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Icelandic (OMX) Financials Sector Analysis

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies5
  • 7D1.1%
  • 3M-1.8%
  • 1Y3.2%
  • YTD-3.1%

The Financials industry is up 2.1% in the last week, with Íslandsbanki hf up 2.5%. The industry has been flat over the past 12 months despite the gain this week. 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
Fri, 14 Nov 2025ISK 623.5bISK 227.4bISK 68.3b14.2x9.1x2.7x
Sun, 12 Oct 2025ISK 637.2bISK 226.0bISK 68.3b12.9x9.3x2.8x
Tue, 09 Sep 2025ISK 641.7bISK 226.0bISK 68.3b13.1x9.4x2.8x
Thu, 07 Aug 2025ISK 641.2bISK 224.9bISK 67.6b13.9x9.5x2.9x
Sat, 05 Jul 2025ISK 636.6bISK 220.9bISK 60.0b16.4x10.6x2.9x
Mon, 02 Jun 2025ISK 639.7bISK 220.9bISK 60.0b17.6x10.7x2.9x
Wed, 30 Apr 2025ISK 575.3bISK 217.0bISK 61.5b12.1x9.4x2.7x
Fri, 28 Mar 2025ISK 625.4bISK 217.0bISK 61.5b12.8x10.2x2.9x
Sun, 23 Feb 2025ISK 679.3bISK 214.7bISK 60.1b14.2x11.3x3.2x
Tue, 21 Jan 2025ISK 662.0bISK 208.8bISK 56.6b15.7x11.7x3.2x
Thu, 19 Dec 2024ISK 648.8bISK 208.8bISK 56.6b14.6x11.5x3.1x
Sat, 16 Nov 2024ISK 633.1bISK 207.6bISK 56.8b13.6x11.2x3x
Mon, 14 Oct 2024ISK 604.9bISK 203.9bISK 52.5b11.8x11.5x3x
Wed, 11 Sep 2024ISK 535.1bISK 203.9bISK 52.5b10.7x10.2x2.6x
Fri, 09 Aug 2024ISK 524.6bISK 203.6bISK 53.5b10.4x9.8x2.6x
Sun, 07 Jul 2024ISK 529.2bISK 202.6bISK 56.4b9.7x9.4x2.6x
Tue, 04 Jun 2024ISK 520.7bISK 202.7bISK 56.4b9.6x9.2x2.6x
Thu, 02 May 2024ISK 549.8bISK 202.4bISK 57.0b9.9x9.6x2.7x
Sat, 30 Mar 2024ISK 552.0bISK 203.4bISK 59.1b9.9x9.3x2.7x
Mon, 26 Feb 2024ISK 605.2bISK 201.9bISK 59.4b11x10.2x3x
Wed, 24 Jan 2024ISK 632.5bISK 205.3bISK 58.7b12.9x10.8x3.1x
Fri, 22 Dec 2023ISK 588.4bISK 205.3bISK 58.7b12x10x2.9x
Sun, 19 Nov 2023ISK 531.3bISK 205.3bISK 58.7b9.8x9x2.6x
Tue, 17 Oct 2023ISK 538.8bISK 202.1bISK 57.7b13.5x9.3x2.7x
Thu, 14 Sep 2023ISK 566.8bISK 201.4bISK 58.5b13.2x9.7x2.8x
Sat, 12 Aug 2023ISK 596.8bISK 198.9bISK 58.1b13.9x10.3x3x
Mon, 10 Jul 2023ISK 598.5bISK 194.9bISK 54.1b14.6x11.1x3.1x
Wed, 07 Jun 2023ISK 569.4bISK 195.9bISK 54.1b14.2x10.5x2.9x
Fri, 05 May 2023ISK 596.1bISK 187.1bISK 51.8b15.1x11.5x3.2x
Sun, 02 Apr 2023ISK 604.6bISK 187.1bISK 51.8b15.6x11.7x3.2x
Tue, 28 Feb 2023ISK 646.4bISK 187.1bISK 51.8b15.2x12.5x3.5x
Thu, 26 Jan 2023ISK 610.5bISK 187.5bISK 54.6b12x11.2x3.3x
Sat, 24 Dec 2022ISK 615.5bISK 187.5bISK 54.6b11.7x11.3x3.3x
Mon, 21 Nov 2022ISK 650.5bISK 187.5bISK 54.6b12.2x11.9x3.5x
Price to Earnings Ratio

11.9x


Total Market Cap: ISK 650.5bTotal 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 9.1x 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 Market0.43%
Financials1.12%
Banks1.47%
Capital Markets0.30%
Insurance-0.06%
Industry PE
  • Investors are most optimistic about the Insurance industry, which is trading close to its 3-year average PE ratio of 16.3x.
    • 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
ISB Íslandsbanki hfISK 125.002.5%
+ISK 5.5b		0%PB1x
ARION Arion banki hfISK 176.500.6%
+ISK 1.4b		14.2%PB1.2x
SKAGI Skagi hfISK 19.602.1%
+ISK 758.5m		4.8%PE19.6x
KVIKA Kvika banki hfISK 16.800.3%
+ISK 220.8m		-11.1%PE16x

Latest News

KVIKA
ISK 16.80
Kvika banki hf
7D
0.3%
1Y
-11.1%
ISB
ISK 125.00
Íslandsbanki hf
7D
2.5%
1Y
0%
SKAGI
ISK 19.60
Skagi hf
7D
2.1%
1Y
4.8%
ARION
ISK 176.50
Arion banki hf
7D
0.6%
1Y
14.2%
SJOVA
ISK 41.60
Sjóvá-Almennar tryggingar hf
7D
-1.7%
1Y
-6.7%