Valur has spent most of its time in the top-flight of Icelandic football, spending only three seasons outside the top tier.

At the inauguration of the first Valsvallar in Melunum in the fall of 1911, Friðrik gave a speech in which he encouraged the boys to continue on the path they had set out on and also reminded them of honesty in play and work and that peace, love, unity, beauty and energy should reign in the work and nothing indecent and ugly should ever flourish.

In 1915, Valur participated for the first time in the Icelandic national championship in football, but in addition to them, Fram and KR competed in the tournament.

Valur won its first Icelandic championship in 1930, nineteen years after the club was founded, a long-awaited dream had come true.

Reverend Friðrik told the newly crowned champions that a victory would certainly be good, but one should not overestimate or show arrogance.

In August 2024 the club and Arnar Grétarsson parted ways and Icelandic Serbian Srdjan Tufegdzic took over on a 3 year contract.

[3] Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.

Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.