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Norwegian (OSEAX) Financials Sector Analysis

UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies51
  • 7D1.6%
  • 3M8.8%
  • 1Y24.7%
  • YTD7.3%

Last week, the Financials industry hasn't moved much but DNB Bank is up 5.3% in that time. The past year has been better, since the industry has gained 23% in that time. As for the next few years, earnings are expected to grow by 1.7% per annum.

Sector Valuation and Performance

Has the Norwegian Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Feb 2025NOK 746.7bNOK 227.0bNOK 78.7b9.7x9.5x3.3x
Sun, 19 Jan 2025NOK 714.7bNOK 294.7bNOK 73.2b10.2x9.8x2.4x
Tue, 17 Dec 2024NOK 691.3bNOK 296.0bNOK 74.1b9.8x9.3x2.3x
Thu, 14 Nov 2024NOK 670.6bNOK 295.9bNOK 74.6b8.4x9x2.3x
Sat, 12 Oct 2024NOK 652.0bNOK 274.0bNOK 68.2b9.3x9.6x2.4x
Mon, 09 Sep 2024NOK 644.4bNOK 277.2bNOK 69.0b9.4x9.3x2.3x
Wed, 07 Aug 2024NOK 622.6bNOK 275.3bNOK 68.5b9.2x9.1x2.3x
Fri, 05 Jul 2024NOK 641.5bNOK 271.5bNOK 65.3b9.3x9.8x2.4x
Sun, 02 Jun 2024NOK 637.5bNOK 271.4bNOK 65.6b9x9.7x2.3x
Tue, 30 Apr 2024NOK 635.3bNOK 269.2bNOK 64.9b9.5x9.8x2.4x
Thu, 28 Mar 2024NOK 624.3bNOK 249.2bNOK 65.4b9.2x9.5x2.5x
Sat, 24 Feb 2024NOK 616.2bNOK 264.3bNOK 65.7b8.9x9.4x2.3x
Mon, 22 Jan 2024NOK 625.0bNOK 297.0bNOK 64.9b9.4x9.6x2.1x
Wed, 20 Dec 2023NOK 619.7bNOK 296.9bNOK 64.9b9.3x9.5x2.1x
Fri, 17 Nov 2023NOK 604.4bNOK 296.8bNOK 65.0b9x9.3x2x
Sun, 15 Oct 2023NOK 616.0bNOK 287.1bNOK 62.2b9.6x9.9x2.1x
Tue, 12 Sep 2023NOK 604.1bNOK 286.9bNOK 62.0b9.6x9.7x2.1x
Thu, 10 Aug 2023NOK 599.3bNOK 284.0bNOK 61.0b10.1x9.8x2.1x
Sat, 08 Jul 2023NOK 587.9bNOK 220.4bNOK 58.4b9.8x10.1x2.7x
Mon, 05 Jun 2023NOK 580.4bNOK 220.4bNOK 58.5b9.9x9.9x2.6x
Wed, 03 May 2023NOK 575.5bNOK 183.4bNOK 57.7b10.7x10x3.1x
Fri, 31 Mar 2023NOK 565.3bNOK 174.7bNOK 53.8b10.6x10.5x3.2x
Sun, 26 Feb 2023NOK 609.8bNOK 174.6bNOK 54.4b10.5x11.2x3.5x
Tue, 24 Jan 2023NOK 573.7bNOK 175.7bNOK 49.9b11.1x11.5x3.3x
Thu, 22 Dec 2022NOK 575.9bNOK 175.7bNOK 49.9b10.9x11.5x3.3x
Sat, 19 Nov 2022NOK 566.2bNOK 175.6bNOK 50.0b10.2x11.3x3.2x
Mon, 17 Oct 2022NOK 540.0bNOK 183.5bNOK 49.4b10.3x10.9x2.9x
Wed, 14 Sep 2022NOK 571.9bNOK 183.2bNOK 49.3b10.8x11.6x3.1x
Fri, 12 Aug 2022NOK 594.8bNOK 182.6bNOK 50.2b11.8x11.8x3.3x
Sun, 10 Jul 2022NOK 558.6bNOK 227.1bNOK 49.9b11.1x11.2x2.5x
Tue, 07 Jun 2022NOK 585.7bNOK 224.9bNOK 48.7b11.4x12x2.6x
Thu, 05 May 2022NOK 590.8bNOK 267.4bNOK 48.8b11.8x12.1x2.2x
Sat, 02 Apr 2022NOK 640.8bNOK 267.3bNOK 49.5b12.9x13x2.4x
Mon, 28 Feb 2022NOK 650.8bNOK 271.0bNOK 51.2b12.2x12.7x2.4x
Price to Earnings Ratio

12.7x


Total Market Cap: NOK 650.8bTotal Earnings: NOK 51.2bTotal Revenue: NOK 271.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Financials Sector Price to Earnings3Y Average 10.4x202320242025
Current Industry PE
  • Investors are relatively neutral on the Norwegian Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 10.4x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 15% per year over the last three years.
  • Meanwhile revenues for these companies have declined 5.7% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Norwegian Financials sector?

NO Market0.52%
Financials1.64%
Consumer Finance3.10%
Banks3.04%
Mortgage Finance0%0
Mortgage REITs0%0
Diversified Financial-1.61%
Insurance-2.00%
Capital Markets-3.17%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 10.5x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 43% over the next 5 years.
  • This is better than its past earnings decline of 24% per year.
  • In contrast, the Banks 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 Price7D1YValuation
DNB DNB BankNOK 252.605.3%
+NOK 19.0b		21.9%PB1.3x
SB1NO SpareBank 1 Sør-NorgeNOK 158.001.8%
+NOK 1.1b		23.8%PB1.1x
MING SpareBank 1 SMNNOK 180.802.1%
+NOK 545.1m		28.0%PB0.9x
SVEG Sparebanken VestNOK 140.002.5%
+NOK 381.7m		19.7%PB0.6x
STB StorebrandNOK 123.400.7%
+NOK 347.2m		29.4%PE9.8x
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Latest News

SB1NO

NOK 158.00

SpareBank 1 Sør-Norge

7D

1.8%

1Y

23.8%

STB

NOK 123.40

Storebrand

7D

0.7%

1Y

29.4%

MOBA

NOK 8.90

Morrow Bank

7D

-3.3%

1Y

123.1%

PARB

NOK 76.00

Pareto Bank

7D

-0.4%

1Y

39.2%

SOR

NOK 202.00

Sparebanken Sør

7D

2.9%

1Y

42.3%

GJF

NOK 224.60

Gjensidige Forsikring

7D

-1.6%

1Y

30.1%

RING

NOK 383.50

SpareBank 1 Ringerike Hadeland

7D

3.9%

1Y

27.8%

ABG

NOK 6.94

ABG Sundal Collier Holding

7D

-1.4%

1Y

7.4%

ABG Sundal Collier Holding (OB:ABG) Is Paying Out A Dividend Of NOK0.50

Feb 16
ABG Sundal Collier Holding (OB:ABG) Is Paying Out A Dividend Of NOK0.50

MING

NOK 180.80

SpareBank 1 SMN

7D

2.1%

1Y

28.0%

SpareBank 1 SMN (OB:MING) Has Announced That It Will Be Increasing Its Dividend To NOK12.50

Feb 15
SpareBank 1 SMN (OB:MING) Has Announced That It Will Be Increasing Its Dividend To NOK12.50

PROT

NOK 309.00

Protector Forsikring

7D

-1.6%

1Y

44.7%

ROGS

NOK 130.00

Rogaland Sparebank

7D

-1.5%

1Y

30.0%

B2I

NOK 10.60

B2 Impact

7D

-1.3%

1Y

34.5%

SVEG

NOK 140.00

Sparebanken Vest

7D

2.5%

1Y

19.7%

Sparebanken Vest (OB:SVEG) Is Increasing Its Dividend To NOK8.50

Feb 12
Sparebanken Vest (OB:SVEG) Is Increasing Its Dividend To NOK8.50

ACR

NOK 4.65

Axactor

7D

16.7%

1Y

-2.3%

DNB

NOK 252.60

DNB Bank

7D

5.3%

1Y

21.9%

SOAG

NOK 424.00

SpareBank 1 Østfold Akershus

7D

-1.4%

1Y

28.5%