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Icelandic (OMX) Financials Sector Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies5
  • 7D-1.5%
  • 3M-0.3%
  • 1Y3.7%
  • YTD-2.9%

Over the last 7 days, the Financials industry has dropped 1.5%, driven by Arion banki hf declining 1.9%. This takes the industry's 12 month performance to a gain of 3.7%. As for the next few years, earnings are forecast to decline by 1.1% per annum.

Sector Valuation and Performance

Has the Icelandic Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 24 Nov 2025ISK 631.3bISK 227.4bISK 68.3b13.8x9.2x2.8x
Wed, 22 Oct 2025ISK 649.6bISK 226.0bISK 68.3b13.1x9.5x2.9x
Fri, 19 Sep 2025ISK 652.2bISK 226.0bISK 68.3b13.1x9.6x2.9x
Sun, 17 Aug 2025ISK 646.4bISK 226.0bISK 68.3b13.4x9.5x2.9x
Tue, 15 Jul 2025ISK 628.0bISK 220.9bISK 60.0b16.1x10.5x2.8x
Thu, 12 Jun 2025ISK 628.1bISK 220.9bISK 60.0b17.3x10.5x2.8x
Sat, 10 May 2025ISK 584.0bISK 221.4bISK 61.0b12.4x9.6x2.6x
Mon, 07 Apr 2025ISK 567.3bISK 217.0bISK 61.5b11.5x9.2x2.6x
Wed, 05 Mar 2025ISK 628.0bISK 218.4bISK 61.5b13.1x10.2x2.9x
Fri, 31 Jan 2025ISK 666.5bISK 208.8bISK 56.6b15.9x11.8x3.2x
Sun, 29 Dec 2024ISK 662.6bISK 208.8bISK 56.6b14.8x11.7x3.2x
Tue, 26 Nov 2024ISK 628.7bISK 207.6bISK 56.8b13.8x11.1x3x
Thu, 24 Oct 2024ISK 627.8bISK 204.0bISK 52.2b14x12x3.1x
Sat, 21 Sep 2024ISK 542.0bISK 203.9bISK 52.5b10.9x10.3x2.7x
Mon, 19 Aug 2024ISK 542.0bISK 203.4bISK 53.6b10.7x10.1x2.7x
Wed, 17 Jul 2024ISK 520.2bISK 202.6bISK 56.4b9.7x9.2x2.6x
Fri, 14 Jun 2024ISK 520.2bISK 202.6bISK 56.4b9.9x9.2x2.6x
Sun, 12 May 2024ISK 532.3bISK 201.6bISK 56.5b9.8x9.4x2.6x
Tue, 09 Apr 2024ISK 560.5bISK 203.4bISK 59.1b9.7x9.5x2.8x
Thu, 07 Mar 2024ISK 595.0bISK 200.5bISK 59.1b10.9x10.1x3x
Sat, 03 Feb 2024ISK 618.4bISK 205.3bISK 58.7b13.3x10.5x3x
Mon, 01 Jan 2024ISK 600.6bISK 205.3bISK 58.7b12x10.2x2.9x
Wed, 29 Nov 2023ISK 536.2bISK 205.3bISK 58.7b10.2x9.1x2.6x
Fri, 27 Oct 2023ISK 539.3bISK 202.1bISK 57.7b13.3x9.3x2.7x
Sun, 24 Sep 2023ISK 557.5bISK 201.3bISK 57.7b14.5x9.7x2.8x
Tue, 22 Aug 2023ISK 600.5bISK 200.3bISK 58.5b13.9x10.3x3x
Thu, 20 Jul 2023ISK 601.5bISK 194.9bISK 54.1b14.4x11.1x3.1x
Sat, 17 Jun 2023ISK 566.1bISK 194.9bISK 54.1b13.8x10.5x2.9x
Mon, 15 May 2023ISK 586.6bISK 193.8bISK 53.2b14.8x11x3x
Wed, 12 Apr 2023ISK 602.7bISK 187.1bISK 51.8b15.7x11.6x3.2x
Fri, 10 Mar 2023ISK 628.6bISK 187.1bISK 51.8b14.8x12.1x3.4x
Sun, 05 Feb 2023ISK 633.3bISK 187.5bISK 54.6b12.2x11.6x3.4x
Tue, 03 Jan 2023ISK 614.6bISK 187.5bISK 54.6b11.7x11.3x3.3x
Thu, 01 Dec 2022ISK 650.0bISK 187.5bISK 54.6b12.1x11.9x3.5x
Price to Earnings Ratio

11.9x


Total Market Cap: ISK 650.0bTotal Earnings: ISK 54.6bTotal Revenue: ISK 187.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Financials Sector Price to Earnings3Y Average 10.4x202320242025
Current Industry PE
  • Investors are pessimistic on the Icelandic Financials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 9.2x which is lower than its 3-year average PE of 10.4x.
  • The industry is trading close to its 3-year average PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 7.8% per year over the last three years.
  • Revenues for these companies have grown 6.6% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Icelandic Financials sector?

IS Market-0.33%
Financials-1.47%
Insurance-0.50%
Capital Markets-0.74%
Banks-1.76%
Industry PE
  • Investors are most optimistic about the Insurance industry, which is trading close to its 3-year average PE ratio of 16.4x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Banks industry, which is trading below its 3-year average of 9.1x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Banks industry since they expect its earnings to decline by only 1.1% per year over the next 5 years, which isn't as bad as the other industries.
  • This is a reversal from its past annual earnings growth rate of 21% per year.
  • In contrast, the Banks 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 Price7D1YValuation
No data available

Latest News

SKAGI
ISK 19.70
Skagi hf
7D
-1.7%
1Y
3.7%
ARION
ISK 178.50
Arion banki hf
7D
-0.6%
1Y
15.9%
SJOVA
ISK 40.40
Sjóvá-Almennar tryggingar hf
7D
-2.4%
1Y
-9.8%