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Icelandic (OMX) Financials Sector Analysis

UpdatedSep 14, 2026
DataAggregated Company Financials
Companies5
  • 7D-2.6%
  • 3M-4.1%
  • 1Y-3.6%
  • YTD-11.7%

Over the last 7 days, the Financials industry has dropped 2.6%, driven by declines from every company within the industry. However, the industry is down 3.6% over the past year. As for the next few years, earnings are expected to grow by 2.6% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 14 Sep 2026ISK 606.4bISK 239.5bISK 68.6b10.6x8.8x2.5x
Wed, 12 Aug 2026ISK 635.8bISK 240.0bISK 69.1b10.5x9.2x2.6x
Fri, 10 Jul 2026ISK 625.1bISK 239.2bISK 70.3b10.4x8.9x2.6x
Sun, 07 Jun 2026ISK 646.5bISK 239.2bISK 70.3b10.8x9.2x2.7x
Tue, 05 May 2026ISK 661.6bISK 228.7bISK 64.2b15.3x10.3x2.9x
Thu, 02 Apr 2026ISK 626.1bISK 228.7bISK 64.2b16.9x9.7x2.7x
Sat, 28 Feb 2026ISK 680.9bISK 228.7bISK 64.2b18.9x10.6x3x
Mon, 26 Jan 2026ISK 693.1bISK 227.4bISK 68.3b14.4x10.1x3x
Wed, 24 Dec 2025ISK 698.5bISK 227.4bISK 68.3b14.4x10.2x3.1x
Fri, 21 Nov 2025ISK 633.0bISK 227.4bISK 68.3b13.8x9.3x2.8x
Sun, 19 Oct 2025ISK 651.6bISK 226.0bISK 68.3b13.3x9.5x2.9x
Tue, 16 Sep 2025ISK 662.7bISK 226.0bISK 68.3b13.3x9.7x2.9x
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
Price to Earnings Ratio

9.5x


Total Market Cap: ISK 556.2bTotal Earnings: ISK 58.5bTotal Revenue: ISK 201.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Financials Sector Price to Earnings3Y Average 10x202420252026
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 8.8x which is lower than its 3-year average PE of 10.0x.
  • The 3-year average PS ratio of 2.8x is higher than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 5.4% per year over the last three years.
  • Revenues for these companies have grown 5.9% 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-2.65%
Financials-2.62%
Insurance-2.30%
Banks-2.52%
Capital Markets-3.91%
Industry PE
  • Investors are most optimistic about the Insurance industry even though it's trading below its 3-year average PE ratio of 15.8x.
    • 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 8.7x.
Forecasted Growth
  • Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 2.6% over the next 5 years.
  • This is better than its past earnings decline of 1.4% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 2.6% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
No data available

Latest News

KVIKA
ISK 12.40
Kvika banki hf
7D
-3.1%
1Y
-33.8%
ARION
ISK 180.00
Arion banki hf
7D
-3.0%
1Y
-3.0%
New Narrative • Sep 01

Digital Expansion And Capital Strength Will Support Future Earnings Resilience

Catalysts About Arion banki hf Arion banki hf is an Icelandic financial group that provides banking, insurance and asset management services to retail and corporate customers. What are the underlying business or industry changes driving this perspective?
ISB
ISK 138.00
Íslandsbanki hf
7D
-3.1%
1Y
7.0%
SKAGI
ISK 17.80
Skagi hf
7D
-3.3%
1Y
-5.3%
SJOVA
ISK 41.60
Sjóvá-Almennar tryggingar hf
7D
-2.8%
1Y
-4.1%