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Icelandic (OMX) Market Analysis & Valuation

UpdatedJun 09, 2026
DataAggregated Company Financials
Companies26
  • 7D-0.2%
  • 3M-1.9%
  • 1Y5.2%
  • YTD-1.9%

The market has been flat over the last week. As for the longer term, the market has risen 5.2% in the past 12 months. In the next few years earnings are forecast to be pretty stable.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 09 Jun 2026ISK 1.9tISK 1.4tISK 147.9b13.9x12.5x1.3x
Thu, 07 May 2026ISK 1.9tISK 1.3tISK 134.7b14.3x13.9x1.4x
Sat, 04 Apr 2026ISK 1.8tISK 1.3tISK 134.4b16.5x13.3x1.4x
Mon, 02 Mar 2026ISK 1.9tISK 1.3tISK 132.4b18x14.6x1.5x
Wed, 28 Jan 2026ISK 2.1tISK 1.3tISK 136.7b16.8x15.1x1.6x
Fri, 26 Dec 2025ISK 1.9tISK 1.3tISK 136.9b15.4x13.8x1.4x
Sun, 23 Nov 2025ISK 1.8tISK 1.3tISK 133.8b15.5x13.3x1.4x
Tue, 21 Oct 2025ISK 1.8tISK 1.3tISK 133.3b16.6x13.5x1.4x
Thu, 18 Sep 2025ISK 1.8tISK 1.3tISK 124.0b16.7x14.6x1.4x
Sat, 16 Aug 2025ISK 1.8tISK 1.3tISK 128.1b16.6x13.9x1.4x
Mon, 14 Jul 2025ISK 1.8tISK 1.3tISK 117.5b17x14.9x1.4x
Wed, 11 Jun 2025ISK 1.8tISK 1.3tISK 118.2b18.6x15.1x1.4x
Fri, 09 May 2025ISK 1.7tISK 1.3tISK 122.5b14.8x13.7x1.3x
Sun, 06 Apr 2025ISK 1.7tISK 1.3tISK 120.7b14.9x13.8x1.3x
Tue, 04 Mar 2025ISK 1.9tISK 1.3tISK 117.6b18.6x15.8x1.4x
Thu, 30 Jan 2025ISK 1.9tISK 1.3tISK 108.1b16.1x17.7x1.5x
Sat, 28 Dec 2024ISK 1.9tISK 1.3tISK 107.8b15.9x17.5x1.5x
Mon, 25 Nov 2024ISK 2.3tISK 1.5tISK 110.1b16.9x20.6x1.5x
Wed, 23 Oct 2024ISK 2.1tISK 1.5tISK 102.5b19.5x20.8x1.4x
Fri, 20 Sep 2024ISK 2.0tISK 1.5tISK 104.4b16.2x19.3x1.3x
Sun, 18 Aug 2024ISK 2.0tISK 1.5tISK 113.8b16.2x17.9x1.3x
Tue, 16 Jul 2024ISK 1.9tISK 1.5tISK 129.2b16.1x15x1.3x
Thu, 13 Jun 2024ISK 1.9tISK 1.5tISK 127.8b16x15x1.3x
Sat, 11 May 2024ISK 1.9tISK 1.5tISK 131.6b15.4x14.8x1.3x
Mon, 08 Apr 2024ISK 2.0tISK 1.5tISK 130.5b16.2x15.6x1.3x
Wed, 06 Mar 2024ISK 2.1tISK 1.5tISK 130.3b16.3x16x1.4x
Fri, 02 Feb 2024ISK 2.2tISK 1.5tISK 147.5b16.2x14.9x1.4x
Sun, 31 Dec 2023ISK 2.1tISK 1.5tISK 148.0b15.1x14.4x1.4x
Tue, 28 Nov 2023ISK 1.8tISK 1.5tISK 148.1b13.1x12.3x1.2x
Thu, 26 Oct 2023ISK 1.7tISK 1.5tISK 153.1b13.6x11.3x1.1x
Sat, 23 Sep 2023ISK 1.9tISK 1.5tISK 147.0b15.9x12.8x1.3x
Mon, 21 Aug 2023ISK 2.1tISK 1.5tISK 147.9b16.7x14x1.4x
Wed, 19 Jul 2023ISK 2.0tISK 1.5tISK 144.1b15.2x14x1.3x
Fri, 16 Jun 2023ISK 2.0tISK 1.5tISK 146.7b14.4x13.4x1.3x
Price to Earnings Ratio

13.4x


Total Market Cap: ISK 2.0tTotal Earnings: ISK 146.7bTotal Revenue: ISK 1.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Market Price to Earnings3Y Average 15.1x202420252026
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 12.5x which is lower than its 3-year average PE of 15.1x.
Past Earnings Growth
  • The earnings for Icelandic listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have declined 3.1% per year.
  • This means that the cost of doing business could be reducing since sales have declined yet profits have remained steady.

Sector Trends

Which sectors have driven the changes within the Icelandic Market?

IS Market-0.22%
Real Estate1.65%
Consumer Staples1.06%
Telecom0.22%
Tech0%0
Consumer Discretionary-0.053%
Industrials-0.33%
Financials-2.26%
Sector PE
  • Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 13.7x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
  • The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 9.1x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Financials sector.
  • They expect its earnings to decline by only 0.6% 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 15% 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 114.002.7%
+ISK 5.5b		37.3%PE17.6xConsumer Staples
HEIMAR Heimar hfISK 35.202.9%
+ISK 1.9b		-6.9%PE7.4xReal Estate
ISF Ísfélag hfISK 150.001.4%
+ISK 1.6b		13.6%PE66.9xConsumer Staples
EIM Eimskipafélag Íslands hfISK 234.004.5%
+ISK 1.6b		-40.0%PE46.4xIndustrials
KALD Kaldalón hfISK 26.004.0%
+ISK 1.1b		4.0%PE9.7xReal Estate
See more

Market Insights

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Latest News

EIM
ISK 234.00
Eimskipafélag Íslands hf
7D
4.5%
1Y
-40.0%
KVIKA
ISK 13.60
Kvika banki hf
7D
-15.5%
1Y
-24.2%
BRIM
ISK 88.00
Brim hf
7D
0.6%
1Y
35.4%
SVN
ISK 114.00
Sildarvinnslan Hf
7D
2.7%
1Y
37.3%
NOVA
ISK 3.44
Nova Klúbburinn hf
7D
-3.9%
1Y
-29.2%
HAGA
ISK 124.00
Hagar hf
7D
-0.8%
1Y
18.1%
SKAGI
ISK 18.70
Skagi hf
7D
2.2%
1Y
-2.1%
ARION
ISK 192.50
Arion banki hf
7D
-0.8%
1Y
13.6%
SKEL
ISK 15.90
Skel fjárfestingafélag hf
7D
-1.2%
1Y
-9.1%
ICEAIR
ISK 0.67
Icelandair Group hf
7D
-3.7%
1Y
-38.2%
ISF
ISK 150.00
Ísfélag hf
7D
1.4%
1Y
13.6%
KALD
ISK 26.00
Kaldalón hf
7D
4.0%
1Y
4.0%
HEIMAR
ISK 35.20
Heimar hf
7D
2.9%
1Y
-6.9%
HAMP
ISK 83.00
Hampiðjan hf
7D
-1.8%
1Y
-29.1%
ISB
ISK 142.80
Íslandsbanki hf
7D
-1.1%
1Y
19.5%
REITIR
ISK 119.00
Reitir fasteignafélag hf
7D
1.3%
1Y
1.3%