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Icelandic (OMX) Market Analysis & Valuation

UpdatedJan 28, 2025
DataAggregated Company Financials
Companies27
  • 7D0.7%
  • 3M8.1%
  • 1Y4.5%
  • YTD0.9%

Over the last 7 days, the market has remained flat, although notably the Consumer Discretionary sector gained 3.4% in that time. Meanwhile, the market is actually up 4.5% over the past year. In the next few years, earnings are forecast to decline by 5.9% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 28 Jan 2025ISK 1.9tISK 1.3tISK 108.1b16.3x18x1.5x
Thu, 26 Dec 2024ISK 1.9tISK 1.3tISK 107.8b15.6x17.5x1.5x
Sat, 23 Nov 2024ISK 2.3tISK 1.5tISK 110.5b16.9x20.5x1.5x
Mon, 21 Oct 2024ISK 2.1tISK 1.5tISK 102.9b18.8x20.5x1.4x
Wed, 18 Sep 2024ISK 2.0tISK 1.5tISK 104.3b16.3x19.2x1.3x
Fri, 16 Aug 2024ISK 2.0tISK 1.5tISK 119.1b15.3x16.9x1.3x
Sun, 14 Jul 2024ISK 1.9tISK 1.5tISK 129.2b16x15.1x1.3x
Tue, 11 Jun 2024ISK 1.9tISK 1.5tISK 126.8b15.8x15.1x1.3x
Thu, 09 May 2024ISK 1.9tISK 1.5tISK 128.9b15.3x14.9x1.3x
Sat, 06 Apr 2024ISK 2.0tISK 1.5tISK 130.8b16.2x15.6x1.3x
Mon, 04 Mar 2024ISK 2.1tISK 1.5tISK 130.7b16.1x16x1.4x
Wed, 31 Jan 2024ISK 2.2tISK 1.5tISK 147.5b15.9x14.9x1.4x
Fri, 29 Dec 2023ISK 2.1tISK 1.5tISK 147.8b14.8x14.4x1.4x
Sun, 26 Nov 2023ISK 1.8tISK 1.5tISK 148.2b13.2x12.3x1.2x
Tue, 24 Oct 2023ISK 1.8tISK 1.5tISK 153.6b14.2x11.4x1.1x
Thu, 21 Sep 2023ISK 1.9tISK 1.5tISK 141.6b16x13.3x1.3x
Sat, 19 Aug 2023ISK 2.1tISK 1.5tISK 147.9b16.7x14x1.4x
Mon, 17 Jul 2023ISK 2.0tISK 1.5tISK 144.1b15.2x13.8x1.3x
Wed, 14 Jun 2023ISK 1.9tISK 1.5tISK 146.6b14.4x13.3x1.3x
Fri, 12 May 2023ISK 2.0tISK 1.5tISK 146.8b14.7x13.8x1.3x
Sun, 09 Apr 2023ISK 2.1tISK 1.5tISK 148.0b15.2x14.4x1.5x
Tue, 07 Mar 2023ISK 2.2tISK 1.5tISK 150.2b15.1x14.4x1.5x
Thu, 02 Feb 2023ISK 2.1tISK 1.4tISK 143.4b11.2x14.9x1.5x
Sat, 31 Dec 2022ISK 2.1tISK 1.4tISK 142.9b11.8x14.8x1.5x
Mon, 28 Nov 2022ISK 2.2tISK 1.4tISK 144.1b12.2x15.6x1.6x
Wed, 26 Oct 2022ISK 2.1tISK 1.4tISK 150.8b11.3x13.8x1.5x
Fri, 23 Sep 2022ISK 2.1tISK 1.3tISK 135.1b11.2x15.7x1.7x
Sun, 21 Aug 2022ISK 2.4tISK 1.2tISK 125.1b13.5x19.1x1.9x
Tue, 19 Jul 2022ISK 2.3tISK 1.2tISK 126.2b13.5x18.6x2x
Thu, 16 Jun 2022ISK 2.2tISK 1.1tISK 124.6b11.7x17.5x1.9x
Sat, 14 May 2022ISK 2.3tISK 1.1tISK 125.2b12.6x18.2x2x
Mon, 11 Apr 2022ISK 2.5tISK 1.1tISK 130.8b13.4x19x2.2x
Wed, 09 Mar 2022ISK 2.2tISK 1.1tISK 122.6b13.4x18.1x2x
Fri, 04 Feb 2022ISK 2.4tISK 1.1tISK 116.7b18.4x20.7x2.2x
Price to Earnings Ratio

20.7x


Total Market Cap: ISK 2.4tTotal Earnings: ISK 116.7bTotal Revenue: ISK 1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Market Price to Earnings3Y Average 16x202320242025
Current Market PE
  • Investors are optimistic on the Icelandic market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 18.0x which is higher than its 3-year average PE of 16.0x.
Past Earnings Growth
  • The earnings for Icelandic listed companies have declined 2.5% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.9% 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 Market0.73%
Consumer Discretionary3.37%
Telecom2.11%
Real Estate1.25%
Industrials0.78%
Financials0.70%
Energy0%0
Materials0%0
Healthcare0%0
Utilities0%0
Information Technology0%0
Financials0%0
Health Care0%0
Industrials0%0
Consumer Staples-0.036%
Tech-5.80%
Sector PE
  • Investors favour the Consumer Staples sector the most for future growth, which is trading above its 3-year average PE ratio of 22.8x.
    • 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 5.9% per year over the next 5 years, which isn't as bad as the other sectors.
  • This is even lower than its past earnings decline of 1.0% per year.
  • In contrast, the Financials sector is expected to see its earnings decline by 5.9% 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 122.001.7%
+ISK 3.8b		4.3%PB1xFinancials
FESTI Festi hfISK 292.002.8%
+ISK 2.5b		46.5%PE20.8xConsumer Discretionary
ICEAIR Icelandair Group hfISK 1.424.4%
+ISK 2.5b		-6.6%PS0.3xIndustrials
EIM Eimskipafélag Íslands hfISK 450.003.2%
+ISK 2.3b		-1.9%PE16.3xIndustrials
BRIM Brim hfISK 76.301.5%
+ISK 2.1b		-9.4%PE30.2xConsumer Staples
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KLAPP B

ISK 26.00

Klappir Grænar Lausnir hf

7D

-5.8%

1Y

95.5%

HAGA

ISK 103.50

Hagar hf

7D

-1.4%

1Y

27.0%

REITIR

ISK 113.00

Reitir fasteignafélag hf

7D

2.3%

1Y

22.2%

EIM

ISK 450.00

Eimskipafélag Íslands hf

7D

3.2%

1Y

-1.9%

KVIKA

ISK 20.65

Kvika banki hf

7D

-0.7%

1Y

16.3%

HAMP

ISK 113.00

Hampiðjan hf

7D

-4.2%

1Y

-25.2%

ISB

ISK 122.00

Íslandsbanki hf

7D

1.7%

1Y

4.3%

FESTI

ISK 292.00

Festi hf

7D

2.8%

1Y

46.5%

ICEAIR

ISK 1.42

Icelandair Group hf

7D

4.4%

1Y

-6.6%

SVN

ISK 94.75

Sildarvinnslan Hf

7D

-0.8%

1Y

-8.9%

EIK

ISK 13.40

Eik fasteignafélag hf

7D

-0.7%

1Y

7.2%

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OLGERD

ISK 18.90

Ölgerðin Egill Skallagrímsson hf

7D

2.7%

1Y

11.2%

BRIM

ISK 76.30

Brim hf

7D

1.5%

1Y

-9.4%

Brim hf (ICE:BRIM) Might Have The Makings Of A Multi-Bagger

Oct 15
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SYN

ISK 30.00

Sýn hf

7D

-2.0%

1Y

-37.5%

SKEL

ISK 20.00

Skel fjárfestingafélag hf

7D

4.7%

1Y

7.0%

ISF

ISK 151.40

Ísfélag hf

7D

-0.8%

1Y

-3.6%