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Icelandic (OMX) Financials Sector Analysis

UpdatedJul 03, 2025
DataAggregated Company Financials
Companies5
  • 7D3.1%
  • 3M11.9%
  • 1Y23.5%
  • YTD-4.6%

In the last week, the Financials industry is up 2.1%, with all of the companies up. This takes the industry's 12 month performance to a gain of 25%. In the next few years earnings are forecast to be pretty stable.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 04 Jul 2025ISK 623.7bISK 220.9bISK 60.0b16.2x10.4x2.8x
Sun, 01 Jun 2025ISK 639.7bISK 220.9bISK 60.0b17.6x10.7x2.9x
Tue, 29 Apr 2025ISK 584.4bISK 217.0bISK 61.5b12.2x9.5x2.7x
Thu, 27 Mar 2025ISK 656.5bISK 217.0bISK 61.5b12.8x10.7x3x
Sat, 22 Feb 2025ISK 679.3bISK 214.7bISK 60.1b14.2x11.3x3.2x
Mon, 20 Jan 2025ISK 653.8bISK 208.8bISK 56.6b15.3x11.6x3.1x
Wed, 18 Dec 2024ISK 648.2bISK 208.8bISK 56.6b14.6x11.5x3.1x
Fri, 15 Nov 2024ISK 632.0bISK 207.6bISK 56.8b13.8x11.1x3x
Sun, 13 Oct 2024ISK 604.9bISK 203.9bISK 52.5b11.8x11.5x3x
Tue, 10 Sep 2024ISK 542.4bISK 203.9bISK 52.5b10.8x10.3x2.7x
Thu, 08 Aug 2024ISK 530.2bISK 203.6bISK 53.5b10.5x9.9x2.6x
Sat, 06 Jul 2024ISK 529.4bISK 202.6bISK 56.4b9.7x9.4x2.6x
Mon, 03 Jun 2024ISK 523.6bISK 202.7bISK 56.4b9.6x9.3x2.6x
Wed, 01 May 2024ISK 549.8bISK 203.7bISK 58.9b9.9x9.3x2.7x
Fri, 29 Mar 2024ISK 552.0bISK 203.4bISK 59.1b9.9x9.3x2.7x
Sun, 25 Feb 2024ISK 605.2bISK 201.9bISK 59.4b11x10.2x3x
Tue, 23 Jan 2024ISK 633.6bISK 205.3bISK 58.7b13x10.8x3.1x
Thu, 21 Dec 2023ISK 586.3bISK 205.3bISK 58.7b11.9x10x2.9x
Sat, 18 Nov 2023ISK 531.3bISK 205.3bISK 58.7b9.8x9x2.6x
Mon, 16 Oct 2023ISK 543.0bISK 202.1bISK 57.7b13.6x9.4x2.7x
Wed, 13 Sep 2023ISK 575.0bISK 201.4bISK 58.5b13.4x9.8x2.9x
Fri, 11 Aug 2023ISK 599.1bISK 198.9bISK 58.1b13.9x10.3x3x
Sun, 09 Jul 2023ISK 598.5bISK 194.9bISK 54.1b14.6x11.1x3.1x
Tue, 06 Jun 2023ISK 566.5bISK 195.9bISK 54.1b14x10.5x2.9x
Thu, 04 May 2023ISK 610.4bISK 187.1bISK 51.8b15.3x11.8x3.3x
Sat, 01 Apr 2023ISK 604.6bISK 187.1bISK 51.8b15.6x11.7x3.2x
Mon, 27 Feb 2023ISK 648.8bISK 187.1bISK 51.8b15.4x12.5x3.5x
Wed, 25 Jan 2023ISK 612.2bISK 187.5bISK 54.6b12x11.2x3.3x
Fri, 23 Dec 2022ISK 625.5bISK 187.5bISK 54.6b11.8x11.5x3.3x
Sun, 20 Nov 2022ISK 650.5bISK 187.5bISK 54.6b12.2x11.9x3.5x
Tue, 18 Oct 2022ISK 614.5bISK 191.5bISK 63.1b9.6x9.7x3.2x
Thu, 15 Sep 2022ISK 706.7bISK 191.5bISK 63.1b10.8x11.2x3.7x
Sat, 13 Aug 2022ISK 706.0bISK 196.7bISK 69.3b9.2x10.2x3.6x
Mon, 11 Jul 2022ISK 685.2bISK 200.4bISK 76.8b8.8x8.9x3.4x
Price to Earnings Ratio

8.9x


Total Market Cap: ISK 685.2bTotal Earnings: ISK 76.8bTotal Revenue: ISK 200.4bTotal 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 declined 7.9% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.3% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Icelandic Financials sector?

IS Market1.56%
Financials3.07%
Capital Markets6.10%
Banks3.01%
Insurance0.74%
Industry PE
  • Investors are most optimistic about the Insurance industry which is trading above its 3-year average PE ratio of 15.3x.
    • 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 9.4x.
Forecasted Growth
  • Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 0.4% over the next 5 years.
  • 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 172.004.2%
+ISK 9.7b		28.8%PB1.2x
KVIKA Kvika banki hfISK 18.256.1%
+ISK 4.5b		23.5%PE20.8x
ISB Íslandsbanki hfISK 118.001.7%
+ISK 3.7b		18.2%PB1x
SJOVA Sjóvá-Almennar tryggingar hfISK 46.400.9%
+ISK 462.6m		25.4%PE16.4x
SKAGI Skagi hfISK 18.400.5%
+ISK 189.6m		20.3%PE45x

Latest News

KVIKA
ISK 18.25
Kvika banki hf
7D
6.1%
1Y
23.5%
ISB
ISK 118.00
Íslandsbanki hf
7D
1.7%
1Y
18.2%
ARION
ISK 172.00
Arion banki hf
7D
4.2%
1Y
28.8%
SJOVA
ISK 46.40
Sjóvá-Almennar tryggingar hf
7D
0.9%
1Y
25.4%
SKAGI
ISK 18.40
Skagi hf
7D
0.5%
1Y
20.3%