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Norwegian (OSEAX) Financials Sector Analysis

UpdatedJul 26, 2024
DataAggregated Company Financials
Companies54
  • 7D0.5%
  • 3M4.5%
  • 1Y9.9%
  • YTD5.6%

Over the last 7 days, the Financials industry has remained flat. The past year has been better, since the industry has gained 9.9% in that time. Looking forward, earnings are forecast to grow by 1.0% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jul 2024NOK 646.4bNOK 275.3bNOK 68.5b9.3x9.4x2.3x
Sun, 23 Jun 2024NOK 632.3bNOK 271.5bNOK 65.3b8.9x9.7x2.3x
Tue, 21 May 2024NOK 633.0bNOK 270.5bNOK 65.0b9.1x9.7x2.3x
Thu, 18 Apr 2024NOK 621.1bNOK 249.2bNOK 65.3b9.3x9.5x2.5x
Sat, 16 Mar 2024NOK 621.4bNOK 264.5bNOK 65.7b8.9x9.5x2.3x
Mon, 12 Feb 2024NOK 602.7bNOK 263.3bNOK 68.5b9.2x8.8x2.3x
Wed, 10 Jan 2024NOK 630.6bNOK 296.9bNOK 64.9b9.5x9.7x2.1x
Fri, 08 Dec 2023NOK 620.4bNOK 297.0bNOK 64.9b9x9.6x2.1x
Sun, 05 Nov 2023NOK 589.7bNOK 295.2bNOK 65.6b9.3x9x2x
Tue, 03 Oct 2023NOK 610.2bNOK 287.0bNOK 62.2b9.6x9.8x2.1x
Thu, 31 Aug 2023NOK 607.4bNOK 286.6bNOK 62.1b9x9.8x2.1x
Sat, 29 Jul 2023NOK 604.0bNOK 284.0bNOK 61.0b10x9.9x2.1x
Mon, 26 Jun 2023NOK 575.2bNOK 220.5bNOK 58.5b9.7x9.8x2.6x
Wed, 24 May 2023NOK 576.9bNOK 220.4bNOK 58.6b9.9x9.8x2.6x
Fri, 21 Apr 2023NOK 594.4bNOK 175.4bNOK 54.3b10.6x10.9x3.4x
Sun, 19 Mar 2023NOK 559.6bNOK 174.8bNOK 53.9b10.3x10.4x3.2x
Tue, 14 Feb 2023NOK 586.0bNOK 173.9bNOK 54.6b11x10.7x3.4x
Thu, 12 Jan 2023NOK 582.3bNOK 175.8bNOK 49.9b11.1x11.7x3.3x
Sat, 10 Dec 2022NOK 568.2bNOK 175.6bNOK 49.9b10.6x11.4x3.2x
Mon, 07 Nov 2022NOK 555.9bNOK 175.6bNOK 50.3b10.2x11x3.2x
Wed, 05 Oct 2022NOK 548.5bNOK 183.5bNOK 49.4b10.4x11.1x3x
Fri, 02 Sep 2022NOK 574.3bNOK 183.2bNOK 49.3b11.1x11.6x3.1x
Sun, 31 Jul 2022NOK 581.2bNOK 182.7bNOK 49.4b11.8x11.8x3.2x
Tue, 28 Jun 2022NOK 551.5bNOK 227.5bNOK 50.2b11.4x11x2.4x
Thu, 26 May 2022NOK 586.6bNOK 224.9bNOK 48.7b11.3x12x2.6x
Sat, 23 Apr 2022NOK 630.6bNOK 267.4bNOK 49.5b12.4x12.7x2.4x
Mon, 21 Mar 2022NOK 653.8bNOK 270.2bNOK 51.3b12.2x12.7x2.4x
Wed, 16 Feb 2022NOK 682.7bNOK 269.3bNOK 52.0b12.3x13.1x2.5x
Fri, 14 Jan 2022NOK 740.4bNOK 264.4bNOK 51.7b12.6x14.3x2.8x
Sun, 12 Dec 2021NOK 394.6bNOK 210.0bNOK 28.2b11.7x14x1.9x
Tue, 09 Nov 2021NOK 736.2bNOK 258.9bNOK 49.0b11.7x15x2.8x
Thu, 07 Oct 2021NOK 685.5bNOK 267.5bNOK 49.1b11.5x14x2.6x
Sat, 04 Sep 2021NOK 654.7bNOK 267.5bNOK 49.1b11.2x13.3x2.4x
Mon, 02 Aug 2021NOK 636.0bNOK 267.2bNOK 49.1b10.7x13x2.4x
Price to Earnings Ratio

13x


Total Market Cap: NOK 636.0bTotal Earnings: NOK 49.1bTotal Revenue: NOK 267.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Financials Sector Price to Earnings3Y Average 11.2x202220232024
Current Industry PE
  • Investors are pessimistic on the Norwegian Financials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 9.4x which is lower than its 3-year average PE of 11.2x.
  • The industry is trading close to its 3-year average PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 12% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

NO Market-1.27%
Financials0.53%
Banks1.61%
Mortgage Finance0%
Mortgage REITs0%
Diversified Financial-0.39%
Capital Markets-1.10%
Insurance-2.45%
Consumer Finance-3.72%
Industry PE
  • Investors are most optimistic about the Insurance industry, which is trading close to its 3-year average PE ratio of 15.5x.
    • Analysts are expecting annual earnings growth of 8.3%, which is higher than its past year's earnings decline of 5.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings decline of 11% 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 221.001.0%
+NOK 3.2b		6.0%PB1.2x
SRBNK SpareBank 1 SR-BankNOK 136.800.9%
+NOK 317.0m		5.6%PB1x
MING SpareBank 1 SMNNOK 158.160.7%
+NOK 167.2m		11.9%PB0.9x
NONG SpareBank 1 Nord-NorgeNOK 105.001.3%
+NOK 138.5m		9.6%PB0.7x
SOAG SpareBank 1 Østfold AkershusNOK 340.001.5%
+NOK 61.9m		10.4%PB1x
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