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Icelandic (OMX) Financials Sector Analysis

UpdatedJul 29, 2026
DataAggregated Company Financials
Companies5
  • 7D1.1%
  • 3M0.7%
  • 1Y5.2%
  • YTD-5.4%

Over the last 7 days, the Financials industry has risen 1.1%, and Íslandsbanki hf contributed the most with a gain of 0.3%. This means that the industry has gained 5.2% over the past year. Earnings are forecast to be flat in the coming years.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 30 Jul 2026ISK 651.8bISK 240.7bISK 70.9b10.5x9.2x2.7x
Sat, 27 Jun 2026ISK 630.4bISK 239.2bISK 70.3b10.4x9x2.6x
Mon, 25 May 2026ISK 666.4bISK 239.2bISK 70.3b12.2x9.5x2.8x
Wed, 22 Apr 2026ISK 650.9bISK 228.7bISK 64.2b15.1x10.1x2.8x
Fri, 20 Mar 2026ISK 640.7bISK 228.7bISK 64.2b16.9x10x2.8x
Sun, 15 Feb 2026ISK 679.7bISK 226.9bISK 64.2b18x10.6x3x
Tue, 13 Jan 2026ISK 727.2bISK 227.4bISK 68.3b14.6x10.6x3.2x
Thu, 11 Dec 2025ISK 685.3bISK 227.4bISK 68.3b14.8x10x3x
Sat, 08 Nov 2025ISK 623.1bISK 227.4bISK 68.3b14x9.1x2.7x
Mon, 06 Oct 2025ISK 637.7bISK 226.0bISK 68.3b12.8x9.3x2.8x
Wed, 03 Sep 2025ISK 635.3bISK 226.0bISK 68.3b13x9.3x2.8x
Fri, 01 Aug 2025ISK 652.6bISK 227.5bISK 65.6b14x9.9x2.9x
Sun, 29 Jun 2025ISK 609.9bISK 220.9bISK 60.0b16.2x10.2x2.8x
Tue, 27 May 2025ISK 623.9bISK 220.9bISK 60.0b17.3x10.4x2.8x
Thu, 24 Apr 2025ISK 589.5bISK 217.0bISK 61.5b12.1x9.6x2.7x
Sat, 22 Mar 2025ISK 622.7bISK 217.0bISK 61.5b12.7x10.1x2.9x
Mon, 17 Feb 2025ISK 676.9bISK 214.9bISK 60.0b14.5x11.3x3.1x
Wed, 15 Jan 2025ISK 667.4bISK 208.8bISK 56.6b15.6x11.8x3.2x
Fri, 13 Dec 2024ISK 639.4bISK 208.8bISK 56.6b14x11.3x3.1x
Sun, 10 Nov 2024ISK 638.3bISK 203.9bISK 56.1b13.8x11.4x3.1x
Tue, 08 Oct 2024ISK 617.3bISK 203.9bISK 52.5b11.9x11.7x3x
Thu, 05 Sep 2024ISK 536.7bISK 203.4bISK 52.5b10.7x10.2x2.6x
Sat, 03 Aug 2024ISK 530.2bISK 203.6bISK 53.5b10.5x9.9x2.6x
Mon, 01 Jul 2024ISK 502.8bISK 202.6bISK 56.4b9.7x8.9x2.5x
Wed, 29 May 2024ISK 523.5bISK 201.6bISK 56.5b9.7x9.3x2.6x
Fri, 26 Apr 2024ISK 547.5bISK 203.7bISK 58.9b10x9.3x2.7x
Sun, 24 Mar 2024ISK 563.9bISK 203.4bISK 59.1b10.2x9.5x2.8x
Tue, 20 Feb 2024ISK 597.0bISK 208.2bISK 61.2b10.9x9.7x2.9x
Thu, 18 Jan 2024ISK 615.7bISK 205.3bISK 58.7b12.4x10.5x3x
Sat, 16 Dec 2023ISK 566.5bISK 205.3bISK 58.7b11.5x9.6x2.8x
Mon, 13 Nov 2023ISK 528.9bISK 205.3bISK 58.7b10.1x9x2.6x
Wed, 11 Oct 2023ISK 539.2bISK 200.6bISK 58.5b11.6x9.2x2.7x
Fri, 08 Sep 2023ISK 576.6bISK 201.4bISK 58.5b13.2x9.8x2.9x
Sun, 06 Aug 2023ISK 599.9bISK 198.9bISK 58.1b13.9x10.3x3x
Price to Earnings Ratio

10.3x


Total Market Cap: ISK 599.9bTotal Earnings: ISK 58.1bTotal Revenue: ISK 198.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Financials Sector Price to Earnings3Y Average 10x202420252026
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 10.0x.
  • The industry is trading close to its 3-year average PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 6.9% 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 Market-0.39%
Financials1.05%
Banks1.33%
Capital Markets1.12%
Insurance-0.65%
Industry PE
  • Investors are most optimistic about the Insurance industry even though it's trading below its 3-year average PE ratio of 16.1x.
    • 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
  • Despite it being negative, analysts are least pessimistic on the Banks industry since they expect its earnings to decline by only 0.6% 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 13% 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 146.200.3%
+ISK 677.2m		16.0%PB1.2x
KVIKA Kvika banki hfISK 13.601.1%
+ISK 648.4m		-25.1%PE10.6x
SJOVA Sjóvá-Almennar tryggingar hfISK 42.801.2%
+ISK 579.0m		-7.0%PE13.5x

Latest News

ISB
ISK 146.20
Íslandsbanki hf
7D
0.3%
1Y
16.0%
SKAGI
ISK 18.70
Skagi hf
7D
-2.1%
1Y
-5.1%
SJOVA
ISK 42.80
Sjóvá-Almennar tryggingar hf
7D
1.2%
1Y
-7.0%
KVIKA
ISK 13.60
Kvika banki hf
7D
1.1%
1Y
-25.1%