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Icelandic (OMX) Financials Sector Analysis

UpdatedApr 17, 2025
DataAggregated Company Financials
Companies5
  • 7D5.0%
  • 3M-11.1%
  • 1Y8.2%
  • YTD-12.9%

Over the last 7 days, the Financials industry has risen 5.0%, driven by gains from every company within the industry. This means that the industry has gained 8.2% over the past year. As for the next few years, earnings are forecast to decline by 6.2% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Wed, 15 Feb 2023ISK 642.2bISK 189.3bISK 53.3b15.2x12x3.4x
Fri, 13 Jan 2023ISK 624.6bISK 187.5bISK 54.6b12x11.4x3.3x
Sun, 11 Dec 2022ISK 631.5bISK 187.5bISK 54.6b11.7x11.6x3.4x
Tue, 08 Nov 2022ISK 637.0bISK 188.5bISK 56.0b11.9x11.4x3.4x
Thu, 06 Oct 2022ISK 642.0bISK 191.5bISK 63.1b10.1x10.2x3.4x
Sat, 03 Sep 2022ISK 692.6bISK 191.5bISK 63.1b10.5x11x3.6x
Mon, 01 Aug 2022ISK 692.0bISK 196.7bISK 69.3b8.5x10x3.5x
Wed, 29 Jun 2022ISK 648.5bISK 200.4bISK 76.8b8.2x8.4x3.2x
Fri, 27 May 2022ISK 634.4bISK 200.4bISK 76.8b8.7x8.3x3.2x
Sun, 24 Apr 2022ISK 703.8bISK 198.4bISK 77.7b9.5x9.1x3.5x
Price to Earnings Ratio

9.1x


Total Market Cap: ISK 703.8bTotal Earnings: ISK 77.7bTotal Revenue: ISK 198.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Financials Sector Price to Earnings3Y Average 10.4x202320242025
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 10.4x.
  • The 3-year average PS ratio of 3.0x is higher than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have declined 7.5% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.0% 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 Market3.88%
Financials5.00%
Insurance7.22%
Banks4.72%
Capital Markets3.85%
Industry PE
  • Investors are most optimistic about the Insurance industry, which is trading close to its 3-year average PE ratio of 14.2x.
    • 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
  • Despite it being negative, analysts are least pessimistic on the Banks industry since they expect its earnings to decline by only 6.2% per year over the next 5 years, which isn't as bad as the other industries.
  • This is even lower than its past earnings decline of 0.04% per year.
  • In contrast, the Banks industry is expected to see its earnings decline by 6.2% 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
ARION Arion banki hfISK 154.508.8%
+ISK 17.5b		7.3%PB1x
SJOVA Sjóvá-Almennar tryggingar hfISK 44.007.8%
+ISK 3.7b		15.5%PE12x
KVIKA Kvika banki hfISK 13.503.8%
+ISK 2.3b		-8.5%PE13.3x
SKAGI Skagi hfISK 19.206.4%
+ISK 2.2b		8.2%PE16.1x
ISB Íslandsbanki hfISK 114.000.9%
+ISK 1.9b		13.4%PB0.9x
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Latest News

SJOVA

ISK 44.00

Sjóvá-Almennar tryggingar hf

7D

7.8%

1Y

15.5%

Sjóvá-Almennar tryggingar hf.'s (ICE:SJOVA) Shares Lagging The Market But So Is The Business

Apr 08
Sjóvá-Almennar tryggingar hf.'s (ICE:SJOVA) Shares Lagging The Market But So Is The Business

KVIKA

ISK 13.50

Kvika banki hf

7D

3.8%

1Y

-8.5%

ISB

ISK 114.00

Íslandsbanki hf

7D

0.9%

1Y

13.4%

ARION

ISK 154.50

Arion banki hf

7D

8.8%

1Y

7.3%

SKAGI

ISK 19.20

Skagi hf

7D

6.4%

1Y

8.2%