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Icelandic (OMX) Financials Sector Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies5
  • 7D1.9%
  • 3M-1.2%
  • 1Y3.6%
  • YTD-2.6%

Over the last 7 days, the Financials industry has risen 1.9%, driven by gains from every company within the industry. This takes the industry's 12 month performance to a gain of 3.6%. 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, 16 Nov 2025ISK 631.1bISK 227.4bISK 68.3b13.8x9.2x2.8x
Tue, 14 Oct 2025ISK 634.2bISK 226.0bISK 68.3b12.9x9.3x2.8x
Thu, 11 Sep 2025ISK 654.4bISK 226.0bISK 68.3b13.2x9.6x2.9x
Sat, 09 Aug 2025ISK 646.8bISK 224.9bISK 67.6b13.7x9.6x2.9x
Mon, 07 Jul 2025ISK 636.6bISK 220.9bISK 60.0b16.4x10.6x2.9x
Wed, 04 Jun 2025ISK 630.9bISK 220.9bISK 60.0b17.5x10.5x2.9x
Fri, 02 May 2025ISK 562.8bISK 217.0bISK 61.5b11.8x9.2x2.6x
Sun, 30 Mar 2025ISK 618.4bISK 217.0bISK 61.5b12.7x10.1x2.8x
Tue, 25 Feb 2025ISK 668.2bISK 214.7bISK 60.1b14x11.1x3.1x
Thu, 23 Jan 2025ISK 667.4bISK 208.8bISK 56.6b15.8x11.8x3.2x
Sat, 21 Dec 2024ISK 648.7bISK 208.8bISK 56.6b14.5x11.5x3.1x
Mon, 18 Nov 2024ISK 633.1bISK 207.6bISK 56.8b13.6x11.2x3x
Wed, 16 Oct 2024ISK 605.4bISK 203.9bISK 52.5b11.8x11.5x3x
Fri, 13 Sep 2024ISK 531.9bISK 203.9bISK 52.5b10.6x10.1x2.6x
Sun, 11 Aug 2024ISK 532.0bISK 203.6bISK 53.5b10.5x9.9x2.6x
Tue, 09 Jul 2024ISK 527.5bISK 202.6bISK 56.4b9.6x9.4x2.6x
Thu, 06 Jun 2024ISK 516.8bISK 202.6bISK 56.4b9.6x9.2x2.6x
Sat, 04 May 2024ISK 536.3bISK 202.5bISK 56.5b9.9x9.5x2.6x
Mon, 01 Apr 2024ISK 552.0bISK 203.4bISK 59.1b9.9x9.3x2.7x
Wed, 28 Feb 2024ISK 584.4bISK 201.9bISK 59.4b10.9x9.8x2.9x
Fri, 26 Jan 2024ISK 629.2bISK 205.3bISK 58.7b12.9x10.7x3.1x
Sun, 24 Dec 2023ISK 586.8bISK 205.3bISK 58.7b11.8x10x2.9x
Tue, 21 Nov 2023ISK 523.8bISK 205.3bISK 58.7b9.8x8.9x2.6x
Thu, 19 Oct 2023ISK 525.9bISK 202.1bISK 57.7b13.2x9.1x2.6x
Sat, 16 Sep 2023ISK 568.4bISK 201.4bISK 58.5b13.1x9.7x2.8x
Mon, 14 Aug 2023ISK 596.8bISK 200.3bISK 58.5b13.9x10.2x3x
Wed, 12 Jul 2023ISK 595.1bISK 194.9bISK 54.1b14.3x11x3.1x
Fri, 09 Jun 2023ISK 568.3bISK 195.9bISK 54.1b14.1x10.5x2.9x
Sun, 07 May 2023ISK 597.5bISK 193.6bISK 53.5b14.9x11.2x3.1x
Tue, 04 Apr 2023ISK 602.3bISK 187.1bISK 51.8b15.7x11.6x3.2x
Thu, 02 Mar 2023ISK 631.5bISK 187.1bISK 51.8b15x12.2x3.4x
Sat, 28 Jan 2023ISK 620.5bISK 187.5bISK 54.6b11.9x11.4x3.3x
Mon, 26 Dec 2022ISK 615.5bISK 187.5bISK 54.6b11.7x11.3x3.3x
Wed, 23 Nov 2022ISK 663.8bISK 187.5bISK 54.6b12.4x12.2x3.5x
Price to Earnings Ratio

12.2x


Total Market Cap: ISK 663.8bTotal 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 Market0.27%
Financials1.86%
Banks2.06%
Insurance1.56%
Capital Markets0.90%
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 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 126.003.7%
+ISK 8.2b		0%PB1x
ARION Arion banki hfISK 177.000.6%
+ISK 1.4b		14.6%PB1.2x
SKAGI Skagi hfISK 19.903.6%
+ISK 1.3b		7.6%PE19.9x
KVIKA Kvika banki hfISK 16.800.9%
+ISK 662.5m		-11.1%PE16x

Latest News

ISB
ISK 126.00
Íslandsbanki hf
7D
3.7%
1Y
0%
KVIKA
ISK 16.80
Kvika banki hf
7D
0.9%
1Y
-11.1%
SKAGI
ISK 19.90
Skagi hf
7D
3.6%
1Y
7.6%
ARION
ISK 177.00
Arion banki hf
7D
0.6%
1Y
14.6%