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Norwegian (OSEAX) Financials Sector Analysis

UpdatedMar 13, 2025
DataAggregated Company Financials
Companies51
  • 7D0.6%
  • 3M11.7%
  • 1Y24.9%
  • YTD10.6%

The Financials industry has stayed flat over the last week. As for the the longer term, the industry is up 25% over the past 12 months. As for the next few years, earnings are expected to grow by 2.1% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 14 Mar 2025NOK 788.0bNOK 227.1bNOK 75.5b9.9x10.4x3.5x
Sun, 09 Feb 2025NOK 739.0bNOK 295.7bNOK 77.8b10.6x9.5x2.5x
Tue, 07 Jan 2025NOK 690.7bNOK 294.7bNOK 73.2b10.1x9.4x2.3x
Thu, 05 Dec 2024NOK 694.3bNOK 295.9bNOK 74.1b9.5x9.4x2.3x
Sat, 02 Nov 2024NOK 690.1bNOK 294.1bNOK 74.2b9.6x9.3x2.3x
Mon, 30 Sep 2024NOK 650.9bNOK 277.1bNOK 69.0b9.3x9.4x2.3x
Wed, 28 Aug 2024NOK 653.3bNOK 277.1bNOK 69.2b9x9.4x2.4x
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
Price to Earnings Ratio

12.7x


Total Market Cap: NOK 653.8bTotal Earnings: NOK 51.3bTotal Revenue: NOK 270.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Financials Sector Price to Earnings3Y Average 10.3x202320242025
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 10.3x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 14% per year over the last three years.
  • Meanwhile revenues for these companies have declined 5.6% 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 Market0.34%
Financials0.55%
Diversified Financial7.79%
Insurance1.15%
Banks0.38%
Mortgage Finance0%0
Capital Markets-0.56%
Consumer Finance-2.54%
Industry PE
  • Investors are most optimistic about the Diversified Financial industry which is trading above its 3-year average PE ratio.
    • 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 266.401.4%
+NOK 5.3b		25.8%PB1.4x
GJF Gjensidige ForsikringNOK 240.804.6%
+NOK 5.3b		41.2%PE23.9x
SB1NO SpareBank 1 Sør-NorgeNOK 163.204.1%
+NOK 2.4b		21.6%PB1.2x
STB StorebrandNOK 128.003.5%
+NOK 1.9b		30.4%PE10.1x
SPOL SpareBank 1 ØstlandetNOK 167.304.3%
+NOK 934.7m		32.8%PB0.9x
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Latest News

GJF

NOK 240.80

Gjensidige Forsikring

7D

4.6%

1Y

41.2%

MING

NOK 184.06

SpareBank 1 SMN

7D

2.6%

1Y

25.6%

SpareBank 1 SMN (OB:MING) Will Pay A Larger Dividend Than Last Year At NOK12.50

Mar 11
SpareBank 1 SMN (OB:MING) Will Pay A Larger Dividend Than Last Year At NOK12.50

SB1NO

NOK 163.20

SpareBank 1 Sør-Norge

7D

4.1%

1Y

21.6%

SpareBank 1 Sør-Norge (OB:SB1NO) Is Paying Out A Larger Dividend Than Last Year

Mar 10
SpareBank 1 Sør-Norge (OB:SB1NO) Is Paying Out A Larger Dividend Than Last Year

SPOL

NOK 167.30

SpareBank 1 Østlandet

7D

4.3%

1Y

32.8%

SpareBank 1 Østlandet (OB:SPOL) Is Paying Out A Larger Dividend Than Last Year

Mar 10
SpareBank 1 Østlandet (OB:SPOL) Is Paying Out A Larger Dividend Than Last Year

HITV

NOK 130.00

HitecVision

7D

-1.5%

1Y

-36.0%

SVEG

NOK 144.34

Sparebanken Vest

7D

5.8%

1Y

18.9%

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

Mar 07
Sparebanken Vest (OB:SVEG) Is Increasing Its Dividend To NOK8.50

DNB

NOK 266.40

DNB Bank

7D

1.4%

1Y

25.8%

DNB Bank (OB:DNB) Is Increasing Its Dividend To NOK16.75

Mar 06
DNB Bank (OB:DNB) Is Increasing Its Dividend To NOK16.75

STB

NOK 128.00

Storebrand

7D

3.5%

1Y

30.4%

SOAG

NOK 430.10

SpareBank 1 Østfold Akershus

7D

-1.4%

1Y

30.3%

TRSB

NOK 114.00

Trøndelag Sparebank

7D

-1.3%

1Y

n/a

NORTH

NOK 2.54

North Energy

7D

-1.2%

1Y

13.4%

TYSB

NOK 117.00

Tysnes Sparebank

7D

-3.8%

1Y

3.5%

PROT

NOK 316.50

Protector Forsikring

7D

2.1%

1Y

47.6%

B2I

NOK 9.97

B2 Impact

7D

-2.3%

1Y

30.0%

GRONG

NOK 154.80

Grong Sparebank

7D

-0.7%

1Y

3.9%

KRAB

NOK 8.40

Kraft Bank

7D

-4.0%

1Y

-7.7%