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Icelandic (OMX) Market Analysis & Valuation

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies25
  • 7D0.004%
  • 3M1.6%
  • 1Y-0.8%
  • YTD-4.8%

Over the last 7 days, the market has remained flat, although notably the Industrials sector declined by 4.4%. Similarly, the market is flat for the past 12 months. In the next few years, earnings are forecast to decline by 1.1% annually.

Market Valuation and Performance

Has the Icelandic Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Nov 2025ISK 1.8tISK 1.3tISK 133.5b16x13.4x1.4x
Thu, 16 Oct 2025ISK 1.8tISK 1.3tISK 132.5b17.2x13.7x1.4x
Sat, 13 Sep 2025ISK 1.8tISK 1.3tISK 124.0b16.9x14.7x1.4x
Mon, 11 Aug 2025ISK 1.8tISK 1.3tISK 127.4b17x13.8x1.4x
Wed, 09 Jul 2025ISK 1.8tISK 1.3tISK 117.6b17.2x14.9x1.4x
Fri, 06 Jun 2025ISK 1.8tISK 1.3tISK 118.2b19x15.3x1.4x
Sun, 04 May 2025ISK 1.7tISK 1.3tISK 122.8b14.4x13.7x1.3x
Tue, 01 Apr 2025ISK 1.8tISK 1.3tISK 120.6b16.4x14.5x1.4x
Thu, 27 Feb 2025ISK 1.9tISK 1.3tISK 114.5b18.8x16.6x1.5x
Sat, 25 Jan 2025ISK 1.9tISK 1.3tISK 108.1b16.5x18x1.5x
Mon, 23 Dec 2024ISK 2.3tISK 1.5tISK 109.4b17.6x21.1x1.5x
Wed, 20 Nov 2024ISK 2.3tISK 1.5tISK 111.4b16.9x20.5x1.5x
Fri, 18 Oct 2024ISK 2.1tISK 1.5tISK 103.2b18.7x20.5x1.4x
Sun, 15 Sep 2024ISK 2.0tISK 1.5tISK 104.3b16.2x19.1x1.3x
Tue, 13 Aug 2024ISK 2.0tISK 1.5tISK 119.0b15.3x16.6x1.3x
Thu, 11 Jul 2024ISK 1.9tISK 1.5tISK 127.8b16x15.2x1.3x
Sat, 08 Jun 2024ISK 1.9tISK 1.5tISK 126.7b15.7x15.1x1.3x
Mon, 06 May 2024ISK 2.0tISK 1.5tISK 133.0b15.4x14.7x1.3x
Wed, 03 Apr 2024ISK 2.0tISK 1.5tISK 130.9b16x15.2x1.3x
Fri, 01 Mar 2024ISK 2.1tISK 1.5tISK 130.6b15.9x15.8x1.4x
Sun, 28 Jan 2024ISK 2.2tISK 1.5tISK 147.8b15.9x15x1.4x
Tue, 26 Dec 2023ISK 2.1tISK 1.5tISK 148.0b14.8x14.2x1.4x
Thu, 23 Nov 2023ISK 1.7tISK 1.5tISK 149.0b12.6x11.6x1.1x
Sat, 21 Oct 2023ISK 1.8tISK 1.5tISK 149.5b15.3x11.7x1.2x
Mon, 18 Sep 2023ISK 1.9tISK 1.5tISK 145.9b16x13.2x1.3x
Wed, 16 Aug 2023ISK 2.1tISK 1.5tISK 149.1b16.3x13.9x1.4x
Fri, 14 Jul 2023ISK 2.0tISK 1.5tISK 144.2b15.1x13.8x1.3x
Sun, 11 Jun 2023ISK 2.0tISK 1.5tISK 146.3b14.5x13.4x1.3x
Tue, 09 May 2023ISK 2.0tISK 1.5tISK 147.1b14.8x13.8x1.3x
Thu, 06 Apr 2023ISK 2.1tISK 1.5tISK 148.4b15.2x14.4x1.5x
Sat, 04 Mar 2023ISK 2.2tISK 1.5tISK 149.1b15x14.5x1.5x
Mon, 30 Jan 2023ISK 2.2tISK 1.5tISK 143.7b11.5x15x1.5x
Wed, 28 Dec 2022ISK 2.1tISK 1.4tISK 142.9b11.7x14.8x1.5x
Fri, 25 Nov 2022ISK 2.3tISK 1.4tISK 144.0b12.3x15.7x1.6x
Price to Earnings Ratio

15.7x


Total Market Cap: ISK 2.3tTotal Earnings: ISK 144.0bTotal Revenue: ISK 1.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Market Price to Earnings3Y Average 15.2x202320242025
Current Market PE
  • Investors are pessimistic on the Icelandic market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 13.4x which is lower than its 3-year average PE of 15.2x.
Past Earnings Growth
  • The earnings for companies in the Icelandic industry have declined 2.6% per year over the last three years.
  • Revenues have also declined 2.6% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Sector Trends

Which sectors have driven the changes within the Icelandic Market?

IS Market0.004%
Financials1.79%
Tech0%0
Consumer Discretionary-0.15%
Consumer Staples-0.25%
Real Estate-0.58%
Telecom-2.11%
Industrials-4.43%
Sector PE
  • Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 4.8x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Financials sector.
  • 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 sectors.
  • This is a reversal from its past annual earnings growth rate of 23% per year.
  • In contrast, the Financials 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 Price7D1YValuationSector
ISB Íslandsbanki hfISK 128.004.1%
+ISK 9.1b		1.6%PB1xFinancials
ARION Arion banki hfISK 179.503.2%
+ISK 7.6b		16.6%PB1.2xFinancials
KVIKA Kvika banki hfISK 16.902.1%
+ISK 1.5b		-8.9%PE16.1xFinancials
SKAGI Skagi hfISK 20.053.9%
+ISK 1.4b		8.1%PE20xFinancials
ICESEA Iceland Seafood International hfISK 4.823.2%
+ISK 459.7m		3.4%PE15.2xConsumer Staples
See more

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ICESEA
ISK 4.82
Iceland Seafood International hf
7D
3.2%
1Y
3.4%
ISB
ISK 128.00
Íslandsbanki hf
7D
4.1%
1Y
1.6%
REITIR
ISK 125.00
Reitir fasteignafélag hf
7D
-1.6%
1Y
18.5%
SVN
ISK 98.50
Sildarvinnslan Hf
7D
-0.5%
1Y
2.6%
SYN
ISK 18.20
Sýn hf
7D
1.1%
1Y
-41.7%
KVIKA
ISK 16.90
Kvika banki hf
7D
2.1%
1Y
-8.9%
FESTI
ISK 310.00
Festi hf
7D
-1.3%
1Y
8.4%
SKAGI
ISK 20.05
Skagi hf
7D
3.9%
1Y
8.1%
ARION
ISK 179.50
Arion banki hf
7D
3.2%
1Y
16.6%
EIM
ISK 260.00
Eimskipafélag Íslands hf
7D
-12.2%
1Y
-32.3%
SJOVA
ISK 41.40
Sjóvá-Almennar tryggingar hf
7D
-2.8%
1Y
-6.8%
HAGA
ISK 110.00
Hagar hf
7D
-1.8%
1Y
14.6%
SKEL
ISK 15.20
Skel fjárfestingafélag hf
7D
1.3%
1Y
-11.6%
ISF
ISK 119.00
Ísfélag hf
7D
-3.3%
1Y
-22.8%
HAMP
ISK 116.00
Hampiðjan hf
7D
-1.7%
1Y
1.3%
OLGERD
ISK 16.80
Ölgerðin Egill Skallagrímsson hf
7D
0.6%
1Y
-5.1%