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Icelandic (OMX) Financials Sector Analysis

UpdatedMar 13, 2026
DataAggregated Company Financials
Companies5
  • 7D0.04%
  • 3M-0.8%
  • 1Y11.5%
  • YTD-5.4%

Over the last 7 days, the Financials industry has risen 2.9%, driven by gains in Íslandsbanki hf and Arion banki hf of 5.2% and 3.3%, respectively. This means that the industry has gained 11% over the past year. Looking forward, earnings are forecast to grow by 1.8% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 13 Mar 2026ISK 668.1bISK 228.7bISK 64.2b17.7x10.4x2.9x
Sun, 08 Feb 2026ISK 705.4bISK 227.4bISK 68.3b15.2x10.3x3.1x
Tue, 06 Jan 2026ISK 710.4bISK 227.4bISK 68.3b14.4x10.4x3.1x
Thu, 04 Dec 2025ISK 660.8bISK 227.4bISK 68.3b14.3x9.7x2.9x
Sat, 01 Nov 2025ISK 631.7bISK 233.6bISK 68.6b14.8x9.2x2.7x
Mon, 29 Sep 2025ISK 639.3bISK 226.0bISK 68.3b12.8x9.4x2.8x
Wed, 27 Aug 2025ISK 635.8bISK 226.0bISK 68.3b13.3x9.3x2.8x
Fri, 25 Jul 2025ISK 648.0bISK 222.2bISK 61.4b14.1x10.6x2.9x
Sun, 22 Jun 2025ISK 602.7bISK 220.9bISK 60.0b16x10x2.7x
Tue, 20 May 2025ISK 616.8bISK 220.9bISK 60.0b17.1x10.3x2.8x
Thu, 17 Apr 2025ISK 579.6bISK 217.0bISK 61.5b12x9.4x2.7x
Sat, 15 Mar 2025ISK 627.7bISK 217.0bISK 61.5b12.4x10.2x2.9x
Mon, 10 Feb 2025ISK 685.0bISK 209.9bISK 57.1b14.4x12x3.3x
Wed, 08 Jan 2025ISK 672.4bISK 208.8bISK 56.6b15.2x11.9x3.2x
Fri, 06 Dec 2024ISK 629.3bISK 208.8bISK 56.6b13.9x11.1x3x
Sun, 03 Nov 2024ISK 647.7bISK 206.3bISK 55.3b14.1x11.7x3.1x
Tue, 01 Oct 2024ISK 580.8bISK 203.9bISK 52.5b11.7x11.1x2.8x
Thu, 29 Aug 2024ISK 536.2bISK 203.3bISK 53.3b10.7x10.1x2.6x
Sat, 27 Jul 2024ISK 526.5bISK 203.6bISK 53.5b10.7x9.8x2.6x
Mon, 24 Jun 2024ISK 510.6bISK 202.6bISK 56.4b9.8x9.1x2.5x
Wed, 22 May 2024ISK 531.7bISK 201.6bISK 56.5b9.8x9.4x2.6x
Fri, 19 Apr 2024ISK 551.4bISK 203.4bISK 59.1b9.6x9.3x2.7x
Sun, 17 Mar 2024ISK 570.4bISK 203.4bISK 59.1b10.3x9.7x2.8x
Tue, 13 Feb 2024ISK 614.2bISK 208.3bISK 61.2b11.1x10x2.9x
Thu, 11 Jan 2024ISK 623.4bISK 205.3bISK 58.7b12.1x10.6x3x
Sat, 09 Dec 2023ISK 561.9bISK 205.3bISK 58.7b11.3x9.6x2.7x
Mon, 06 Nov 2023ISK 537.2bISK 206.9bISK 58.7b10.1x9.1x2.6x
Wed, 04 Oct 2023ISK 559.9bISK 200.6bISK 58.5b11.8x9.6x2.8x
Fri, 01 Sep 2023ISK 591.1bISK 201.9bISK 58.6b13.6x10.1x2.9x
Sun, 30 Jul 2023ISK 603.1bISK 198.9bISK 58.1b13.8x10.4x3x
Tue, 27 Jun 2023ISK 565.7bISK 194.9bISK 54.1b14.1x10.5x2.9x
Thu, 25 May 2023ISK 572.6bISK 193.8bISK 53.2b14.9x10.8x3x
Sat, 22 Apr 2023ISK 594.4bISK 187.1bISK 51.8b15.4x11.5x3.2x
Mon, 20 Mar 2023ISK 596.7bISK 187.1bISK 51.8b14.4x11.5x3.2x
Price to Earnings Ratio

11.5x


Total Market Cap: ISK 596.7bTotal Earnings: ISK 51.8bTotal Revenue: ISK 187.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Financials Sector Price to Earnings3Y Average 10.2x202420252026
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 10.2x.
  • 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 7.4% per year over the last three years.
  • Revenues for these companies have grown 6.9% 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 Market-1.20%
Financials0.042%
Banks0.82%
Capital Markets-0.80%
Insurance-3.83%
Industry PE
  • Investors are most optimistic about the Insurance industry which is trading above its 3-year average PE ratio of 16.5x.
    • 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 8.9x.
Forecasted Growth
  • Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 1.8% over the next 5 years.
  • However this is lower than its past earnings growth rate of 11% 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 142.005.6%
+ISK 12.3b		16.4%PB1.1x

Latest News

SJOVA
ISK 40.00
Sjóvá-Almennar tryggingar hf
7D
-3.8%
1Y
-17.4%
ARION
ISK 190.00
Arion banki hf
7D
-3.3%
1Y
26.2%
ISB
ISK 142.00
Íslandsbanki hf
7D
5.6%
1Y
16.4%
KVIKA
ISK 18.55
Kvika banki hf
7D
-0.8%
1Y
-7.0%
SKAGI
ISK 17.70
Skagi hf
7D
-3.8%
1Y
-10.6%