Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Icelandic (OMX) Market Analysis & Valuation

UpdatedJul 27, 2025
DataAggregated Company Financials
Companies26
  • 7D-0.07%
  • 3M2.8%
  • 1Y11.1%
  • YTD-7.3%

The market has been flat in the last week, however the Industrials sector is down 3.1%. As for the longer term, the market has risen 11% 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
Mon, 28 Jul 2025ISK 1.8tISK 1.3tISK 121.2b16.9x14.4x1.4x
Wed, 25 Jun 2025ISK 1.7tISK 1.3tISK 118.1b16.4x14.5x1.3x
Fri, 23 May 2025ISK 1.8tISK 1.3tISK 119.6b17.4x14.7x1.4x
Sun, 20 Apr 2025ISK 1.7tISK 1.3tISK 122.9b15.2x13.8x1.3x
Tue, 18 Mar 2025ISK 1.8tISK 1.3tISK 119.0b17.9x15x1.4x
Thu, 13 Feb 2025ISK 1.9tISK 1.3tISK 110.4b17.8x17.6x1.5x
Sat, 11 Jan 2025ISK 1.9tISK 1.3tISK 107.7b15.7x17.8x1.5x
Mon, 09 Dec 2024ISK 2.3tISK 1.5tISK 109.5b17.2x20.9x1.5x
Wed, 06 Nov 2024ISK 2.2tISK 1.5tISK 105.3b19.6x21.3x1.5x
Fri, 04 Oct 2024ISK 2.1tISK 1.5tISK 104.0b17.8x20.6x1.4x
Sun, 01 Sep 2024ISK 2.0tISK 1.5tISK 105.8b16.2x19x1.3x
Tue, 30 Jul 2024ISK 2.0tISK 1.5tISK 118.7b15.9x16.7x1.3x
Thu, 27 Jun 2024ISK 1.9tISK 1.5tISK 127.7b16.4x15.2x1.3x
Sat, 25 May 2024ISK 1.9tISK 1.5tISK 131.5b15.2x14.8x1.3x
Mon, 22 Apr 2024ISK 2.0tISK 1.5tISK 131.2b16.2x15.3x1.3x
Wed, 20 Mar 2024ISK 2.0tISK 1.5tISK 130.5b16.3x15.7x1.4x
Fri, 16 Feb 2024ISK 2.2tISK 1.5tISK 133.0b16.8x16.3x1.4x
Sun, 14 Jan 2024ISK 2.2tISK 1.5tISK 148.2b15.3x14.6x1.4x
Tue, 12 Dec 2023ISK 2.0tISK 1.5tISK 148.1b14.2x13.5x1.3x
Thu, 09 Nov 2023ISK 1.7tISK 1.5tISK 155.2b13.7x11.1x1.1x
Sat, 07 Oct 2023ISK 1.8tISK 1.5tISK 150.1b15.7x12.2x1.2x
Mon, 04 Sep 2023ISK 2.0tISK 1.5tISK 145.1b16.9x14x1.3x
Wed, 02 Aug 2023ISK 2.0tISK 1.5tISK 148.6b15.7x13.7x1.3x
Fri, 30 Jun 2023ISK 1.9tISK 1.5tISK 145.9b14.5x13.1x1.3x
Sun, 28 May 2023ISK 2.0tISK 1.5tISK 146.8b14.8x13.3x1.3x
Tue, 25 Apr 2023ISK 2.1tISK 1.5tISK 148.9b14.6x14.3x1.4x
Thu, 23 Mar 2023ISK 2.1tISK 1.5tISK 148.5b14.3x14.1x1.4x
Sat, 18 Feb 2023ISK 2.2tISK 1.5tISK 162.0b13.1x13.6x1.5x
Mon, 16 Jan 2023ISK 2.2tISK 1.4tISK 143.5b11.6x15.1x1.5x
Wed, 14 Dec 2022ISK 2.2tISK 1.4tISK 143.0b12.2x15.4x1.5x
Fri, 11 Nov 2022ISK 2.2tISK 1.4tISK 147.3b12.4x14.8x1.5x
Sun, 09 Oct 2022ISK 2.1tISK 1.3tISK 134.9b10.8x15.7x1.7x
Tue, 06 Sep 2022ISK 2.3tISK 1.2tISK 131.8b11.9x17.2x1.8x
Thu, 04 Aug 2022ISK 2.3tISK 1.2tISK 128.1b13.4x18.1x1.9x
Price to Earnings Ratio

18.1x


Total Market Cap: ISK 2.3tTotal Earnings: ISK 128.1bTotal Revenue: ISK 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Market Price to Earnings3Y Average 15.5x202320242025
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 15.5x.
Past Earnings Growth
  • Both revenue and earnings for Icelandic listed companies have remained mostly flat over the last three years.
  • This means sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Sector Trends

Which sectors have driven the changes within the Icelandic Market?

IS Market-0.074%
Real Estate1.30%
Financials1.06%
Tech0%0
Telecom-0.18%
Consumer Staples-0.57%
Consumer Discretionary-1.94%
Industrials-3.10%
Sector PE
  • Investors favour the Consumer Staples sector the most for future growth, which is trading close to its 3-year average PE ratio of 22.5x.
    • 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.
  • 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
ISB Íslandsbanki hfISK 126.501.6%
+ISK 3.7b		24.6%PB1.1xFinancials
BRIM Brim hfISK 57.501.8%
+ISK 1.9b		-19.7%PE17.9xConsumer Staples
KVIKA Kvika banki hfISK 18.152.3%
+ISK 1.8b		19.4%PE20.6xFinancials
EIK Eik fasteignafélag hfISK 13.902.2%
+ISK 1.0b		40.4%PE8.2xReal Estate
SKAGI Skagi hfISK 19.652.3%
+ISK 853.4m		31.0%PE23.1xFinancials
See more

Market Insights

Header cover image

Who Will Win In The Age Of Agentic AI

Bailey Pemberton avatar
Bailey Pemberton
|
|
Companies across the globe are beginning to pay attention to agentic AI. It’s also a term you’re likely to hear a lot during earnings season. In fact, it came up 26 times during...
Continue reading
🇪🇺 🇬🇧 Momentum Is Returning to European and UK Markets
Last Week

🇪🇺 🇬🇧 Momentum Is Returning to European and UK Markets

Latest News

ARION
ISK 175.50
Arion banki hf
7D
0.3%
1Y
32.0%
ICEAIR
ISK 1.04
Icelandair Group hf
7D
-5.9%
1Y
20.4%
SIMINN
ISK 13.60
Síminn hf
7D
-1.1%
1Y
41.7%

Return Trends At Síminn hf (ICE:SIMINN) Aren't Appealing

Jul 23
Return Trends At Síminn hf (ICE:SIMINN) Aren't Appealing
KVIKA
ISK 18.15
Kvika banki hf
7D
2.3%
1Y
19.4%
OLGERD
ISK 17.80
Ölgerðin Egill Skallagrímsson hf
7D
-2.2%
1Y
1.7%
HAGA
ISK 106.00
Hagar hf
7D
-1.9%
1Y
26.2%
EIM
ISK 358.00
Eimskipafélag Íslands hf
7D
-3.2%
1Y
2.9%
REITIR
ISK 114.00
Reitir fasteignafélag hf
7D
0.9%
1Y
35.7%
HEIMAR
ISK 37.60
Heimar hf
7D
1.1%
1Y
52.8%

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
ISB
ISK 126.50
Íslandsbanki hf
7D
1.6%
1Y
24.6%
BRIM
ISK 57.50
Brim hf
7D
1.8%
1Y
-19.7%
HAMP
ISK 115.00
Hampiðjan hf
7D
-0.9%
1Y
-3.4%
EIK
ISK 13.90
Eik fasteignafélag hf
7D
2.2%
1Y
40.4%

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 19.65
Skagi hf
7D
2.3%
1Y
31.0%
FESTI
ISK 302.00
Festi hf
7D
-2.6%
1Y
45.2%
ISF
ISK 105.00
Ísfélag hf
7D
-1.9%
1Y
-31.3%