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

Icelandic (OMX) Financials Sector Analysis

UpdatedSep 15, 2025
DataAggregated Company Financials
Companies5
  • 7D2.9%
  • 3M8.0%
  • 1Y28.2%
  • YTD1.1%

In the last week, the Financials industry is up 2.6%, with Arion banki hf up 3.6%. This means that the industry has gained 28% over the past year. In the next few years, earnings are forecast to decline by 2.0% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Sep 2025ISK 661.3bISK 226.0bISK 68.3b13.2x9.7x2.9x
Thu, 14 Aug 2025ISK 653.8bISK 224.9bISK 67.6b13.7x9.7x2.9x
Sat, 12 Jul 2025ISK 631.0bISK 220.9bISK 60.0b16.2x10.5x2.9x
Mon, 09 Jun 2025ISK 631.8bISK 220.9bISK 60.0b17.3x10.5x2.9x
Wed, 07 May 2025ISK 562.0bISK 216.4bISK 60.0b11.8x9.4x2.6x
Fri, 04 Apr 2025ISK 580.2bISK 217.0bISK 61.5b11.9x9.4x2.7x
Sun, 02 Mar 2025ISK 648.1bISK 218.4bISK 61.5b14x10.5x3x
Tue, 28 Jan 2025ISK 670.3bISK 208.8bISK 56.6b16x11.8x3.2x
Thu, 26 Dec 2024ISK 662.2bISK 208.8bISK 56.6b14.7x11.7x3.2x
Sat, 23 Nov 2024ISK 634.5bISK 207.6bISK 56.8b13.8x11.2x3.1x
Mon, 21 Oct 2024ISK 599.3bISK 203.9bISK 52.5b11.7x11.4x2.9x
Wed, 18 Sep 2024ISK 531.1bISK 203.9bISK 52.5b10.7x10.1x2.6x
Fri, 16 Aug 2024ISK 530.7bISK 203.6bISK 53.5b10.5x9.9x2.6x
Sun, 14 Jul 2024ISK 521.4bISK 202.6bISK 56.4b9.6x9.2x2.6x
Tue, 11 Jun 2024ISK 514.2bISK 202.6bISK 56.4b9.7x9.1x2.5x
Thu, 09 May 2024ISK 525.5bISK 201.6bISK 56.5b9.8x9.3x2.6x
Sat, 06 Apr 2024ISK 557.0bISK 203.4bISK 59.1b9.6x9.4x2.7x
Mon, 04 Mar 2024ISK 599.8bISK 201.9bISK 59.4b10.9x10.1x3x
Wed, 31 Jan 2024ISK 616.9bISK 205.3bISK 58.7b13x10.5x3x
Fri, 29 Dec 2023ISK 596.0bISK 205.3bISK 58.7b12x10.1x2.9x
Sun, 26 Nov 2023ISK 538.0bISK 205.3bISK 58.7b10.3x9.2x2.6x
Tue, 24 Oct 2023ISK 523.9bISK 202.1bISK 57.7b12.9x9.1x2.6x
Thu, 21 Sep 2023ISK 556.2bISK 201.4bISK 58.5b12.7x9.5x2.8x
Sat, 19 Aug 2023ISK 600.5bISK 200.3bISK 58.5b13.9x10.3x3x
Mon, 17 Jul 2023ISK 586.2bISK 194.9bISK 54.1b14.1x10.8x3x
Wed, 14 Jun 2023ISK 566.3bISK 194.9bISK 54.1b14x10.5x2.9x
Fri, 12 May 2023ISK 589.7bISK 193.6bISK 53.5b14.8x11x3x
Sun, 09 Apr 2023ISK 597.7bISK 187.1bISK 51.8b15.6x11.5x3.2x
Tue, 07 Mar 2023ISK 634.3bISK 187.1bISK 51.8b15.1x12.2x3.4x
Thu, 02 Feb 2023ISK 611.0bISK 187.5bISK 54.6b11.9x11.2x3.3x
Sat, 31 Dec 2022ISK 612.0bISK 187.5bISK 54.6b11.7x11.2x3.3x
Mon, 28 Nov 2022ISK 660.8bISK 187.5bISK 54.6b12.3x12.1x3.5x
Wed, 26 Oct 2022ISK 621.2bISK 190.2bISK 60.8b10.2x10.2x3.3x
Fri, 23 Sep 2022ISK 644.5bISK 191.5bISK 63.1b10x10.2x3.4x
Price to Earnings Ratio

10.2x


Total Market Cap: ISK 644.5bTotal Earnings: ISK 63.1bTotal Revenue: ISK 191.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Financials Sector Price to Earnings3Y Average 10.5x202320242025
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 10.5x.
  • The industry is trading close to its 3-year average PS ratio of 3.0x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 2.6% per year over the last three years.
  • Revenues for these companies have grown 5.7% 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 Market2.85%
Financials2.93%
Banks3.23%
Capital Markets3.06%
Insurance1.14%
Industry PE
  • Investors are most optimistic about the Capital Markets industry even though it's trading below its 3-year average PE ratio of 20.7x.
    • 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 2.0% 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 185.503.9%
+ISK 9.7b		36.4%PB1.3x
ISB Íslandsbanki hfISK 129.003.2%
+ISK 7.2b		29.3%PB1.1x
KVIKA Kvika banki hfISK 18.734.0%
+ISK 3.2b		14.2%PE18.2x
SJOVA Sjóvá-Almennar tryggingar hfISK 43.401.9%
+ISK 925.3m		16.0%PE13.3x
SKAGI Skagi hfISK 18.800.5%
+ISK 189.6m		22.9%PE22.1x

Latest News

ARION
ISK 185.50
Arion banki hf
7D
3.9%
1Y
36.4%
SJOVA
ISK 43.40
Sjóvá-Almennar tryggingar hf
7D
1.9%
1Y
16.0%
KVIKA
ISK 18.73
Kvika banki hf
7D
4.0%
1Y
14.2%
ISB
ISK 129.00
Íslandsbanki hf
7D
3.2%
1Y
29.3%
SKAGI
ISK 18.80
Skagi hf
7D
0.5%
1Y
22.9%