right Now
ICESEA
ISK 5.00
Iceland Seafood International hf
7D
-2.0%
1Y
3.7%

Shareholders Will Be Pleased With The Quality of Iceland Seafood International hf's (ICE:ICESEA) Earnings

Sep 04
Shareholders Will Be Pleased With The Quality of Iceland Seafood International hf's (ICE:ICESEA) Earnings
BRIM
ISK 64.00
Brim hf
7D
6.7%
1Y
-15.6%
NOVA
ISK 4.92
Nova Klúbburinn hf
7D
-0.4%
1Y
34.8%

Solid Earnings Reflect Nova Klúbburinn hf's (ICE:NOVA) Strength As A Business

Aug 23
Solid Earnings Reflect Nova Klúbburinn hf's (ICE:NOVA) Strength As A Business
ISB
ISK 127.50
Íslandsbanki hf
7D
2.0%
1Y
29.3%
FESTI
ISK 310.00
Festi hf
7D
2.6%
1Y
56.6%
ICEAIR
ISK 1.01
Icelandair Group hf
7D
-1.0%
1Y
9.7%
HEIMAR
ISK 36.20
Heimar hf
7D
-0.5%
1Y
24.6%

Lacklustre Performance Is Driving Heimar hf.'s (ICE:HEIMAR) Low P/E

Jun 15
Lacklustre Performance Is Driving Heimar hf.'s (ICE:HEIMAR) Low P/E