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Icelandic (OMX) Financials Sector Analysis

UpdatedDec 10, 2025
DataAggregated Company Financials
Companies5
  • 7D5.1%
  • 3M5.9%
  • 1Y12.3%
  • YTD5.9%

The Financials industry is up 5.1% in the last week, with Íslandsbanki hf up 6.8%. In the last 12 months, the industry was up 12%. Looking forward, earnings are forecast to decline by 1.1% per year.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 10 Dec 2025ISK 689.4bISK 227.4bISK 68.3b14.8x10.1x3x
Fri, 07 Nov 2025ISK 624.1bISK 227.4bISK 68.3b14.1x9.1x2.7x
Sun, 05 Oct 2025ISK 637.7bISK 226.0bISK 68.3b12.8x9.3x2.8x
Tue, 02 Sep 2025ISK 631.1bISK 226.0bISK 68.3b13.1x9.2x2.8x
Thu, 31 Jul 2025ISK 648.9bISK 222.2bISK 61.4b14.1x10.6x2.9x
Sat, 28 Jun 2025ISK 609.9bISK 220.9bISK 60.0b16.2x10.2x2.8x
Mon, 26 May 2025ISK 618.1bISK 220.9bISK 60.0b17.2x10.3x2.8x
Wed, 23 Apr 2025ISK 565.1bISK 217.0bISK 61.5b11.9x9.2x2.6x
Fri, 21 Mar 2025ISK 634.3bISK 217.0bISK 61.5b12.6x10.3x2.9x
Sun, 16 Feb 2025ISK 676.9bISK 214.9bISK 60.0b14.5x11.3x3.1x
Tue, 14 Jan 2025ISK 673.0bISK 208.8bISK 56.6b15.6x11.9x3.2x
Thu, 12 Dec 2024ISK 633.8bISK 208.8bISK 56.6b13.9x11.2x3x
Sat, 09 Nov 2024ISK 638.3bISK 203.9bISK 56.1b13.8x11.4x3.1x
Mon, 07 Oct 2024ISK 603.9bISK 203.9bISK 52.5b11.8x11.5x3x
Wed, 04 Sep 2024ISK 545.5bISK 203.4bISK 52.5b10.9x10.4x2.7x
Fri, 02 Aug 2024ISK 527.7bISK 203.6bISK 53.5b10.6x9.9x2.6x
Sun, 30 Jun 2024ISK 502.8bISK 202.6bISK 56.4b9.7x8.9x2.5x
Tue, 28 May 2024ISK 528.0bISK 201.6bISK 56.5b9.8x9.3x2.6x
Thu, 25 Apr 2024ISK 548.0bISK 203.7bISK 58.9b10x9.3x2.7x
Sat, 23 Mar 2024ISK 563.9bISK 203.4bISK 59.1b10.2x9.5x2.8x
Mon, 19 Feb 2024ISK 599.0bISK 208.2bISK 61.2b11x9.8x2.9x
Wed, 17 Jan 2024ISK 625.3bISK 205.3bISK 58.7b12.4x10.6x3x
Fri, 15 Dec 2023ISK 575.8bISK 205.3bISK 58.7b11.5x9.8x2.8x
Sun, 12 Nov 2023ISK 528.9bISK 205.3bISK 58.7b10.1x9x2.6x
Tue, 10 Oct 2023ISK 542.9bISK 200.6bISK 58.5b11.8x9.3x2.7x
Thu, 07 Sep 2023ISK 578.6bISK 201.4bISK 58.5b13.3x9.9x2.9x
Sat, 05 Aug 2023ISK 599.9bISK 198.9bISK 58.1b13.9x10.3x3x
Mon, 03 Jul 2023ISK 575.9bISK 194.9bISK 54.1b13.9x10.6x3x
Wed, 31 May 2023ISK 576.8bISK 194.3bISK 54.5b14.4x10.6x3x
Fri, 28 Apr 2023ISK 618.9bISK 187.1bISK 51.8b15.7x11.9x3.3x
Sun, 26 Mar 2023ISK 578.6bISK 187.1bISK 51.8b14.1x11.2x3.1x
Tue, 21 Feb 2023ISK 649.0bISK 187.8bISK 52.3b15.5x12.4x3.5x
Thu, 19 Jan 2023ISK 627.3bISK 187.5bISK 54.6b12.1x11.5x3.3x
Sat, 17 Dec 2022ISK 623.1bISK 187.5bISK 54.6b11.6x11.4x3.3x
Price to Earnings Ratio

11.4x


Total Market Cap: ISK 623.1bTotal Earnings: ISK 54.6bTotal Revenue: ISK 187.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Financials Sector Price to Earnings3Y Average 10.3x202320242025
Current Industry PE
  • Investors are relatively neutral on the Icelandic Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 10.3x.
  • 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 Market2.72%
Financials5.14%
Capital Markets5.90%
Banks5.72%
Insurance1.34%
Industry PE
  • Investors are most optimistic about the Capital Markets industry even though it's trading below its 3-year average PE ratio of 21.0x.
    • 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 close to its 3-year average of 9.0x.
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
ISB Íslandsbanki hfISK 142.006.8%
+ISK 16.3b		16.4%PB1.1x
ARION Arion banki hfISK 189.004.7%
+ISK 11.8b		19.6%PB1.2x
KVIKA Kvika banki hfISK 17.955.9%
+ISK 4.4b		-5.5%PE17.1x
SJOVA Sjóvá-Almennar tryggingar hfISK 44.204.0%
+ISK 2.0b		-2.6%PE14.8x

Latest News

SKAGI
ISK 21.00
Skagi hf
7D
-1.9%
1Y
6.9%

Investor Optimism Abounds Skagi hf. (ICE:SKAGI) But Growth Is Lacking

Dec 05
Investor Optimism Abounds Skagi hf. (ICE:SKAGI) But Growth Is Lacking
SJOVA
ISK 44.20
Sjóvá-Almennar tryggingar hf
7D
4.0%
1Y
-2.6%
ISB
ISK 142.00
Íslandsbanki hf
7D
6.8%
1Y
16.4%
KVIKA
ISK 17.95
Kvika banki hf
7D
5.9%
1Y
-5.5%
ARION
ISK 189.00
Arion banki hf
7D
4.7%
1Y
19.6%