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Icelandic (OMX) Financials Sector Analysis

UpdatedDec 07, 2025
DataAggregated Company Financials
Companies5
  • 7D6.8%
  • 3M8.4%
  • 1Y13.7%
  • YTD6.2%

All of the companies in the Financials industry have been up over the last week, with the industry up 6.8%. This means that the industry has gained 14% over the past year. As for the next few years, earnings are forecast to decline by 1.1% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 07 Dec 2025ISK 690.9bISK 227.4bISK 68.3b14.8x10.1x3x
Tue, 04 Nov 2025ISK 616.7bISK 233.3bISK 68.2b14.2x9x2.6x
Thu, 02 Oct 2025ISK 631.1bISK 226.0bISK 68.3b12.7x9.2x2.8x
Sat, 30 Aug 2025ISK 628.7bISK 226.0bISK 68.3b13x9.2x2.8x
Mon, 28 Jul 2025ISK 650.4bISK 222.2bISK 61.4b14.1x10.6x2.9x
Wed, 25 Jun 2025ISK 612.7bISK 220.9bISK 60.0b16.4x10.2x2.8x
Fri, 23 May 2025ISK 621.2bISK 220.9bISK 60.0b17x10.3x2.8x
Sun, 20 Apr 2025ISK 579.6bISK 217.0bISK 61.5b12x9.4x2.7x
Tue, 18 Mar 2025ISK 620.8bISK 217.0bISK 61.5b12.4x10.1x2.9x
Thu, 13 Feb 2025ISK 693.4bISK 209.9bISK 57.1b14.6x12.1x3.3x
Sat, 11 Jan 2025ISK 674.6bISK 208.8bISK 56.6b15.7x11.9x3.2x
Mon, 09 Dec 2024ISK 628.1bISK 208.8bISK 56.6b13.9x11.1x3x
Wed, 06 Nov 2024ISK 644.2bISK 206.3bISK 55.3b14x11.7x3.1x
Fri, 04 Oct 2024ISK 599.8bISK 203.9bISK 52.5b11.9x11.4x2.9x
Sun, 01 Sep 2024ISK 539.3bISK 203.4bISK 52.5b10.7x10.3x2.7x
Tue, 30 Jul 2024ISK 532.2bISK 203.6bISK 53.5b10.6x9.9x2.6x
Thu, 27 Jun 2024ISK 508.0bISK 202.6bISK 56.4b9.7x9x2.5x
Sat, 25 May 2024ISK 530.6bISK 201.6bISK 56.5b9.8x9.4x2.6x
Mon, 22 Apr 2024ISK 554.2bISK 203.7bISK 58.9b10.1x9.4x2.7x
Wed, 20 Mar 2024ISK 570.9bISK 203.4bISK 59.1b10.2x9.7x2.8x
Fri, 16 Feb 2024ISK 602.0bISK 208.2bISK 61.2b11x9.8x2.9x
Sun, 14 Jan 2024ISK 623.7bISK 205.3bISK 58.7b12.3x10.6x3x
Tue, 12 Dec 2023ISK 555.8bISK 205.3bISK 58.7b11.2x9.5x2.7x
Thu, 09 Nov 2023ISK 528.0bISK 205.3bISK 58.7b10.1x9x2.6x
Sat, 07 Oct 2023ISK 551.3bISK 200.6bISK 58.5b12.1x9.4x2.7x
Mon, 04 Sep 2023ISK 589.2bISK 201.9bISK 58.6b13.7x10.1x2.9x
Wed, 02 Aug 2023ISK 599.7bISK 198.9bISK 58.1b13.8x10.3x3x
Fri, 30 Jun 2023ISK 558.8bISK 194.9bISK 54.1b13.7x10.3x2.9x
Sun, 28 May 2023ISK 574.2bISK 194.3bISK 54.5b14.4x10.5x3x
Tue, 25 Apr 2023ISK 594.3bISK 187.1bISK 51.8b15.3x11.5x3.2x
Thu, 23 Mar 2023ISK 592.1bISK 187.1bISK 51.8b14.3x11.4x3.2x
Sat, 18 Feb 2023ISK 638.8bISK 187.8bISK 52.3b15.4x12.2x3.4x
Mon, 16 Jan 2023ISK 624.5bISK 187.5bISK 54.6b12x11.4x3.3x
Wed, 14 Dec 2022ISK 651.4bISK 187.5bISK 54.6b12.2x11.9x3.5x
Price to Earnings Ratio

11.9x


Total Market Cap: ISK 651.4bTotal Earnings: ISK 54.6bTotal Revenue: ISK 187.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Financials Sector Price to Earnings3Y Average 10.3x202320242025
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 10.3x.
  • 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 Market2.46%
Financials6.75%
Capital Markets7.49%
Insurance6.87%
Banks6.62%
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 close to its 3-year average of 9.0x.
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 142.008.0%
+ISK 19.0b		17.8%PB1.1x
ARION Arion banki hfISK 188.505.3%
+ISK 13.1b		20.1%PB1.2x
KVIKA Kvika banki hfISK 17.957.5%
+ISK 5.5b		-4.8%PE17.1x
SKAGI Skagi hfISK 22.4010.9%
+ISK 4.2b		14.6%PE22.4x
SJOVA Sjóvá-Almennar tryggingar hfISK 44.203.8%
+ISK 1.9b		-1.8%PE14.8x

Latest News

SKAGI
ISK 22.40
Skagi hf
7D
10.9%
1Y
14.6%

Investor Optimism Abounds Skagi hf. (ICE:SKAGI) But Growth Is Lacking

Dec 05
Investor Optimism Abounds Skagi hf. (ICE:SKAGI) But Growth Is Lacking
SJOVA
ISK 44.20
Sjóvá-Almennar tryggingar hf
7D
3.8%
1Y
-1.8%
ISB
ISK 142.00
Íslandsbanki hf
7D
8.0%
1Y
17.8%
KVIKA
ISK 17.95
Kvika banki hf
7D
7.5%
1Y
-4.8%
ARION
ISK 188.50
Arion banki hf
7D
5.3%
1Y
20.1%