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Icelandic (OMX) Market Analysis & Valuation

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies26
  • 7D1.2%
  • 3M-6.1%
  • 1Y8.6%
  • YTD-6.1%

The market has climbed 1.2% in the last 7 days, lead by the Consumer Staples sector with a gain of 1.4%. As for the past 12 months, the market is up 8.6%. As for the next few years, earnings are expected to grow by 1.8% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026ISK 1.8tISK 1.3tISK 134.5b16.5x13.3x1.4x
Tue, 03 Mar 2026ISK 1.9tISK 1.3tISK 132.4b18x14.6x1.5x
Thu, 29 Jan 2026ISK 2.1tISK 1.3tISK 136.7b16.7x15.1x1.6x
Sat, 27 Dec 2025ISK 1.9tISK 1.3tISK 136.9b15.4x13.8x1.4x
Mon, 24 Nov 2025ISK 1.8tISK 1.3tISK 133.9b15.5x13.3x1.4x
Wed, 22 Oct 2025ISK 1.8tISK 1.3tISK 133.4b16.4x13.5x1.4x
Fri, 19 Sep 2025ISK 1.8tISK 1.3tISK 124.1b16.8x14.6x1.4x
Sun, 17 Aug 2025ISK 1.8tISK 1.3tISK 128.1b16.6x13.9x1.4x
Tue, 15 Jul 2025ISK 1.7tISK 1.3tISK 117.5b16.9x14.8x1.4x
Thu, 12 Jun 2025ISK 1.8tISK 1.3tISK 118.2b18.5x15.1x1.4x
Sat, 10 May 2025ISK 1.7tISK 1.3tISK 123.3b16.1x13.7x1.3x
Mon, 07 Apr 2025ISK 1.7tISK 1.3tISK 120.7b14.9x13.8x1.3x
Wed, 05 Mar 2025ISK 1.8tISK 1.3tISK 117.6b18x15.4x1.4x
Fri, 31 Jan 2025ISK 1.9tISK 1.3tISK 108.1b16.1x17.7x1.5x
Sun, 29 Dec 2024ISK 1.9tISK 1.3tISK 107.8b15.9x17.5x1.5x
Tue, 26 Nov 2024ISK 2.3tISK 1.5tISK 110.0b16.8x20.6x1.5x
Thu, 24 Oct 2024ISK 2.2tISK 1.5tISK 100.4b20.1x21.8x1.4x
Sat, 21 Sep 2024ISK 2.0tISK 1.5tISK 104.3b16.2x19.3x1.3x
Mon, 19 Aug 2024ISK 2.0tISK 1.5tISK 113.8b16.2x17.9x1.3x
Wed, 17 Jul 2024ISK 2.0tISK 1.5tISK 129.2b15.9x15.1x1.3x
Fri, 14 Jun 2024ISK 1.9tISK 1.5tISK 127.6b16x15.2x1.3x
Sun, 12 May 2024ISK 1.9tISK 1.5tISK 131.6b15.4x14.8x1.3x
Tue, 09 Apr 2024ISK 2.0tISK 1.5tISK 130.6b16.1x15.6x1.3x
Thu, 07 Mar 2024ISK 2.1tISK 1.5tISK 130.2b16.3x16x1.4x
Sat, 03 Feb 2024ISK 2.2tISK 1.5tISK 141.6b17x15.4x1.4x
Mon, 01 Jan 2024ISK 2.1tISK 1.5tISK 148.0b15.1x14.4x1.4x
Wed, 29 Nov 2023ISK 1.8tISK 1.5tISK 148.4b13.1x12.2x1.2x
Fri, 27 Oct 2023ISK 1.8tISK 1.5tISK 153.4b13.8x11.4x1.2x
Sun, 24 Sep 2023ISK 1.9tISK 1.5tISK 149.2b15.9x12.6x1.3x
Tue, 22 Aug 2023ISK 2.1tISK 1.5tISK 147.9b16.5x14x1.4x
Thu, 20 Jul 2023ISK 2.0tISK 1.5tISK 144.0b15.2x14.2x1.4x
Sat, 17 Jun 2023ISK 2.0tISK 1.5tISK 146.3b14.7x13.4x1.3x
Mon, 15 May 2023ISK 2.0tISK 1.5tISK 146.7b14.7x13.7x1.3x
Wed, 12 Apr 2023ISK 2.1tISK 1.5tISK 148.3b15.2x14.4x1.5x
Price to Earnings Ratio

14.4x


Total Market Cap: ISK 2.1tTotal Earnings: ISK 148.3bTotal Revenue: ISK 1.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Market Price to Earnings3Y Average 15.2x202420252026
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 13.3x 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 3.2% per year over the last three years.
  • Revenues have also declined 3.7% 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 Market1.16%
Consumer Discretionary2.51%
Industrials2.07%
Consumer Staples1.41%
Financials0.93%
Real Estate0.22%
Tech0%0
Telecom-0.62%
Sector PE
  • Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 6.6x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
  • The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 9.3x.
Forecasted Growth
  • Analysts are most optimistic on the Financials sector, expecting annual earnings growth of 1.8% over the next 5 years.
  • This is better than its past earnings decline of 7.0% 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
HAGA Hagar hfISK 117.002.6%
+ISK 3.3b		21.2%PE15.1xConsumer Staples
ISB Íslandsbanki hfISK 135.501.1%
+ISK 2.6b		20.4%PB1xFinancials
FESTI Festi hfISK 326.002.5%
+ISK 2.5b		14.8%PE16.1xConsumer Discretionary
ARION Arion banki hfISK 178.001.1%
+ISK 2.3b		20.7%PB1.1xFinancials
EIM Eimskipafélag Íslands hfISK 256.005.8%
+ISK 2.3b		-32.6%PE29.6xIndustrials
See more

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Latest News

NOVA
ISK 4.00
Nova Klúbburinn hf
7D
-3.4%
1Y
-8.7%
BERA
ISK 14.90
Bera hf
7D
4.4%
1Y
-15.3%
EIM
ISK 256.00
Eimskipafélag Íslands hf
7D
5.8%
1Y
-32.6%
BRIM
ISK 77.00
Brim hf
7D
1.3%
1Y
18.5%
HEIMAR
ISK 34.30
Heimar hf
7D
-0.3%
1Y
3.3%
HAMP
ISK 86.50
Hampiðjan hf
7D
-1.7%
1Y
-18.4%
ICEAIR
ISK 0.74
Icelandair Group hf
7D
4.2%
1Y
-25.6%
SYN
ISK 21.20
Sýn hf
7D
-0.9%
1Y
-24.8%
FESTI
ISK 326.00
Festi hf
7D
2.5%
1Y
14.8%
ARION
ISK 178.00
Arion banki hf
7D
1.1%
1Y
20.7%
ISB
ISK 135.50
Íslandsbanki hf
7D
1.1%
1Y
20.4%
HAGA
ISK 117.00
Hagar hf
7D
2.6%
1Y
21.2%
KVIKA
ISK 17.05
Kvika banki hf
7D
-0.9%
1Y
19.2%