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Icelandic (OMX) Banks Industry Analysis

UpdatedMay 12, 2025
DataAggregated Company Financials
Companies2
  • 7D2.8%
  • 3M-10.2%
  • 1Y14.9%
  • YTD-8.3%

All of the companies in the Banks industry have been up over the last week, with the industry up 2.5%. This means that the industry has gained 15% over the past year. Looking forward, earnings are forecast to decline by 6.2% per year.

Industry Valuation and Performance

Has the Icelandic Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 12 May 2025ISK 433.7bISK 132.7bISK 52.1b8.4x8.3x3.3x
Wed, 09 Apr 2025ISK 415.9bISK 128.1bISK 50.3b8.3x8.3x3.2x
Fri, 07 Mar 2025ISK 453.2bISK 128.1bISK 50.3b9x9x3.5x
Sun, 02 Feb 2025ISK 479.2bISK 124.6bISK 48.2b9.9x9.9x3.8x
Tue, 31 Dec 2024ISK 472.4bISK 124.6bISK 48.2b9.8x9.8x3.8x
Thu, 28 Nov 2024ISK 462.1bISK 124.6bISK 48.2b9.6x9.6x3.7x
Sat, 26 Oct 2024ISK 457.1bISK 122.7bISK 46.1b9.9x9.9x3.7x
Mon, 23 Sep 2024ISK 387.8bISK 122.4bISK 45.2b8.6x8.6x3.2x
Wed, 21 Aug 2024ISK 397.4bISK 122.4bISK 45.2b8.8x8.8x3.2x
Fri, 19 Jul 2024ISK 386.1bISK 122.1bISK 47.7b8.1x8.1x3.2x
Sun, 16 Jun 2024ISK 368.6bISK 122.1bISK 47.7b7.7x7.7x3x
Tue, 14 May 2024ISK 387.6bISK 122.1bISK 47.7b8.1x8.1x3.2x
Thu, 11 Apr 2024ISK 410.7bISK 124.6bISK 50.3b8.2x8.2x3.3x
Sat, 09 Mar 2024ISK 437.2bISK 124.6bISK 50.3b8.7x8.7x3.5x
Mon, 05 Feb 2024ISK 451.3bISK 125.2bISK 48.6b9.3x9.3x3.6x
Wed, 03 Jan 2024ISK 446.7bISK 125.2bISK 48.6b9.2x9.2x3.6x
Fri, 01 Dec 2023ISK 406.8bISK 125.2bISK 48.6b8.4x8.4x3.2x
Sun, 29 Oct 2023ISK 400.2bISK 126.4bISK 48.7b8.2x8.2x3.2x
Tue, 26 Sep 2023ISK 419.6bISK 125.3bISK 48.8b8.6x8.6x3.3x
Thu, 24 Aug 2023ISK 445.6bISK 125.3bISK 48.8b9.1x9.1x3.6x
Sat, 22 Jul 2023ISK 463.1bISK 121.3bISK 44.8b10.4x10.3x3.8x
Mon, 19 Jun 2023ISK 415.7bISK 121.3bISK 44.8b9.3x9.3x3.4x
Wed, 17 May 2023ISK 431.0bISK 121.3bISK 44.8b9.7x9.6x3.6x
Fri, 14 Apr 2023ISK 452.0bISK 116.1bISK 43.3b10.5x10.4x3.9x
Sun, 12 Mar 2023ISK 454.7bISK 116.1bISK 43.3b10.5x10.5x3.9x
Tue, 07 Feb 2023ISK 467.9bISK 114.3bISK 43.9b10.8x10.7x4.1x
Thu, 05 Jan 2023ISK 455.7bISK 114.3bISK 43.9b10.4x10.4x4x
Sat, 03 Dec 2022ISK 480.6bISK 114.3bISK 43.9b11.1x10.9x4.2x
Mon, 31 Oct 2022ISK 490.1bISK 114.3bISK 43.9b11.2x11.2x4.3x
Wed, 28 Sep 2022ISK 482.4bISK 114.8bISK 46.8b10.3x10.3x4.2x
Fri, 26 Aug 2022ISK 528.5bISK 114.8bISK 46.8b11.3x11.3x4.6x
Sun, 24 Jul 2022ISK 506.2bISK 115.9bISK 51.1b9.9x9.9x4.4x
Tue, 21 Jun 2022ISK 463.9bISK 115.9bISK 51.1b9.1x9.1x4x
Thu, 19 May 2022ISK 478.8bISK 115.9bISK 51.1b9.4x9.4x4.1x
Price to Earnings Ratio

9.4x


Total Market Cap: ISK 478.8bTotal Earnings: ISK 51.1bTotal Revenue: ISK 115.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Banks Industry Price to Earnings3Y Average 9.4x202320242025
Current Industry PE
    There are only 2 companies in the Icelandic Banks industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Banks industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 3.4% 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 and as a result, profits have held steady.

Industry Trends

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

IS Market0.51%
Financials2.38%
Banks2.82%
Diversified Banks2.82%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 9.4x.
    • Analysts are expecting annual earnings decline of 6.2%, which is worse than the prior year's decline of 0.04%.
  • Investors are most pessimistic about the Diversified 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 Diversified 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 Diversified 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
ISB Íslandsbanki hfISK 114.005.6%
+ISK 11.2b		14.0%PB1x
ARION Arion banki hfISK 158.003.3%
+ISK 7.0b		18.4%PB1.1x
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Latest News

ISB

ISK 114.00

Íslandsbanki hf

7D

5.6%

1Y

14.0%

ARION

ISK 158.00

Arion banki hf

7D

3.3%

1Y

18.4%