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Norwegian (OSEAX) Financials Sector Analysis

UpdatedNov 28, 2022
DataAggregated Company Financials
Companies50
  • 7D2.1%
  • 3M0.5%
  • 1Y-6.7%
  • YTD-8.9%

In the last week, the Financials industry is up 2.1%, with DNB Bank up 3.0%. In the past year, the industry is down 6.7%. Earnings are forecast to grow by 8.0% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 29 Nov 2022kr577.9bkr175.5bkr50.1b10.1x11.5x3.3x
Thu, 27 Oct 2022kr550.7bkr174.5bkr50.0b10x11x3.2x
Sat, 24 Sep 2022kr549.8bkr183.3bkr49.3b10.5x11.1x3x
Mon, 22 Aug 2022kr598.8bkr182.9bkr49.6b11.3x12.1x3.3x
Wed, 20 Jul 2022kr555.7bkr182.7bkr49.4b11.4x11.2x3x
Fri, 17 Jun 2022kr549.5bkr227.5bkr50.2b10.9x10.9x2.4x
Sun, 15 May 2022kr573.7bkr224.6bkr48.6b11.1x11.8x2.6x
Tue, 12 Apr 2022kr631.8bkr267.3bkr49.5b12.1x12.8x2.4x
Thu, 10 Mar 2022kr626.7bkr270.9bkr51.3b11.8x12.2x2.3x
Sat, 05 Feb 2022kr687.0bkr259.2bkr52.4b12.7x13.1x2.7x
Mon, 03 Jan 2022kr403.2bkr210.0bkr28.3b12.1x14.3x1.9x
Wed, 01 Dec 2021kr389.2bkr210.0bkr28.2b11.5x13.8x1.9x
Fri, 29 Oct 2021kr725.6bkr258.5bkr48.9b11.7x14.8x2.8x
Sun, 26 Sep 2021kr659.5bkr267.5bkr49.1b11.3x13.4x2.5x
Tue, 24 Aug 2021kr652.1bkr267.5bkr49.1b11.1x13.3x2.4x
Wed, 30 Jun 2021kr343.6bkr218.7bkr28.5b10.5x12.1x1.6x
Sat, 03 Apr 2021kr342.3bkr228.1bkr26.4b10x13x1.5x
Tue, 05 Jan 2021kr299.0bkr171.3bkr21.1b10.5x14.1x1.7x
Fri, 09 Oct 2020kr231.5bkr152.2bkr18.0b9.3x12.8x1.5x
Thu, 02 Jul 2020kr218.0bkr142.8bkr16.9b9.2x12.9x1.5x
Sun, 05 Apr 2020kr194.3bkr120.2bkr16.2b8.2x12x1.6x
Wed, 08 Jan 2020kr297.8bkr178.8bkr21.7b8.5x13.7x1.7x
Price to Earnings Ratio

12.5x


Total Market Cap: kr281.4bTotal Earnings: kr22.5bTotal Revenue: kr186.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Financials Sector Price to Earnings3Y Average 13x202020212022
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 11.5x which is lower than its 3-year average PE of 13.0x.
  • The 3-year average PS ratio of 2.1x 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 31% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.1% 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 Market3.17%
Financials2.06%
Banks2.51%
Capital Markets2.10%
Insurance0.86%
Consumer Finance0.72%
Mortgage REITs0%
Mortgage Finance-0.32%
Diversified Financial-2.38%
Industry PE
  • Investors are most optimistic about the Consumer Finance industry even though it's trading below its 3-year average PE ratio of 25.4x.
    • Analysts are expecting annual earnings growth of 35.6%, which is higher than its past year's earnings decline of 19.4% per year.
  • Investors are most pessimistic about the Diversified Financial industry, which is trading below its 3-year average of 9.6x.
Forecasted Growth
  • Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 99% over the next 5 years.
  • This is better than its past earnings growth rate of 23% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 5.8% per year 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 Bankkr188.403.0%
+kr8.4b
-6.6%PB1.2x
SRBNK SpareBank 1 SR-Bankkr119.306.0%
+kr1.7b
-6.1%PB1.1x
MING SpareBank 1 SMNkr117.001.7%
+kr258.6m
-16.4%PB0.7x
NONG SpareBank 1 Nord-Norgekr90.302.5%
+kr220.9m
-11.6%PB0.6x
HITV HitecVisionkr180.005.9%
+kr189.7m
20.0%PE14.7x
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Latest News

MING

kr117.00

SpareBank 1 SMN

7D

1.7%

1Y

-16.4%

PROT

kr119.60

Protector Forsikring

7D

-1.2%

1Y

14.6%

PARB

kr46.75

Pareto Bank

7D

-0.7%

1Y

-20.5%

GJF

kr187.00

Gjensidige Forsikring

7D

-0.5%

1Y

-9.8%

DNB

kr188.40

DNB Bank

7D

3.0%

1Y

-6.6%

ACR

kr6.10

Axactor

7D

3.0%

1Y

-15.3%

STB

kr86.56

Storebrand

7D

0.4%

1Y

2.2%

SRBNK

kr119.30

SpareBank 1 SR-Bank

7D

6.0%

1Y

-6.1%

INSTA

kr1.51

Instabank

7D

-3.8%

1Y

-27.3%

HITV

kr180.00

HitecVision

7D

5.9%

1Y

20.0%