Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Icelandic (OMX) Financials Sector Analysis

UpdatedOct 17, 2025
DataAggregated Company Financials
Companies5
  • 7D2.3%
  • 3M2.4%
  • 1Y12.1%
  • YTD0.09%

All of the companies in the Financials industry have been up over the last week, with the industry up 2.6%. This means that the industry has gained 12% over the past year. As for the next few years, earnings are forecast to decline by 1.8% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 17 Oct 2025ISK 653.3bISK 226.0bISK 68.3b13.4x9.6x2.9x
Sun, 14 Sep 2025ISK 661.3bISK 226.0bISK 68.3b13.2x9.7x2.9x
Tue, 12 Aug 2025ISK 652.1bISK 224.9bISK 67.6b13.6x9.6x2.9x
Thu, 10 Jul 2025ISK 632.5bISK 220.9bISK 60.0b16.2x10.5x2.9x
Sat, 07 Jun 2025ISK 631.8bISK 220.9bISK 60.0b17.3x10.5x2.9x
Mon, 05 May 2025ISK 570.5bISK 216.4bISK 60.0b11.9x9.5x2.6x
Wed, 02 Apr 2025ISK 596.0bISK 217.0bISK 61.5b12.5x9.7x2.7x
Fri, 28 Feb 2025ISK 664.3bISK 218.4bISK 61.5b14x10.8x3x
Sun, 26 Jan 2025ISK 670.3bISK 208.8bISK 56.6b16.2x11.8x3.2x
Tue, 24 Dec 2024ISK 662.2bISK 208.8bISK 56.6b14.7x11.7x3.2x
Thu, 21 Nov 2024ISK 633.5bISK 207.6bISK 56.8b14x11.2x3.1x
Sat, 19 Oct 2024ISK 599.3bISK 203.9bISK 52.5b11.7x11.4x2.9x
Mon, 16 Sep 2024ISK 532.6bISK 203.9bISK 52.5b10.6x10.1x2.6x
Wed, 14 Aug 2024ISK 524.9bISK 203.6bISK 53.5b10.5x9.8x2.6x
Fri, 12 Jul 2024ISK 520.4bISK 202.6bISK 56.4b9.7x9.2x2.6x
Sun, 09 Jun 2024ISK 514.2bISK 202.6bISK 56.4b9.7x9.1x2.5x
Tue, 07 May 2024ISK 531.4bISK 201.6bISK 56.5b9.9x9.4x2.6x
Thu, 04 Apr 2024ISK 542.9bISK 203.4bISK 59.1b9.5x9.2x2.7x
Sat, 02 Mar 2024ISK 599.8bISK 201.9bISK 59.4b10.9x10.1x3x
Mon, 29 Jan 2024ISK 631.4bISK 205.3bISK 58.7b12.9x10.8x3.1x
Wed, 27 Dec 2023ISK 586.8bISK 205.3bISK 58.7b11.8x10x2.9x
Fri, 24 Nov 2023ISK 524.8bISK 205.3bISK 58.7b9.9x8.9x2.6x
Sun, 22 Oct 2023ISK 526.4bISK 202.1bISK 57.7b13.1x9.1x2.6x
Tue, 19 Sep 2023ISK 567.2bISK 201.4bISK 58.5b13x9.7x2.8x
Thu, 17 Aug 2023ISK 607.2bISK 200.3bISK 58.5b14.3x10.4x3x
Sat, 15 Jul 2023ISK 586.2bISK 194.9bISK 54.1b14.1x10.8x3x
Mon, 12 Jun 2023ISK 576.5bISK 195.9bISK 54.1b14.3x10.7x2.9x
Wed, 10 May 2023ISK 583.2bISK 193.6bISK 53.5b14.7x10.9x3x
Fri, 07 Apr 2023ISK 597.7bISK 187.1bISK 51.8b15.6x11.5x3.2x
Sun, 05 Mar 2023ISK 637.1bISK 187.1bISK 51.8b15.1x12.3x3.4x
Tue, 31 Jan 2023ISK 614.0bISK 187.5bISK 54.6b11.9x11.2x3.3x
Thu, 29 Dec 2022ISK 613.3bISK 187.5bISK 54.6b11.6x11.2x3.3x
Sat, 26 Nov 2022ISK 660.8bISK 187.5bISK 54.6b12.3x12.1x3.5x
Mon, 24 Oct 2022ISK 608.2bISK 190.2bISK 60.8b10x10x3.2x
Price to Earnings Ratio

10x


Total Market Cap: ISK 608.2bTotal Earnings: ISK 60.8bTotal Revenue: ISK 190.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Financials Sector Price to Earnings3Y Average 10.4x202320242025
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 10.4x.
  • 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 3.9% per year over the last three years.
  • Revenues for these companies have grown 5.9% 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 Market0.023%
Financials2.31%
Insurance3.60%
Banks2.43%
Capital Markets0.28%
Industry PE
  • Investors are most optimistic about the Capital Markets industry even though it's trading below its 3-year average PE ratio of 20.9x.
    • 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 9.2x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Banks industry since they expect its earnings to decline by only 1.8% 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 29% 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
ARION Arion banki hfISK 184.002.8%
+ISK 6.9b		18.7%PB1.3x
ISB Íslandsbanki hfISK 126.002.0%
+ISK 4.1b		11.5%PB1x
SJOVA Sjóvá-Almennar tryggingar hfISK 43.603.6%
+ISK 1.7b		5.8%PE13.4x
SKAGI Skagi hfISK 19.903.6%
+ISK 1.3b		17.1%PE23.4x
KVIKA Kvika banki hfISK 18.100.3%
+ISK 220.8m		-1.9%PE17.6x

Latest News

ISB
ISK 126.00
Íslandsbanki hf
7D
2.0%
1Y
11.5%
ARION
ISK 184.00
Arion banki hf
7D
2.8%
1Y
18.7%
SJOVA
ISK 43.60
Sjóvá-Almennar tryggingar hf
7D
3.6%
1Y
5.8%
SKAGI
ISK 19.90
Skagi hf
7D
3.6%
1Y
17.1%
KVIKA
ISK 18.10
Kvika banki hf
7D
0.3%
1Y
-1.9%