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Icelandic (OMX) Financials Sector Analysis

UpdatedApr 29, 2026
DataAggregated Company Financials
Companies5
  • 7D0.4%
  • 3M-4.3%
  • 1Y19.6%
  • YTD-6.2%

Over the last 7 days, the Financials industry has remained flat, although notably Skagi hf gained 3.8%. As for the the longer term, the industry is up 17% over the past 12 months. Earnings are forecast to grow by 1.8% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 29 Apr 2026ISK 650.8bISK 228.7bISK 64.2b15.4x10.1x2.8x
Fri, 27 Mar 2026ISK 623.2bISK 228.7bISK 64.2b16.9x9.7x2.7x
Sun, 22 Feb 2026ISK 683.4bISK 228.7bISK 64.2b18.2x10.6x3x
Tue, 20 Jan 2026ISK 710.3bISK 227.4bISK 68.3b14.5x10.4x3.1x
Thu, 18 Dec 2025ISK 691.5bISK 227.4bISK 68.3b14.4x10.1x3x
Sat, 15 Nov 2025ISK 634.7bISK 227.4bISK 68.3b14x9.3x2.8x
Mon, 13 Oct 2025ISK 637.2bISK 226.0bISK 68.3b12.9x9.3x2.8x
Wed, 10 Sep 2025ISK 641.7bISK 226.0bISK 68.3b13.1x9.4x2.8x
Fri, 08 Aug 2025ISK 642.8bISK 224.9bISK 67.6b13.6x9.5x2.9x
Sun, 06 Jul 2025ISK 636.6bISK 220.9bISK 60.0b16.4x10.6x2.9x
Tue, 03 Jun 2025ISK 632.9bISK 220.9bISK 60.0b17.7x10.5x2.9x
Thu, 01 May 2025ISK 562.8bISK 217.0bISK 61.5b11.8x9.2x2.6x
Sat, 29 Mar 2025ISK 618.4bISK 217.0bISK 61.5b12.7x10.1x2.8x
Mon, 24 Feb 2025ISK 679.3bISK 214.7bISK 60.1b14.2x11.3x3.2x
Wed, 22 Jan 2025ISK 667.4bISK 208.8bISK 56.6b15.7x11.8x3.2x
Fri, 20 Dec 2024ISK 646.1bISK 208.8bISK 56.6b14.6x11.4x3.1x
Sun, 17 Nov 2024ISK 633.1bISK 207.6bISK 56.8b13.6x11.2x3x
Tue, 15 Oct 2024ISK 604.9bISK 203.9bISK 52.5b11.8x11.5x3x
Thu, 12 Sep 2024ISK 530.6bISK 203.9bISK 52.5b10.6x10.1x2.6x
Sat, 10 Aug 2024ISK 532.0bISK 203.6bISK 53.5b10.5x9.9x2.6x
Mon, 08 Jul 2024ISK 529.2bISK 202.6bISK 56.4b9.7x9.4x2.6x
Wed, 05 Jun 2024ISK 515.8bISK 202.6bISK 56.4b9.6x9.1x2.5x
Fri, 03 May 2024ISK 538.3bISK 202.4bISK 57.0b9.8x9.4x2.7x
Sun, 31 Mar 2024ISK 552.0bISK 203.4bISK 59.1b9.9x9.3x2.7x
Tue, 27 Feb 2024ISK 600.2bISK 201.9bISK 59.4b11.1x10.1x3x
Thu, 25 Jan 2024ISK 634.2bISK 205.3bISK 58.7b12.9x10.8x3.1x
Sat, 23 Dec 2023ISK 586.8bISK 205.3bISK 58.7b11.8x10x2.9x
Mon, 20 Nov 2023ISK 531.3bISK 205.3bISK 58.7b9.8x9x2.6x
Wed, 18 Oct 2023ISK 538.8bISK 202.1bISK 57.7b13.5x9.3x2.7x
Fri, 15 Sep 2023ISK 568.4bISK 201.4bISK 58.5b13.1x9.7x2.8x
Sun, 13 Aug 2023ISK 596.8bISK 200.3bISK 58.5b13.9x10.2x3x
Tue, 11 Jul 2023ISK 596.6bISK 194.9bISK 54.1b14.3x11x3.1x
Thu, 08 Jun 2023ISK 563.8bISK 195.9bISK 54.1b13.9x10.4x2.9x
Sat, 06 May 2023ISK 597.5bISK 192.4bISK 53.4b14.9x11.2x3.1x
Price to Earnings Ratio

11.2x


Total Market Cap: ISK 597.5bTotal Earnings: ISK 53.4bTotal Revenue: ISK 192.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Financials Sector Price to Earnings3Y Average 10.2x202420252026
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 10.2x.
  • 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 7.4% per year over the last three years.
  • Revenues for these companies have grown 6.9% 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 Market1.39%
Financials0.36%
Insurance2.56%
Capital Markets1.97%
Banks-0.20%
Industry PE
  • Investors are most optimistic about the Insurance industry which is trading above its 3-year average PE ratio of 16.5x.
    • 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 8.8x.
Forecasted Growth
  • Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 1.8% over the next 5 years.
  • However this is lower than its past earnings growth rate of 11% 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
SKAGI Skagi hfISK 18.903.8%
+ISK 1.4b		-1.6%PE19.3x
KVIKA Kvika banki hfISK 15.552.0%
+ISK 1.3b		15.2%PE15.4x
SJOVA Sjóvá-Almennar tryggingar hfISK 39.401.5%
+ISK 697.0m		-11.3%PE22.2x

Latest News

KVIKA
ISK 15.55
Kvika banki hf
7D
2.0%
1Y
15.2%
SKAGI
ISK 18.90
Skagi hf
7D
3.8%
1Y
-1.6%
SJOVA
ISK 39.40
Sjóvá-Almennar tryggingar hf
7D
1.5%
1Y
-11.3%
ISB
ISK 145.40
Íslandsbanki hf
7D
-0.4%
1Y
31.0%