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Icelandic (OMX) Financials Sector Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies5
  • 7D2.5%
  • 3M3.6%
  • 1Y5.3%
  • YTD-0.5%

All of the companies in the Financials industry have been up over the last week, with the industry up 1.9%. In the last 12 months, the industry was up 4.4%. 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
Sun, 30 Nov 2025ISK 631.3bISK 227.4bISK 68.3b13.8x9.2x2.8x
Tue, 28 Oct 2025ISK 641.6bISK 226.1bISK 68.0b15.2x9.4x2.8x
Thu, 25 Sep 2025ISK 642.2bISK 226.0bISK 68.3b13.1x9.4x2.8x
Sat, 23 Aug 2025ISK 646.3bISK 226.0bISK 68.3b13.5x9.5x2.9x
Mon, 21 Jul 2025ISK 643.6bISK 221.2bISK 60.5b14.2x10.6x2.9x
Wed, 18 Jun 2025ISK 616.5bISK 220.9bISK 60.0b17.1x10.3x2.8x
Fri, 16 May 2025ISK 605.2bISK 222.0bISK 61.0b12.8x9.9x2.7x
Sun, 13 Apr 2025ISK 569.4bISK 217.0bISK 61.5b11.6x9.3x2.6x
Tue, 11 Mar 2025ISK 646.4bISK 217.0bISK 61.5b13.3x10.5x3x
Thu, 06 Feb 2025ISK 674.0bISK 208.8bISK 56.6b16.3x11.9x3.2x
Sat, 04 Jan 2025ISK 673.1bISK 208.8bISK 56.6b15.1x11.9x3.2x
Mon, 02 Dec 2024ISK 635.5bISK 208.5bISK 56.6b13.9x11.2x3x
Wed, 30 Oct 2024ISK 634.4bISK 205.2bISK 53.5b13.7x11.9x3.1x
Fri, 27 Sep 2024ISK 563.7bISK 203.9bISK 52.5b11.3x10.7x2.8x
Sun, 25 Aug 2024ISK 542.8bISK 203.3bISK 53.3b10.9x10.2x2.7x
Tue, 23 Jul 2024ISK 531.7bISK 203.6bISK 56.1b10.8x9.5x2.6x
Thu, 20 Jun 2024ISK 513.7bISK 202.6bISK 56.4b9.5x9.1x2.5x
Sat, 18 May 2024ISK 536.4bISK 201.6bISK 56.5b9.8x9.5x2.7x
Mon, 15 Apr 2024ISK 557.5bISK 203.4bISK 59.1b9.6x9.4x2.7x
Wed, 13 Mar 2024ISK 601.8bISK 203.4bISK 59.1b10.3x10.2x3x
Fri, 09 Feb 2024ISK 605.9bISK 206.2bISK 60.2b13.1x10.1x2.9x
Sun, 07 Jan 2024ISK 628.5bISK 205.3bISK 58.7b12x10.7x3.1x
Tue, 05 Dec 2023ISK 550.4bISK 205.3bISK 58.7b10.6x9.4x2.7x
Thu, 02 Nov 2023ISK 520.8bISK 205.8bISK 59.6b10.2x8.7x2.5x
Sat, 30 Sep 2023ISK 556.5bISK 200.6bISK 58.5b12x9.5x2.8x
Mon, 28 Aug 2023ISK 590.3bISK 200.3bISK 58.5b13.7x10.1x2.9x
Wed, 26 Jul 2023ISK 613.1bISK 194.9bISK 54.1b14.2x11.3x3.1x
Fri, 23 Jun 2023ISK 568.0bISK 194.9bISK 54.1b14.2x10.5x2.9x
Sun, 21 May 2023ISK 586.6bISK 193.8bISK 53.2b14.8x11x3x
Tue, 18 Apr 2023ISK 594.4bISK 187.1bISK 51.8b15.4x11.5x3.2x
Thu, 16 Mar 2023ISK 604.3bISK 187.1bISK 51.8b13.9x11.7x3.2x
Sat, 11 Feb 2023ISK 655.2bISK 189.4bISK 53.9b12.4x12.1x3.5x
Mon, 09 Jan 2023ISK 623.6bISK 187.5bISK 54.6b11.8x11.4x3.3x
Wed, 07 Dec 2022ISK 642.9bISK 187.5bISK 54.6b12x11.8x3.4x
Price to Earnings Ratio

11.8x


Total Market Cap: ISK 642.9bTotal 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 Market2.50%
Financials2.52%
Banks2.99%
Insurance1.97%
Capital Markets0.15%
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 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 131.504.4%
+ISK 10.0b		5.6%PB1x
ARION Arion banki hfISK 179.001.7%
+ISK 4.1b		14.4%PB1.2x
SJOVA Sjóvá-Almennar tryggingar hfISK 42.603.1%
+ISK 1.5b		-5.4%PE14.2x
SKAGI Skagi hfISK 20.200.5%
+ISK 189.6m		4.1%PE20.2x
KVIKA Kvika banki hfISK 16.700.1%
+ISK 110.4m		-12.1%PE16x

Latest News

SJOVA
ISK 42.60
Sjóvá-Almennar tryggingar hf
7D
3.1%
1Y
-5.4%
ISB
ISK 131.50
Íslandsbanki hf
7D
4.4%
1Y
5.6%
KVIKA
ISK 16.70
Kvika banki hf
7D
0.1%
1Y
-12.1%
SKAGI
ISK 20.20
Skagi hf
7D
0.5%
1Y
4.1%
ARION
ISK 179.00
Arion banki hf
7D
1.7%
1Y
14.4%