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Icelandic (OMX) Market Analysis & Valuation

UpdatedApr 09, 2026
DataAggregated Company Financials
Companies26
  • 7D1.2%
  • 3M-4.5%
  • 1Y12.1%
  • YTD-5.0%

In the last week, the market has stayed flat, however the Industrials sector stood out, gaining 3.3%. More promisingly, the market is up 8.7% over the past year. As for the next few years, earnings are expected to grow by 1.8% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 09 Apr 2026ISK 1.8tISK 1.3tISK 134.5b16.6x13.5x1.4x
Sat, 07 Mar 2026ISK 1.9tISK 1.3tISK 132.7b17.2x14.4x1.4x
Mon, 02 Feb 2026ISK 2.1tISK 1.3tISK 135.7b17x15.2x1.6x
Wed, 31 Dec 2025ISK 1.9tISK 1.3tISK 136.8b15.7x14x1.5x
Fri, 28 Nov 2025ISK 1.8tISK 1.3tISK 135.3b15.2x13.5x1.4x
Sun, 26 Oct 2025ISK 1.8tISK 1.3tISK 132.0b15.4x13.6x1.4x
Tue, 23 Sep 2025ISK 1.8tISK 1.3tISK 124.0b16.6x14.5x1.4x
Thu, 21 Aug 2025ISK 1.8tISK 1.3tISK 129.4b16.5x13.6x1.3x
Sat, 19 Jul 2025ISK 1.8tISK 1.3tISK 120.4b16.8x14.6x1.4x
Mon, 16 Jun 2025ISK 1.8tISK 1.3tISK 118.2b17.2x14.9x1.4x
Wed, 14 May 2025ISK 1.7tISK 1.3tISK 123.2b16x13.7x1.3x
Fri, 11 Apr 2025ISK 1.7tISK 1.3tISK 120.8b14.6x13.7x1.3x
Sun, 09 Mar 2025ISK 1.8tISK 1.3tISK 118.3b18x15.6x1.4x
Tue, 04 Feb 2025ISK 1.9tISK 1.3tISK 109.0b15.9x17.6x1.5x
Thu, 02 Jan 2025ISK 1.9tISK 1.3tISK 107.7b16.2x17.6x1.5x
Sat, 30 Nov 2024ISK 2.3tISK 1.5tISK 109.5b17.2x21.1x1.5x
Mon, 28 Oct 2024ISK 2.2tISK 1.5tISK 101.5b20x21.6x1.4x
Wed, 25 Sep 2024ISK 2.1tISK 1.5tISK 104.3b16.6x19.7x1.3x
Fri, 23 Aug 2024ISK 2.0tISK 1.5tISK 112.1b16.1x18.1x1.3x
Sun, 21 Jul 2024ISK 2.0tISK 1.5tISK 127.1b15.5x15.6x1.3x
Tue, 18 Jun 2024ISK 1.9tISK 1.5tISK 127.7b16.2x15.2x1.3x
Thu, 16 May 2024ISK 2.0tISK 1.5tISK 131.6b15.4x14.9x1.3x
Sat, 13 Apr 2024ISK 2.0tISK 1.5tISK 130.7b16.4x15.5x1.3x
Mon, 11 Mar 2024ISK 2.1tISK 1.5tISK 130.5b16.3x15.9x1.4x
Wed, 07 Feb 2024ISK 2.2tISK 1.5tISK 120.3b18.3x18.1x1.4x
Fri, 05 Jan 2024ISK 2.2tISK 1.5tISK 148.1b15x14.6x1.4x
Sun, 03 Dec 2023ISK 1.8tISK 1.5tISK 148.3b13.4x12.5x1.2x
Tue, 31 Oct 2023ISK 1.8tISK 1.5tISK 155.8b13.1x11.3x1.2x
Thu, 28 Sep 2023ISK 1.8tISK 1.5tISK 149.1b15.8x12.4x1.2x
Sat, 26 Aug 2023ISK 2.0tISK 1.5tISK 147.7b16.1x13.8x1.4x
Mon, 24 Jul 2023ISK 2.1tISK 1.5tISK 145.3b15.7x14.4x1.4x
Wed, 21 Jun 2023ISK 1.9tISK 1.5tISK 146.2b14.6x13.3x1.3x
Fri, 19 May 2023ISK 2.0tISK 1.5tISK 147.3b15x13.6x1.3x
Sun, 16 Apr 2023ISK 2.1tISK 1.5tISK 147.9b15.3x14.5x1.5x
Price to Earnings Ratio

14.5x


Total Market Cap: ISK 2.1tTotal Earnings: ISK 147.9bTotal 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 13.2x which is lower than its 3-year average PE of 15.1x.
Past Earnings Growth
  • The earnings for companies in the Icelandic industry have declined 3.1% per year over the last three years.
  • Revenues have also declined 3.6% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Sector Trends

Which sectors have driven the changes within the Icelandic Market?

IS Market1.21%
Industrials4.33%
Consumer Discretionary1.50%
Financials1.41%
Real Estate0.89%
Consumer Staples0.53%
Telecom0.38%
Tech0%0
Sector PE
  • Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 6.8x.
    • 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 9.3x.
Forecasted Growth
  • Analysts are most optimistic on the Financials sector, expecting annual earnings growth of 1.8% over the next 5 years.
  • This is better than its past earnings decline of 7.0% 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
ARION Arion banki hfISK 181.001.7%
+ISK 4.1b		27.5%PB1.1xFinancials
ISB Íslandsbanki hfISK 137.001.1%
+ISK 2.6b		21.2%PB1.1xFinancials
ICEAIR Icelandair Group hfISK 0.807.4%
+ISK 2.3b		-21.3%PS0.2xIndustrials
FESTI Festi hfISK 333.002.1%
+ISK 2.2b		18.9%PE16.5xConsumer Discretionary
EIM Eimskipafélag Íslands hfISK 268.004.7%
+ISK 1.9b		-26.4%PE31.1xIndustrials
See more

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SKEL
ISK 16.40
Skel fjárfestingafélag hf
7D
-0.6%
1Y
12.3%
ICESEA
ISK 4.72
Iceland Seafood International hf
7D
-2.9%
1Y
4.4%
NOVA
ISK 3.86
Nova Klúbburinn hf
7D
-3.5%
1Y
-10.6%
EIM
ISK 268.00
Eimskipafélag Íslands hf
7D
4.7%
1Y
-26.4%
HAMP
ISK 88.50
Hampiðjan hf
7D
2.3%
1Y
-16.5%
SVN
ISK 99.50
Sildarvinnslan Hf
7D
1.0%
1Y
19.9%
ICEAIR
ISK 0.80
Icelandair Group hf
7D
7.4%
1Y
-21.3%
FESTI
ISK 333.00
Festi hf
7D
2.1%
1Y
18.9%
ARION
ISK 181.00
Arion banki hf
7D
1.7%
1Y
27.5%
ISB
ISK 137.00
Íslandsbanki hf
7D
1.1%
1Y
21.2%
KVIKA
ISK 17.00
Kvika banki hf
7D
-0.3%
1Y
30.8%
ISF
ISK 143.00
Ísfélag hf
7D
1.4%
1Y
9.2%