Norwegian Banks Undervalued over 20% based on DCF

DNB Bank

Market Cap: NOK 433.3b

Provides financial services to individuals and businesses in Norway and internationally.

SpareBank 1 Sør-Norge

Market Cap: NOK 76.4b

Provides various financial products and services for personal and corporate customers in Norway.

Sparebanken Norge

Market Cap: NOK 33.6b

A financial services company, provides banking and financing services.

SpareBank 1 SMN

Market Cap: NOK 28.2b

Provides various banking, accounting, and real estate products and services to private individuals and companies in Norway and internationally.

SpareBank 1 Østlandet

Market Cap: NOK 26.7b

Provides various financial products and services to individuals, businesses, public entities, teams, associations, and organisations.

SpareBank 1 Nord-Norge

Market Cap: NOK 15.9b

Provides banking services in Northern Norway.

SpareBank 1 Ringerike Hadeland

Market Cap: NOK 7.2b

A financial institution, provides various banking products and services to private and corporate customers in Norway.

Sparebanken Møre

Market Cap: NOK 5.5b

Provides banking services for the retail and business markets in Norway.

SpareBank 1 Helgeland

Market Cap: NOK 4.2b

Provides various banking products and services to private customers, small and medium-sized enterprises, municipalities, and institutions in Norway.

Sparebanken Øst

Market Cap: NOK 1.5b

Operates as a savings bank in eastern Norway.

Voss Veksel- og Landmandsbank

Market Cap: NOK 1.1b

Provides banking and insurance services to private individuals, business, and agriculture in Norway.

Kraft Bank

Market Cap: NOK 575.4m

Provides refinancing of loans with mortgages on housing and loans without collateral to individuals in Norway.

Trøndelag Sparebank

Market Cap: NOK 516.8m

A savings bank, provides banking products and services in Norway.