 Under the new name it has won the Icelandic Championship two times, 1980 and 1983, and the Icelandic cup three times, 1980, 1981 and 1983.As of 2018, the Valur women's basketball team plays in the top-tier Úrvalsdeild kvenna.It played in the 2018 Úrvalsdeild finals, losing to Haukar 2-3.