SpareBank 1 Østfold Akershus

OB:SOAG Stock Report

Market Cap: NOK 5.5b

SpareBank 1 Østfold Akershus Valuation

Is SOAG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of SOAG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: SOAG (NOK441) is trading below our estimate of future cash flow value (NOK890.24)

Significantly Below Future Cash Flow Value: SOAG is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SOAG?

Key metric: As SOAG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SOAG. This is calculated by dividing SOAG's market cap by their current earnings.
What is SOAG's PE Ratio?
PE Ratio8.8x
EarningsNOK 623.00m
Market CapNOK 5.46b

Price to Earnings Ratio vs Peers

How does SOAG's PE Ratio compare to its peers?

The above table shows the PE ratio for SOAG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.8x
MORG Sparebanken Møre
11.6x20.70%NOK 5.4b
HELG SpareBank 1 Helgeland
11.6x10.18%NOK 4.2b
ROGS Rogaland Sparebank
13.8x16.34%NOK 3.4b
NONG SpareBank 1 Nord-Norge
10.3x21.25%NOK 15.3b
SOAG SpareBank 1 Østfold Akershus
8.8x-0.12%NOK 5.5b

Price-To-Earnings vs Peers: SOAG is good value based on its Price-To-Earnings Ratio (8.8x) compared to the peer average (11.8x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does SOAG's PE Ratio compare vs other companies in the NO Banks Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
FFSB Flekkefjord Sparebank
1.4x14.34%US$18.12m
No more companies available in this PE range
SOAG 8.8xIndustry Avg. 11.6xNo. of Companies11PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SOAG is good value based on its Price-To-Earnings Ratio (8.8x) compared to the Norwegian Banks industry average (11.6x).

Price to Earnings Ratio vs Fair Ratio

What is SOAG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SOAG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.8x
Fair PE Ratio8.7x

Price-To-Earnings vs Fair Ratio: SOAG is expensive based on its Price-To-Earnings Ratio (8.8x) compared to the estimated Fair Price-To-Earnings Ratio (8.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SOAG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 430.00
NOK 463.00
+7.67%
0.65%NOK 466.00NOK 460.00n/a2
Jun ’27NOK 448.00
NOK 463.00
+3.35%
0.65%NOK 466.00NOK 460.00n/a2
May ’27NOK 461.05
NOK 484.00
+4.98%
0.83%NOK 488.00NOK 480.00n/a2
Apr ’27NOK 442.95
NOK 476.50
+7.57%
2.83%NOK 490.00NOK 463.00n/a2
Mar ’27NOK 443.00
NOK 476.50
+7.56%
2.83%NOK 490.00NOK 463.00n/a2
Feb ’27NOK 436.00
NOK 461.50
+5.85%
0.33%NOK 463.00NOK 460.00n/a2
Jan ’27NOK 453.30
NOK 461.50
+1.81%
0.33%NOK 463.00NOK 460.00n/a2
Dec ’26NOK 462.95
NOK 461.50
-0.31%
0.33%NOK 463.00NOK 460.00n/a2
Nov ’26NOK 450.00
NOK 461.50
+2.56%
0.33%NOK 463.00NOK 460.00n/a2
Oct ’26NOK 438.05
NOK 456.50
+4.21%
1.42%NOK 463.00NOK 450.00n/a2
Sep ’26NOK 435.00
NOK 456.50
+4.94%
1.42%NOK 463.00NOK 450.00n/a2
May ’26NOK 414.95
NOK 425.00
+2.42%
1.18%NOK 430.00NOK 420.00NOK 461.052
Apr ’26NOK 418.00
NOK 410.00
-1.91%
7.32%NOK 440.00NOK 380.00NOK 442.952
Mar ’26NOK 425.00
NOK 410.00
-3.53%
7.32%NOK 440.00NOK 380.00NOK 443.002
Feb ’26NOK 407.00
NOK 389.00
-4.42%
2.31%NOK 398.00NOK 380.00NOK 436.002
Jan ’26NOK 380.00
NOK 379.00
-0.26%
0.26%NOK 380.00NOK 378.00NOK 453.302
Dec ’25NOK 375.00
NOK 379.00
+1.07%
0.26%NOK 380.00NOK 378.00NOK 462.952
Nov ’25NOK 378.00
NOK 374.00
-1.06%
1.07%NOK 378.00NOK 370.00NOK 450.002
Oct ’25NOK 354.00
NOK 371.00
+4.80%
0.27%NOK 372.00NOK 370.00NOK 438.052
Sep ’25NOK 364.00
NOK 371.00
+1.92%
0.27%NOK 372.00NOK 370.00NOK 435.002
Aug ’25NOK 353.00
NOK 374.00
+5.95%
1.07%NOK 378.00NOK 370.00NOK 413.052
Jul ’25NOK 336.00
NOK 373.50
+11.16%
0.94%NOK 377.00NOK 370.00NOK 419.002
Jun ’25NOK 337.00
NOK 373.50
+10.83%
0.94%NOK 377.00NOK 370.00NOK 416.002
NOK 463
Fair Value
4.8% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/29 16:14
End of Day Share Price 2026/06/26 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

SpareBank 1 Østfold Akershus is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Žilvinas JusaitisNorne Securities AS
Herman ZahlPareto Securities