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Norwegian (OSEAX) Financials Sector Analysis
UpdatedJan 24, 2025
DataAggregated Company Financials
Companies51
- 7D1.9%
- 3M5.0%
- 1Y18.7%
- YTD4.4%
In the last week, the Financials industry is up 1.9%, with DNB Bank up 2.1%. This takes the industry's 12 month performance to a gain of 19%. In the next few years earnings are forecast to be pretty stable.
Sector Valuation and Performance
Has the Norwegian Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 24 Jan 2025 | NOK 723.8b | NOK 294.7b | NOK 73.2b | 10.2x | 9.9x | 2.5x |
| Sun, 22 Dec 2024 | NOK 679.6b | NOK 296.3b | NOK 74.1b | 9.6x | 9.2x | 2.3x |
| Tue, 19 Nov 2024 | NOK 681.9b | NOK 295.9b | NOK 74.6b | 8.8x | 9.1x | 2.3x |
| Thu, 17 Oct 2024 | NOK 661.0b | NOK 274.0b | NOK 68.2b | 9.4x | 9.7x | 2.4x |
| Sat, 14 Sep 2024 | NOK 648.1b | NOK 277.1b | NOK 69.0b | 9.2x | 9.4x | 2.3x |
| Mon, 12 Aug 2024 | NOK 633.3b | NOK 276.3b | NOK 71.2b | 9.1x | 8.9x | 2.3x |
| Wed, 10 Jul 2024 | NOK 628.5b | NOK 272.0b | NOK 65.5b | 9.1x | 9.6x | 2.3x |
| Fri, 07 Jun 2024 | NOK 633.6b | NOK 271.4b | NOK 65.5b | 9.1x | 9.7x | 2.3x |
| Sun, 05 May 2024 | NOK 614.7b | NOK 269.2b | NOK 64.8b | 9.5x | 9.5x | 2.3x |
| Tue, 02 Apr 2024 | NOK 624.3b | NOK 249.2b | NOK 65.4b | 9.2x | 9.5x | 2.5x |
| Thu, 29 Feb 2024 | NOK 620.8b | NOK 264.3b | NOK 65.7b | 8.9x | 9.4x | 2.3x |
| Sat, 27 Jan 2024 | NOK 628.2b | NOK 296.8b | NOK 63.6b | 9.5x | 9.9x | 2.1x |
| Mon, 25 Dec 2023 | NOK 618.4b | NOK 296.9b | NOK 64.9b | 9.2x | 9.5x | 2.1x |
| Wed, 22 Nov 2023 | NOK 603.5b | NOK 296.9b | NOK 65.0b | 8.8x | 9.3x | 2x |
| Fri, 20 Oct 2023 | NOK 596.8b | NOK 287.2b | NOK 62.2b | 9.4x | 9.6x | 2.1x |
| Sun, 17 Sep 2023 | NOK 620.9b | NOK 287.0b | NOK 62.3b | 9.3x | 10x | 2.2x |
| Tue, 15 Aug 2023 | NOK 608.9b | NOK 285.4b | NOK 62.5b | 9.7x | 9.7x | 2.1x |
| Thu, 13 Jul 2023 | NOK 583.0b | NOK 221.0b | NOK 58.4b | 9.8x | 10x | 2.6x |
| Sat, 10 Jun 2023 | NOK 584.3b | NOK 220.3b | NOK 58.5b | 9.8x | 10x | 2.7x |
| Mon, 08 May 2023 | NOK 570.4b | NOK 184.1b | NOK 58.2b | 10.5x | 9.8x | 3.1x |
| Wed, 05 Apr 2023 | NOK 570.0b | NOK 174.7b | NOK 53.8b | 10.3x | 10.6x | 3.3x |
| Fri, 03 Mar 2023 | NOK 616.0b | NOK 174.7b | NOK 53.9b | 10.7x | 11.4x | 3.5x |
| Sun, 29 Jan 2023 | NOK 574.5b | NOK 175.6b | NOK 48.8b | 11.1x | 11.8x | 3.3x |
| Tue, 27 Dec 2022 | NOK 585.3b | NOK 175.7b | NOK 49.9b | 11.1x | 11.7x | 3.3x |
| Thu, 24 Nov 2022 | NOK 573.4b | NOK 175.5b | NOK 50.1b | 9.9x | 11.5x | 3.3x |
| Sat, 22 Oct 2022 | NOK 545.0b | NOK 183.7b | NOK 48.9b | 10.4x | 11.2x | 3x |
| Mon, 19 Sep 2022 | NOK 561.7b | NOK 183.3b | NOK 49.3b | 10.6x | 11.4x | 3.1x |
| Wed, 17 Aug 2022 | NOK 600.6b | NOK 182.4b | NOK 50.3b | 11.8x | 11.9x | 3.3x |
| Fri, 15 Jul 2022 | NOK 562.2b | NOK 229.3b | NOK 51.2b | 10.9x | 11x | 2.5x |
| Sun, 12 Jun 2022 | NOK 569.5b | NOK 225.2b | NOK 48.7b | 11.5x | 11.7x | 2.5x |
| Tue, 10 May 2022 | NOK 553.3b | NOK 224.9b | NOK 48.6b | 11.1x | 11.4x | 2.5x |
| Thu, 07 Apr 2022 | NOK 620.3b | NOK 267.3b | NOK 49.5b | 12.2x | 12.5x | 2.3x |
| Sat, 05 Mar 2022 | NOK 617.3b | NOK 270.9b | NOK 51.2b | 11.7x | 12.1x | 2.3x |
| Mon, 31 Jan 2022 | NOK 738.4b | NOK 265.4b | NOK 52.6b | 12.2x | 14x | 2.8x |
Price to Earnings Ratio
14x
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 10.5x.
- 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.
- Revenues for these companies have grown 3.6% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Norwegian Financials sector?
| NO Market | 0.83% | |
| Financials | 1.86% | |
| Consumer Finance | 6.57% | |
| Banks | 2.01% | |
| Insurance | 1.41% | |
| Diversified Financial | 0.81% | |
| Capital Markets | 0.15% | |
| Mortgage Finance | 0% | 0 |
| Mortgage REITs | 0% | 0 |
Industry PE
- Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 9.8x.
- 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 35% over the next 5 years.
- This is better than its past earnings decline of 36% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GJF Gjensidige Forsikring | NOK 227.80 | 8.6% +NOK 9.0b | 32.8% | PE23.2x | |
| DNB DNB Bank | NOK 240.40 | 1.1% +NOK 3.9b | 11.8% | PB1.3x | |
| PROT Protector Forsikring | NOK 324.50 | 9.8% +NOK 2.4b | 72.2% | PE13.7x | |
| STB Storebrand | NOK 130.20 | 3.6% +NOK 2.0b | 33.9% | PE11.1x | |
| SB1NO SpareBank 1 Sør-Norge | NOK 155.80 | 2.2% +NOK 898.2m | 18.0% | PB1.1x |
